Air Separation Plant Market

Air Separation Plant Market by Process (Cryogenic, Non-cryogenic), Gas (Nitrogen, Oxygen, Argon), End-Use Industry (Iron & Steel, Oil & Gas, Chemical, Healthcare), and Region (North America, APAC, Europe, RoW) - Global Forecast to 2028

Report Code: CH 4858 Jun, 2023, by marketsandmarkets.com

The air separation plant market is projected to grow from USD 5.4 billion in 2023 to USD 6.8 billion by 2028, at a CAGR of 4.6% from 2023 to 2028. The demand for air separation plants is closely linked to the growth of various end-use industries. For instance, the need for air separation plants is very high in the steel industry since steelmaking processes require a lot of oxygen.

Attractive Opportunities in the Air Separation Plant Market

Air Separation Plant Market

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Air Separation Plant Market

Market Dynamics:

Driver: Growing demand for industrial gases from dynamic manufacturing sectors

Air separation plants are in greater demand due to the rising need for industrial gases like oxygen, nitrogen, and argon in several industries. Industrial gases are essential to steel, chemical, and oil & gas production processes. The use of industrial gases in environmental applications has expanded as a result of the growing focus on environmental sustainability and energy efficiency. The need for industrial gases and air separation facilities rises in tandem with the expansion of these sectors.

Restraint: High costs associated with fabrication, component assembly, and operations

Large-scale machinery, including distillation columns, heat exchangers, compressors, and storage tanks, are produced as part of the manufacture and fabrication of air separation plants. These parts frequently require specialized production techniques, which raises the cost. Air separation systems are frequently modified to meet unique application needs and site requirements. The cost of fabrication may go up if the design is customized and site-specific factors are taken into account. Specific materials that can withstand high temperatures and pressures are needed for air separation plants. These materials are frequently more expensive than conventional materials.

Opportunity: Transition to green technologies

As part of broader efforts to minimize carbon emissions and promote sustainability, the industry has placed much importance on converting air separation plants to green technologies. Air separation facilities are looking into integrating renewable energy sources like wind and solar power to meet their energy needs. Installing on-site renewable energy systems or obtaining renewable energy from the grid might be part of this. The carbon footprint connected to the operation of air separation plants can be significantly decreased by employing renewable energy.

Challenge: Hazards associated with cryogenic air separation technology

There are some risks associated with cryogenic air separation technology, which is often used in air separation plants and must be managed appropriately. One of the leading products of air separation facilities is high-purity oxygen. Oxygen enrichment in the atmosphere or small areas can provide a highly combustible atmosphere. Hazards from fire or explosion are now becoming more probable. Stringent safety precautions must be in place to avoid oxygen enrichment and guarantee optimum ventilation.

Air Separation Plant Market: Ecosystem

Linde Plc (UK), Air Liquide SA (France), Air Products and Chemicals, Inc. (US), Taiyo Nippon Sanso Corporation (Japan), and Messer Group GmbH (Germany) are the prominent companies in the air separation plant market. These companies are well-established, financially stable, and have a global presence in the market.

Air Separation Plant Market Ecosystem

Based on the process, the cryogenic segment is projected to grow at a significant CAGR during the forecast period.

Industries that depend on generating industrial gases are some of the factors driving the demand for cryogenic air separation plants. Regulations, economic conditions, and industrial growth impact the market for cryogenic air separation plants. The production of gases that satisfy certain industry requirements and applications is made possible by cryogenic air separation systems' adaptability. The flexibility provided by the ability to change the gas production ratio for various industrial purposes ensures the availability of the necessary gas compositions. The need for industrial gases produced by cryogenic air separation plants is anticipated to stay high as companies grow and technology progresses.

Based on gas, the nitrogen segment accounts for the largest share of the overall market.

Air separation plants produce nitrogen gas in response to the demand for nitrogen, which is interconnected. Nitrogen is a vital industrial gas with many uses in numerous sectors of the economy. As businesses expand, more nitrogen-based processes are adopted, and many industries need better quality control and safety measures; the demand for nitrogen has been constantly rising. These are a few of the crucial applications for nitrogen in the steel sector. The properties of nitrogen, such as its inertness, cooling prowess, and impacts on surface treatment, make it a significant resource at various stages of steel manufacturing, improving the general quality and performance of steel products.

Based on the end-use industry, the iron & gas segment accounts for the largest share of the overall market

Due to the industry’s heavy reliance on industrial gases, air separation plants are in high demand in the iron and steel sector. Global infrastructure development, construction projects, the automobile industry, and other industries are driving up demand for iron and steel. Air separation plants are extensively used in the metallurgical and steel industry for oxygen and nitrogen supply. The need for industrial gases supplied by air separation plants, particularly oxygen, rises in tandem with the expansion of the iron and steel industry.

