Air Separation Plant Market

Rising Application of Industrial Gases to bloom Air Separation Plant Market Worldwide

Air separation plants continue to attract heavy investment from the market players pertaining to their rising application and applicable industry growth. The iron & steel industry has a high demand for pure oxygen gas for steel making and coal gasification. Strong growth of iron & steel industry with production and consumption both showing good development, the demand for pure oxygen and thereby air separation plant is growing stupendously. Furthermore, the rising oil & gas industry in the U.S. and Canada due to the shale oil boom and high demand for oil from China and India; along with the growing industrial development activities in the Middle East & Africa, the global air separation plant market is expected to grow at US$ 7.74 Bn by 2027. In addition to the above, strong economic and industrial growth in the Asia Pacific and Latin America results in increasing demand and consumption of steel and petrochemicals. Owing to this, a high market for air separation plants across both continents is expected over the forecast period.

On the other hand, the global air separation market is expected to be hindered by its cost aspect. The operating cost of electricity is the major challenge in front the market players. Also, the mature market of Europe has slow-moving growth in key industries like steel, where growth shrunk by 0.3% in 2018. Along with it, the growth in the chemical industry is also slow-moving due to higher oil prices and low demand from the automotive sector, thereby reducing the global market size.

Market Snapshot

Oil & Gas Segment to grow at the Fastest Pace

In 2018, the iron & steel segment captured the largest share of nearly 35% of the global market owing to growing industrial usage of gases for heat treatment of steel and other metals. Further, the segment will remain dominant throughout the forecast period. On the other hand, the oil & gas segment is expected to register the highest CAGR from 2019 to 2027 because of rising expenditure on oil & gas discovery and refining from emerging economies such as China, India, Brazil, and the developed economies.

North America Registered the Highest CAGR in 2018

The U.S. oil and gas production increased by 16% and 12%, respectively, in 2018. The blooming shale gas and light-tight oil production have resulted in high demand for air separation plants in the country. Canada has also identified shale gas deposits in its Duvernay field, which is further expected to support market growth. Further, other industries in the region such as iron & steel, healthcare, chemical, food & beverages are all expanding, which in turn grows the air separation plant market. As a result, it is estimated that the region will register the highest CAGR during the forecast period. In 2018, North America was the 2nd largest market trailing the Asia Pacific, with approximately 30% market share.

New Technological Development is keeping the Market Competitive

The overall air separation plant market is fragmented, and market players are focusing on partnerships and improving current technology to bolster their market share. For instance, in November 2019, Messer Group GmbH announced its purchase of DMC3 software from Aspen Technology Inc., a software company in asset optimization. The new DMC3 software will help to improve operating efficiency and margins and also helps to reduce energy consumption and emissions. Further, in July 2019, Yingde Gas Group Co., Ltd. signed a strategic agreement with Beijing SinoScience FullCryo Technology Co., Ltd. to cooperate in rare refining gases, hydrogen liquefaction, and liquid hydrogen storage and transportation. With this new partnership, both companies expect to improve operation efficiency, reduce operating costs and cooperate to improve market share.

Major players profiled in the air separation plant market include Linde AG, Air Liquide, Praxair Technology, Inc., Air Products and Chemicals, Inc., TAIYO NIPPON SANSO CORPORATION, Universal Industrial Gases, Inc., Universal Cryo Gas, LLC, ENERFLEX LTD., Messer Group GmbH, Technex, Yingde Gas Group Co., Ltd., etc. among others.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The air separation plant market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global air separation plant market based on process, gas, end-user, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Air Separation Plant (ASP) Market
2.2. Global ASP Market, by Process, 2018 (US$ Bn)
2.3. Global ASP Market, by Gas, 2018 (US$ Bn)
2.4. Global ASP Market, by End-use, 2018 (US$ Bn)
2.5. Global ASP Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Air Separation Plant Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Air Separation Plant (ASP) Market, by Process , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Cryogenic
4.3. Non-cryogenic

5. Global Air Separation Plant (ASP) Market, by Gas, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Nitrogen
5.3. Oxygen
5.4. Argon
5.5. Others (Carbon dioxide, Neon, Helium etc.)

6. Global Air Separation Plant (ASP) Market, by End-use, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Iron & Steel
6.3. Oil & Gas
6.4. Chemical
6.5. Healthcare
6.6. Others (Food & Beverages, Electronics, Glass & Mineral, etc.)

