Air Separation Plant Market

Air Separation Plant Market

Air Separation Plant Market: Cryogenic Type Air Separation Plants to Hold Major Share over the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • XPLREP2187

  • August, 2018

  • 293 Pages

  • Industrial Automation

Global Market Study on Air Separation Plant: Asia Pacific Remains at Forefront of Market Growth

According to a new market study by XploreMR, the global air separation plant market is expected to grow at a CAGR of 4.7% through the forecast period (2018 to 2028). Air separation plant separates atmospheric air into its primary components, typically nitrogen and oxygen, and at times, argon and other rare inert gases.

An air separation plant utilizes numerous methods, such as Membrane Separation, Pressure Swing Adsorption (PSA), and Vacuum Pressure Swing Adsorption (VPSA), to separate air and cryogenic air separation plant is anticipated to hold the lion's share in terms of market value through the forecast period. Furthermore, the growth of the market is also complemented by increasing adoption in the iron & steel, healthcare, and food & beverages industry.

Cryogenic Air Separation to Remains Highly Sought-out among End-users

Among the methods available to separate the air, such as cryogenic air separation and non-cryogenic air separation, the cryogenic air separation segment is anticipated to remain the leading segment. On the other hand, non-cryogenic air separation will behold remarkable traction in the years to come, backed by increasing adoption among end-users.

On the end-user front, the chemical industry is anticipated to drive the majority of demand for air separation plant, while iron & Steel, healthcare, and food & beverages, exhibit high growth. By the end of the forecast period, the aforementioned segment will have respectable shares in terms of both volume and value.

Integration of Novel Technologies and Need for Customizable Solutions Foster Growth

Market players in the air separation market are focusing on imbibing novel technologies to cater to the evolving consumer requirements that demand the solutions to be highly efficient, cost-effective. Moreover, the market players are working on expanding their product portfolio by providing a wide range of customizable, on-site production solutions to tap on the unexplored, potential end-use segments.

As players strive to meet the requirements of end-users in terms of both volume and purity, the emerging end-uses will bestow lucrative revenue opportunities. Likewise, the manufacturers are leveraging the demand for reliable and cheap gas supply, and are developing the necessary solutions to cater to the demand. Moreover, increasing adoption in food & beverages and healthcare will invigorate the growth of the air separation plant market among the emerging economies in the years to come.

Asia Pacific Bestows Lucrative Revenue Opportunities

The ongoing industrial development in Southeast Asia Pacific and subsequent need for air products especially in emerging economies such as India and China are driving the growth of the air separation plant market. Realizing the need for air products in these regions, market players are focusing on expanding their geographical footprint to these regions, and have scared-up their investments.

Being one of the prominent regions for industrial manufacturing, China is anticipated to contribute a significant portion of revenue to the air separation plant market. Industries in China are efficiently utilizing supply chains, thus creating demand for on-site delivery of customized, industry-specific requirements.

Competitive Landscape of Air Separation Plant Market

The global air separation market is moderately consolidated, but with scope for new entrants. The report offers insights of both established and emerging players, including 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, Sichuan Air Separation Plant Group, Ranch Cryogenics, Inc.,  AMCS Corporation, Yingde Gases Group Company Limited. and others.

XploreMR provides an exclusive analysis of “Global Air Separation Plant Market”The main objective of this report is to provide detailed analysis and point out key growth areas in the Air Separation Plant market. The report shares exhaustive analysis of the global Air Separation Plant market in terms of market volume (Unit) & value (US$ Mn) and year-wise (Y-o-Y) growth in sales of Air Separation Plant according to type, gas and end use industry. The report also provides qualitative analysis in the form of factors analysis such as drivers, trends, restraints, and their impact on the Air Separation Plant market dynamics. The report is segmented into four sections viz. by type, by gas, by end use industry and by region, to offer insights on the global Air Separation Plant market.

Report Description:

The report on global Air Separation Plant market starts includes executive summary followed by the market introduction to provide detailed information on the market. This is followed by the market background that includes value chain analysis and forecast factors impact analysis. The report then lays out market analysis on the basis of segment mentioned below and presents a forecast for the period of 2018 – 2028.

On the basis of type, the global Air Separation Plant market is segmented into,

  • Cryogenic
  • Non-cryogenic
  • Pressure Swing Adsorption (PSA)
  • Vacuum Pressure Swing Adsorption (VPSA)
  • Membrane Separation

On the basis of gas, the global Air Separation Plant market is segmented into,

  • Oxygen
  • Nitrogen
  • Argon

The third section includes the analysis of the Air Separation Plant market on the basis of end use industry and it is segmented as,

  • Chemical
  • Iron & Steel
  • Healthcare
  • Food & Beverages
  • Paper& Pulp
  • Oil & Gas
  • Others

The following section, i.e. by region, includes the analysis of the global Air Separation Plant market on the basis of nine regions: North America, Latin America, South East Asia & Pacific, China, India, Japan, Western Europe, Eastern Europe and Middle East and Africa.

The last section of the report includes a competitive landscape, which includes market share analysis and provides information and analysis of companies based on the categories of manufactures across the value chain and their presence in the global Air Separation Plant market. Some of the market players included in this section are 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, Sichuan Air Separation Plant Group, Ranch Cryogenics, Inc.,  AMCS Corporation, Yingde Gases Group Company Limited and others.

Research Methodology:

XploreMR conducts extensive research at granular market level to arrive at concrete Air Separation Plant market segmentation by the segments (i.e. by Control, by Type, by Load Capacity and by End Use in each prominent region of the globe. Data from secondary sources include company annual reports, industry association publications, industry presentations, white papers, and company press to understand Air Separation Plant market dynamics across various level of value chain. An initial study is conducted to identify the Air Separation Plant investments, industrial gas market landscape, and market structure and demand pattern of the Air Separation Plant. Further, this study filled any data gaps via primary interviews with industry experts representing Air Separation Plant manufacturers, installation service providers and end user industries. Post ascertaining the Air Separation Plant market behavior, a data validation is conducted vis-a-vis primary and secondary research data to arrive at the base numbers 2017 as base number with estimated new Air Separation Plant sale in 2018 and forecast is made for the years 2019 to 2028.

This approaches enable forecasting of Air Separation Plant market in terms of CAGR with respect to forthcoming period based on end user sentiments and analyze Air Separation Plant market on the basis of Year-on-Year (Y-o-Y). The Air Separation Plant market is analyzed in terms of Absolute Dollar Opportunity and Basis Point Share (BPS) along with market attractive index for sharing every aspect of high growth segments of the Air Separation Plant market. XploreMR validates the forecast developed using concrete growth levels derived from macro and micro factors related to the Air Separation Plant market. For instance, growth in industrial gases market, recent collaborations, end use industry growth, chemical industry growth, key participant annual sales performances are analyzed to attain Air Separation Plant market forecast and refine anomalies if any.

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Air Separation Plant Market: Cryogenic Type Air Separation Plants to Hold Major Share over the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028
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