Air Separation Plant Market

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 Code: CH 4858 Apr, 2021, by marketsandmarkets.com

[284 Pages Report] 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.

Air Separation Plant Market

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COVID-19 Impact on the Global Air Separation Plant Market

The air separation plant market includes major Tier I and II companies like 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 SIAD Macchine Impianti S.p.A. (Italy). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, Middle East, and Africa. COVID-19 has impacted their businesses as well.

The COVID-19 pandemic has resulted in a strong demand for medical oxygen for the treatment of critically ill patients. The COVID-19 induced logistic disruptions resulted in a shortage of medical oxygen across low and middle income countries of the world. This facilitated the strategy of installing on-site medical oxygen plants and generators to overcome shortfalls. As a result, the air separation plant market is witnessing increased demand from the healthcare end-use industry.

  • In March 2020, Lincare, a subsidiary of Linde Plc, played a critical role in caring for patients at home, including patients being tested positive for COVID-19. Lincare is the largest US provider of respiratory care, offering an extensive portfolio of products and services such as Respiratory Therapy, Sleep Therapy, INR Testing, Nebulizer and Respiratory Medications, Enteral Therapy, and Durable Medical Equipment. The company is helping to ease the burden on hospitals across the country by partnering with them to transition patients who are eligible for in-home care, which results in additional hospital capacity for patients requiring critical care.  COVID-19 positive patients have received respiratory services, including oxygen and nebulized respiratory medications, as well as ventilation services.
  • In April 2020, CryopAL, a subsidiary of Air Liquide, handles the manufacturing of the Freelox line of liquid oxygen vessels for medical use. These vessels are primarily used in home healthcare or long-term care facility settings to supply oxygen to patients suffering from respiratory insufficiency. In response to the COVID-19 outbreak, the company tripled its production capacity and prepared to further increase it to meet the needs of the home healthcare services and equip facilities that do not have an existing piped oxygen network. In response to the evolving COVID-19 pandemic in Europe, CryopAL mobilized its resources to increase production capacity for its Freelox vessels. These vessels can hold 32 or 44 liters of liquid oxygen and enable patients to self-monitor their treatment for about a week. Fabricated at its plant in Bussy-Saint-Georges, near Paris, the usual production capacity is around 100 vessels a week. Currently, the capacity has been increased to 300 vessels a week..
  • INOX Air Product Private Limited (INOXAP) has been catering to more than 60% of the total demand for medical oxygen in India. All INOXAP units have been running 24/7 to ensure continuous production and uninterrupted medical oxygen supply to more than 800 hospitals nationwide through a dedicated fleet of 550 transport tanks..

Air Separation Plant Market Dynamics

Drivers: Growing demand for industrial gases from dynamic manufacturing sectors

Global markets have undergone an unprecedented transformation over several decades. Political reforms have fueled the growth of the middle class worldwide and have led to increased disposable income and urbanization. This has led to a rise in consumerism, an idea that increasing consumption of goods and services is always a desirable goal, consumer spending is the key driver of the economy, and encouraging consumers to spend is a major policy goal. Economies such as Brazil, China, India, Mexico, the US, and Germany are laden with industries such as steel production, electronics, petrochemicals, power, chemicals, and food & beverages. The growth of the industrial sector in these countries has led to the demand for utility gases, which are critical components used in the fabrication of goods. This, in turn, is driving the air separation plant market.

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

The air separation process requires a very tight integration of heat exchangers and separation columns to obtain good efficiency. All the energy for refrigeration is provided by the compression of the air at the inlet of the unit. The design of air separation may be influenced by factors like process requirements, economics, and safety. These factors act as a restraint to the growth of the air separation plant market. High energy consumption, sensitivity to environmental conditions, improper component selection, poor maintenance, high cost, and difficulty in fabrication are some of the major problems in some plants.

Demand for industrial oxygen in the African region due to COVID-19

Oxygen is primarily used in the healthcare sector but is also essential to many other industries, such as steelmaking, metals refining and fabrication, chemicals, pharmaceuticals, and petroleum processing. According to Gas World, oxygen is in short supply in developing countries, such as South Africa, Nigeria, and Ghana, and companies are paying 30 times the usual rate to keep critical equipment and projects on track. According to a report published by the Steel and Engineering Federation of South Africa (Seifsa), over 80% of its members currently face disruptions in their manufacturing facilities due to the scarcity of oxygen. Some companies had canceled projects or put them on hold, while others estimated a time of two weeks before their stock of industrial oxygen ran out.

