Air Separation Plant Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2028

In a dynamic global landscape, theair separation plant marketis 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.

Request a ReportSample toGainComprehensiveInsights on Ever Booming Air Separation Plant Market:https://www.futuremarketinsights.com/reports/sample/rep-gb-2886

Key Takeaways fromAir Separation PlantMarket Study:

The U.S. is anticipated to account for the lion's share inNorth Americamarket, owing to the increasing shell gas exploration activities across the country.
Chinais expected to register robust growth in the air separation plant market, on the back of growing adoption in production of chemicals and iron steel.
Indiais forecast to emerge as a highly attractive market inSouth Asia Pacific, driven by the upsurge in trend of industrialization in the country.
The U.K. andGermanyare estimated to collectively account for the largest share inEuropemarket, 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,

InNovember 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.
InApril 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.

Plan Your Business Strategies in Accordance withLatest Market Growth Drivers and Restraints, Buy Now to Get Immediate Access:https://www.futuremarketinsights.com/checkout/2886

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 onAir Separation PlantMarket:

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: