The air separation plant market is experiencing a significant upward trajectory, driven by the increasing demand for purified gases across various industrial applications. As industries seek efficient and reliable methods to produce nitrogen, oxygen, and argon, the air separation technology is gaining prominence, showcasing its critical role in numerous sectors. Exhaustive Market Report: A Complete Study …
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Global Air Separation Plants Market Set to Reach US$7.9 Billion by 2028, Driven by Growing Usage in Oil, Gas, and Food Industries
According to Future Market Insights (FMI), the global sales of air separation plants reached US$5.9 billion in 2022. The market is projected to continue expanding, reaching approximately US$7.9 billion by the end of 2028, with a Compound Annual Growth Rate (CAGR) of 5%. This growth can be attributed to the increasing utilization of air separation plants in …