North America is one of the leading producers and distributors of cylinder filling plants, high purity oxygen and various gas producer for industrial, medical, and other applications.
Air Separation Plants Market to exceed USD 6,636 million by 2025
As per the analysis by Market Research Future Reports (MRFR), the global air separation plants market
is estimated to value over USD 6,636 million by 2025 with a CAGR of 5.02% during the forecast period.
The global air separation plant is very competitive and is likely to experience expansion during the
review period. The expansion of the air separation plant market 2020 is affected by product innovation
and technologies. Moreover, increased demand for industrial and specialty gases has resulted in an
expansion of the market at a global level. Moreover, the rapid industrialization in developing
economies and increased usage of industrial gases in the PV industry and innovating technologies are
estimated to propel the market during the review period. However, the expenses involved are a huge
barrier to the expansion of the global air separation plants market. The expense of electricity is the
most considerable operating price incurred in air separation plants. Apart from this, the electric
motors that are used for the compression device, cooling system and heaters also add more to the
cost. Additionally, the expensive cost of laser and infrared technology-based equipment for operation
tracking in plants for the appropriate and efficient solution will add more to the overall expense. These
factors are likely to bring constraints to the expansion of the global market during the review period.
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On the basis of application, the global air separation plants market has been classified as an oil and
gas industry, chemical, metallurgy, paper, and others. In 2018, the metallurgy vertical reigned the
market and was dominant throughout the period.
On the basis of process, the global air separation plants market has been classified into non-cryogenic
and cryogenic distillation. Between these two processes, the cryogenic di