HOME Top Market Reports Air Separation Plant Market by Process (Cryogenic, Non-Cryogenic), Gas (Nitrogen, Oxygen, Argon), End User (Iron & Steel, Oil & Gas, Chemical, Healthcare), Region - Global Forecast to 2026

Air Separation Plant Market by Process (Cryogenic, Non-Cryogenic), Gas (Nitrogen, Oxygen, Argon), End User (Iron & Steel, Oil & Gas, Chemical, Healthcare), Region - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4858

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[148 Pages Report] The overall air separation plant market is expected to grow from USD 4.12 billion in 2015 to USD 5.52 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Air separation plants are used for the purification of various components of air, in particular oxygen, nitrogen, argon, and sometimes, other rare inert gases. For air separation, effective sizing and selection is always a combination of analytical modeling and empirical observation. The global market for air separation plants is driven by some basic factors that include strong growth in demand, especially in iron & steel, healthcare oil & gas, and other sectors. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Market Dynamics

Drivers

  • Stringent safety and environmental regulations
  • Growing demand from healthcare sector
  • Increased demand for photovoltaic products and plasma display channels
  • Growing industrial development activities in Middle East & Africa

Restraints

  • Technical and cost factors

Opportunities

  • Increasing demand in developing economies
  • High demand from chemical industry

Challenges

  • Development of affordable as well as effective technologies

Stringent and safety regulations drives the global air separation plant market

Regulations concerning industrial gases are stringent owing to their flammable, corrosive, and explosive nature. Most gases are stored at specific temperatures to prevent explosion or leakage. Regulations regarding manufacturing, storage, and transportation of gases affect the market directly. Enforcement of policies and regulations by governments for safe working conditions in industries is the key factor driving demand for air separation plants globally.

Many governments implement stricter norms to reduce the number of gas leaks and improve safety measures. The U.S. EPA is mainly concerned with the emission of harmful gases in the atmosphere that can affect health of its citizens. Gases such as CO, NO2, O3, PM, and SO2 are hazardous to humans. Initiatives such as the Clean Air Act and its Amendments and Air Toxics Rules and Implementation are some of the steps taken to improve the environmental conditions in the U.S.

The following are the major objectives of the study.

  • To describe and forecast the air separation plant market, in terms of value and volume, by application, end-use industry and region
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of air separation plant
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the air separation plant ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the air separation plant market
  • To define, describe, and forecast the air separation plant market based on the process, gas, end user, and region
  • To provide detailed information regarding the key factors influencing growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze micro markets1 with respect to individual growth trends, future 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, APAC, North America, Europe, Middle East & Africa, and South America
  • To strategically profile key companies and comprehensively evaluate their current market share
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the market

During this research study, major players operating in the air separation plant market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

Air Separation Plant Market

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

The air separation plant market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Key players considered in the analysis of the air separation plant market are Linde AG (Germany), Air Liquide S.A. (France), Praxair, Inc. (U.S.), Air Products and Chemicals, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), and Messer Group GmbH (Germany).

Major Market Developments

  • In October 2016, Praxair announced the start of its second air separation plant of 1,300 TPD in Port of Antwerp and the extending of its pipeline system in the Port of Antwerp, one of the world’s largest petrochemical production complexes. The new facility also produces liquid oxygen, nitrogen, and argon to meet customer demand in the pharmaceutical, chemical, glass, metal fabrication, manufacturing, and food & beverage industries in Belgium and the Netherlands.
  • In September 2016, Linde AG and U.S. rival Praxair Inc. confirmed they are in preliminary merger talks for a deal to create the world’s largest industrial-gas supplier with a potential market value of more than USD 60 billion.
  • In October 2015, Praxair announced that it would upgrade its air separation liquefaction capabilities in the Salt Lake City, Utah area to meet demand in the region. A new liquefier will be added to Praxair’s plant, to nearly double the production of both liquid nitrogen and liquid oxygen. The project is expected to be completed in the first quarter of 2017.