Challenges: Development of affordable as well as effective technologies

Components used in air separation plants such as sensors, detectors, transmitters, and analyzers can be expensive for customers but play an important part in a plant’s operations. Sensitivity, selectivity, stability, cost, and portability are features that customers consider while installing air separation plants. For instance, plants using gas detection devices based on laser and infrared technologies are expensive compared to metal-oxide semiconductor (MOS) and electrochemical devices but offer far better accuracy and reliability than the latter. These devices are designed to meet requirements such as high sensitivity and selectivity but are highly-priced compared to infrared or electrochemical devices. MOS devices require higher operating temperatures and more power, resulting in higher cost and complex configurations than electrochemical or infrared devices. Also, the need for a longer recovery period, lack of selectivity due to economic factors, structural instability, sensor drift, and other detection defects limit their areas of application in the air separation plant.

Based on process, cryogenic process segment is expected to grow at the highest CAGR during the forecast period.

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 expected to be the fastest-growing gas segment of the air separation plant market.

The inert properties of nitrogen make it a good blanketing gas in many applications. Nitrogen blanketing is used to protect flammable or explosive solids and liquids from contact with air. Certain chemicals, surfaces of solids, and stored food products have properties that must be protected from degradation by the effects of atmospheric oxygen and moisture.  This is achieved by keeping these items in a nitrogen-enriched atmosphere.

Among end use industries, the iron & steel segment is projected to grow at the highest CAGR from 2021 to 2026.

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.

Asia Pacific is expected to be the fastest-growing regional segment in the air separation plant market.

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.

APAC SNAPSHOT

Air Separation Plant Market  by Region

Key Market Players

Some of the leading players operating in the air separation plant market include companies like 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 SIAD Macchine Impianti S.p.A. (Italy). These players have contracts, expansions, acquisitions, agreements, new product launches and investment as the major strategies to consolidate their position in the market.

Scope of the report

Report Metric

Details

Market Size Available for Years

2016-2026

Base Year Considered

2020

Forecast Period

2021-2026

Forecast Units

Value (USD million)

Segments Covered

Process, Gas, End Use and Region

Geographies Covered

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

Companies Covered

Some of the leading players operating in the air separation market include like 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), and Hangzhou Hangyang Co., Ltd. (China)

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

Air Separation Plant Market, By Process

  • Cryogenic
  • Non-cryogenic
    • Pressure Swing Adsoprtion
    • Vacuum Pressure Swing Adsorption
    • Membrane Separation

Air Separation Plant Market, By Gas

  • Nitrogen
  • Oxygen
  • Argon
  • Others

Air Separation Plant Market, By End-use Industry

  • Iron & Steel
  • Oil & Gas
  • Chemical
  • Healthcare
  • Others

Air Separation Plant Market, By Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East
  • Africa
  • South America

Recent Developments

  • In February 2021, Air Liquide and BASF signed a new long-term contract for the supply of oxygen and nitrogen to one of BASF’s largest European sites, located in Schwarzheide, Germany. Air Liquide will invest around USD 48 million in the construction of an Air Separation Unit (ASU) at this site for the production of battery materials for mobility. The Group’s Air Separation Unit (ASU) will provide the highest industry standards in safety, efficiency, and reliability. The ASU is planned to be operational in 2023 and will also produce liquid products for the Industrial Merchant market. This new ASU located in the eastern part of Germany will complement Air Liquide’s 23 air gases production plants in the country and will enable the Group to increase the reliable supply of industrial gases to customers in Germany as well as in Poland.
  • In January 2021, Linde Plc signed a long-term agreement with BorsodChem Zrt., the Hungarian chemical company and member of the Wanhua Chemical Group, for the supply of nitrogen, oxygen, and compressed air to its chemical complex in Kazincbarcika. Linde will construct one of the largest air separation units in Hungary, which is expected to be completed by the end of 2021. In addition to supporting BorsodChem's expansion, the plant will provide additional nitrogen, oxygen and compressed air to meet the increasing demand for industrial gases in Hungary and surrounding countries.
  • In July 2020,  Air Products and Chemicals, Inc. signed an agreement with ACWA Power (Saudi Arabia) and NEOM (a developing smart city in Saudi Arabia), worth USD 5 billion for developing a world-scale green hydrogen-based ammonia and nitrogen production facility powered by renewable energy. The project, which will be equally owned by the three partners, will be sited in Tabuk region, located in the north west corner of the Kingdom of Saudi Arabia, and will produce green ammonia for export to global markets. This development will help Air Products in identifying itself as one of the leading players in the green energy sector.