Asia Pacific is expected to account for the largest share of the global market during the forecast period.

Based on the region, Asia Pacific accounts for the largest share. Because of its rapid industrialization, growing economy, and rising need for industrial gases, the Asia Pacific region represents a sizable market for air separation plants. In terms of technological breakthroughs, the Asia Pacific region is in the lead, and this is also applicable to the market for air separation plants. To increase efficiency, dependability, and cost-effectiveness, advanced air separation technologies such as cryogenic distillation, pressure swing adsorption (PSA), and membrane separation are being used in the region.

Air Separation Plant Market by Region

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Key Market Players

Linde Plc (UK), Air Liquide SA (France), Air Products and Chemicals, Inc. (US), Taiyo Nippon Sanso Corporation (Japan), Messer Group GmbH (Germany), Daesung Industrial Co., Ltd. (South Korea), Air Water Inc. (Japan), Enerflex Ltd. (Canada), Yingde Gases Group Co., Ltd. (Hong Kong), Inox Air Products Private Limited (India), Hangzhou Hangyang Co., Ltd. (China), Universal Industrial Gases, Inc. (US), Nikkiso Cosmodyne, LLC. (US) and others.

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Scope of the Report

:

Report Metric

Details

Market Size Available for Years

2016 to 2028

Base Year Considered

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

Process, Gas, End-Use Industry and Region

Geographies Covered

 Asia Pacific, North America, Europe, the Middle East, South America, and Africa

Companies Covered

The major market players include Linde Plc (UK), Air Liquide SA (France), Air Products and Chemicals, Inc. (US), Taiyo Nippon Sanso Corporation (Japan), Messer Group GmbH (Germany), Daesung Industrial Co., Ltd. (South Korea), Air Water Inc. (Japan), Enerflex Ltd. (Canada), Yingde Gases Group Co., Ltd. (Hong Kong), Inox Air Products Private Limited (India), Hangzhou Hangyang Co., Ltd. (China), Universal Industrial Gases, Inc. (US), Nikkiso Cosmodyne, LLC. (US) and others.

This research report categorizes the air separation plant market based on process, gas, end-use industry, and region.

Based on the process, the air separation plant market has been segmented as follows:
  • Cryogenic
  • Non-Cryogenic
Based on gas, the air separation plant market has been segmented as follows:
Based on the end-use industry, the air separation plant market has been segmented as follows:
Based on the region, the air separation plant market has been segmented as follows:
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific (Malaysia, Thailand, and Taiwan)
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (Russia, Ukraine, Poland, and Belgium)
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • Oman
    • Rest of the Middle East (Algeria and Egypt)
  • North America
    • US
    • Canada
    • Mexico
  • Africa
    • South Africa
    • Rest of Africa
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America (Peru, Colombia, and Venezuela)

Recent Developments

  • In January 2023, Linde Plc acquired remaining interests in NexAir, LLC to expand its presence in US.
  • In May 2023, Air Products and Chemicals Inc. signed an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC to acquire, own, and operate an industrial gas complex.
  • In February 2021, Air Liquide and BASF signed a new long-term contract for the supply of oxygen and nitrogen.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
          TABLE 1 AIR SEPARATION PLANT MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
          TABLE 2 AIR SEPARATION PLANT MARKET, BY GAS: INCLUSIONS & EXCLUSIONS
          TABLE 3 AIR SEPARATION PLANT MARKET, BY PROCESS: INCLUSIONS & EXCLUSIONS
          TABLE 4 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE 
           1.4.1 AIR SEPARATION PLANT MARKET SEGMENTATION
                    FIGURE 1 AIR SEPARATION PLANT MARKET: SEGMENTATION
           1.4.2 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA 
          FIGURE 2 AIR SEPARATION PLANT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Companies participating in primary research
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 BASE NUMBER CALCULATION 
           2.2.1 SUPPLY-SIDE APPROACH
           2.2.2 DEMAND-SIDE APPROACH
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 RECESSION IMPACT 
    2.5 DATA TRIANGULATION 
          FIGURE 3 DATA TRIANGULATION METHOD
    2.6 ASSUMPTIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    TABLE 5 AIR SEPARATION PLANT MARKET SNAPSHOT, 2023 & 2028
    FIGURE 4 CRYOGENIC SEGMENT ACCOUNTED FOR LARGEST SHARE OF AIR SEPARATION PLANT MARKET IN 2022
    FIGURE 5 NITROGEN SEGMENT DOMINATED AIR SEPARATION PLANT MARKET IN 2022
    FIGURE 6 IRON & STEEL END-USE INDUSTRY COMMANDED MAJOR SHARE OF AIR SEPARATION PLANT MARKET IN 2022
    FIGURE 7 ASIA PACIFIC TO RECORD HIGHEST GROWTH IN AIR SEPARATION PLANT MARKET FROM 2023 TO 2028
 