Target Audience

  • Government and Research Organizations
  • Association and Industrial Bodies
  • Raw Material Suppliers and Distributors
  • ASU Manufacturers/ Traders
  • End Users

Report Scope

By Process

  • Cryogenic
  • Non-cryogenic

By Gas:

  • Nitrogen
  • Oxygen
  • Argon
  • Others

By End-User:

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

By Region

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

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

  • Product matrix that gives a detailed comparison of the product portfolio of each company
  • Further breakdown of a region with respect to particular countries
  • Detailed analysis and profiling of additional market companies (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)
    3.1 Air Separation Plant Market: Driving Factors
    3.2 Air Separation Plant Market, By Process, 2016 vs 2021
    3.3 Air Separation Plant Market, By End User, 2016 vs 2021
    3.4 Air Separation Plant Market, By Gas, 2016 vs 2021
    3.5 Air Separation Plant Market, By Region

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in the Global Air Separation Plant Market
    4.2 Air Separation Plant Market, By Gas
    4.3 Asia-Pacific Air Separation Plant Market
    4.4 Air Separation Plant Market, By Region
    4.5 Air Separation Plant Market, By End User

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Stringent Safety and Environmental Regulations
                    5.3.1.2 Growing Demand From Healthcare Sector
                    5.3.1.3 Increased Demand for Photovoltaic Products and Plasma Display Channels
                    5.3.1.4 Growing Industrial Development Activities in MEA
           5.3.2 Restraints
                    5.3.2.1 Technical and Cost Factors
           5.3.3 Opportunities
                    5.3.3.1 Increasing Demand in Developing Economies
                    5.3.3.2 High Demand From Chemical Industry
           5.3.4 Challenges
                    5.3.4.1 Development of Affordable as Well as Effective Technologies

6 Industry Trends (Page No. - 43)
    6.1 Porter’s Five Forces Analysis
           6.1.1 Threat of New Entrants
           6.1.2 Threat of Substitutes
           6.1.3 Bargaining Power of Suppliers
           6.1.4 Bargaining Power of Buyers
           6.1.5 Intensity of Competitive Rivalry
    6.2 Economic Indicators
           6.2.1 Industry Outlook
                    6.2.1.1 Electronics
                    6.2.1.2 Healthcare & Pharmaceutical
                    6.2.1.3 Manufacturing
                    6.2.1.4 Oil & Gas Industry
    6.3 Cost Structure
    6.4 Revenue Pocket Matrix
           6.4.1 Revenue Pocket Matrix: Air Separation Plant Market, By Process
           6.4.2 Revenue Pocket Matrix: Air Separation Plant Market, By End User

7 Market, By Gas (Page No. - 52)
    7.1 Introduction
           7.1.1 Nitrogen
                    7.1.1.1 Nitrogen in Chemicals
                    7.1.1.2 Nitrogen in Primary Metals Production and Fabrication
                    7.1.1.3 Nitrogen in Electronics
                    7.1.1.4 Nitrogen in Oil and Gas Extraction
                    7.1.1.5 Nitrogen in Petroleum Refining
                    7.1.1.6 Nitrogen in Food Industry
                    7.1.1.7 Nitrogen in Energy Industry
                    7.1.1.8 Nitrogen in Pharmaceuticals and Biotechnology Industries
                    7.1.1.9 Nitrogen in Automotive and Transportation Industry
                    7.1.1.10 Nitrogen in Aerospace and Aircraft Industries
                    7.1.1.11 Nitrogen in Additive Manufacturing (3D Printing Industry)
           7.1.2 Oxygen
                    7.1.2.1 Oxygen in Aerospace and Aircraft Industries
                    7.1.2.2 Oxygen in Automotive and Transportation Industry
                    7.1.2.3 Oxygen in Energy Industry
                    7.1.2.4 Oxygen in Glass Industry
                    7.1.2.5 Oxygen in Pharmaceuticals and Biotechnology Industries
                    7.1.2.6 Oxygen in Petroleum Refining
                    7.1.2.7 Oxygen in Primary Metals Production and Fabrication Industries
                    7.1.2.8 Oxygen in Chemicals Industry
                    7.1.2.9 Oxygen in Healthcare Services
                    7.1.2.10 Oxygen in Pulp & Paper Industries
                    7.1.2.11 Oxygen in Municipal Wastewater Treatment
           7.1.3 Argon
                    7.1.3.1 Argon in Metal Production and Fabrication Industries
                    7.1.3.2 Argon in Additive Manufacturing (3D Printing Industry)
                    7.1.3.3 Argon in Aerospace and Aircraft Industries
                    7.1.3.4 Argon in Automotive and Transportation Industries
           7.1.4 Others

