Air Separation Plant Industry: Future Market Projections for Forthcoming years- Exclusive Report by MarketsandMarkets™

Posted February 14, 2022 by jackmartin

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
Air separation plants are used for the purification of various components of air, in particular oxygen, nitrogen, argon, and other gases such as carbon dioxide, helium, neon, krypton, and xenon. 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.

Get PDF Brochure for Research Insights at:

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.

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.

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), are among the key players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels. Other noteworthy players included in this report are 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). Apart from global companies, the air separation plant market comprises several companies that conduct their business activities at a regional and local level. These include Ranch Cryogenics, Inc. (US), Technex Limited (Ukraine), Phoenix Equipment Corporation (US), AMCS Corporation (US), Universal ING. L. & A. Boschi Plants Private Limited (India), China National Air Separation Plant Corporation (China), Gas Engineering, LLC. (US), Cryotec Anlagenbau GmbH (Germany), and Novair SAS (France). Key market players have focused on agreements, acquisitions, contracts, new product launches, expansions and investment to cater to the demand for air separation plants across various end-use industries.

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.

If You Want To Know More About Report Before Buying:

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By RamS
Phone 18886006441
Business Address MarketsandMarkets™ INC.
630 Dundee Road
Country United States
Categories Business
Tags air separation plant , air separation plant industry , air separation plant market
Last Updated February 14, 2022