4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GLOBAL AIR SEPARATION PLANT MARKET 
          FIGURE 8 NEED FOR INDUSTRIAL GASES AND MEDICAL OXYGEN TO DRIVE MARKET GROWTH
    4.2 ASIA PACIFIC AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY AND COUNTRY 
          FIGURE 9 CHINA ESTIMATED TO BE LARGEST AIR SEPARATION PLANT MARKET IN 2022
    4.3 AIR SEPARATION PLANT MARKET, MAJOR COUNTRIES 
          FIGURE 10 ASIA PACIFIC TO OFFER LUCRATIVE GROWTH OPPORTUNITIES DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION 
          FIGURE 11 GAS SUPPLY MODES
    5.2 MARKET DYNAMICS 
          FIGURE 12 AIR SEPARATION PLANT MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for industrial gases from dynamic manufacturing sectors
                                FIGURE 13 GLOBAL STEEL PRODUCTION, 2016–2021
                                FIGURE 14 GLOBAL USERS OF CONSUMER ELECTRONIC PRODUCTS, 2016–2021
                    5.2.1.2 Increased demand from healthcare and medical applications
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost associated with fabrication and operation
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Transition to green technologies
                    5.2.3.2 Demand for industrial oxygen in Africa
                    5.2.3.3 Emerging applications in glass, gasification, and gas-to-liquid industries
           5.2.4 CHALLENGES
                    5.2.4.1 Development of affordable and more effective technologies
                    5.2.4.2 Hazards associated with cryogenic air separation technology
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 15 PORTER’S FIVE FORCES ANALYSIS: AIR SEPARATION PLANT MARKET
          TABLE 6 PORTER’S FIVE FORCES ANALYSIS: AIR SEPARATION PLANT MARKET
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
 
