Global Air Separation Plant Market to reach USD 6 billion by 2027.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. For instance, as per Statista, according to the data from the NGO PATH (as of May 2, 2021), India's medical oxygen demand had already surpassed 2.3 million standard 7 m cylinders per day, nearly six times that of Brazil, which required roughly 385,000 cylinders per day. Furthermore, growing private players initiatives such as product launches and acquisitions boost the market growth in the forecasting years. For instance, Linde Plc signed a long-term deal with BorsodChem Zrt. for the delivery of nitrogen, oxygen, and compressed air to its Kazincbarcika chemical complex in January 2021, a Hungarian chemical manufacturer and member of the Wanhua Chemical Group. Linde will develop one of Hungary's largest air separation units, which will be completed by the end of 2021. However, high costs associated with fabrication, component assembly, and operations may impede market growth over the forecast period of 2021-2027.

Geographically, Asia Pacific is dominating the owing to the numerous positive factors such as increasing consumption in countries such as Japan, China and India, and increasing metal production. The Asia Pacific region has the highest production and consumption, as well as one of the world's largest oil refining capacities. It is also the world's manufacturing centre, with a variety of heavy machinery and equipment manufacturers.

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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. 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
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

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