An air separation plant separates atmospheric air into its primary components, typically nitrogen and oxygen, and sometimes also argon and other rare inert gases. The global Air Separation Plant market is projected to grow at a considerable rate in the coming years. A number of product quality and environment protection regulations combining to raise the scope of usage of pure air-based gases across many industries. This key factor boosts the growth of the global Air Separation Plant market. In addition, several industries continue to consume large volumes of pure oxygen and other air gases over ambient air as a way of minimizing pollution and adhering to clean initiatives.
Furthermore, the oil and gas industry is one of the prime consumers of pure air gases, contributing majorly to the overall growth of the global air separation plants market. The blooming food industry across developed, as well as developing countries across the world, is emerging as the main consumer of food-grade air gases such as nitrogen, carbon dioxide, and oxygen for use across many application areas. This fact further propels the growth of the market.
Additionally, due to the rapid increase in demand for pure air gases, the global air separation plants market offered huge growth opportunities and is witnessing the entry of several new players. To boost the presence in the market, companies are focusing on re-engineering air separation techniques to be able to expand the level of operation efficiency, rise production capacity, and reduce costs and energy consumption related to production processes. This crucial fact also contributing largely to the development of the global Air Separation Plant market to a great extent.
Covid-19 Impact on Air Separation Plant Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Air Separation Plant Market Segment Overview
Based on the process, the Cryogenic segment is expected to grow at the highest CAGR during the forecast period. Cryogenic technology was commercialized in 1902 and has since been used widely by companies across various industries that need gases such as nitrogen, oxygen, and others. Being the oldest air separation technology available, it has evolved significantly over the years, resulting in improved efficiency and high purity of yield gases. By Gas, Nitrogen is expected to be the fastest-growing segment in the air separation plant market. The inert properties of nitrogen make it a good blanketing gas in several applications. Nitrogen blanketing is used to protect flammable or explosive solids and liquids from contact with air.
Air Separation Plant Market, By Process
- Cryogenic
- Non-cryogenic
- Pressure Swing Adsoprtion
- Vacuum Pressure Swing Adsorption
- Membrane Separation
· Nitrogen
· Oxygen
· Argon
· Others
Air Separation Plant Market, By End-use Industry
· Iron & Steel
· Oil & Gas
· Chemical
· Healthcare
· Others
Air Separation Plant Market Regional Overview
In terms of geography, Asia Pacific dominates the global Air Separation Plant market. The Asia Pacific is anticipated to continue its dominant position in the market during the forecast period. The industrial sector in the region, particularly in China and India, offers profitable opportunities for the air separation plant market. Similarly, North America and Europe have developed markets. The air separation plant market in Europe and North America is expected to expand at a significant rate in the next few years. As well, the market in Middle East & Africa, and Latin America is expected to rise at a stable pace in the coming years.
Air Separation Plant Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Air Separation Plant Market Competitor overview
Some key developments and strategies adopted by manufacturers in Air Separation Plant are highlighted below.
· In September 2021, Industrial gases supplier Linde revealed plans for a capacity expansion project at its Mims, FL air separation plant to meet rising demand across a range of industries. During the effort, the company will increase production at the location by some 50% to serve its contracted customers in a variety of end markets, including food processing, manufacturing, water treatment, and aerospace.
Air Separation Plant Market, Key Players
· The Linde Group
· Phoenix Equipment Corporation
· Air Products and Chemicals Inc.
· Hangzhou Hangyang Co. Ltd.
· ING. L&A. Boschi
· Kobelco Air Water Cryoplant, Ltd
· Air Liquide
· Matheson K-Air India Pvt. Ltd.
· Siemens
· Servomex Group Limited
· Universal Industrial Gases, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Air Separation Plant Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Process
- 5.2.1. Cryogenic
- 5.2.2. Non-cryogenic
- 5.2.2.1. Pressure Swing Adsoprtion
- 5.2.2.2. Vacuum Pressure Swing Adsorption
- 5.2.2.3. Membrane Separation
- 5.3.1. Nitrogen
- 5.3.2. Oxygen
- 5.3.3. Argon
- 5.3.4. Others
- 5.4.1. Iron & Steel
- 5.4.2. Oil & Gas
- 5.4.3. Chemical
- 5.4.4. Healthcare
- 5.4.5. Others
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Air Separation Plant Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Process
- 6.2.1. Cryogenic
- 6.2.2. Non-cryogenic
- 6.2.2.1. Pressure Swing Adsoprtion
- 6.2.2.2. Vacuum Pressure Swing Adsorption
- 6.2.2.3. Membrane Separation
- 6.3.1. Nitrogen
- 6.3.2. Oxygen
- 6.3.3. Argon
- 6.3.4. Others
- 6.4.1. Iron & Steel
- 6.4.2. Oil & Gas
- 6.4.3. Chemical
- 6.4.4. Healthcare
- 6.4.5. Others
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Air Separation Plant Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Process
- 7.2.1. Cryogenic
- 7.2.2. Non-cryogenic
- 7.2.2.1. Pressure Swing Adsoprtion
- 7.2.2.2. Vacuum Pressure Swing Adsorption
- 7.2.2.3. Membrane Separation
- 7.3.1. Nitrogen
- 7.3.2. Oxygen
- 7.3.3. Argon
- 7.3.4. Others
- 7.4.1. Iron & Steel
- 7.4.2. Oil & Gas
- 7.4.3. Chemical
- 7.4.4. Healthcare
- 7.4.5. Others
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Air Separation Plant Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Process
- 8.2.1. Cryogenic
- 8.2.2. Non-cryogenic
- 8.2.2.1. Pressure Swing Adsoprtion
- 8.2.2.2. Vacuum Pressure Swing Adsorption
- 8.2.2.3. Membrane Separation
- 8.3.1. Nitrogen
- 8.3.2. Oxygen
- 8.3.3. Argon
- 8.3.4. Others
- 8.4.1. Iron & Steel
- 8.4.2. Oil & Gas
- 8.4.3. Chemical
- 8.4.4. Healthcare
- 8.4.5. Others
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Air Separation Plant Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Process
- 9.2.1. Cryogenic
- 9.2.2. Non-cryogenic
- 9.2.2.1. Pressure Swing Adsoprtion
- 9.2.2.2. Vacuum Pressure Swing Adsorption
- 9.2.2.3. Membrane Separation
- 9.3.1. Nitrogen
- 9.3.2. Oxygen
- 9.3.3. Argon
- 9.3.4. Others
- 9.4.1. Iron & Steel
- 9.4.2. Oil & Gas
- 9.4.3. Chemical
- 9.4.4. Healthcare
- 9.4.5. Others
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. The Linde Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Phoenix Equipment Corporation
- 10.6. Air Products and Chemicals Inc.
- 10.7. Hangzhou Hangyang Co. Ltd.
- 10.8. ING. L&A. Boschi
- 10.9. Kobelco Air Water Cryoplant, Ltd
- 10.10. Air Liquide
- 10.11. Matheson K-Air India Pvt. Ltd.
- 10.12. Siemens
- 10.13. Servomex Group Limited
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