6 INDUSTRY TRENDS (Page No. - 68)
    6.1 PATENT ANALYSIS 
           6.1.1 METHODOLOGY
           6.1.2 PATENT PUBLICATION TRENDS
                    FIGURE 16 NUMBER OF PATENTS YEAR-WISE (2014–2022)
           6.1.3 INSIGHT
           6.1.4 JURISDICTION ANALYSIS
                    FIGURE 17 CHINA ACCOUNTED FOR HIGHEST PATENT COUNT DURING 2014-2022
           6.1.5 TOP COMPANIES/APPLICANTS
                    FIGURE 18 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
                    6.1.5.1 Major patents
    6.2 REGULATORY LANDSCAPE 
          TABLE 7 STANDARD DESIGN RECOMMENDATIONS FOR EQUIPMENT USED IN CRYOGENIC PROCESSES
           6.2.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.3 KEY CONFERENCES AND EVENTS, 2023 
          TABLE 8 AIR SEPARATION PLANT MARKET: KEY CONFERENCES AND EVENTS
    6.4 SUPPLY CHAIN ANALYSIS 
          FIGURE 19 SUPPLY CHAIN ANALYSIS OF AIR SEPARATION PLANT MARKET
          TABLE 9 COMPANIES INVOLVED IN SUPPLY CHAIN OF AIR SEPARATION PLANT MARKET
    6.5 VALUE CHAIN ANALYSIS 
          FIGURE 20 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING MANUFACTURING PROCESS
    6.6 CASE STUDY ANALYSIS 
           6.6.1 INDUSTRIAL
                    6.6.1.1 Hangzhou Hangyang Co., Ltd. helps Zhongxin Nenghua Technology Co., Ltd. to design deep cryogenic separation device
                    6.6.1.2 Linde plc agrees to supply nitrogen, oxygen, and compressed air to BorsodChem Zrt.
                    6.6.1.3 Air Products and Chemicals, Inc. to construct coal-to-methanol production facility in Indonesia
           6.6.2 CHEMICAL
                    6.6.2.1 Air Liquide to provide gaseous oxygen, nitrogen, and syngas to Eastman Chemical Company
                    6.6.2.2 Air Products and Chemicals, Inc. announces buy-back of ASUs from Shanxi Jinmei Huayu Coal Chemical Co., Ltd.
           6.6.3 FOOD & BEVERAGES
                    6.6.3.1 Linde plc supplies nitrogen and oxygen for MEGlobal’s new ethylene glycol plant
           6.6.4 GLASS & CERAMICS
                    6.6.4.1 Messer Group GmbH to construct air separation unit for Saint-Gobain Isover AG
           6.6.5 ELECTRONICS & SEMICONDUCTOR
                    6.6.5.1 Linde plc to provide high purity on-site plants in Taiwan
                    6.6.5.2 Linde plc sets up high purity nitrogen generator for leading Chinese semiconductor manufacturer
                    6.6.5.3 Linde plc provides new air separation unit for Samsung
                    6.6.5.4 Air Products and Chemicals, Inc. sets up first cryogenic nitrogen separation plant in Malaysia
           6.6.6 HEALTHCARE
                    6.6.6.1 Air Liquide China builds ASU to meet increasing demand for medical gases
    6.7 B2B MARKETING CHANNELS – COMPARATIVE ANALYSIS 
          TABLE 10 TYPES OF DISTRIBUTION CHANNELS
          FIGURE 21 MARKETING CHANNELS USED BY COMPANIES IN AIR SEPARATION PLANT MARKET
           6.7.1 CASE STUDY – LINDE PLC USES MULTIPLE MARKETING CHANNELS TO INCREASE FOOTPRINT
    6.8 PARTNERSHIPS 
          FIGURE 22 GLOBAL PARTNER PRESENCE IN AIR SEPARATION PLANT MARKET
          TABLE 11 PARTNER COMPANIES OF MAJOR AIR SEPARATION PLANT MANUFACTURERS
    6.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 23 REVENUE SHIFT & NEW REVENUE POCKETS FOR AIR SEPARATION PLANT MANUFACTURERS
    6.10 ECOSYSTEM 
           FIGURE 24 ECOSYSTEM MAP FOR AIR SEPARATION PLANT MARKET
    6.11 TECHNOLOGY ANALYSIS 
           6.11.1 BASIC AIR SEPARATION PLANT COMPONENTS
                    6.11.1.1 Main Air Compressor (MAC)
                    6.11.1.2 Pre-purification Unit (PPU)
                    6.11.1.3 Cold box
                    6.11.1.4 Expander
           6.11.2 CRYOGENIC DISTILLATION
           6.11.3 PRESSURE SWING ADSORPTION
           6.11.4 MEMBRANE SEPARATION
    6.12 IMPORT & EXPORT TRADE ANALYSIS 
           FIGURE 25 GLOBAL TRADE ROUTES FOR AIR SEPARATION PLANTS
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE END-USE INDUSTRIES
                     TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE END-USE INDUSTRIES (%)
           6.13.2 BUYING CRITERIA
                     FIGURE 27 KEY BUYING CRITERIA, BY END-USE INDUSTRY
                     TABLE 13 KEY BUYING CRITERIA, BY END-USE INDUSTRY
 
