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Air separation plant Market deals with separation of atmospheric air into nitrogen and oxygen. Sometimes it also deals with other gases such as argon, and other gases. It has its wide application in iron & steel, oil & gas, chemical, healthcare, and others. Stringent safety and environmental regulations may act as the major driver in the growth of air separation plant market. Technical and cost factors may hamper the market. Stringent safety and environmental regulations, this act as driver to the market. Increase industrial development activities in MEA, this act as driver to the market.
Air separation Plant Market is expected to rise from its initial estimated value of USD 3.74 billion in 2018 to an estimated value of USD 5.96 billion by 2026, registering a CAGR of 6 % in the forecast period of 2019-2026. This rise in market value can be attributed to the increased demand for photovoltaic products and plasma display channels.
Global Air separation Plant Market By Gas (Nitrogen, Oxygen, Argon, Diesel); By Type (Cryogenic, Non-cryogenic); End-user (Iron & Steel, Oil & Gas {Upstream, downstream}, Chemical, Healthcare, food & beverage, glass industry, coal gasification), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Technical and cost factors is the restraints to the market.
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Segmentation: Global Air separation Plant Market:
Key Developments in the Market:
In October 2016, Praxair announced the start of its second air separation plant of 1,300 TPD in Port of Antwerp and the extending of its pipeline system in the Port of Antwerp; it is a one of the world’s largest petrochemical production complexes. The new facility also produces liquid oxygen, nitrogen, and argon. In September 2016, Linde AG and U.S. rival Praxair Inc. confirmed they are in preliminary merger talks for a deal to create the world’s largest industrial-gas supplier with a potential market value of more than USD 60 billion.
Competitive Analysis:
Global air separation plant market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of air separation plant market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in air separation plant market are Air Liquide (France), Linde (Ireland), Praxair Technology, Inc. (UK), Air Products and Chemicals, Inc. (US), Messer Group GmbH (Germany), TAIYO NIPPON SANSO CORPORATION (Japan), UIG (USA), ENERFLEX LTD. (Canada), Technex, Astim (Europe), BD|SENSORS GmbH (Germany), Toro Equipment (Europe), WesTech Engineering, Inc. (USA), Lenntech B.V. (Europe), Gulf Gases, Inc. (USA), Linde (Germany), Instrument & Supply, Inc. (USA), JBI Water & Wastewater (USA),H2FLOW EQUIPMENT INC (Canada), HABA tuotteet (US), Eco-Tech, Inc. (US), RCBC Global Inc (Germany) and others.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Capture Global Air separation Plant Market:?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Air separation Plant Market:?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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