8 Market, By Process (Page No. - 59)
    8.1 Introduction
           8.1.1 Cryogenic
           8.1.2 Non-Cryogenic
                    8.1.2.1 Pressure Swing Adsorption (PSA)
                    8.1.2.2 Vacuum Pressure Swing Adsorption (VPSA)
                    8.1.2.3 Membrane Separation

9 Market, By End User (Page No. - 63)
    9.1 Introduction
           9.1.1 Iron & Steel
           9.1.2 Oil & Gas
                    9.1.2.1 Upstream
                               9.1.2.1.1 Pipe Laying & Construction
                               9.1.2.1.2 Gas Lifting & Enhanced Oil Recovery (EOR)
                               9.1.2.1.3 Pipe Inerting & Leak Testing
                               9.1.2.1.4 Underbalanced Drilling
                               9.1.2.1.5 Natural Gas Sweetening
                    9.1.2.2 Downstream
                               9.1.2.2.1 Gasification & Catalytic Cracking
                               9.1.2.2.2 Blanketing
                               9.1.2.2.3 Purging and Drying
           9.1.3 Chemical
           9.1.4 Healthcare
           9.1.5 Others
                    9.1.5.1 Food & Beverage:
                               9.1.5.1.1 Food
                               9.1.5.1.2 Beverage
                    9.1.5.2 Glass Industry
                    9.1.5.3 Coal Gasification

10 Market, By Region (Page No. - 71)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 Japan
             10.2.3 India
             10.2.4 South Korea
             10.2.5 Australia & New Zealand
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Germany
             10.4.2 France
             10.4.3 U.K.
             10.4.4 Italy
             10.4.5 Spain
     10.5 South America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Chile
     10.6 Middle East
             10.6.1 UAE
             10.6.2 Saudi Arabia
             10.6.3 Qatar
             10.6.4 Kuwait
             10.6.5 Oman
     10.7 Africa
             10.7.1 South Africa

11 Competitive Landscape (Page No. - 109)
     11.1 Overview
     11.2 Market Share Analysis of Air Separation Plant (2015)
     11.3 Competitive Situation & Trends
             11.3.1 Supply Contracts and Agreements Have Fueled the Market Growth of the Air Separation Plant 
     11.4 Supply Contracts and Agreements
     11.5 Mergers & Acquisitions and Joint Ventures
     11.6 Expansions
     11.7 New Plant Construction, and Investment

12 Company Profiles (Page No. - 117)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Linde AG
     12.2 Air Liquide S.A.
     12.3 Praxair, Inc.
     12.4 Air Products and Chemicals, Inc.
     12.5 Messer Group GmbH
     12.6 Taiyo Nippon Sanso Corporation
     12.7 Universal Industrial Gases, Inc.
     12.8 Enerflex Ltd.
     12.9 Technex Ltd.
     12.10 Yingde Gases Group Co., Ltd.
     12.11 Other Key Players

*Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 142)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (86 Tables)