7 AIR SEPARATION PLANT MARKET, BY PROCESS (Page No. - 104)
    7.1 INTRODUCTION 
          FIGURE 28 AIR SEPARATION PLANT MARKET, BY PROCESS, 2023 & 2028 (USD MILLION)
          TABLE 14 AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
          TABLE 15 AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
    7.2 CRYOGENIC 
           7.2.1 INCREASING DEMAND FOR GASES FOR INDUSTRIAL ACTIVITIES TO DRIVE SEGMENT
                    TABLE 16 CRYOGENIC: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 17 CRYOGENIC: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 NON-CRYOGENIC 
           7.3.1 COST-EFFECTIVENESS AND EASY START-UP FEATURES TO FUEL DEMAND
                    7.3.1.1 Pressure swing adsorption (PSA)
                    7.3.1.2 Vacuum pressure swing adsorption (VPSA)
                    7.3.1.3 Membrane separation
                                TABLE 18 NON-CRYOGENIC: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                                TABLE 19 NON-CRYOGENIC: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 AIR SEPARATION PLANT MARKET, BY GAS (Page No. - 110)
    8.1 INTRODUCTION 
          FIGURE 29 AIR SEPARATION PLANT MARKET, BY GAS, 2023 & 2028 (USD MILLION)
          TABLE 20 AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
          TABLE 21 AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
    8.2 NITROGEN 
           8.2.1 USE IN BLANKETING AND INERTING ACROSS MULTIPLE END-USE INDUSTRIES TO BOOST DEMAND
                    TABLE 22 NITROGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 23 NITROGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 OXYGEN 
           8.3.1 RISING NEED FOR MEDICAL OXYGEN TO FUEL SEGMENT GROWTH
                    TABLE 24 OXYGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 25 OXYGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 ARGON 
           8.4.1 WIDE USAGE IN INDUSTRIAL AND ELECTRONICS APPLICATIONS TO DRIVE DEMAND
                    TABLE 26 ARGON: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 27 ARGON: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 OTHERS 
          TABLE 28 OTHERS: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
          TABLE 29 OTHERS: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY (Page No. - 118)
    9.1 INTRODUCTION 
          FIGURE 30 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023 & 2028 (USD MILLION)
          TABLE 30 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
          TABLE 31 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    9.2 IRON & STEEL 
           9.2.1 HIGH CONSUMPTION OF GAS IN PRODUCTION PROCESS TO DRIVE MARKET
                    TABLE 32 IRON & STEEL: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 33 IRON & STEEL: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 OIL & GAS 
           9.3.1 USE OF INDUSTRIAL GASES FOR DOWNSTREAM AND UPSTREAM PROCESSES TO BOOST SEGMENT GROWTH
                    9.3.1.1 Upstream
                    9.3.1.2 Downstream
                                TABLE 34 OIL & GAS: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                                TABLE 35 OIL & GAS: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 CHEMICAL 
           9.4.1 RESURGENCE IN GLOBAL CHEMICAL INDUSTRY TO DRIVE DEMAND
                    TABLE 36 CHEMICAL: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 37 CHEMICAL: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 HEALTHCARE 
           9.5.1 INCREASING CONSUMPTION OF MEDICAL GASES TO DRIVE SEGMENT
                    TABLE 38 HEALTHCARE: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
                    TABLE 39 HEALTHCARE: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 OTHERS 
          TABLE 40 OTHER END-USE INDUSTRIES: AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
          TABLE 41 OTHER END-USE INDUSTRIES: AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 AIR SEPARATION PLANT MARKET, BY REGION (Page No. - 127)
     10.1 INTRODUCTION 
             FIGURE 31 GEOGRAPHIC SNAPSHOT: MARKET IN CHINA PROJECTED TO RECORD HIGHEST CAGR (2023–2028)
             TABLE 42 AIR SEPARATION PLANT MARKET, BY REGION, 2016–2022 (USD MILLION)
             TABLE 43 AIR SEPARATION PLANT MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
             10.2.1 ASIA PACIFIC: IMPACT OF RECESSION
                        FIGURE 32 ASIA PACIFIC: AIR SEPARATION PLANT MARKET SNAPSHOT
                        TABLE 44 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 45 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 46 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 47 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 48 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 49 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 50 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 51 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.2.2 CHINA
                        10.2.2.1 Increasing steel production to spur market growth
                                      TABLE 52 CHINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 53 CHINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 54 CHINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 55 CHINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.3 JAPAN
                        10.2.3.1 Demand for industrial gases from manufacturing sector to drive market
                                      TABLE 56 JAPAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 57 JAPAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 58 JAPAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 59 JAPAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.4 INDIA
                        10.2.4.1 Growing metal and construction industries to fuel market growth
                                      TABLE 60 INDIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 61 INDIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 62 INDIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 63 INDIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.5 SOUTH KOREA
                        10.2.5.1 Increasing use of electronic appliances to drive demand
                                      TABLE 64 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 65 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 66 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 67 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.6 AUSTRALIA & NEW ZEALAND
                        10.2.6.1 Demand from iron & steel and healthcare industries to contribute to market growth
                                      TABLE 68 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 69 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 70 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 71 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.7 REST OF ASIA PACIFIC
                        TABLE 72 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 73 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 74 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 75 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             10.3.1 EUROPE: IMPACT OF RECESSION
                        FIGURE 33 EUROPE: AIR SEPARATION PLANT MARKET SNAPSHOT
                        TABLE 76 EUROPE: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 77 EUROPE: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 78 EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 79 EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 80 EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 81 EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 82 EUROPE: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 83 EUROPE: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Rising demand from manufacturing industry to boost market
                                      TABLE 84 GERMANY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 85 GERMANY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 86 GERMANY: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 87 GERMANY: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.3 FRANCE
                        10.3.3.1 Chemical and food & beverage industries to drive demand
                                      TABLE 88 FRANCE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 89 FRANCE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 90 FRANCE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 91 FRANCE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.4 UK
                        10.3.4.1 Demand for medical gases from healthcare industry to drive market
                                      TABLE 92 UK: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 93 UK: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 94 UK: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 95 UK: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.5 ITALY
                        10.3.5.1 Increasing demand from chemical industry to boost market
                                      TABLE 96 ITALY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 97 ITALY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 98 ITALY: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 99 ITALY: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.6 SPAIN
                        10.3.6.1 Increasing industrial activities to drive demand
                                      TABLE 100 SPAIN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 101 SPAIN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 102 SPAIN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 103 SPAIN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.7 REST OF EUROPE
                        TABLE 104 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 105 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 106 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 107 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.4 NORTH AMERICA 