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TABLE OF CONTENT

1 INTRODUCTION (Page No. - 29)
    1.1 OBJECTIVES OF THE STUDY
    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. - 34)
    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 List of participating companies for 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 DATA TRIANGULATION
        FIGURE 3 DATA TRIANGULATION METHOD
    2.5 ASSUMPTIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 43)
  TABLE 5 AIR SEPARATION PLANT MARKET SNAPSHOT, 2021 & 2026
  FIGURE 4 CRYOGENIC PROCESS ACCOUNTED FOR LARGEST SHARE OF AIR SEPARATION PLANT MARKET IN 2020
  FIGURE 5 NITROGEN SEGMENT DOMINATED AIR SEPARATION PLANT MARKET IN 2020
  FIGURE 6 IRON & STEEL COMMANDED MAJOR SHARE OF AIR SEPARATION PLANT MARKET IN 2020
  FIGURE 7 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR AIR SEPARATION PLANTS FROM 2021 TO 2026

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN GLOBAL AIR SEPARATION PLANT MARKET
        FIGURE 8 NEED FOR INDUSTRIAL GASES AND MEDICAL OXYGEN DRIVE GROWTH OF THIS MARKET
    4.2 AIR SEPARATION PLANT MARKET, BY GAS
        FIGURE 9 NITROGEN SEGMENT PROJECTED TO GROW FASTEST FROM 2021 TO 2026
    4.3 ASIA PACIFIC AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY AND COUNTRY
        FIGURE 10 CHINA ESTIMATED TO BE LARGEST AIR SEPARATION PLANT MARKET IN 2021
    4.4 AIR SEPARATION PLANT MARKET, MAJOR COUNTRIES
        FIGURE 11 ASIA PACIFIC OFFERS LUCRATIVE GROWTH OPPORTUNITIES DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
        FIGURE 12 GAS SUPPLY MODES
    5.2 MARKET SEGMENTATION
        TABLE 6 AIR SEPARATION PLANT MARKET, BY PROCESS
        TABLE 7 AIR SEPARATION PLANT MARKET, BY GAS
        TABLE 8 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY
    5.3 MARKET DYNAMICS
        FIGURE 13 AIR SEPARATION PLANT MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Growing demand for industrial gases from dynamic manufacturing sectors
                            FIGURE 14 GLOBAL STEEL PRODUCTION, 2015–2020
                            FIGURE 15 GLOBAL USERS OF CONSUMER ELECTRONIC PRODUCTS, 2016–2021
                    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
        FIGURE 16 PORTER’S FIVE FORCES ANALYSIS: AIR SEPARATION PLANT MARKET
        TABLE 9 PORTER’S FIVE FORCES ANALYSIS: AIR SEPARATION PLANT MARKET
           5.4.1 THREAT OF NEW ENTRANTS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 BARGAINING POWER OF SUPPLIERS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 SUPPLY CHAIN ANALYSIS
        FIGURE 17 SUPPLY CHAIN ANALYSIS OF AIR SEPARATION PLANT MARKET
        TABLE 10 COMPANIES INVOLVED IN SUPPLY CHAIN OF AIR SEPARATION PLANT MARKET
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 18 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING MANUFACTURING PROCESS
           5.6.1 PROMINENT COMPANIES
           5.6.2 SMALL & MEDIUM ENTERPRISES
    5.7 CASE STUDY ANALYSIS
           5.7.1 INDUSTRIAL
                    5.7.1.1 Hangzhou Hangyang Co., Ltd. signed agreement with Zhongxin Nenghua Technology Co., Ltd. to design & procure coal-to-gas eep cryogenic separation device for coal-to-gas separation
                    5.7.1.2 Linde plc signed agreement with BorsodChem Zrt. for the supply of nitrogen, oxygen, and compressed air
                    5.7.1.3 Air Products and Chemicals, Inc. announced agreement to construct coal-to-methanol production facility in Indonesia for Bakrie Group and PT. Ithaca Resource
           5.7.2 CHEMICAL
                    5.7.2.1 Air Liquide announced agreement with Eastman Chemical Company to provide gaseous oxygen, nitrogen, and syngas, supporting Eastman’s growth and production in US
                    5.7.2.2 Air Products and Chemicals, Inc. announced buy-back of two air separation units and long-term gas supply to Shanxi Jinmei Huayu Coal Chemical Co., Ltd.
           5.7.3 FOOD & BEVERAGES
                    5.7.3.1 Linde plc announced agreement to supply nitrogen and oxygen to MEGlobal’s new ethylene glycol (EG) plant in Texas
           5.7.4 GLASS & CERAMICS
                    5.7.4.1 Messer Group GmbH announced investment to construct air separation unit for Saint-Gobain Isover AG
           5.7.5 ELECTRONICS & SEMICONDUCTOR
                    5.7.5.1 Linde plc announced agreement with major electronics company in Taiwan for provision of high purity nitrogen, oxygen, and argon on-site plants
                    5.7.5.2 Linde plc announced the start-up of new SPECTRA high purity nitrogen generator for leading semiconductor manufacturer in China
                    5.7.5.3 Linde plc announced the start-up of new air separation unit to supply 700 TPD of gaseous nitrogen to support Samsung in South Korea
                    5.7.5.4 Air Products and Chemicals, Inc. announced start-up of its first cryogenic nitrogen separation plant in Malaysia for electrical and electronics industry
           5.7.6 HEALTHCARE
                    5.7.6.1 Air Liquide China, Air Liquide SA’s subsidiary, will invest around USD 70 million to build Air Separation Unit (ASU) in China to cater to increasing demand from hospitals
    5.8 B2B MARKETING CHANNELS – COMPARATIVE ANALYSIS
        TABLE 11 DETAILS ON DIFFERENT DISTRIBUTION CHANNELS
        FIGURE 19 MARKETING CHANNELS USED BY COMPANIES OF THE AIR SEPARATION PLANT MARKET
           5.8.1 CASE STUDY – LINDE PLC
    5.9 PARTNERSHIPS
        FIGURE 20 GLOBAL PARTNER PRESENCE IN AIR SEPARATION PLANT MARKET
        TABLE 12 LIST OF PARTNER COMPANIES OF MAJOR PLAYERS OF THE AIR SEPARATION PLANT MANUFACTURERS
    5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
         FIGURE 21 REVENUE SHIFT & NEW REVENUE POCKETS FOR AIR SEPARATION PLANT MANUFACTURERS
    5.11 ECOSYSTEM FOR AIR SEPARATION PLANT MARKET
         FIGURE 22 ECOSYSTEM MARKET MAP FOR AIR SEPARATION PLANT MARKET
    5.12 PATENT ANALYSIS
           5.12.1 INTRODUCTION
                  FIGURE 23 PUBLICATION TRENDS (2011–2020)
           5.12.2 INSIGHTS
                  FIGURE 24 TREND ANALYSIS
           5.12.3 TOP ASSIGNEES
    5.13 TECHNOLOGY ANALYSIS
           5.13.1 BASIC AIR SEPARATION PLANT COMPONENTS
                    5.13.1.1 Main Air Compressor (MAC)
                    5.13.1.2 Prepurifier Unit (PPU)
                    5.13.1.3 Cold box
                    5.13.1.4 Expander
           5.13.2 CRYOGENIC DISTILLATION
           5.13.3 PRESSURE SWING ADSORPTION
           5.13.4 MEMBRANE SEPARATION
    5.14 IMPORT & EXPORT TRADE ANALYSIS
         FIGURE 25 GLOBAL TRADE ROUTES FOR AIR SEPARATION PLANTS
    5.15 REGULATORY LANDSCAPE
         TABLE 13 STANDARD DESIGN RECOMMENDATIONS FOR EQUIPMENT USED IN CRYOGENIC PROCESSES
    5.16 MACROECONOMIC INDICATORS
           5.16.1 ELECTRONICS INDUSTRY
                  FIGURE 26 PRODUCTION BY GLOBAL ELECTRONICS AND IT INDUSTRIES (USD MILLION)
           5.16.2 HEALTHCARE INDUSTRY
                  FIGURE 27 HEALTHCARE SPENDING, 2019
           5.16.3 MANUFACTURING INDUSTRY
                  FIGURE 28 ANNUAL GROWTH RATE OF WORLD MANUFACTURING OUTPUT
           5.16.4 OIL & GAS INDUSTRY
                  TABLE 14 GLOBAL OIL & GAS PRICES, USD/BBL (2016–2020)
                  FIGURE 29 GLOBAL OIL DEMAND GROWTH (2016–2021)

6 AIR SEPARATION PLANT MARKET, BY PROCESS (Page No. - 94)
    6.1 INTRODUCTION
        FIGURE 30 AIR SEPARATION PLANT MARKET, BY PROCESS, 2021 & 2026 (USD MILLION)
        TABLE 15 AIR SEPARATION PLANT MARKET, BY PROCESS, 2016-2026 (USD MILLION)
    6.2 CRYOGENIC
           6.2.1 INCREASING DEMAND FOR GASES FOR INDUSTRIAL ACTIVITIES DRIVES CRYOGENIC SEGMENT
                 TABLE 16 CRYOGENIC AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    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
                            TABLE 17 NON-CRYOGENIC AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)