Table 1 Air Separation Plant Market, By Process
Table 2 Air Separation Plant Market, By Gas
Table 3 Air Separation Plant Market, By End User
Table 4 Regulations on Transportation and Storage of Gas
Table 5 Cost Structure: Air Separation Plants Market
Table 6 Air Separation Plant Market, By Gas, 2014-2026 (USD Million)
Table 7 Nitrogen: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 8 Oxygen: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 9 Argon: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 10 Others: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 11 Air Separation Plant Market, By Process, 2014-2026 (USD Million)
Table 12 Cryogenic: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 13 Non-Cryogenic: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 14 Air Separation Plant Market, By End User, 2014-2026 (USD Million)
Table 15 Iron & Steel: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 16 Oil & Gas: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 17 Chemical: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 18 Healthcare: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 19 Others: Air Separation Plant Market, By Region, 2014-2026 (USD Million)
Table 20 Air Separation Plant Market, By Region, 2014–2026 (USD Million)
Table 21 Asia-Pacific Air Separation Plant Market, By Process, 2014–2026 (USD Million)
Table 22 Asia-Pacific Market, By Country, 2014–2026 (USD Million)
Table 23 Asia-Pacific Market, By End User, 2014–2026 (USD Million)
Table 24 China Market, By Process, 2014–2026 (USD Million)
Table 25 China Market, By End User, 2014–2026 (USD Million)
Table 26 Japan Market, By Process, 2014–2026 (USD Million)
Table 27 Japan Market, By End User, 2014–2026 (USD Million)
Table 28 India Market, By Process, 2014–2026 (USD Million)
Table 29 India Market, By End User, 2014–2026 (USD Million)
Table 30 South Korea Market, By Process, 2014–2026 (USD Million)
Table 31 South Korea Market, By End User, 2014–2026 (USD Million)
Table 32 Australia & New Zealand Market, By Process, 2014–2026 (USD Million)
Table 33 Australia & New Zealand Market, By End User, 2014–2026 (USD Million)
Table 34 North America Air Separation Plant Market, By Process, 2014–2026 (USD Million)
Table 35 North America Market, By Country, 2014–2026 (USD Million)
Table 36 North America Market, By End User, 2014–2026 (USD Million)
Table 37 U.S. Market, By Process, 2014–2026 (USD Million)
Table 38 U.S. Market, By End User, 2014–2026 (USD Million)
Table 39 Canada Market, By Process, 2014–2026 (USD Million)
Table 40 Canada Market, By End-User, 2014–2026 (USD Million)
Table 41 Mexico Market, By Process, 2014–2026 (USD Million)
Table 42 Mexico Market, By End User, 2014–2026 (USD Million)
Table 43 Europe Air Separation Plant Market, By Process, 2014–2026 (USD Million)
Table 44 Europe Market, By Country, 2014–2026 (USD Million)
Table 45 Europe Market, By End User, 2014–2026 (USD Million)
Table 46 Germany Market, By Process, 2014–2026 (USD Million)
Table 47 Germany Market, By End User, 2014–2026 (USD Million)
Table 48 France Market, By Process, 2014–2026 (USD Million)
Table 49 France Market, By End User, 2014–2026 (USD Million)
Table 50 U.K. Market, By Process, 2014–2026 (USD Million)
Table 51 U.K. Market, By End User, 2014–2026 (USD Million)
Table 52 Italy Market, By Process, 2014–2026 (USD Million)
Table 53 Italy Market, By End User, 2014–2026 (USD Million)
Table 54 Spain Market, By Process, 2014–2026 (USD Million)
Table 55 Spain Market, By End User, 2014–2026 (USD Million)
Table 56 South America Air Separation Plant Market, By Process, 2014–2026 (USD Million)
Table 57 South America Market, By Country, 2014–2026 (USD Million)
Table 58 South America Market, By End User, 2014–2026 (USD Million)
Table 59 Brazil Market, By Process, 2014–2026 (USD Million)
Table 60 Brazil Market, By End User, 2014–2026 (USD Million)
Table 61 Argentina Market, By Process, 2014–2026 (USD Million)
Table 62 Argentina Market, By End User, 2014–2026 (USD Million)
Table 63 Chile Market, By Process, 2014–2026 (USD Million)
Table 64 Chile Market, By End User, 2014–2026 (USD Million)
Table 65 Middle East Air Separation Plant Market, By Process, 2014–2026 (USD Million)
Table 66 Middle East Market, By Country, 2014–2026 (USD Million)
Table 67 Middle East Market, By End User, 2014–2026 (USD Million)
Table 68 UAE Market, By Process, 2014–2026 (USD Million)
Table 69 UAE Market, By End User, 2014–2026 (USD Million)
Table 70 Saudi Arabia Market, By Process, 2014–2026 (USD Million)
Table 71 Saudi Arabia Market, By End User, 2014–2026 (USD Million)
Table 72 Qatar Market, By Process, 2014–2026 (USD Million)
Table 73 Qatar Market, By End User, 2014–2026 (USD Million)
Table 74 Kuwait Market, By Process, 2014–2026 (USD Million)
Table 75 Kuwait Market, By End User, 2014–2026 (USD Million)
Table 76 Oman Market, By Process, 2014–2026 (USD Million)
Table 77 Oman Market, By End User, 2014–2026 (USD Million)
Table 78 Africa Market, By Process, 2014–2026 (USD Million)
Table 79 Africa Market, By Country, 2014–2026 (USD Million)
Table 80 Africa Market, By End User, 2014–2026 (USD Million)
Table 81 South Africa Market, By Process, 2014–2026 (USD Million)
Table 82 South Africa Market, By End User, 2014–2026 (USD Million)
Table 83 Supply Contracts and Agreements, 2012–2016
Table 84 Mergers & Acquisitions and Joint Ventures, 2012–2016
Table 85 Expansions, 2011–2015
Table 86 New Plant Construction, and Investment, 2014–2016


