Press release
Air Separation Plant Market Comprehensive Study 2018 - Air Liquide, The Linde Group, Air Products, Messer Group, Taiyo Nippon Sanso, Enerflex Ltd., Yingde Gases
Air Separation Plant
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The Global Air separation Plant Market accounted for USD 3.33 billion in 2016 and projected to grow at a CAGR of 6.1% during the forecast period of 2017 to 2024.
Global Air separation Plant Market by Gas (Nitrogen, Oxygen, Argon); End-user (Iron & Steel, Oil & Gas {Upstream, downstream}, Chemical, Healthcare, food & beverage, glass industry, coal gasification); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Top Key Players:
• Air Liquide
• The Linde Group
• Praxair Technology, Inc.
• Air Products and Chemicals, Inc
• Messer
• TAIYO NIPPON SANSO CORPORATION
• Universal Industrial Gases, Inc.
• ENERFLEX LTD
• TechNex
• Yingde Gases
• Others
Competitive Landscape:
The global air separation plant market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Report Segmentation:
On the basis of gas:
• Nitrogen
• Oxygen
• Argon
• Others
On the basis of process:
• Cryogenic
• Non-Cryogenic
On the basis of end-user:
• Iron & Steel
• Oil & Gas
• Chemical
• Healthcare
• Others
The oil & gas segment is sub segmented into:
• Upstream
• Downstream
The upstream segment is sub segmented into:
• Pipe Laying & Construction
• Gas Lifting & Enhanced Oil Recovery (EOR)
• Pipe Inserting & Leak Testing
• Underbalanced Drilling
• Natural Gas Sweetening
The downstream segment is sub segmented into:
• Gasification & Catalytic Cracking
• Blanketing
• Purging and Drying
The other segment is sub segmented into:
• Food & Beverage
• Glass Industry
• Coal Gasification
The food & beverage segment is sub segmented into:
• Food
• Beverage
On the basis of geography:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Market Definition:
Air separation plant deals with separation of atmospheric air into nitrogen and oxygen. Sometimes it also deals with other gases such as argon, and other gases. It has its wide application in iron & steel, oil & gas, chemical, healthcare, and others. Stringent safety and environmental regulations may act as the major driver in the growth of air separation plant market. Technical and cost factors may hamper the market.
Market Drivers and Restraints:
• Stringent safety and environmental regulations
• Growing demand from healthcare sector
• Increased demand for photovoltaic products and plasma display channels
• Growing industrial development activities in MEA
• Technical and cost factors
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