Air Separation Unit Market 2020 Advancement and Precise Outlook- Linde AG, Messer Group GmbH, Praxair Inc., Shanghai Chinllenge Gases Co. Ltd

Air Separation Unit - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Air Separation Unit industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The market for air separation unit is expected to grow approximately at a CAGR of 3.14% during the forecast period of 2020-2025.

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The major factors driving the growth include the increasing uptake of alternate energy sources such as large-scale gasification plants and oxygen-based gas-to-liquid, coal-to-liquid, and coal-to-chemicals plants and the increasing demand for industrial gases, spurred by the growth in steel and process industries. However, as the cost to supply high-purity industrial gases remains high, several operating companies shift towards alternate air separation techniques, such as pressure swing adsorption (PSA) as a cost-effective solution, which further restrains the market for air separation units

- The iron and steel industry is one of the major consumers of industrial gases, where inert and oxidizing gases are of paramount importance during the production of iron and steel. The increasing infrastructure development activities, particularly in China and India, have resulted in the growth of the iron and steel sector. This is anticipated to drive the air separation unit market, during the forecast period.
- Countries such as Saudi Arabia, UAE, and South Africa have been witnessing high growth rate of urbanization and industrialization activities and is expected to continue with the similar pattern, which is expected to offer growth opportunities for air separation units players, particularly from sectors, such as refinery, manufacturing, healthcare, electronics (solar PV wafers in particular), and food and beverages, among others. The Increase in Industrial Development Activities in Middle East & Africa presents a good market opportunity to air separation unit market players to expand their consumer base.
- Asia-Pacific accounted for the largest share of the global air separation unit market, attributed by the increasing demand for air separation units from the iron and steel, oil and gas, and chemical end-user segments.

Competitive Landscape:

The Air Separation Unit Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Linde AG, Messer Group GmbH, Praxair Inc., Shanghai Chinllenge Gases Co. Ltd, Taiyo Nippon Sanso Corporation, and Air Liquide SA.

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Iron and Stell Industry to Dominate the Market

- The steel manufacturing industry is one of the largest consumers of industrial gases. These gases are essential for steel manufacturing processes, and steel manufactures require air separation units in the manufacturing plant to ensure the supply of these gasses. Oxygen, nitrogen, and argon find various applications in the steel industry.
- During 2011-2016, the steel prices dropped consistently with steep prices reaching the lowest in the decade in 2016. The drop in prices is attributed to slow increase in demand for, and overproduction of, steel. During 2016-17, the consumption of steel rose by 2.7%, and steel price also gained positive momentum.
- During the forecast period, the developing nations (excluding China) are expected to lead the growth in demand for steel. India is expected to be one of the biggest drivers for the steel demand during the forecast period.
- The developed nations, like the European Union member states and the United States, are expected to register a stable growth during the forecast period, in turn, further driving the demand for steel during the forecast period.
- As the steel industry is the largest consumer of industrial gases, the growth of the air separation unit market is highly dependent on the growth of this industry.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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