Global Non-cryogenic Air Separation Plants Market 2018-2022
About Non-cryogenic Air Separation Plants
Non-cryogenic air separation plants are designed to produce gases like oxygen, nitrogen, and argon through various processes such as pressure swing technology, pressure swing adsorption, and membrane technology. The major end-users of such industrial gases are industries like metallurgy, chemicals, oil and gas, healthcare, paper and pulp, electronics, aerospace, water and wastewater, and the food and beverage sector.
Technavio’s analysts forecast the global non-cryogenic air separation plants market will reach more than USD 1 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global non-cryogenic air separation plants market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Non-cryogenic Air Separation Plants Market 2018-2022
Technavio recognizes the following companies as the key players in the global non-cryogenic air separation plants market: Air Liquide, Linde Group, Messer, PCI, Praxair, and Universal Industrial Gases.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emerging carbon capture systems. In the recent times, industries cannot dispose of their polluted air in the atmosphere with the advent of strict emission norms like clean air act. Air from the industries must be purified to meet emission standards before releasing into the atmosphere.”
According to the report, one driver in the market is rising global demand for oil and gas. Non-cryogenic air separation plants have a wide range of application in oil and gas industry. The oil and gas industry has a high demand for non-cryogenic air separation plants for applications such as oil refining, gas processing, and storing.
Further, the report states that one challenge in the market is uncertainties associated with crude oil prices. Crude oil prices always have high uncertainty due to various factors such as production cost, operation cost, and change in prices due to supply-demand imbalances and fluctuations because of lack of investments.
Universal Industrial Gases
List of abbreviations
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