7 AIR SEPARATION PLANT MARKET, BY GAS (Page No. - 99)
    7.1 INTRODUCTION
           7.1.1 COVID-19 IMPACT ON GAS SEGMENT
                 FIGURE 31 AIR SEPARATION PLANT MARKET, BY GAS, 2021 & 2026 (USD MILLION)
                 TABLE 18 AIR SEPARATION PLANT MARKET, BY GAS, 2016-2026 (USD MILLION)
    7.2 NITROGEN
           7.2.1 USE IN BLANKETING AND INERTING ACROSS MULTIPLE END-USE INDUSTRIES BOOSTS DEMAND FOR NITROGEN
                 TABLE 19 NITROGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    7.3 OXYGEN
           7.3.1 NEED FOR MEDICAL OXYGEN FOR TREATMENT OF COVID-19 PATIENTS FUELS SEGMENT GROWTH
                 TABLE 20 OXYGEN: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    7.4 ARGON
           7.4.1 ARGON WIDELY USED IN INDUSTRIAL AND ELECTRONICS APPLICATIONS
                 TABLE 21 ARGON: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    7.5 OTHERS
        TABLE 22 OTHERS: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)

8 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY (Page No. - 105)
    8.1 INTRODUCTION
        FIGURE 32 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2021 & 2026 (USD MILLION)
        TABLE 23 AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016-2026 (USD MILLION)
    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
                 TABLE 24 IRON & STEEL: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    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
                 TABLE 25 OIL & GAS: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    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
                 TABLE 26 CHEMICAL: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    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
                 TABLE 27 HEALTHCARE: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)
    8.6 OTHERS
           8.6.1 COVID-19 IMPACT ON OTHER INDUSTRIES
                 TABLE 28 OTHER END-USE INDUSTRIES: AIR SEPARATION PLANT MARKET, BY REGION, 2016-2026 (USD MILLION)