List of Figures (45 Figures)

Figure 1 Air Separation Plant Market: Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primaries
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Cryogenic Segment is Projected to Grow at the Highest Rate in the Market From 2016 to 2021
Figure 8 Iron & Steel to Be the Largest End User Segment for Market Through 2021
Figure 9 Nitrogen Segment Projected to Dominate the Market Through 2021
Figure 10 Asia-Pacific Projected to Be the Fastest-Growing Market for From 2016 to 2021
Figure 11 Global Separation Plant Market is Expected to Moderate Growth Between 2016 to 2021
Figure 12 Nitrogen Segment is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 13 China Estimated to Be the Largest Market in 2015
Figure 14 By Market in Asia-Pacific Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 15 Oil & Gas Segment to Grow at the Highest CAGR From 2016 to 2021
Figure 16 Market, By Region
Figure 17 Market, Countries-By Region
Figure 18 Growing Demand for Industrial Gases in Various End-Use Sectors and Safety & Environmental Regulations Result in Increased Demand for Air Separation Plants
Figure 19 Porter’s Five Forces Analysis
Figure 20 Manufacturing Industry Growth Rate, 2014
Figure 21 Oil Production, By Region, 2013-2014
Figure 22 Cost Structure: Air Separation Plants Market
Figure 23 Revenue Pocket Matrix: Market, By Process
Figure 24 Revenue Pocket Matrix: Market, By End User
Figure 25 Market, By Gas, 2016 & 2021 (USD Million)
Figure 26 Market, By Process, 2016 & 2021 (USD Million)
Figure 27 Market, By End User, 2016 & 2021 (USD Million)
Figure 28 Geographic Snapshot (2016–2021): By Market in South Korea is Projected to Grow at the Highest Rate
Figure 29 Asia-Pacific : Market Snapshot
Figure 30 North America: Market Snapshot
Figure 31 Europe: Market Snapshot
Figure 32 South America: Market Snapshot
Figure 33 Middle East: Market Snapshot
Figure 34 Africa: Market Snapshot
Figure 35 Companies Adopted Supply Contracts and Agreements as the Key Growth Strategies During the Studied Period (2012–2016)
Figure 36 Air Liquide S.A. Contributed the Largest Share to the By Market in 2015
Figure 37 2016 Was Observed to Be the Most Active Year in Terms of Developments in the Market
Figure 38 Total Developments in the Market Between March, 2012 and October, 2016
Figure 39 Linde AG: Company Snapshot
Figure 40 Air Liquide S.A.: Company Snapshot
Figure 41 Praxair, Inc.: Company Snapshot
Figure 42 Air Products and Chemicals, Inc.: Company Snapshot
Figure 43 Messer Group GmbH: Company Snapshot
Figure 44 Taiyo Nippon Sanso Corporation: Company Snapshot
Figure 45 Enerflex Ltd.: Company Snapshot

The overall air separation plant market is expected to grow from USD 4.12 billion in 2015 to USD 5.52 billion by 2021 at a CAGR of 5.0%. Stringent safety and environmental regulations, Growing demand from healthcare sector, increased demand for photovoltaic products and plasma display channels, and growing industrial development activities in Middle East & Africa are the key factors driving the growth of the global market.