7. North America Air Separation Plant (ASP) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America ASP Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America ASP Market Value, By Process, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America ASP Market Value, By Gas, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America ASP Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America ASP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Air Separation Plant (ASP) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe ASP Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Europe ASP Market Value, By Process, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe ASP Market Value, By Gas, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe ASP Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe ASP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Air Separation Plant (ASP) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific ASP Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific ASP Market Value, By Process, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific ASP Market Value, By Gas, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific ASP Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific ASP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Air Separation Plant (ASP) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World ASP Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World ASP Market Value, By Process, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World ASP Market Value, By Gas, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World ASP Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World ASP Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Linde AG,
11.2. Air Liquide,
11.3. Praxair Technology, Inc.,
11.4. Air Products and Chemicals, Inc.,
11.5. TAIYO NIPPON SANSO CORPORATION,
11.6. Universal Industrial Gases, Inc. Universal Cryo Gas, LLC,
11.7. ENERFLEX LTD.,
11.8. Messer Group GmbH,
11.9. Technex,
11.10. Yingde Gas Group Co., Ltd.

List of Figures

FIG. 1 Global Air Separation Plant (ASP) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ASP Market Segmentation
FIG. 4 Global ASP Market, by Process, 2018, (US$ Bn)
FIG. 5 Global ASP Market, by Gas, 2018, (US$ Bn)
FIG. 6 Global ASP Market, by End-use, 2018, (US$ Bn)
FIG. 7 Global ASP Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key ASP Manufacturers, 2018
FIG. 11 Global ASP Market Value Share, by Process, 2018 & 2027 (Value %)
FIG. 12 Global Cryogenic ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Non-cryogenic ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global ASP Market Value Share, by Gas, 2018 & 2027 (Value %)
FIG. 16 Global ASP Market Value for Nitrogen, 2017 – 2027, (US$ Bn)
FIG. 17 Global ASP Market Value for Oxygen, 2017 – 2027, (US$ Bn)
FIG. 18 Global ASP Market Value for Argon, 2017 – 2027, (US$ Bn)
FIG. 18 Global ASP Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 19 Global ASP Market Value Share, by End-use, 2018 & 2027 (Value %)
FIG. 20 Global ASP Market Value for Iron & Steel, 2017 – 2027, (US$ Bn)
FIG. 21 Global ASP Market Value for Oil & Gas, 2017 – 2027, (US$ Bn)
FIG. 22 Global ASP Market Value for Chemical, 2017 – 2027, (US$ Bn)
FIG. 22 Global ASP Market Value for healthcare, 2017 – 2027, (US$ Bn)
FIG. 23 Global ASP Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 24 North America ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific ASP Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World ASP Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Air Separation Plant (ASP) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global ASP Market, by Process, 2017-2027, (US$ Bn)
TABLE 5 Global ASP Market, by Gas, 2017 – 2027, (US$ Bn)
TABLE 6 Global ASP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 Global ASP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 8 North America ASP Market, by Process, 2017-2027, (US$ Bn)
TABLE 9 North America ASP Market, by Gas, 2017 – 2027, (US$ Bn)
TABLE 10 North America ASP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America ASP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 12 Europe ASP Market, by Process, 2017-2027, (US$ Bn)
TABLE 13 Europe ASP Market, by Gas, 2017 – 2027, (US$ Bn)
TABLE 14 Europe ASP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe ASP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific ASP Market, by Process, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific ASP Market, by Gas, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific ASP Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific ASP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World ASP Market, by Process, 2017 – 2027, (US$ Bn)
TABLE 21 Rest of the World ASP Market, by Gas, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World ASP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World ASP Market Value, by Region, 2017 – 2027, (US$ Bn)
TABLE 24 Linde AG: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Air Liquide: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Praxair Technology, Inc.: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Air Products and Chemicals, Inc.: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 TAIYO NIPPON SANSO CORPORATION: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Universal Industrial Gases, Inc. Universal Cryo Gas, LLC: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 ENERFLEX LTD.: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Messer Group GmbH: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Technex: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Yingde Gas Group Co., Ltd.: Company Snapshot (Business Description; Gas Portfolio; Financial Information; Business Overview and Recent Development)