             10.4.1 NORTH AMERICA: IMPACT OF RECESSION
                        FIGURE 34 NORTH AMERICA: AIR SEPARATION PLANT MARKET SNAPSHOT
                        TABLE 108 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 109 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 110 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 111 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 112 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 113 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 114 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 115 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.4.2 US
                        10.4.2.1 Increasing consumption of industrial gases to drive market
                                      TABLE 116 US: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 117 US: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 118 US: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 119 US: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.3 CANADA
                        10.4.3.1 Expansion of oil & gas industry to fuel market growth
                                      TABLE 120 CANADA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 121 CANADA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 122 CANADA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 123 CANADA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.4 MEXICO
                        10.4.4.1 Rising demand from iron & steel industry to drive market
                                      TABLE 124 MEXICO: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 125 MEXICO: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 126 MEXICO: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 127 MEXICO: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.5 MIDDLE EAST 
             10.5.1 MIDDLE EAST: IMPACT OF RECESSION
                        TABLE 128 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 129 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 130 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 131 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 132 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 133 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 134 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 135 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.5.2 UAE
                        10.5.2.1 Growing petrochemical infrastructure to fuel market
                                      TABLE 136 UAE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 137 UAE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 138 UAE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 139 UAE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.3 SAUDI ARABIA
                        10.5.3.1 Growing demand for industrial gases to drive market
                                      TABLE 140 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 141 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 142 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 143 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.4 QATAR
                        10.5.4.1 Demand from manufacturing and healthcare industries to boost market
                                      TABLE 144 QATAR: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 145 QATAR: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 146 QATAR: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 147 QATAR: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.5 KUWAIT
                        10.5.5.1 Use of air separation plants in refineries and petroleum companies to spur demand
                                      TABLE 148 KUWAIT: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 149 KUWAIT: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 150 KUWAIT: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 151 KUWAIT: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.6 OMAN
                        10.5.6.1 Demand from oil & gas and chemical industries to fuel market
                                      TABLE 152 OMAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 153 OMAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 154 OMAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 155 OMAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.7 REST OF MIDDLE EAST
                        TABLE 156 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 157 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 158 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 159 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.6 SOUTH AMERICA 
             10.6.1 SOUTH AMERICA: IMPACT OF RECESSION
                        TABLE 160 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 161 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 162 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 163 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 164 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 165 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 166 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 167 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.6.2 BRAZIL
                        10.6.2.1 Increasing industrialization to spur market growth
                                      TABLE 168 BRAZIL: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 169 BRAZIL: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 170 BRAZIL: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 171 BRAZIL: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.3 ARGENTINA
                        10.6.3.1 Growth of oil & gas industry to boost demand for nitrogen and oxygen
                                      TABLE 172 ARGENTINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 173 ARGENTINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 174 ARGENTINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 175 ARGENTINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.4 CHILE
                        10.6.4.1 Strong economic landscape to drive demand
                                      TABLE 176 CHILE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 177 CHILE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 178 CHILE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 179 CHILE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.5 REST OF SOUTH AMERICA
                        TABLE 180 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 181 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 182 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 183 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.7 AFRICA 
             10.7.1 AFRICA: IMPACT OF RECESSION
                        TABLE 184 AFRICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2022 (USD MILLION)
                        TABLE 185 AFRICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 186 AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 187 AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 188 AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 189 AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 190 AFRICA: AIR SEPARATION PLANT MARKET, BY GAS, 2016–2022 (USD MILLION)
                        TABLE 191 AFRICA: AIR SEPARATION PLANT MARKET, BY GAS, 2023–2028 (USD MILLION)
             10.7.2 SOUTH AFRICA
                        10.7.2.1 Large customer base to drive market
                                      TABLE 192 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                                      TABLE 193 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                                      TABLE 194 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                                      TABLE 195 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.7.3 REST OF AFRICA
                        TABLE 196 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2022 (USD MILLION)
                        TABLE 197 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2023–2028 (USD MILLION)
                        TABLE 198 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION)
                        TABLE 199 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 188)
     11.1 OVERVIEW 
     11.2 KEY PLAYER STRATEGIES 
             TABLE 200 AIR SEPARATION PLANT MANUFACTURERS PURSUE AGREEMENT AND JOINT VENTURE STRATEGIES
     11.3 REVENUE ANALYSIS 
             11.3.1 REVENUE ANALYSIS OF TOP PLAYERS IN AIR SEPARATION PLANT MARKET
                        FIGURE 35 TOP PLAYERS – REVENUE ANALYSIS (2018-2022)
     11.4 MARKET SHARE ANALYSIS: AIR SEPARATION PLANT MARKET (2022) 
             FIGURE 36 RANKING OF TOP 5 PLAYERS IN AIR SEPARATION PLANT MARKET
             FIGURE 37 LINDE PLC HELD LARGEST MARKET SHARE IN 2022
             TABLE 201 AIR SEPARATION PLANT MARKET: DEGREE OF COMPETITION
     11.5 COMPANY FOOTPRINT ANALYSIS 
             TABLE 202 COMPANY INDUSTRY FOOTPRINT
             TABLE 203 COMPANY PROCESS FOOTPRINT
             TABLE 204 COMPANY REGION FOOTPRINT
     11.6 COMPANY EVALUATION QUADRANT, 2022 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                        FIGURE 38 AIR SEPARATION PLANT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022
     11.7 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) MATRIX, 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 DYNAMIC COMPANIES
             11.7.3 RESPONSIVE COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 39 AIR SEPARATION PLANT MARKET: SME COMPETITIVE LEADERSHIP MAPPING, 2022
     11.8 COMPETITIVE BENCHMARKING 
             TABLE 205 AIR SEPARATION PLANT MARKET: KEY STARTUPS/SMES
             TABLE 206 AIR SEPARATION PLANT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIO 
             TABLE 207 AIR SEPARATION PLANT MARKET: DEALS, 2018-2023
             TABLE 208 AIR SEPARATION PLANT MARKET: PRODUCT LAUNCHES, 2018-2023
             TABLE 209 AIR SEPARATION PLANT MARKET: OTHER DEVELOPMENTS, 2018-2023
 