Air separation plants are used for the purification of various components of air, in particular oxygen, nitrogen, argon, and sometimes, other rare inert gases. For air separation, effective sizing and selection is always a combination of analytical modeling and empirical observation. Product innovations and technological developments for air separation process are expected to create strong investment opportunities in the market. The segmentation considered for this report is based on the air separation process, gas, end users, and regions that constitute the key markets.

The air separation plant market has been segmented, on the basis of gas, into nitrogen, oxygen, argon, and others. The nitrogen segment is expected to grow at the highest CAGR between 2016 and 2021. Nitrogen is the largest and the fastest-growing gas segment of the global air separation plant market. Air separation plants produce nitrogen gas, which finds application in chemicals, metal fabrication, and oil & gas extraction, among others.

On the basis of process, the air separation plant market has been segmented, into cryogenic, and non-cryogenic. The cryogenic segment is expected to grow at the highest CAGR between 2016 and 2021. Cryogenic is the largest and the fastest-growing gas segment of the global air separation plant market. Cryogenic is a preferred process for producing very high purity oxygen and nitrogen.

On the basis of end-user, the air separation plant market is segmented into iron & steel, oil & gas, chemical, healthcare, and others. The oil & gas segment is expected to grow at the highest CAGR between 2016 and 2021. The iron & steel segment is the largest end-user of air separation plant. Air separation plant are used across various applications in the electronics industry, such as oil insulation, capacitor and transformer wrapping or insulation, magnetic wire insulation, and in gold leaf masking during wave soldering. The iron & steel industry depends on air separation plants to meet their industrial gas requirement. The iron & steel industry uses large quantities of oxygen, nitrogen, argon, and hydrogen and a small but growing amount of CO2 during processes/ operations.

The air separation plant market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Growth in Asia Pacific is supplemented by the expansion of the metal fabrication industry, growth of the chemical and electronics sectors, and the developing healthcare facilities in emerging economies such as China, India, Malaysia, and Thailand.

Air Separation Plant Market

End-user of air separation plants like iron & steel, oil & gas, chemical, healthcare, and others drive the growth of air separation plant market

Iron & Steel

The iron & steel industry depends on air separation plants to meet their industrial gas requirement. The iron & steel industry uses large quantities of oxygen, nitrogen, argon, and hydrogen and a small but growing amount of CO2 during processes/ operations.

Oil & Gas

The oil & gas industry depends on air separation plants to meet their industrial gas requirement. It uses industrial gases for oil recovery, pipe laying, inerting, and leak testing, among others.

Chemical

The chemical industry depends on air separation plants to meet the industrial gas requirement. In the chemical industry, industrial gases are used for pressure transfer, blanketing, and inerting, among others.

Healthcare

The healthcare industry depends on air separation plants to meet their industrial gas requirement. The healthcare industry requires gases such as nitrogen and oxygen to preserve vital blood & tissue, helium for MRIs, and oxygen and respiratory therapy gases for breathing.  

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry applications for air separation plant?

Technical and cost factor is a major factor restraining the growth of the market. Though the air separation plant market is expanding at a good pace, it still faces some restraints. High energy consumption, sensitivity to environmental conditions, improper component selection, poor maintenance, high cost, and difficulty in fabrication are some major problems in some plants.

Key players in the market include Air Liquide S.A. (France), Linde AG (Germany), Praxair, Inc. (U.S.), Air Products and Chemicals, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), and Messer Group GmbH (Germany).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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