Global Air Separation Plants Market 2020 | Sales Insights, Size Projection, Growth Statistics, Leading Players, COVID-19 Impact And Global Industry Analysis

Research Reports

Dec 29, 2020

Market Synopsis

The new research report by Market Research Future (MRFR) emphasizes that the global air separation plants market 2020 is slated to obtain a substantial market valuation of USD 6.6 billion by 2025, at a moderate 5.02% CAGR over the review period.

Drivers and Restraints

The increasing demand of industrial and specialty gases such as oxygen, nitrogen, carbon dioxide, hydrogen, argon, helium, and acetylene have led to the development of air separation in the industry. Specialty Gases represent rare or ultra-high purity gases and all the minor gases which are used in specialized applications and are undergoing high growth due to demand in its critical applications like laser& chemicals, lighting, in manufacturing, and many more. Additionally, demand from end-use industries such as energy, healthcare, and electronics are contributing to the need for specialty gases. This augmented demand has led to the development of the market.

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Rapid development in emerging economies and rising use of industrial gases in the solar PV industry and developing ground-breaking technologies are expected to fuel the market demand. Nitrogen demand is increasing to enable the production, transport activity much more accessible. It is extensively used in industrial and manufacturing applications for purging, chilling, and liquefaction of the natural gas and for inserting the LNG during shipboard transportation. Furthermore, it is applied for blending the vaporized LNG stream to meet both pipeline and customer specifications.

Market Segmentation

The global air separation plants market has been analyzed based on type, gas, process, application, and region.

The global air separation plants market based on the type has been segmented into 20,000-40,000 m3/h, under 20000 m3/h, 40,000-80,000 m3/h, and more than 80,000 m3/h. Amongst these types, in 2018, the global air separation plants market was commanded by 20,000-40,000 m3/h segment and is projected to lead through the assessment period. 

Based on the process, the air separation plants market has been bifurcated into the cryogenic distillation process and the non-cryogenic distillation process. Among these processes, the cryogenic distillation process was assessed as the largest market share, followed by the non-cryogenic distillation process. 

Based on gas, the global air separation plants market has been segmented into oxygen, nitrogen, and others. In 2018, the oxygen segment led the market and projected to be dominant throughout the forecast period. 

Based on application, the global air separation plants market has been segmented into oil & gas industry, chemical, paper, metallurgy, and others. In 2018, the metallurgy segment led the market and projected to be dominant through the reveiw period. 

Regional Overview

The geographical overview of the global market has been conducted in four major regions, namely the Asia Pacific, Europe, North America, and the rest of the world (including Latin America and the Middle East and Africa).

The increasing demand for industrial gases with high purity levels from end-use industries such as the chemicals, oil & gas industry, and petrochemicals have resulted in the growth of the air separation plant industry. Additionally, stringent safety and environmental regulations in the healthcare segment and as well as increased demand for photovoltaic products, are driving the need for air separation plants in the Asia Pacific region.

In China, Companies provides a comprehensive range of gas processing equipment and related gas products under processes such as cryogenic liquid storage tank, cryogenic air separation unit, vaporizer, cryogenic pump, cryogenic semi-trailer tanker, CO2 recovery plant, gas compressor, gas cylinder. It is widely adopted and well-received in metallurgy, iron and steel, chemical industry, communications, pharmaceuticals, shipbuilding, electronics, food, paper, and other fields. North America is also a leading manufacturer and distributor of high purity oxygen, cylinder filling plants, and different gas generators for medical, industrial, and other application.

North America is capitalizing in a site that has a new gasification train and ancillary equipment and facilities. This will improve the growth of the air separation plant industry.

Competitive Landscape

The top market players identified by MRFR in the global market are Air Liquide SA, Technex Ltd., Linde AG, Taiyo Nippon Sanso Corporation, Praxair, Inc., Air Products and Chemicals, Inc., Messer Group GmbH, Enerflex Ltd., Universal Industrial Gases, and Gas Engineering LLC.

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Key Questions Addressed by the Report

  • What was the historic market size (2020)?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate by 2023?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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