9 AIR SEPARATION PLANT MARKET, BY REGION (Page No. - 114)
    9.1 INTRODUCTION
        FIGURE 33 GEOGRAPHIC SNAPSHOT: MARKET IN CHINA PROJECTED TO GROW AT HIGHEST CAGR (2021–2026)
        TABLE 29 AIR SEPARATION PLANT MARKET, BY REGION, 2016–2026 (USD MILLION)
    9.2 ASIA PACIFIC
        FIGURE 34 ASIA PACIFIC: AIR SEPARATION PLANT MARKET SNAPSHOT
        TABLE 30 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 31 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 32 ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.1 CHINA
                    9.2.1.1 China accounted for largest market share in Asia Pacific
                    9.2.1.2 COVID-19 Impact on China
                            TABLE 33 CHINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 34 CHINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.2 JAPAN
                    9.2.2.1 Demand for industrial gases for manufacturing to drive market in Japan
                    9.2.2.2 COVID-19 impact on Japan
                            TABLE 35 JAPAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 36 JAPAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.3 INDIA
                    9.2.3.1 Increasing consumption of iron & steel in infrastructure development fuels market growth in India
                    9.2.3.2 COVID-19 impact on India
                            TABLE 37 INDIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 38 INDIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.4 SOUTH KOREA
                    9.2.4.1 Use of gases in industrial applications to lead market growth in South Korea
                    9.2.4.2 COVID-19 impact on South Korea
                            TABLE 39 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 40 SOUTH KOREA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.5 AUSTRALIA & NEW ZEALAND
                    9.2.5.1 Demand from iron & steel, healthcare, and food industries contribute to growth of market in Australia & New Zealand
                    9.2.5.2 COVID-19 impact on Australia & New Zealand
                            TABLE 41 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 42 AUSTRALIA & NEW ZEALAND: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.2.6 REST OF ASIA PACIFIC
                    9.2.6.1 COVID-19 impact on Rest of Asia Pacific
                            TABLE 43 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 44 REST OF ASIA PACIFIC: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
    9.3 NORTH AMERICA
        FIGURE 35 NORTH AMERICA: AIR SEPARATION PLANT MARKET SNAPSHOT
        TABLE 45 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 46 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 47 NORTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.3.1 US
                    9.3.1.1 US holds largest market share in North America
                    9.3.1.2 Impact of COVID-19 on the US
                            TABLE 48 US: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 49 US: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.3.2 CANADA
                    9.3.2.1 Oil & gas industry to provide strong impetus to market growth in Canada
                    9.3.2.2 COVID-19 impact on Canada
                            TABLE 50 CANADA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 51 CANADA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.3.3 MEXICO
                    9.3.3.1 Consumption in iron & steel drives market in Mexico
                    9.3.3.2 COVID-19 impact on Mexico
                            TABLE 52 MEXICO: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 53 MEXICO: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
    9.4 EUROPE
        FIGURE 36 EUROPE: AIR SEPARATION PLANT MARKET SNAPSHOT
        TABLE 54 EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 55 EUROPE: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 56 EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.1 GERMANY
                    9.4.1.1 Germany holds largest market share in Europe
                    9.4.1.2 COVID-19 impact on Germany
                            TABLE 57 GERMANY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 58 GERMANY: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.2 FRANCE
                    9.4.2.1 Market in France boosted by demand from chemical and food & beverage industries
                    9.4.2.2 Impact of COVID-19 on France
                            TABLE 59 FRANCE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 60 FRANCE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.3 UK
                    9.4.3.1 Demand for medical gases from healthcare industry expected to drive market in UK
                    9.4.3.2 COVID-19 impact on the UK
                            TABLE 61 UK: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 62 UK: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.4 ITALY
                    9.4.4.1 Increasing demand for iron & steel products for automobiles drives market in Italy
                    9.4.4.2 COVID-19 impact on Italy
                            TABLE 63 ITALY: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 64 ITALY AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.5 SPAIN
                    9.4.5.1 Infrastructure development expected to drive demand for air separation plants in Spain
                    9.4.5.2 COVID-19 impact on Spain
                            TABLE 65 SPAIN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 66 SPAIN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.4.6 REST OF EUROPE
                    9.4.6.1 COVID-19 impact on Rest of Europe
                            TABLE 67 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 68 REST OF EUROPE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
    9.5 MIDDLE EAST
        TABLE 69 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 70 MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 71 MIDDLE EAST AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.1 UAE
                    9.5.1.1 UAE holds largest market share in Middle East
