The air separation plant market is expected to witness market growth at a rate of approximately 4.5% in the forecast period of 2021 to 2028 and is expected to reach USD 7,342.40 million by 2028. Data Bridge Market Research report on air separation plant market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing demand from the end user industries is escalating the growth of air separation plant market.
Air separation plant assists in the separation of atmospheric air into nitrogen and oxygen as the name suggests. This also deals with other gases such as argon and other gases. These plants possess numerous applications various industries such as iron and steel, oil and gas, chemical and healthcare among others.
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The rise in the up taking of alternate energy sources such as coal-to-liquid and coal-to-chemicals plants, large-scale gasification plants and oxygen-based gas-to-liquid acts as one of the major factors driving the growth of air separation plant market. The growth in steel and process industries leading the rise in demand for industrial gases and the important role of these plants in the production of iron and steel accelerate the air separation plant market growth. The implementation of stringent safety and environmental regulations and growing industrial development activities in MEA further influence the air separation plant market. Additionally, growth in population, rising research and development activities, growing demand from healthcare sector, expansion of end user industries and rising growing demand from healthcare sector positively affect the air separation plant market. Furthermore, high demand from chemical industry and rise in demand in developing economies extends profitable opportunities to the air separation plant market players in the forecast period of 2021 to 2028.
On the other hand, issues associated with the technology and cost related problems are the factors expected to obstruct the air separation plant market growth. Development of affordable as and effective technologies is projected to challenge the air separation plant market in the forecast period of 2021-2028.
This air separation plant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on air separation plant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Air Separation Plant Market Scope and Size
The air separation plant market is segmented on the basis of gas, type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of gas, the air separation plant market is segmented into nitrogen, oxygen, argon and diesel.
On the basis of type, the air separation plant market is segmented into cryogenic and non-cryogenic.
On the basis of end-user, the air separation plant market is segmented into iron and steel, oil and gas, chemical, healthcare, food and beverage, glass industry and coal gasification.
Global Air Separation Plant Market Country Level Analysis
The air separation plant market is analyzed and market size, volume information is provided by country, gas, type and end-user as referenced above.
The countries covered in the global air separation plant market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the air separation plant market due to the high manufacturing and distribution of high purity oxygen, cylinder filling plants and different gas generator for medical, industrial and other applications in the region. Asia-Pacific is expected to witness high CAGR during the forecast period of 2021 to 2028 because of the growing demand for industrial gases with high purity level from end-use industries such as oil and gas industry, chemicals and petrochemicals, growing demand for photovoltaic products and stringent safety and environmental regulations in the healthcare sector.
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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Air Separation Plant Market, By Gas (Nitrogen, Oxygen, Argon, Diesel), Type (Cryogenic, Non-Cryogenic), End-User (Iron and Steel, Oil and Gas, Chemical, Healthcare, Food and Beverage, Glass Industry, Coal Gasification), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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