Air Separation Plant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Air Separation Plant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : August, 2020 | Energy & Mining | PPT format

Report Digest


Global Air Separation Plant Market: Snapshot

Air separation plants continue to steadily attract attention in a number of end-use industries owing to the vast rise in essential applications of industrially viable gases such as nitrogen, oxygen, argon, and a variety of rare gases. For instance, the massive rise in demand for oxygen in applications across coal gasification, steel manufacturing and the rising demand for nitrogen for storing petroleum products, in chemical storage tanks, and for packing edible oils so as to protect them from qualitative deterioration due to oxidation are some applications driving the increased need for air separation plants globally which also drive air separation plant market. 

Owing to the increased consumption of steel across emerging economies to support the rate of infrastructure development activities, the market for air separation plants is expected to witness expansion at a highly promising pace in the next few years. The green energy industry also looks highly promising for the air separation plant market as some of the world’s leading gas companies have started focusing on investment in alternative energy technologies. Strong economic growth of key emerging economies across Asia Pacific and Latin America and the resultant expansion of the industrial sector in these regions are also expected to promise healthy growth opportunities to the global air separation plant market in the next few years. 

However, several key industries employing massive volumes of air and rare gases have underperformed in the past few years, especially across mature markets such as Europe and North America, directly impacting the overall development of the air separation plant market in these regions. The situation is expected to become more promising in the next few years as economies across Europe are steadily picking-up pace, revitalizing the industrial sector.

Global Air Separation Plant Market: Overview

Air separation plants essentially refer to facilities where atmospheric air is separated into its primary components, mostly nitrogen, hydrogen, and oxygen, and sometimes into rare inert gases such as krypton, argon, xenon, and helium. Considered to be the only viable source for recovering these rare gases and high purity oxygen and nitrogen, air separation plants support the growth of a vast number of industries. The market for air separation plants has witnessed significant growth in the past few years owing to the vast rise in applications and technological advancements in distillation and filtration capabilities.

This report on the global air separation plant market presents a thorough overview of the present growth dynamics of the market and its key elements. A detailed analytical overview of factors such as growth drivers, restraints, trends, challenges, and regulatory scenario governing the development of the market across key regional markets is also included in the report. The competitive landscape of the market is also analyzed in great details in the report, with detailed business profiles and data pertaining to finances, geographical presence, strengths and weaknesses, and product portfolio of some of the key vendors included.

Global Air Separation Plant Market: Drivers and Restraints

The thriving metal fabrication and semiconductor industries are expected to lead to an increased demand for air separation plants in the next few years. The rising expenditure on the production and refining of oil and steel and petrochemicals in emerging economies such as India, China, and Brazil is also expected to emerge as one of the key demand drivers of the global air separation plant market over the report’s forecast period.

Global Air Separation Plant Market: Segmentation

The report segments the global air separation plant market on the basis of criteria such as separation process, gas, end-use industry, and geography. On the basis of separation process, the market can be segmented into cryogenic and non-cryogenic processes of air separation. The segment of non-cryogenic air separation processes includes sub-segments such as pressure swing adsorption, vacuum pressure swing adsorption, and membrane separation. Cryogenic distillation is presently the most commonly used method for air separation owing to a vast range of application areas spanning a number of industries.

Some of the key applications of air separation plants are seen across industries such as semiconductor, healthcare, oil and gas, chemical, and iron and steel. Of these, the oil and gas and iron and steel industries are amongst the leading generator of revenue in the global market. Over the report’s forecast period, the oil and gas segment is expected to exhibit growth at the most promising pace owing to the rising demand for niche application areas such as enhanced oil recovery.

Global Air Separation Plant Market: Geographical Outlook

Of the key regional markets for air separation plants, Asia Pacific has been highlighted in the report with the most promising future growth prospects. The thriving industrial sector in emerging economies such as China and India has made the region one of the leading markets for air separation systems. Over the report’s forecast period as well, the region is expected to emerge as one of the leading destinations for air separation plants owing to the rising demand for pure gases across industries such as semiconductor, metal fabrication, and healthcare.

Global Air Separation Plant Market: Competitive Dynamics

Some of the key vendors operating in the global air separation plant market are Air Products and Chemicals, Inc., Praxair, Inc., Air Liquide S.A., Enerflex Ltd., Technex Ltd., Linde AG, Messer Group GmbH, Universal Industrial Gases, and Taiyo Nippon Sanso Corporation

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.