Global Air Separation Plant Market (2021 to 2026) - Demand

2021-08-09

Dublin, Aug. 09, 2021 (GLOBE NEWSWIRE) -- The "Air Separation Plant Market by Process (Cryogenic, Non-cryogenic), Gas (Nitrogen, Oxygen, Argon, Others), End-Use Industry (Iron & Steel, Oil & Gas, Chemical, Healthcare, Others) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The global market for air separation plants was valued at USD 4.5 billion in 2021 and is projected to reach USD 5.9 billion by 2026, at a CAGR of 4.9% between 2021 and 2026. The global market for air separation plants is driven by strong growth in demand, especially from the iron & steel, oil & gas, chemical, healthcare, and other end-use industries. The cryogenic process is the largest segment of the global air separation plant market, by the process. Cryogenic technology was commercialized in 1902 and has since been used extensively by companies across multiple industries that require gases such as nitrogen, oxygen, and others. Being the oldest air separation technology available, it has evolved considerably over the years, resulting in improved efficiency and high purity of yield gases. The growing demand for fabricated metals and alloys across the globe, the increasing dependency on pure gases for enhancing metal properties, and rapid industrialization are expected to drive the air separation plant market during the next five years. Nitrogen is the largest segment of the air separation plant market, by gas. Cryogenic technology was commercialized in 1902 and has since been used extensively by companies across multiple industries that require gases such as nitrogen, oxygen, and others. Being the oldest air separation technology available, it has evolved considerably over the years, resulting in improved efficiency and high purity of yield gases. The growing demand for fabricated metals and alloys across the globe, the increasing dependency on pure gases for enhancing metal properties, and rapid industrialization are expected to drive the air separation plant market during the next five years. Iron & Steel is the largest segment of the air separation plant market, by end-use industry. Iron & steel are used in cars, appliances, roads, bridges, ships, airplanes, and in engineering and construction applications. Hence, with the development and growth of any country, the production and consumption of iron & steel increase proportionately. Countries such as China, the US, Japan, Russia, Italy, Germany, India and Brazil lead in the production and consumption of steel. The Asia Pacific is projected to lead the air separation plant market during the forecast period. Market growth in the Asia Pacific region can be attributed to the increasing metal production, fabrication, and consumption in countries such as Japan, China, and India. The Asia Pacific region accounts for the highest production and consumption of steel in the world, along with one of the highest oil refining capacities. It is also the manufacturing hub of the world, with abundant heavy machinery and equipment manufacturing companies. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights4.1 Attractive Opportunities in Global Air Separation Plant Market4.2 Air Separation Plant Market, by Gas4.3 Asia-Pacific Air Separation Plant Market, by End-Use Industry and Country4.4 Air Separation Plant Market, Major Countries 5 Market Overview5.1 Introduction5.2 Market Segmentation5.3 Market Dynamics5.3.1 Drivers5.3.1.1 Growing Demand for Industrial Gases from Dynamic Manufacturing Sectors5.3.1.2 Increased Demand for Medical Oxygen due to COVID-195.3.2 Restraints5.3.2.1 High Costs Associated with Fabrication, Component Assembly, and Operations5.3.3 Opportunities5.3.3.1 Demand