Nov 22, 2018   SOURCE: BusinessWire

Global Air Separation Unit Market by Process, Gas, End User and Geography - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com

The "Global Air Separation Unit Market - Segmented by Process, Gas, End User, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The growing demand for industrial & specialty gases in the oil & gas industry and increased purity level of gases, owing to technological advancements in distillation and filtration capabilities, are some of the factors that are expected to drive the air separation unit market during the forecast period.

Increasing Usage of Industrial Gases in Various Industries - Driving the Air Separation Unit Market

The demand for industrial gases, such as nitrogen, oxygen, argon, and others, have been increasing for application in various industries. One of the drivers for nitrogen demand is the expansion of the global infrastructure to enable the production, transport, and use of liquefied natural gas (LNG).

Nitrogen has heavy usage at every stage of LNG supply chain. The increasing establishments of commercial gasification facilities will have massive oxygen requirements. Moreover, developments in the Oxyfuel Combustion process are expected to drive demand for tonnage oxygen, during 2018-2023 (the forecast period).

The increasing usage in the electronic and food industries is accelerating the demand for argon, which is anticipated to drive the global demand for air separation units.

Asia-Pacific to Dominate the Market

In 2016, Asia-Pacific accounted for the largest share of the global air separation unit market. The growth of Asia-Pacific can be attributed to the increasing demand for air separation units from the iron & steel, oil & gas and chemical end-user segments. This region is projected to dominate the global air separation unit market, during the forecast period.

Moreover, North America is projected to be the fastest-growing region, during the forecast period. The stringent environmental regulations are also driving the market, owing to the increased use of pure oxygen over the ambient air, to burn coal or natural gas in power stations, in order, to promote clean technology initiatives and curb pollution, worldwide.

2017 Market Developments

  • November 2017: Airgas USA LLC planned to construct a new air separation unit (ASU) in Mebane, North Carolina. The facility is expected to increase Airgas' production capabilities in North Carolina's research triangle area, while also strengthening its East Coast merchant gases network.
  • June 2017: Air Products and Linde entered into a joint venture to construct a USD 60 million "world-scale" air separation unit and industrial gas liquefier near Albany, New York.
  • June 2017: SINOPEC and The Linde Group signed a USD 162 million joint venture to strengthen air gases supply in China's Ningbo Chemical Industrial Zone.
  • April 2017: Air Product's joint venture INOX Air Products Ltd in India, planned to build six new air separation units (ASU), which is likely to serve the growing onsite and merchant liquid industrial gases market in India. The six plants are scheduled to come on-stream during the course of 2018 and 2019.

Key Topics Covered

1. EXECUTIVE SUMMARY

2. RESEARCH METHODOLOGY

3. MARKET OVERVIEW

3.1 Introduction

3.2 Market Size and Demand Forecast, till 2023

3.3 Government Policies and Regulations

3.4 Recent Trends and Developments

4. MARKET DYNAMICS

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. VALUE CHAIN ANALYSIS

6. INDUSTRY ATTRACTIVENESS: PORTER'S FIVE FORCES ANALYSIS

6.1 Bargaining Power of Suppliers

6.2 Bargaining Power of Consumers

6.3 Threat of New Entrants

6.4 Threat of Substitute Products and Services

6.5 Intensity of Competitive Rivalry

7. GLOBAL AIR SEPARATION UNIT MARKET ANALYSIS, BY PROCESS

7.1 Cryogenic Distillation

7.2 Non-cryogenic Distillation

8. GLOBAL AIR SEPARATION UNIT MARKET ANALYSIS, BY GAS

8.1 Nitrogen

8.2 Oxygen

8.3 Argon

8.4 Other Gases

9. GLOBAL AIR SEPARATION UNIT MARKET ANALYSIS, BY END USER

9.1 Chemical Industry

9.2 Oil and Gas Industry

9.3 Iron and Steel Industry

9.4 Other End Users

10. GLOBAL AIR SEPARATION UNIT MARKET ANALYSIS, BY GEOGRAPHY

10.1 North America

10.2 Europe

10.3 Asia-Pacific

10.4 South America

10.5 Middle East & Africa

11. KEY COMPANY PROFILES

11.1 Linde AG

11.2 Messer Group GmbH

11.3 Praxair Inc.

11.4 Shanghai Chinllenge Gases Co. Ltd.

11.5 Taiyo Nippon Sanso Corporation

11.6 Air Liquide SA

11.7 Air Products & Chemicals Inc.

11.8 Universal Industrial Plants Mfg. Co. Pvt. Ltd.

11.9 Ellenbarrie Industrial Gases Ltd.

11.10 Enerflex Ltd.

11.11 Sichuan Air Separation Group

11.12 Yingde Gases Group Company Limited

12. COMPETITIVE LANDSCAPE

12.1 Mergers and Acquisitions

12.2 Joint Ventures, Collaborations and Agreements

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