A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Air
Separation Plant
Market. The
study, titled “Air
Separation Plant Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Global
Air Separation Plant Market: Snapshot
The
global market for air separation plants is expanding at a promising
pace, with a number of product quality and environment protection
regulations fusing together to increase the scope of usage of pure
air-based gases across a number of industries. A number of industries
continue to consume vast volumes of pure oxygen and other air gases
over ambient air as a way of minimizing pollution and adhering to
clean initiatives.
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The
oil and gas industry remains one of the key consumers of pure air
gases, contributing significantly to the overall development of the
global air separation plants market. This end-use sector is expected
to provide vast growth opportunities to the global market in the near
future, especially in region such as North America with a flourishing
shale gas industry. The thriving food industry across developed as
well as developing countries across the globe is emerging as a key
consumer of food-grade air gases such as nitrogen, carbon dioxide,
and oxygen for use across a number of application areas.
Owing
to the rapid rise in demand for pure air gases, the global air
separation plants market is presented with massive growth
opportunities and is observing the entry of a number of new players.
To stay ahead of the intense competition, companies are focusing on
re-engineering air separation techniques to be able to improve the
level of operation efficiency, increase production capacity, and
reduce costs and energy consumption associated with production
processes.
Air
separation plants are used for the separation of atmospheric air into
its primary components including nitrogen and oxygen, apart from
other rare inert gases such as xenon, neon, helium, and krypton.
These plants are used to separate the required gases so that they can
be employed for various purposes in industries such as iron- and
steel-making, coal gasification, medical, and chemical. Air
separation plants are commonly considered the only viable source to
recover rare gases required in the industries mentioned above.
Development in these industries is a major factor driving the air
separation plant market. However, newer applications are constantly
being discovered for these plants. For instance, of late, air
separation plants are being used in Integrated Gasification Combined
Cycle (IGCC) plants in order to help lower carbon emissions. The
green industry is also emerging a viable new market for air
separation plants. However, oil & gas and steelmaking industries
are the major revenue generators of the global air separation plant
market. Air separation plants do not have viable alternatives; hence,
the outlook for the air separation plant market appears promising.
Depending
upon the requirement, air separation plants can be customized or be
made available in the modular form. Different types of plants offer
distinct advantages and can be selected accordingly. For instance,
customized plants can be configured for high power efficiency and
ease of maintenance through low operating expenses (OPEX). On the
other hand, modular air separation plants minimize costs and
technical risks, while maximizing operational flexibility. Different
types of plants are employed to separate different gases from the
air. The level of purity of these gases as well as their states (i.e.
liquid, gaseous, or solid) can also be decided before the
installation of the plants. Non-cryogenic process and plants yield
nitrogen and oxygen of high purity levels.
In
terms of extracting gases, two methods are most commonly used:
cryogenic process and non-cryogenic process. Under the cryogenic
process, low temperature rectification is applied using the boiling
point of the various gases in air. Under the non-cryogenic process,
differences in physical properties of the various gases are used.
Types of non-cryogenic processes include pressure swing adsorption
technique and vacuum pressure swing adsorption technique. Compressed
air is processed for desired gases under the pressure swing
adsorption technique. Under the vacuum pressure swing adsorption
technique, vacuum pumps are used to decrease the desorption pressure.
In
terms of region, Asia Pacific dominates the global air separation
market. The industrial sector in the region, especially in China and
India, offers lucrative opportunities for the air separation plant
market. On the other hand, North America and Europe are mature
markets. Middle East & Africa and Latin America are among the low
revenue generators. Asia Pacific is expected to continue its dominant
position in the air separation plant market during the forecast
period. The performance of the air separation plant market in Europe
and North America is likely to improve during the next few years.
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to view Sample Report:
Prominent
companies operating in the air separation plant market include The
Linde Group; Phoenix Equipment Corporation; Air Products and
Chemicals Inc.; Hangzhou Hangyang Co. Ltd.; ING. L&A. Boschi;
Kobelco Air Water Cryoplant, Ltd; Air Liquide; Matheson K-Air India
Pvt. Ltd.; Siemens, Servomex Group Limited, and Universal Industrial
Gases, Inc.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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