Transparency Market Research sheds light on the future of the global air separation market through its new research report. The publication, titled “Air Separation Plant Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, is a thorough outlook on the ever-changing dynamics of the market in question. It assesses the strength, weaknesses, opportunities, and threats that are likely to shape the trajectory of the global air separation market. Analysts have also discussed the changing policies pertaining to rising pollution concerns, which are expected to impact the overall market.
According to the research report, the global air separation market is expected to flourish in the coming years due to growing concerns about air pollution, especially in the urban and industrial areas. Air separation plants are being installed to ensure better quality of air and to adhere to the stringent environment protection norms. The soaring demand for pure air gases has presented the global air separation plant market with many lucrative opportunities. One of the key end users of air separation plants is the oil and gas industry.
On the basis of air separation, the global market is segmented into non-cryogenic and cryogenic. Out of these, the demand for cryogenic process is expected to be in the lead. This process applies low temperature rectification by using boiling point of multiples gases present in the air. This process is being extensively adopted in medium to large scale industries for producing oxygen, nitrogen, argon, and many other atmospheric gases in gaseous or liquid state.
From a geographic point of view, the global air separation market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Out of these, Asia Pacific is expected to be the key regional market for the air separation market in the forthcoming years. Booming manufacturing sectors of developing countries such as India and China are expected to keep this region in the forefront. Rise of manufacturing industries has led to increase in air pollution, making it detrimental for living in many parts of these countries. The report points out that Europe and North America are likely to be mature markets.
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Some of the leading players operating in the global air separation market are Air Products and Chemicals Inc., The Linde Group, Hangzhou Hangyang Co. Ltd., Phoenix Equipment Corporation, and ING. L&A. Boschi. Analysts have studied the competitive landscape present in the global air separation market and provided a thorough explanation of the financial outlook, research and development, and expansion plans of the leading players. The publication also includes a Porter’s five forces analysis that helps in analyzing the threats present to the existing players and the opportunities for the new entrants.