Air Separation Plant Market worth 7.27 Billion USD | Global Forecast to 2026

1. MarketsandMarkets Presents Air Separation Plant Market worth 7.27 Billion USD | Global Forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/air-separation-plant-market-210435735.html

2. The report 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, The global air separation plant market is projected to reach USD 7.27 Billion by 2026, at a CAGR of 5.3% from 2016 to 2026. Browse 86 market data tables and 45 figures spread through 148 pages and in-depth TOC on “Air Separation Plant Market” Download PDF Brochure: Click Here The growth of this market can be attributed to the growing demand from the metal fabrication industry in the developed economies, including the U.S. and the European countries, coupled with the increasing expenditure on iron & steel production and petrochemical industries in emerging economies including China, India, Brazil, South Africa, and the UAE. Iron & steel is the largest end user segment of the global air separation plant market Based on end users, the air separation plant market has been segmented into iron & steel, oil & gas, chemical, healthcare, and others. The iron & steel segment accounted for the largest share of the air separation plant market in 2015; however, the oil & gas segment is projected to be the fastest-growing segment from 2016 to 2021. Air separation plants have various applications in the oil & gas industry, including oil recovery, leak testing, and so on.

3. Cryogenic process was the largest process segment of the air separation plant market • Based on process, the air separation plant market has been segmented into cryogenic and non-cryogenic. Cryogenic process is the most common air separation process and is projected to grow at the highest CAGR during the forecast period. Cryogenic air separation processes are used in medium to large scale plants to produce nitrogen, oxygen, argon, and other atmospheric gases in liquid or gaseous form. • The Asia-Pacific region was the largest market for air separation plants in 2015 • Asia-Pacific was the largest market for air separation plants in 2015, owing to the increase in demand for the air separation plants in this region. The growth in the Asia-Pacific region can be attributed to the growth of the metal fabrication and electronic industries in countries such as Japan, China, and India. • Target Audience: • Raw Material Suppliers and Distributors • Air Separation Plant Manufacturers/Traders • Government and Research Organizations • Iron & Steel Companies • Oil & Gas Companies • Chemical Companies • Healthcare Companies • Associations and Industrial Bodies

4. Request for Sample: Click Here • Scope of the Report: • Basis of Process: • Cryogenic • Non-cryogenic • On the basis of Gas: • Nitrogen • Oxygen • Argon • Basis of End User: • Iron & Steel • Oil & Gas • Chemical • Healthcare

5. Industry Leaders: The key players operational in the air separation plant 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), Messer Group GmbH (Germany), Universal Industrial Gases (U.S.), Enerflex Ltd. (Canada), and Technex Ltd. (Ukraine), among others. In 2015, Air Liquide S.A. (France) held the largest share of the air separation plant market, followed by Linde AG (Germany). The dominance of Air Liquide S.A. in the air separation plant market is due to its extensive product line in the respective market across metal fabrication, oil & gas, petrochemical, and chemical industries. Praxair, Inc. (U.S.), another major player operating in the air separation plant market, has enhanced and expanded its industrial gas handling equipment business in the international market through acquisitions. For instance, in May, the company acquired Scotland-based Dominion Technology Gases Investment Limited to expand its oil and gas-related capabilities in the offshore energy segment. The company’s operating income margin increased from 21% to 22% during 2014-15. Praxair also focuses on adding new and technologically advanced products, which reflects through its huge industrial gas handling equipment portfolio.

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