for Industrial Oxygen in the African Region due to COVID-195.3.3.2 Emerging Applications in Glass, Gasification, and Gas-To-Liquid Industries5.3.4 Challenges5.3.4.1 Development of Affordable as Well as Effective Technologies5.3.4.2 Hazards Associated with Cryogenic Air Separation Technology5.4 Porter's Five Forces Analysis5.5 Supply Chain Analysis5.6 Value Chain Analysis5.6.1 Prominent Companies5.6.2 Small & Medium Enterprises5.7 Case Study Analysis5.8 Trends/Disruptions Impacting Customer's Business5.9 Ecosystem for Air Separation Plant Market5.10 Patent Analysis5.11 Technology Analysis5.12 Import & Export Trade Analysis5.13 Regulatory Landscape5.14 Macroeconomic Indicators 6 Air Separation Plant Market, by Process6.1 Introduction6.2 Cryogenic6.2.1 Increasing Demand for Gases for Industrial Activities Drives Cryogenic Segment6.3 Non-Cryogenic6.3.1 Healthcare, Food & Beverage, and Glass Industries Contribute to Growth of Non-Cryogenic Segment6.3.1.1 Pressure Swing Adsorption (Psa)6.3.1.2 Vacuum Pressure Swing Adsorption (Vpsa)6.3.1.3 Membrane Separation 7 Air Separation Plant Market, by Gas7.1 Introduction7.1.1 COVID-19 Impact on Gas Segment7.2 Nitrogen7.2.1 Use in Blanketing and Inerting Across Multiple End-Use Industries Boosts Demand for Nitrogen7.3 Oxygen7.3.1 Need for Medical Oxygen for Treatment of COVID-19 Patients Fuels Segment Growth7.4 Argon7.4.1 Argon Widely Used in Industrial and Electronics Applications7.5 Others 8 Air Separation Plant Market, by End-Use Industry8.1 Introduction8.2 Iron & Steel8.2.1 Iron & Steel Industry Commands Largest Share of Market8.2.2 COVID-19 Impact on Iron & Steel Industry8.3 Oil & Gas8.3.1 Use of Industrial Gases for Downstream and Upstream Processes Boosts Segment Growth8.3.1.1 Upstream8.3.1.2 Downstream8.3.2 COVID-19 Impact on Oil & Gas Industry8.4 Chemical8.4.1 Resurging Global Chemical Industry Expected to Drive Demand for Air Separation Plant Gases8.4.2 COVID-19 Impact on Chemical Industry8.5 Healthcare8.5.1 Increasing Consumption of Medical Gases Like Oxygen Drives Healthcare Segment8.5.2 COVID-19 Impact on Healthcare Industry8.6 Others8.6.1 COVID-19 Impact on Other Industries 9 Air Separation Plant Market, by Region 10 Competitive Landscape10.1 Overview10.2 Market Evaluation Framework10.3 Market Share Analysis: Air Separation Plant Market (2020)10.3.1 Market Share Analysis of Top Players in Air Separation Plant Market10.3.2 Revenue Analysis of Top Players in Air Separation Plant Market10.4 Company Evaluation Matrix, 202010.4.1 Star10.4.2 Emerging Leaders10.4.3 Pervasive10.4.4 Participants10.5 Competitive Benchmarking10.5.1 Strength of Product Portfolio10.5.2 Business Strategy Excellence10.6 Sme Matrix, 202010.6.1 Progressive Companies10.6.2 Dynamic Companies10.6.3 Responsive Companies10.6.4 Starting Blocks10.7 Key Market Developments 11 Company Profiles11.1 Key Players11.1.1 Linde plc11.1.2 Air Liquide Sa11.1.3 Air Products and Chemicals, Inc.11.1.4 Messer Group GmbH11.1.5 Taiyo Nippon Sanso Corporation11.1.6 Daesung Industrial Co., Ltd.11.1.7 Air Water Inc.11.1.8 Enerflex Ltd.11.1.9 Yingde Gases Group Co., Ltd.11.2 Sme Profiles11.2.1 Inox Air Products Private Limited11.2.2 Hangzhou Hangyang Co., Ltd.11.2.3 Universal Industrial Gases, Inc.11.2.4 Nikkiso Cosmodyne, LLC11.2.5 Siad Macchine Impianti S.P.A.11.3 Other Companies11.3.1 Ranch Cryogenics, Inc.11.3.2 Technex Limited11.3.3 Phoenix Equipment Corporation11.3.4 Amcs Corporation11.3.5 Universal Ing. L. & A. Boschi Plants Private Limited11.3.6 China National Air Separation Plant Corporation11.3.7 Gas Engineering, LLC11.3.8 Cryotec Anlagenbau GmbH11.3.9 Novair Sas 12 Appendix For more information about this report visit

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