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

  • Single User License $3500

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

Status : November, 2021 | Energy & Mining

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?