The global Air Separation Plant market is estimated to be valued at US$ 4,870.6 Mn by 2018 end and is expected to expand in the coming years at a CAGR of 4.7% in terms of volume over the forecast period.
Albany, NY -- (SBWIRE) -- 12/21/2018 -- A fresh report has been added to the wide database of Tapping Sleeves Market (MRRSE). The research study is titled "Air Separation Plant Demand to Drive the Market" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
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Air Separation Plant, as considered under the scope of the report, separates atmospheric air into its primary components comprising nitrogen and oxygen, and argon.
The global Air Separation Plant market is estimated to be valued at US$ 4,870.6 Mn by 2018 end and is expected to expand in the coming years at a CAGR of 4.7% in terms of volume over the forecast period. There are several methods to separate the air such as Cryogenic Distillation and Non-Cryogenic that includes Membrane Separation, Pressure Swing Adsorption (PSA) and Vacuum Pressure Swing Adsorption (VPSA)
Non-Cryogenic Type Cost Effective Air Separation Plant Demand to Drive the Market Growth
The Cryogenic Air Separation Plant market is anticipated to represent a huge incremental opportunity between 2018 and 2028. In terms of volume, the Non-Cryogenic Air Separation Plant market are also estimated to exhibit attractive growth rate over the forecast period. On the basis of end use industry, the global Air Separation Plant market is segmented into Chemical, Iron & Steel, Healthcare, Food & Beverages, Paper& Pulp, Oil & Gas and Others. The Chemical segment dominates the market holding major chunk of market share of the overall Air Separation Plant market bovver the forecast period. The manufacturers are incorporating new technologies in the Air Separation Plant to enhance their efficiency, making them more cost effective and widening their end use application. The companies involved in the installation services of Air Separation Plant are focusing on the development of sales channel in new areas and enhancing after sale capabilities. Also, the key market participants are supplying range of customizable on-site production solutions to meet the diverse needs of many industries with regard to volume and purity. The new investments in these regions are expected to create ample of opportunities for the Air Separation Plant market players. As these regions will require huge amount of gases, the requirement of reliable and cheap gas supply will create demand for Air Separation Plant. Moreover, growth in sectors such as Food & Beverages and Healthcare will boost the Air Separation Plant demand, especially in developing parts of the globe. To sum up, all the high growth industrial gas end users are anticipated to drive the demand for industrial gases ultimately driving the global Air Separation Plant market in the coming years.
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The Air Separation Plant market is will be largely driven by the ongoing growth across industry vertical that require air products in developing economies of South East Asia Pacific, Middle East & Africa and China. As a result, the global players in the Air Separation Plant market are focusing on strategic mergers and acquisitions, with an aim to expand their global footprint in these regions. Recognizing the importance of these regions, the investment will increase substantially especially China that will maintain its dominance in the global Air Separation Plant market over the forecast period. China is expected to create attractive opportunities for the Air Separation Plant manufacturers followed by countries located in the South East Asia & Pacific. The SEAP and Air Separation Plant market is estimated to expand at a significant CAGR in terms of value and volume over the forecast period. FMI analysis indicates that massive amount in the developing countries will be invested in metal fabricating and manufacturing sector in the coming years ultimately driving demand for Air Separation Plant for catering rising demand supply gap of gases. Sales of Air Separation Plant in China and SEAP is projected to represent a total incremental opportunity of US$ 802.4 Mn and US$ 628.3 between 2018 and 2028 respectively. The steady growth in the developing countries economy and globalization will create positive impact over Air Separation Plant demand required for increasing demand of end use products. Moreover, the increasing effort from the end users to efficiently utilize supply chain will create demand for Air Separation Plant to handle large number of transaction expected to further increase in the coming years as well. The design offered by the companies will be shifting towards on-site plants delivery format through customization of Air Separation Plant as per requirement of the client.
Market Participants of the Global Air Separation Plant Market
Examples of some of the market participants in this study of global Air Separation Plant market include 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.
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