Press release
Air separation Plant Market Analysis 2018 to 2024: Increased Demand for Photovoltaic Products and Plasma Display Channels the +6.1% CAGR Industry
Global Air separation Plant Market – Industry Trends and Forecast to 2024
Top Key Companies:
• 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 and others.
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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) and Forecast to 2024.
Definition of Global Air separation Plant Market:
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.
Scope of the Report:
The global air separation plant market is segmented on the basis of gas into nitrogen, oxygen, argon, and others.
On the basis of process, the global air separation plant market is segmented into cryogenic, and non-cryogenic. The non-cryogenic segment is sub segmented into pressure swing adsorption (PSA), vacuum pressure swing adsorption (VPSA), and membrane separation.
On the basis of end-user, the global air separation plant market is segmented into iron & steel, oil & gas, chemical, healthcare, and others.
On the basis of geography, the global air separation plant market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Summary of 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.
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