Air Separation Plant Market Set to Grow: Insights into Cryogenic and Non-Cryogenic Processes Through 2028
The air separation plant market is projected to grow from USD 5.4 billion in 2023 to USD 6.8 billion by 2028, at a CAGR of 4.6% from 2023 to 2028. The expanding industrial sector significantly influences the market for air separation plants, particularly in developing nations. Enormous quantities of gases like nitrogen, oxygen, and argon are needed by industries including oil & gas, chemicals, steel, healthcare, and electronics, and air separation plants produce these gases.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=210435735
Companies such as Linde Plc (UK), Air Liquide SA (France), Air Products and Chemicals, Inc. (US), Taiyo Nippon Sanso Corporation (Japan), and Messer Group GmbH (Germany) fall under the winners’ category. These are leading players in the air separation plant market globally. These players have adopted the strategies of acquisition, agreement, contract, divestment, expansion, investment, joint venture, merger, and new product development to fulfill the rising demand for air separation plants on the regional and global levels.
Linde Plc
Linde Plc operates in various business segments, such as chemical & energy, manufacturing, healthcare, metals & mining, food & beverage, and electronics. The company designs and manufactures equipment for air separation and other industrial gas applications. Linde Plc serves diverse industries, including healthcare, petroleum refining, manufacturing, food & beverage, fiber-optics, steel making, aerospace, chemicals, electronics, and water treatment. In January 2023, Linde Plc acquired remaining interests in NexAir, LLC, one of the US's most prominent independent packaged gas distributors, to expand its presence in the Southeastern US.
Air Products and Chemicals, Inc.
Air Products and Chemicals, Inc. has a geographic presence in the Americas, Asia Pacific, and Europe. The industrial Gases business of the company produces atmospheric gases, such as oxygen, nitrogen, and argon, and process gases, such as hydrogen, helium, carbon dioxide (CO2), carbon monoxide, syngas, and specialty gases. The company’s Industrial Gases – Global segment includes activities related to the sale of cryogenic and gas processing equipment for air separation. In May 2023, Air Products and Chemicals, Inc. acquired Uzbekneftegaz’s advanced gas-to-liquids facility in Uzbekistan.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210435735
Air Liquide SA
Air Liquide SA operates in North America, Europe, South America, Asia Pacific, Middle East & Africa. The company’s Global Markets & Technologies segment provides utility gases for companies operating in the maritime sector, namely, offshore oil and gas platforms (construction and maintenance, support to drilling, analytical services, diving gases), offshore wind turbines, and cryogenic transportation by sea. In February 2021, Air Liquide SA signed a new long-term contract to supply oxygen and nitrogen to one of BASF’s largest European sites.
Read Our Trending Press Release Below:
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
