Press release
Air Separation Plant Market Research Report Analysis by Air Liquide, The Linde Group, Praxair, Inc, Air Products, Messer Group, Taiyo Nippon Sanso, Universal Industrial Gases, Enerflex Ltd., Yingde Gases Group Company Limited
Air separation Plant Market
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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
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.
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.
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
On the basis of geography:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
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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
Competitive Analysis:
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.
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.
Report Opportunities
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Air separation Plant Market
2. Market Penetration: Comprehensive information on the product portfolios of the top players in the Global Air separation Plant Market.
3. The key findings and recommendations highlight crucial progressive industry trends in the Global Air separation Plant Market, thereby allowing players to develop effective long term strategies
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Air separation Plant Market
5. The report offers market share appraisals for regional and global levels
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