                    9.5.1.2 COVID-19 impact on UAE
                            TABLE 72 UAE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 73 UAE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.2 SAUDI ARABIA
                    9.5.2.1 Need for industrial gases from iron & steel and oil & gas industries drives market in Saudi Arabia
                    9.5.2.2 COVID-19 impact on Saudi Arabia
                            TABLE 74 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 75 SAUDI ARABIA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.3 QATAR
                    9.5.3.1 Demand from manufacturing and healthcare boost market in Qatar
                    9.5.3.2 COVID-19 impact on Qatar
                            TABLE 76 QATAR: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 77 QATAR: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.4 KUWAIT
                    9.5.4.1 Use of air separation plants in refineries and petroleum production to spur demand in Kuwait
                    9.5.4.2 COVID-19 impact in Kuwait
                            TABLE 78 KUWAIT: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 79 KUWAIT: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.5 OMAN
                    9.5.5.1 Use in oil & gas and chemical production to fuel demand for air separation plant in Oman
                    9.5.5.2 COVID-19 impact on Oman
                            TABLE 80 OMAN: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 81 OMAN: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.5.6 REST OF MIDDLE EAST
                    9.5.6.1 COVID-19 impact in Rest of Middle East
                            TABLE 82 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 83 REST OF MIDDLE EAST: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
    9.6 SOUTH AMERICA
        TABLE 84 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 85 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 86 SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.6.1 BRAZIL
                    9.6.1.1 Brazil to be largest and fastest country market in South America
                    9.6.1.2 COVID-19 Impact on Brazil
                            TABLE 87 BRAZIL: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 88 BRAZIL: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.6.2 ARGENTINA
                    9.6.2.1 Growth of oil & gas industry to spur demand for nitrogen and oxygen in Argentina
                    9.6.2.2 COVID-19 Impact on Argentina
                            TABLE 89 ARGENTINA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 90 ARGENTINA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.6.3 CHILE
                    9.6.3.1 Favorable government policies and increasing manufacturing activities boost market in Chile
                    9.6.3.2 COVID-19 Impact on Chile
                            TABLE 91 CHILE: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 92 CHILE: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.6.4 REST OF SOUTH AMERICA
                    9.6.4.1 COVID-19 Impact on Rest of South America
                            TABLE 93 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 94 REST OF SOUTH AMERICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
    9.7 AFRICA
        TABLE 95 AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
        TABLE 96 AFRICA: AIR SEPARATION PLANT MARKET, BY COUNTRY, 2016–2026 (USD MILLION)
        TABLE 97 AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.7.1 SOUTH AFRICA
                    9.7.1.1 Growing iron & steel and electronics industries fuel demand for nitrogen and oxygen in South Africa
                    9.7.1.2 COVID-19 impact on South Africa
                            TABLE 98 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 99 SOUTH AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)
           9.7.2 REST OF AFRICA
                    9.7.2.1 COVID-19 impact on Rest of Africa
                            TABLE 100 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY PROCESS, 2016–2026 (USD MILLION)
                            TABLE 101 REST OF AFRICA: AIR SEPARATION PLANT MARKET, BY END-USE INDUSTRY, 2016–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 164)
     10.1 OVERVIEW
          FIGURE 37 COMPANIES ADOPTED ORGANIC AND INORGANIC GROWTH STRATEGIES DURING THE REVIEW PERIOD ( 2017 – MARCH 2021)
     10.2 MARKET EVALUATION FRAMEWORK
          FIGURE 38 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
                    FIGURE 39 TOP 5 PLAYERS IN AIR SEPARATION PLANT MARKET (2020)
                    TABLE 102 AIR SEPARATION PLANT MARKET: DEGREE OF COMPETITION
                    FIGURE 40 LINDE PLC CAPTURED LARGEST SHARE IN AIR SEPARATION PLANT MARKET IN 2020
             10.3.2 REVENUE ANALYSIS OF TOP PLAYERS IN AIR SEPARATION PLANT MARKET
          FIGURE 41 TOP 5 PLAYERS – REVENUE ANALYSIS (2017-2020)
     10.4 COMPANY EVALUATION MATRIX, 2020
             10.4.1 STAR
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANTS
                    FIGURE 42 AIR SEPARATION PLANT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     10.5 COMPETITIVE BENCHMARKING
             10.5.1 STRENGTH OF PRODUCT PORTFOLIO
                    FIGURE 43 PRODUCT PORTFOLIO OF TOP PLAYERS IN AIR SEPARATION PLANT MARKET
             10.5.2 BUSINESS STRATEGY EXCELLENCE
                    FIGURE 44 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN AIR SEPARATION PLANT MARKET
     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
                    FIGURE 45 AIR SEPARATION PLANT MARKET: SME COMPETITIVE LEADERSHIP MAPPING, 2020
                    TABLE 103 COMPANY INDUSTRY FOOTPRINT
                    TABLE 104 COMPANY PROCESS FOOTPRINT
                    TABLE 105 COMPANY REGION FOOTPRINT
                    TABLE 106 COMPANY OVERALL FOOTPRINT
     10.7 KEY MARKET DEVELOPMENTS
          TABLE 107 AIR SEPARATION PLANT MARKET: NEW PRODUCT, JANUARY 2017 – MARCH 2021
          TABLE 108 AIR SEPARATION PLANT MARKET: DEALS, JANUARY 2017 – MARCH 2021
          TABLE 109 AIR SEPARATION PLANT MARKET: OTHERS, JANUARY 2017 – MARCH 2021

