March 31, 2020
Air Separation Plant Market

Air Separation Plant Market Looks To Hit The Mark Of US$ 7.74 billion by 2027

The global air separation plant market is expected to reach US$ 7.74 billion in 2027, with CAGR growth of 5.12 per cent over the forecast period from 2019 to 2027. The global market for air separation plants is showing strong growth due to increased demand for industrial and specialty gasses in various end-user segments such as iron & steel, oil & gas, healthcare, etc. Increased demand, coupled with changes in trade barriers and the consolidation of individual Chinese steelworks, has resulted in the growth of the steel industry in most regions of the world in 2018. As per the World Steel Association, global steel production increased by 4.6 percent year-on-year in 2018. Moreover, the global chemical market has also performed well due to strong demand, tight supply, and strong profitability, which has resulted in an increase in reinvestment planning activities in North America, the Middle East, China and other Asian locations. Overall, the global market for air separation plants is anticipated to register a CAGR of 5.12 per cent between 2019 and 2027.

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Based on the process, the global market for air separation plants is segmented into cryogenic and non-cryogenic processes. The cryogenic segment had the largest market share of nearly 70% in 2018, with its routine use in medium and large scale plants to produce nitrogen, oxygen and argon as gasses or liquids. Further highly pure oxygen, nitrogen and argon gasses produced by cryogenic processes are used for the manufacture of semiconductor devices. The thriving iron and steel, metal manufacturing, and semiconductor industries are anticipated to further increase the demand for cryogenic air separation plants in the coming decade.

Some of the major companies profiled in the report include Linde AG, Air Liquide, Praxair Technology, Inc., Air Products and Chemicals, Inc., TAIYO NIPPON SANSO CORPORATION, Universal Industrial Gases, Inc. Universal Cryo Gas, LLC, ENERFLEX LTD., Messer Group GmbH, Technex, Yingde Gas Group Co., Ltd., etc. among others.

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The global market for air separation plants by type was divided into less than 20,000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h and more than 80,000 m3/h. Among these types, the global market was led by a segment of 20,000-40,000 m3/h in 2018 and is expected to lead across the forecast period. The type of capacity of 20,000-40,000 m3/h is used for air separation purposes. These are mainly used in the heat treatment process, the welding, pulp & paper industry, the steel industry, where certain gasses that react with and degrade the product are removed. This is projected to increase the demand for 20,000-40,000 m3/h of air separation capacity in the global market throughout the forecast period.

North America is one of the prominent manufacturers and distributors of high purity oxygen, cylinder filling plants and various gas generators for medical, industrial and other applications, for example, Linde North America invests in a site with a new gasification train and ancillary equipment and installations. This expected to grow demand over the forecast period for air separation plants in the region. The US has been actively using techniques like Enhanced Oil Recovery (EOR) to pump out a larger volume of oil and gas requiring extensive industrial gas use, and is anticipated to supplement the country’s demand for ASUs.

Encouraged by the huge availability of natural gas from the shale revolution, the United States has substantially strengthened its mid-stream capabilities, such as the launch of more LNG liquefaction projects, and the enhancing of its pipeline infrastructure to meet its domestic energy demand, as well as the emergence of a global hotspot for natural gas supply, primarily through LNG. Canada is the 7th largest producer of crude oil in the world.In spite of this, Canadian refineries process less than 30% of this crude oil, due to the size of Canada’s refining industry, compared to the size of the resource, the location of its refineries and the lack of cross-country pipeline connectivity.

In the ASU market, North America is likely to be the dominant player, driven by the region’s industrial growth. As a result of hydraulic fracturing and the extraction of natural gas, the US is expected to be a major player in chemical production. Petrochemical plants with an ethylene capacity of more than 5 million ton / year are expected to start operations along the Gulf of Coast this year. Five more petrochemical units are under construction and are expected to be available online by the end of 2019.

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