12 COMPANY PROFILES (Page No. - 210)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     12.1 KEY PLAYERS 
             12.1.1 LINDE PLC
                        TABLE 210 LINDE PLC: COMPANY SNAPSHOT
                        FIGURE 40 LINDE PLC: COMPANY SNAPSHOT
             12.1.2 AIR LIQUIDE SA
                        TABLE 211 AIR LIQUIDE SA: COMPANY SNAPSHOT
                        FIGURE 41 AIR LIQUIDE SA: COMPANY SNAPSHOT
             12.1.3 AIR PRODUCTS AND CHEMICALS, INC.
                        TABLE 212 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
                        FIGURE 42 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
             12.1.4 MESSER GROUP GMBH
                        TABLE 213 MESSER GROUP GMBH: COMPANY SNAPSHOT
                        FIGURE 43 MESSER GROUP GMBH: COMPANY SNAPSHOT
             12.1.5 TAIYO NIPPON SANSO CORPORATION
                        TABLE 214 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT
                        FIGURE 44 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT
             12.1.6 DAESUNG INDUSTRIAL CO., LTD.
                        TABLE 215 DAESUNG INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT
                        FIGURE 45 DAESUNG INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT
             12.1.7 AIR WATER INC.
                        TABLE 216 AIR WATER, INC.: COMPANY SNAPSHOT
                        FIGURE 46 AIR WATER INC.: COMPANY SNAPSHOT
             12.1.8 ENERFLEX LTD.
                        TABLE 217 ENERFLEX LTD.: COMPANY SNAPSHOT
                        FIGURE 47 ENERFLEX LTD.: COMPANY SNAPSHOT
             12.1.9 YINGDE GASES GROUP CO., LTD.
                        TABLE 218 YINGDE GASES GROUP CO., LTD.: COMPANY SNAPSHOT
             12.1.10 INOX AIR PRODUCTS PRIVATE LIMITED
                        TABLE 219 INOX AIR PRODUCTS PRIVATE LIMITED: COMPANY SNAPSHOT
             12.1.11 HANGZHOU HANGYANG CO., LTD.
                        TABLE 220 HANGZHOU HANGYANG CO., LTD.: COMPANY SNAPSHOT
     12.2 SME PROFILES 
             12.2.1 SIAD MACCHINE IMPIANTI S.P.A.
                        TABLE 221 SIAD MACCHINE IMPIANTI S.P.A.: COMPANY SNAPSHOT
             12.2.2 UNIVERSAL INDUSTRIAL GASES, INC.
                        TABLE 222 UNIVERSAL INDUSTRIAL GASES, INC.: COMPANY SNAPSHOT
             12.2.3 NIKKISO COSMODYNE, LLC
                        TABLE 223 NIKKISO COSMODYNE, LLC: COMPANY SNAPSHOT
             12.2.4 RANCH CRYOGENICS, INC
                        TABLE 224 RANCH CRYOGENICS, INC: COMPANY SNAPSHOT
             12.2.5 TECHNEX LIMITED
                        TABLE 225 TECHNEX LIMITED: COMPANY SNAPSHOT
             12.2.6 PHOENIX EQUIPMENT CORPORATION
                        TABLE 226 PHOENIX EQUIPMENT CORPORATION: COMPANY SNAPSHOT
             12.2.7 AMCS CORPORATION
                        TABLE 227 AMCS CORPORATION: COMPANY SNAPSHOT
             12.2.8 UNIVERSAL ING. L. & A. BOSCHI PLANTS PRIVATE LIMITED
                        TABLE 228 UNIVERSAL ING. L. & A. BOSCHI PLANTS PRIVATE LIMITED: COMPANY SNAPSHOT
             12.2.9 CHINA NATIONAL AIR SEPARATION PLANT CORPORATION
                        TABLE 229 CHINA NATIONAL AIR SEPARATION PLANT CORPORATION: COMPANY SNAPSHOT
             12.2.10 GAS ENGINEERING, LLC
                        TABLE 230 GAS ENGINEERING, LLC: COMPANY SNAPSHOT
             12.2.11 CRYOTEC ANLAGENBAU GMBH
                        TABLE 231 CRYOTEC ANLAGENBAU GMBH: COMPANY SNAPSHOT
             12.2.12 NOVAIR SAS
                        TABLE 232 NOVAIR SAS: COMPANY SNAPSHOT
             12.2.13 BDMGASPLANTS
                        TABLE 233 BDMGASPLANTS: COMPANY SNAPSHOT
             12.2.14 OXYPLANTS INDIA PVT LTD
                        TABLE 234 OXYPLANTS INDIA PVT LTD: COMPANY SNAPSHOT
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 288)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