11 COMPANY PROFILES (Page No. - 202)
     11.1 KEY PLAYERS
(Business Overview, Financial assessment, Operational assessment, Products offered, Recent Developments, SWOT Analysis, COVID-19 related developments, Winning imperatives, Current strategies, MnM view, right to win)*
             11.1.1 LINDE PLC
                    TABLE 110 LINDE PLC: COMPANY SNAPSHOT
                    FIGURE 46 LINDE PLC: COMPANY SNAPSHOT
     1.1.2 AIR LIQUIDE SA
                    TABLE 111 AIR LIQUIDE SA: COMPANY SNAPSHOT
                    FIGURE 47 AIR LIQUIDE SA: COMPANY SNAPSHOT
             11.1.3 AIR PRODUCTS AND CHEMICALS, INC.
                    TABLE 112 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
                    FIGURE 48 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
             11.1.4 MESSER GROUP GMBH
                    TABLE 113 MESSER GROUP GMBH: COMPANY SNAPSHOT
                    FIGURE 49 MESSER GROUP GMBH: COMPANY SNAPSHOT
             11.1.5 TAIYO NIPPON SANSO CORPORATION
                    TABLE 114 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT
                    FIGURE 50 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT
             11.1.6 DAESUNG INDUSTRIAL CO., LTD.
                    TABLE 115 DAESUNG INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT
                    FIGURE 51 DAESUNG INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT
             11.1.7 AIR WATER INC.
                    TABLE 116 AIR WATER, INC.: COMPANY SNAPSHOT
                    FIGURE 52 AIR WATER INC.: COMPANY SNAPSHOT
             11.1.8 ENERFLEX LTD.
                    TABLE 117 ENERFLEX LTD.: COMPANY SNAPSHOT
                    FIGURE 53 ENERFLEX LTD.: COMPANY SNAPSHOT
             11.1.9 YINGDE GASES GROUP CO., LTD.
                    TABLE 118 YINGDE GASES GROUP CO., LTD.: COMPANY SNAPSHOT
     11.2 SME PROFILES
             11.2.1 INOX AIR PRODUCTS PRIVATE LIMITED
                    TABLE 119 INOX AIR PRODUCTS PRIVATE LIMITED: COMPANY SNAPSHOT
             11.2.2 HANGZHOU HANGYANG CO., LTD.
                    TABLE 120 HANGZHOU HANGYANG CO., LTD.: COMPANY SNAPSHOT
             11.2.3 UNIVERSAL INDUSTRIAL GASES, INC.
                    TABLE 121 UNIVERSAL INDUSTRIAL GASES, INC.: COMPANY SNAPSHOT
             11.2.4 NIKKISO COSMODYNE, LLC
                    TABLE 122 NIKKISO COSMODYNE, LLC: COMPANY SNAPSHOT
             11.2.5 SIAD MACCHINE IMPIANTI S.P.A.
                    TABLE 123 SIAD MACCHINE IMPIANTI S.P.A.: COMPANY SNAPSHOT
     11.3 OTHER COMPANIES
             11.3.1 RANCH CRYOGENICS, INC.
                        11.3.1.1 COVID-19 related developments
             11.3.2 TECHNEX LIMITED
                        11.3.2.1 COVID-19 related developments
             11.3.3 PHOENIX EQUIPMENT CORPORATION
                        11.3.3.1 COVID-19 related developments
             11.3.4 AMCS CORPORATION
                        11.3.4.1 COVID-19 related developments
             11.3.5 UNIVERSAL ING. L. & A. BOSCHI PLANTS PRIVATE LIMITED
                        11.3.5.1 COVID-19 related developments
             11.3.6 CHINA NATIONAL AIR SEPARATION PLANT CORPORATION
                        11.3.6.1 COVID-19 related developments
             11.3.7 GAS ENGINEERING, LLC
                        11.3.7.1 COVID-19 related developments
             11.3.8 CRYOTEC ANLAGENBAU GMBH
                        11.3.8.1 COVID-19 related developments
             11.3.9 NOVAIR SAS
                        11.3.9.1 COVID-19 related developments

