Global Aircraft Brake System Market and Forecast to 2022
The global market for air separation plants is growing at a promising pace, with a series of product quality and environmental protection standards that merge to increase the use of clean air gases in various industries. Several industries continue to consume large amounts of pure oxygen and other atmospheric gases over the ambient air to minimize pollution and respect clean initiatives.
The oil and gas industry continues to be one of the largest consumers of pure gas, which contributes significantly to the overall development of the global market for air separation plants. It is expected that this end-user sector will provide significant growth opportunities in the global market in the near future, particularly in regions such as North America, where the gas industry is thriving. The thriving food industry, both in developed and developing countries, is emerging as a key consumer of food grade gases such as nitrogen, carbon dioxide and oxygen, which are used in many fields.
Due to the rapid growth of demand for pure gas, the global market for air separation plants presents significant growth opportunities and is seeing the arrival of many new players. To stay at the forefront of intense competition, companies are focusing on the re-engineering of air separation techniques to improve the efficiency of operations, increase production capacity, and reduce costs and consumption of energy associated with production processes.
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Drivers and Restraints:
Air separation plants are used to separate atmospheric air into its main components, including nitrogen and oxygen, with the exception of other rare inert gases such as xenon, neon, helium and krypton. These plants are used to separate the necessary gases so that they can be used for a variety of purposes in industries such as iron and steel, coal gasification, medicine and chemicals. Generally, it is considered that air separation facilities are the only viable source to recover the noble gases required in the industries mentioned above. The development of these industries is an important factor in the market for air separation plants. However, new applications for these plants are constantly being discovered. For example, air separation facilities have recently been used in integrated gasification combined cycle (IGCC) plants to reduce carbon emissions. The green industry is also emerging as a viable new market for air separation plants. However, the oil and gas, and iron and steel industries are the main sources of income for the global market for air separation plants. Air separation facilities have no viable alternatives. As a result, the outlook for the air separation plant market seems promising.
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Geographic Segmentation:
In terms of region, Asia Pacific dominates the global market for air separations. The industrial sector in the region, particularly in China and India, offers lucrative opportunities for the market for air separation facilities. On the contrary, North America and Europe are mature markets. The Middle East, Africa and Latin America are among the low-income producers. The Asia Pacific is expected to maintain its dominant position in the market for air separation facilities during the forecast period. It is expected that the market performance of air separation plants in Europe and North America will also improve in the coming years.
Prominent companies operating in the air separation plant market include The Linde Group; Phoenix Equipment Corporation; Air Products and Chemicals Inc.; Hangzhou Hangyang Co. Ltd.; ING. L&A. Boschi; Kobelco Air Water Cryoplant, Ltd; Air Liquide; Matheson K-Air India Pvt. Ltd.; Siemens, Servomex Group Limited, and Universal Industrial Gases, Inc.
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