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Air Separation Plant Market 2018 Is Estimated to Reach US $5,852.7 Million by 2022

 

Pune, India -- (SBWIRE) -- 04/24/2018 -- Air Separation Plant Market 2018

Global Air Separation Plant Market Information Report by Type (Under 20,000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, More than 80,000 m3/h), Process (Cryogenic Distillation Process, Non-Cryogenic Distillation Process), Application (Chemical, Oil & Gas, Paper, Metallurgy and Others), Gas (Nitrogen, Oxygen, Argon, Carbon Dioxide) and Regions (North America, Europe, Asia-Pacific, Rest of World) - Forecast To 2022

This report provides in depth study of "Air Separation Plant Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Licorice Candy Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

This report has a complete understanding of market value and quantity, technological progress, macro-economic and governmental policy based on past and present data along with the current and upcoming trends in the market.

This report provides valuable information for companies like manufacturers, suppliers, distributors, traders, customers, investors and individuals who have interests in this industry.

Global Air Separation Plant Market was valued at USD 4,132 Million in 2015, and is expected to reach USD 5,852.7 Million by 2022.

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Key Players

Linde AG (Germany) , Air Liquide S.A. (France), Praxair, Inc.(U.S.), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals, Inc. (U.S.), Messer Group GmbH (Germany), Enerflex Ltd. (Canada), Gas Engineering LLC (U.S.), Universal Industrial Gases (U.S.) and Technex Limited (India) are some of the leading players operating in this market.

Global Air Separation Plant Market – Segmentation
The Global Air Separation Plant Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and more than 80,000 m3/h
Segmentation by Process: Comprises cryogenic distillation process and non-cryogenic distillation process
Segmentation by Gas: Comprises nitrogen, oxygen, and others
Segmentation by Application: Comprises chemical, oil & gas industry, paper, metallurgy, and others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Industry/ Innovation/ Related News:
The key strategies followed by most companies in the global air separation plant market are expansion, mergers & acquisitions, collaborations & partnerships, expansions and investments.

In 2017, Linde AG announced the establishment of a new large-scale air separation unit in the U.S. to expand its presence in the market of North America. Furthermore collaborating with other companies to achieve technological efficiencies and bag projects outside Europe is also seen as a key development by Linde. Recently it partnered with OAO Novatek (Russia) to take up LNG projects in Russia and with Evonik Industries AG (Germany) to intensify their collaboration in the area of membrane-based gas separation.

On October 2017, Air Liquide has entered in a joint venture with Sinopec (China Petroleum & Chemical Corp.) in Beijing in order to optimize 3 Air Separation Units (ASU) with an investment of 40 million euros. the joint venture will support in the supply of oxygen and nitrogen to Sinopec Beijing Yanshan Co. with capacity of 340 tonnes of oxygen and 1,110 tonnes of nitrogen per day.

On December 2017, Air Products and Chemicals, Inc. has expanded its base by opening new plant in the Pukou Economic Development Zone (PKEDZ), Nanjing, Eastern China. The plant will supply ultra-high purity gases to its customer in the park. It will also provide liquid nitrogen to merchant customers in and around Nanjing.

Market Synopsis of Global Air Separation Plant Market:

Air separation plants are used to separate the atmospheric air into its various primary components like nitrogen, oxygen, and other inert gases. The most common method for air separation is cryogenic distillation. The growth of the air separation plant market is influenced by the product innovations & technologies. Furthermore, growth in the demand for industrial & speciality gases, has led to the emergence of Asia-Pacific as the fastest growing region. However, Issues such as high operational & technological cost hinder the growth of the air separation plant market.

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