*Details on Financial assessment, Operational assessment, Products offered, Recent Developments, SWOT Analysis, COVID-19 related developments, Winning imperatives, Current strategies, MnM view, right to win might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 278)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

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

Secondary Research

In the secondary research process, various sources were referred to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Data was also collected from publications by entities such as European Industrial Gas Association (EIGA), Compressed Gas Association (CGA), Asia Industrial Gas Association (AIGA), American Gas Association (AGA), and Gas Industries Association (GIA).

Primary Research

The air separation plant market comprises several stakeholders in the value chain, including raw material suppliers, product manufacturers, contractors, and end users. Various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the demand side included key opinion leaders in various end-use industries of the air separation plant market. The primary sources from the supply side included industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various leading companies and organizations operating in the air separation plant market. Following is the breakdown of primary respondents interviewed:

Air Separation Plant Market   Size, and Share

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

Market Estimation

Both, 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 estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes 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 the study of reports, reviews, and newsletters of the key market players along with extensive interviews for opinions from leaders, such as directors and marketing executives

Air Separation Plant Market   Size, Bottom Down Approach

Air Separation Plant Market   Size, Top Down Approach

Data Triangulation

After arriving at the total market size, the overall market was split into several segments. A data triangulation procedure was employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments. The data was triangulated by studying various factors and trends from the demand and supply sides. It was then verified through primary interviews.

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 with respect to individual growth trends, prospects, and contribution 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 main regions (along with countries), namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
  • To strategically profile key companies and comprehensively evaluate their current 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
  • To strategically identify and profile the key market players and analyze their core competencies*

Note: Core competencies of the companies are determined in terms of product offerings and business strategies adopted by them to sustain in the market.

The following customization options are available for the report

MarketsandMarkets offers customizations according to the specific needs of companies with the given market data. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

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