Air Separation Plant Market COVID 19 Impact Analysis SWOT Analysis, Key Indicators, Forecast 2027 the Top Companies Air Liquide SA, Messer Group GmbH, Daesung Industrial

Air Separation Plant Market Forecast and Growth through COVID 19, Competitive Landscape, Segments, Key Regions Overview by 2027

London, UK -- (SBWIRE) -- 12/01/2021 -- Global Air Separation Plant Market is valued approximately at USD 4.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2021-2027. Air separation plants are often used to separate main components from ambient air, such as oxygen, nitrogen, argon, and other gases. Fractional distillation is the most frequent method for air separation. To extract a single component from ordinary air, commercial methods such as membrane, pressure swing adsorption (PSA), and vacuum pressure swing adsorption (VPSA) are used. High purity oxygen, nitrogen, and argon, used for semiconductor device fabrication, require cryogenic distillation. The market is driven by increased demand for medical oxygen due to COVID-19 and growing demand for industrial gases from dynamic manufacturing sectors.

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Major Market Player included in this report are:
- Air Liquide SA
- Messer Group GmbH
- Daesung Industrial Co., Ltd
- Linde Plc
- INOX Air Products Private Limited
- Hangzhou Hangyang Co., Ltd.
- Air Products and Chemicals, Inc.
- Enerflex Ltd.
- Yingde Gases Group Co., Ltd.
- Taiyo Nippon Sanso Corporation

Global Air Separation Plant Market is appreciated at USD in billion in the past year and is anticipated to grow with a strong growth rate of more than % over the forecast period 2021-2027. Air separation plants are often used to separate main mechanisms from ambient air, such as oxygen, nitrogen, argon, and other gases. Fractional distillation is the most recurrent method for air separation. To abstract a single component from ordinary air, profitable methods such as membrane, pressure swing adsorption (PSA), and vacuum pressure swing adsorption (VPSA) are used. Increased demand for medical oxygen due to COVID-19 and growing demand for industrial gases from active manufacturing sectors. For instance, as per Statista, given to the data from the NGO PATH, India's medical oxygen request had already exceeded million standard 7 m cylinders per day, approximately six times that of Brazil, which required unevenly 385,000 cylinders per day. Furthermore, growing private players' creativities such as product launches and acquisitions boost the market growth in the forecasting years.

The detailed segments and sub-segment of the market are explained below:
By Process:
- Cryogenic
- Non-cryogenic

By Gas:
- Nitrogen
- Oxygen
- Argon
- Others

By End use Industry:
- Iron & Steel
- Oil & Gas
- Chemical
- Healthcare
- Others

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Air separation plant refers to services where atmospheric air is separated into its primary mechanisms such as nitrogen, oxygen, hydrogen, and other rare passive gases such as krypton, xenon, argon, and helium. Air separation plants support the growth of a vast number of industries and act as a worthwhile source for recovering rare gases and high purity oxygen and nitrogen. Increasing demand for industrial & specialty gases in the oil & gas sector due to technological improvements in condensation and purification capabilities, fueling the global market growth.

Regional Analysis
Geologically, Asia Pacific is controlling the owing to the numerous encouraging factors such as cumulative consumption in countries such as Japan, China, and India and increasing metal production. The Asia Pacific region has the highest manufacture and consumption, as well as one of the world's largest oil refining capacities. It is also the world's manufacturing center, with a variety of heavy equipment and tackle manufacturers.

Overview
The objective of the study is to describe market sizes of diverse sections & countries in current years and to estimate the values for the pending eight years. The statement is prearranged to incorporate both qualitative and quantitative features of the industry within each of the regions and countries complicated in the study. Moreover, the report also provides detailed information about the serious characteristics such as driving factors & challenges which will define the future growth of the market. Additionally, the report will also include available chances in micro markets for stakeholders to participate along with the complete examination of the inexpensive landscape and product offerings of important players.

Target Audience of the Global Air Separation Plant Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors

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