The Worldwide Air Separation Plant Industry is Expected to Reach $5.9 Billion by 2026 at a CAGR of 4.9% from 2021

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Aug 09, 2021, 13:30 ET

DUBLIN, Aug. 9, 2021 /PRNewswire/ -- 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.

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 Insights
4.1 Attractive Opportunities in Global Air Separation Plant Market
4.2 Air Separation Plant Market, by Gas
4.3 Asia-Pacific Air Separation Plant Market, by End-Use Industry and Country
4.4 Air Separation Plant Market, Major Countries

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Demand for Industrial Gases from Dynamic Manufacturing Sectors
5.3.1.2 Increased Demand for Medical Oxygen due to COVID-19
5.3.2 Restraints
5.3.2.1 High Costs Associated with Fabrication, Component Assembly, and Operations
5.3.3 Opportunities
5.3.3.1 Demand for Industrial Oxygen in the African Region due to COVID-19
5.3.3.2 Emerging Applications in Glass, Gasification, and Gas-To-Liquid Industries
5.3.4 Challenges
5.3.4.1 Development of Affordable as Well as Effective Technologies
5.3.4.2 Hazards Associated with Cryogenic Air Separation Technology
5.4 Porter's Five Forces Analysis
5.5 Supply Chain Analysis
5.6 Value Chain Analysis
5.6.1 Prominent Companies
5.6.2 Small & Medium Enterprises
5.7 Case Study Analysis
5.8 Trends/Disruptions Impacting Customer's Business
5.9 Ecosystem for Air Separation Plant Market
5.10 Patent Analysis
5.11 Technology Analysis
5.12 Import & Export Trade Analysis
5.13 Regulatory Landscape
5.14 Macroeconomic Indicators

6 Air Separation Plant Market, by Process
6.1 Introduction
6.2 Cryogenic
6.2.1 Increasing Demand for Gases for Industrial Activities Drives Cryogenic Segment
6.3 Non-Cryogenic
6.3.1 Healthcare, Food & Beverage, and Glass Industries Contribute to Growth of Non-Cryogenic Segment
6.3.1.1 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 Gas
7.1 Introduction
7.1.1 COVID-19 Impact on Gas Segment
7.2 Nitrogen
7.2.1 Use in Blanketing and Inerting Across Multiple End-Use Industries Boosts Demand for Nitrogen
7.3 Oxygen
7.3.1 Need for Medical Oxygen for Treatment of COVID-19 Patients Fuels Segment Growth
7.4 Argon
7.4.1 Argon Widely Used in Industrial and Electronics Applications
7.5 Others

8 Air Separation Plant Market, by End-Use Industry
8.1 Introduction
8.2 Iron & Steel
8.2.1 Iron & Steel Industry Commands Largest Share of Market
8.2.2 COVID-19 Impact on Iron & Steel Industry
8.3 Oil & Gas
8.3.1 Use of Industrial Gases for Downstream and Upstream Processes Boosts Segment Growth
8.3.1.1 Upstream
8.3.1.2 Downstream
8.3.2 COVID-19 Impact on Oil & Gas Industry
8.4 Chemical
8.4.1 Resurging Global Chemical Industry Expected to Drive Demand for Air Separation Plant Gases
8.4.2 COVID-19 Impact on Chemical Industry
8.5 Healthcare
8.5.1 Increasing Consumption of Medical Gases Like Oxygen Drives Healthcare Segment
8.5.2 COVID-19 Impact on Healthcare Industry
8.6 Others
8.6.1 COVID-19 Impact on Other Industries

9 Air Separation Plant Market, by Region

10 Competitive Landscape
10.1 Overview
10.2 Market Evaluation Framework
10.3 Market Share Analysis: Air Separation Plant Market (2020)
10.3.1 Market Share Analysis of Top Players in Air Separation Plant Market
10.3.2 Revenue Analysis of Top Players in Air Separation Plant Market
10.4 Company Evaluation Matrix, 2020
10.4.1 Star
10.4.2 Emerging Leaders
10.4.3 Pervasive
10.4.4 Participants
10.5 Competitive Benchmarking
10.5.1 Strength of Product Portfolio
10.5.2 Business Strategy Excellence
10.6 Sme Matrix, 2020
10.6.1 Progressive Companies
10.6.2 Dynamic Companies
10.6.3 Responsive Companies
10.6.4 Starting Blocks
10.7 Key Market Developments

11 Company Profiles
11.1 Key Players
11.1.1 Linde plc
11.1.2 Air Liquide Sa
11.1.3 Air Products and Chemicals, Inc.
11.1.4 Messer Group GmbH
11.1.5 Taiyo Nippon Sanso Corporation
11.1.6 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 Profiles
11.2.1 Inox Air Products Private Limited
11.2.2 Hangzhou Hangyang Co., Ltd.
11.2.3 Universal Industrial Gases, Inc.
11.2.4 Nikkiso Cosmodyne, LLC
11.2.5 Siad Macchine Impianti S.P.A.
11.3 Other Companies
11.3.1 Ranch Cryogenics, Inc.
11.3.2 Technex Limited
11.3.3 Phoenix Equipment Corporation
11.3.4 Amcs Corporation
11.3.5 Universal Ing. L. & A. Boschi Plants Private Limited
11.3.6 China National Air Separation Plant Corporation
11.3.7 Gas Engineering, LLC
11.3.8 Cryotec Anlagenbau GmbH
11.3.9 Novair Sas

12 Appendix

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