 

The study involved four major activities in estimating the current market size of air separation plants. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizes with industry experts across the value chain of air separation plants through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the size of the segments and sub-segments of the market.

Secondary Research

The research methodology used to estimate and forecast the access control market begins with capturing data on the revenues of critical vendors in the market through secondary research. In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; notifications by regulatory bodies; trade directories; and databases. Vendor offerings have also been taken into consideration to determine market segmentation.

Primary Research

The air separation plant market comprises several stakeholders, such as manufacturers, suppliers, associations, and regulatory organizations, in the supply chain. The demand side of this market is characterized by the development of various end-use industries such as iron & steel, oil & gas, chemical, and healthcare, among others. Advancements in technology illustrate the supply side. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Air Separation Plant Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total size of the air separation plant market. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and market were identified through extensive secondary research.
  • The supply chain of the industry and the market size in terms of value were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes studying the key market players’ reports, reviews, newsletters, and extensive interviews for opinions from leaders, such as directors and marketing executives.

Global Air separation plant Market Size: Bottom-Up Approach

Air Separation Plant Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Air separation plant Market Size: Top-Down Approach

Air Separation Plant Market Size, and Share

Data Triangulation

The market was split into several segments and sub-segments after arriving at the overall market size using the market size estimation processes as explained above. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides. It was then verified through primary interviews.

Market Definition

According to the Compressed Gas Association (CGA), air separation plants, or air separation units (ASUs), are industrial equipment/ facilities that produce one or both the most common atmospheric industrial gases, namely, nitrogen and oxygen, and can co-produce liquid products. Some air separation plants also have compressed dry air, argon, ultra-high purity (UHP) oxygen, or, occasionally, rare gases such as neon, krypton, and xenon. Air separation plant products are delivered to customers as gases through local pipelines or regional networks. They are also offered as liquids in bulk liquid trailers or compressed gases in high-pressure cylinders.

Key Stakeholder

  • Carbon Steel, Aluminium, and Copper Suppliers
  • Instrumentation Suppliers
  • Industrial Gas Suppliers
  • Air Separation Plant Component Suppliers
  • European Industrial Gas Association (EIGA), Compressed Gas Association (CGA), Asia Industrial Gas Association (AIGA), American Gas Association (AGA), and Gas Industries Association (GIA)
  • Market Research and Consulting Firms
  • NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms

Report Objectives:

  • To define, describe, and forecast the air separation plant market based on the process, gas, end-use industry, and region.
  • To provide detailed information regarding the key factors influencing the market growth, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the market concerning individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and draw a competitive landscape of the market.
  • To forecast the market size in terms of value for central regions (along with countries), namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
  • To strategically profile critical companies and comprehensively evaluate their market share and core competencies.
  • To analyze competitive developments, such as acquisitions, agreements, contracts, divestments, expansions, investments, joint ventures, mergers, and new product launches, in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

  • Additional country-level analysis of the air separation plant market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.
Custom Market Research Services

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