In a dynamic global landscape, the air separation plant market is gearing up for substantial expansion, presently commanding an impressive valuation of US$ 5.9 billion. With a projected compound annual growth rate (CAGR) of 5%, the market is anticipated to reach a noteworthy US$ 7.9 billion by the culmination of 2028. This upward trajectory is not a mere coincidence but is profoundly steered by the escalating demand for air separation plants in the healthcare sector, a pivotal trend set to catalyze market expansion on a global scale.

Future Market Insights (FMI) has conducted a meticulous half-yearly comparative analysis, offering invaluable insights into the market’s growth prospects. This report delivers crucial information about recent developments that wield a substantial impact on the market’s outlook.

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Key Takeaways from Air Separation Plant Market Study:

  • The U.S. is anticipated to account for the lion’s share in North America market, owing to the increasing shell gas exploration activities across the country.
  • China is expected to register robust growth in the air separation plant market, on the back of growing adoption in production of chemicals and iron & steel.
  • India is forecast to emerge as a highly attractive market in South Asia & Pacific, driven by the upsurge in trend of industrialization in the country.
  • The U.K. and Germany are estimated to collectively account for the largest share in Europe market, favored by increasing applications across the food & beverage industry.
  • In terms of end use industry, the chemical industry segment is projected to exhibit steady growth, accounting for around 20% of the overall sales through 2028.

Key Drivers:

  • Surging demand for medical oxygen and equipment such as continuous positive airway pressure (CPAP) devices and infusion pumps in hospitals for patient treatments is expected to increase the sales of air separation plants across the healthcare segment.
  • Increasing use of argon gas in casting and welding industries, especially, in manufacturing of specialty alloys and titanium is a primary factor propelling the demand across the argon segment.

Key Restraints:

  • Extravagant cost of installation, component assemble, operation, and maintenance of air separation plants is hindering the sales in the market.
  • High energy consumption for cryogenic separation plants as compared to non-cryogenic plants is a factor restraining the growth in the cryogenic separation plant segment.

Competitive Landscape:

Key manufacturers of air separation plants are focusing on mergers and acquisitions to strengthen their global footprint and establish their business different countries. Apart from this, some of the players are aiming at expanding their production capacity to cater to demand for industrial gasses.

For instance,

  • In November 2021, Nippon Gases, a leading Japanese industrial and medical gases provider, announced signing an agreement with a renowned Italian stainless steel manufacturer, Cogne Acciai Speciali. As per the agreement, Nippon Gases will assist the latter company to modernize its air separation unit to increase its efficiency and reduce energy consumption in production.
  • In April 2020, CryopAL, a subsidiary of Air Liquide, announced increasing its production of liquid oxygen for medical use to three times of its current production to meet the increasing demand and supply oxygen to patients suffering from respiratory insufficiency.

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Key Players Operating in the Market:

  • Linde AG
  • Air Products and Chemicals Inc.
  • Air Liquide SA
  • Praxair Inc.
  • Messer Group GmbH
  • Universal Industrial Gases Inc.
  • Taiyo Nippon Sanso Corporation
  • Technex Limited
  • Sichuan Air Separation Plant Group
  • Ranch Cryogenics Inc.
  • AMCS Corporation
  • Yingde Gases Group Company Limited.
  • Others

More Valuable Insights on Air Separation Plant Market:

FMI, in its new report, offers an unbiased analysis of the global air separation plant market, analyzing forecast statistics between 2022 and 2028. The survey reveals growth projections on in air separation plant market with detailed segmentation:

By Type:

  • Cryogenic Air Separation Plants
  • Non-cryogenic Air Separation Plants
    • Pressure Swing Adsorption (PSA)
    • Vacuum Pressure Swing Adsorption (VPSA)
    • Membrane Separation

By Gas:

  • Oxygen
  • Nitrogen
  • Argon
  • Diesel

By End-use Industry:

  • Air Separation Plants for Chemical Industry
  • Air Separation Plants for Iron & Steel Industry
  • Air Separation Plants for Healthcare Industry
  • Air Separation Plants for Food & Beverage Industry
  • Air Separation Plants for Paper & Pulp Industry
  • Air Separation Plants for Oil & Gas Industry
  • Others

By Region:

  • North America Air Separation Plant Market
  • Latin America Air Separation Plant Market
  • Europe Air Separation Plant Market
  • East Asia Air Separation Plant Market
  • South Asia & Pacific Air Separation Plant Market
  • Middle East & Africa (MEA) Air Separation Plant Market

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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