Global Air Separation Unit Market – Overview, Size, Share, Growth, Trends and Forecasts (2017 - 2022)
Air Separation Unit Market
The market valued at USD XX million in 2016, is projected to reach USD XX million by 2022, registering a CAGR of XX%, during 2017-2022 (the forecast period). ). The growing demand for industrial & specialty gases in oil & gas industry and increased purity level of gases, owing to technological advancements in distillation and filtration capabilities, are some of the factors that drive the air separation unit market.
A typical air separation unit/plant divides atmospheric air into the three pure gaseous components of nitrogen (N2), oxygen (O2) and argon (Ar). Moreover, the plant separates other rare inert gases (krypton, xenon, helium, neon) through cryogenic rectification of air.
The air separation techniques, used around the world, are constantly being re-engineered. Further, the ongoing optimization efforts are aimed at raising the overall operating efficiencies and increasing the production capacity that is possible with a single air separation unit, to reduce the energy consumption and high capital costs associated with producing oxygen and nitrogen. The active R&D activities reduce the energy requirements of air separation units in tonnage quantities.
Cryogenic Distillation Process Holds the Largest Share in the Global Air Separation Market
There are two types of plants involved in the process of separating air into various components, i.e. cryogenic air separation units and non-cryogenic air separation units. The cryogenic air separation processes are used in medium to large scale plants to produce nitrogen, oxygen, argon and other atmospheric gases in liquid or gaseous form. It is the most typical and largest process segment of air separation unit market. The primary factors for the selection of cryogenic process, over other process technology, are low capital and operating expenditure, ease of operation, low maintenance cost, plant and component reliability, process control features and relatively higher capacity.
The rise in usage of industrial gases in various industries is driving the global air separation market.
The global air separation market, based on the type of gases, is segmented into Nitrogen, Oxygen, Argon and others. Nitrogen is used to improve oil & gas recovery. One of the drivers for nitrogen demand is the expansion of the global infrastructure to enable the production, transport, and use of liquefied natural gas (LNG). Nitrogen has heavy usage at every stage of LNG supply chain. The increasing establishments of commercial gasification facilities will have massive oxygen requirements. Moreover, developments in the Oxyfuel Combustion process are expected to drive demand for tonnage oxygen, during 2017-2022 (the forecast period). The increasing usage in the electronic and food industry is accelerating the demand for argon, which is anticipated to drive the global demand for air separation units.
Steel Industry Holds the Largest End-User Segment of the Global Air Separation Plant Market
The global air separation market, based on the end-users, is divided into oil & gas industry, steel industry, chemical industry, food & beverage industry, health care industry and others. Among all, the steel industry is estimated to be one of the biggest contributors to the growth of the air separation unit market. Steel industries use oxygen for the primary steel making process, which, in turn, will drive the global market for air separation unit. The oil & gas segment is projected to grow at a higher rate, during the forecast period, due to the rising demand from end applications, such as for enhanced oil & gas recovery.
Asia-Pacific is leading the Global Air Separation Market
The market, based on the geographic area, is segmented into North America, Europe, Asia-Pacific and rest of the World. In 2016, Asia-Pacific accounted for the largest share of the global air separation unit market. The growth of Asia-Pacific can be attributed to the increasing demand for air separation units from the iron & steel, oil & gas and chemical end-user segments. This region is projected to dominate the global air separation unit market, during the forecast period. Moreover, North America is projected to be a fastest growing region, during the forecast period. The stringent environmental regulations are also driving the market, owing to the increased use of pure oxygen over the ambient air, to burn coal or natural gas in power stations, in order, to promote clean technology initiatives and curb pollution, worldwide.
The market for air separation unit is expanding at a rapid pace, however, it is facing some obstacles. Some of the factors that hinder the growth of air separation unit market are high energy consumption, high capital costs, among others.
The Key Players Active in the Global Air Separation Unit Market are:
Air Liquide S.A.
Air Products and Chemicals Inc.
Gas Engineering LLC.
Messer Group GmbH
Ranch Cryogenics Inc.
Sichuan Air Separation Group
Taiyo Nippon Sanso Corporation
Universal Industrial Gases
Key Deliverables in the Study
Market Overview - market analysis and identification of key drivers, restraints and opportunities
Major trends and economic outlook
Value chain analysis
Porter’s five force analysis
Comprehensive summary on the industry sectors and regions poised for the fastest growth
Air separation unit market analysis by process type, gases type, region and industries served
Future outlook of the market
Extensively researched competitive landscape section with profiles of major companies
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