Air Separation Plant Market Growth Analysis by Product, Application, Region-Forecasts 2021-2031 | Air Products and Chemicals Inc., Air Liquide SA, Praxair Inc., Messer Group GmbH

New York, According to a new market research report published by Global Insight Services Air Separation Plant Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An air separation plant is a facility that produces industrial gases. The most common gases produced by air separation plants are nitrogen, oxygen, and argon. These gases are produced by separating air into its component parts, using a process called fractional distillation.

Fractional distillation is a process that involves cooling air to very low temperatures, until it liquefies. The different components of air have different boiling points, so they can be separated by this process. Once the air is liquefied, the different gases can be drawn off, and collected.

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Key Trends

The key trends in Air Separation Plant technology are:

1. Increased Efficiency: Air separation plants are becoming more efficient as advances are made in technology. This is resulting in lower energy costs and emissions.

2. Modular Design: Air separation plants are now being designed in a modular fashion. This allows for easier installation and maintenance.

3. Improved Safety: Air separation plants are being designed with improved safety features. This is resulting in fewer accidents and injuries.

4. Environmentally Friendly: Air separation plants are becoming more environmentally friendly as they emit less pollution.

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Key Drivers

Air separation plants are used to separate atmospheric gases into their individual components. The key drivers of air separation plant market are-

1. Increasing demand for industrial gases- The industrial gases market is growing at a rapid pace due to the increasing demand from various end-use industries such as healthcare, chemicals, oil & gas, metal & mining, food & beverage, and others.

2. Stringent environmental regulations- The increasing stringent environmental regulations across the globe are one of the key drivers for the air separation plant market. The regulations are implemented to control the emission of greenhouse gases and other pollutants.

3. Technological advancements- The air separation plant manufacturers are continuously investing in research and development activities to develop innovative and efficient technologies. The technological advancements are expected to drive the air separation plant market.

Market Segments

The air separation plan market report is bifurcated on the basis of process, gas, end use, and region. On the basis of process, it is segmented into cryogenic and non-cryogenic. Based on gas, it is analyzed across nitrogen, oxygen, argon, and others. By end use, it is categorized into iron & steel, chemical, healthcare, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The air separation plant market report includes players such as Linde AG, Air Products and Chemicals Inc., Air Liquide SA, Praxair Inc., Messer Group GmbH, Universal Industrial Gases Inc., Taiyo Nippon Sanso Corporation, Technex Limited, Ranch Cryogenics Inc., and AMCS Corporation.

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Reasons to buy Air Separation Plant Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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