# Air Separation Plant Market projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028: FMI Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-01-04 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Air Separation Plant Market to Reach US$ 7,891.1 Mn by 2028 Meta Description: Discover the growth landscape, key players, and future trends of the global air separation plant market, with a focus on customised solutions and M&A URL: https://financedigest.com/air-separation-plant-market-projected-to-expand-at-a-cagr-of-5-to-attain-a-net-worth-of-us-7-9-bn-by-the-end-of-2028-fmihtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-2-1736836519685-compressed.jpg) Registering a steady **CAGR of 4.9%,** the global market for air separation plant will reach a valuation of **US$ 7,891.1 Mn** by 2028, with China holding majority of the global market share in the coming decade. Tremendous urbanization and industrialization is expected to generate demand for air separation plant in the SEA and Pacific region. As per a recent analysis by [Future Market Insights](https://www.financedigest.com/global-identity-as-a-service-market-size-worth-us-135-0-billion-by-2033-at-a-30-4-cagr-future-market-insights-inc.html "Global Identity As A Service Market Size worth US$ 135.0 Billion by 2033 at a 30.4% CAGR | Future Market Insights, Inc."), the demand for air separation plants in the global market is expected to be relatively strong over the forecast period of 2022-2028. Growth landscape of the [air separation plant market](https://www.futuremarketinsights.com/reports/air-separation-plant-market) will be positively impacted by the strong recovery underway in the emerging markets of developing world especially South East Asia & Pacific (SEAP). Cryogenic air separation plants are likely to dominate the market, with a total value share of 34.5% through 2018. **An Overview of the Global Air Separation Plant Market** A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverages industries. Air separation plants are used for separating atmospheric air into industrial gases—including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant [market to grow in the coming years](https://www.financedigest.com/battery-swapping-charging-infrastructure-market-to-be-worth-us-1359-43-million-by-year-2033-at-a-cagr-of-21.html "Battery Swapping Charging Infrastructure Market to be worth US$ 1359.43 Million by year 2033 at a CAGR of 21%"). Growing emphasis on gas packaging, rapid refrigeration, and freezing technologies in the food and beverages industry is fuelling the demand for liquid nitrogen freezing. Several air separation plant manufacturers are specifically launching units for gas-related [products in the food](https://www.financedigest.com/end-of-cheap-money-for-u-s-farmers-plows-trouble-into-food-production.html "End of cheap money for U.S. farmers plows trouble into food production") industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will ramp up the [investments in air separation plants](https://www.financedigest.com/germanys-merck-to-invest-300-million-euros-in-us-gas-plant.html "Germany’s Merck to invest 300 million euros in US gas plant") market in the coming years. Moreover, a large number of industrial activities are shifting towards high purity gases—enhancing innovation in the air separation plant market. Chemical properties such as reactivity and physical properties including density, boiling point, and vapour pressure makes these gases suitable for applications in several industries—known as fuel gases, medical gases, refrigerant gases or [specialty gases as per the industry](https://www.financedigest.com/best-paying-jobs-in-industrial-specialties.html "Best paying jobs in industrial specialties") they are used it. **Growing Demand for Pure Gases Augmenting Adoption of On-site Air Separation Plants** In lieu of growing demand for on-site gas generation for environmental-friendly operations, key players in the air separation plant [market are catering to diverse needs](https://www.financedigest.com/why-markets-need-a-players-more-than-ever-before.html "Why markets need A-Players more than ever before") of several industries looking for volume and purity, with customizable on-site production solutions. On-site air separation plant enhances energy efficiency, boosts product quality, and increases throughput. Modular configuration, designed with backup systems, and easy installation and integration are some factors pushing the adoption of on-site air separation [plant technologies—offering highly reliable source](https://www.financedigest.com/exclusive-foxconn-woes-could-hit-at-least-30-of-iphone-nov-shipments-from-china-plant-source.html "Exclusive: Foxconn woes could hit at least 30% of iPhone Nov shipments from China plant – source") of energy. **For critical [insights on this market](https://www.financedigest.com/reverse-logistics-market-is-projected-to-have-a-cagr-of-12-through-2032-future-market-insights-inc.html "Reverse Logistics Market is projected to have a CAGR of 12% through 2032 | Future Market Insights, Inc."), request to ask an expert here @** **https://www.futuremarketinsights.com/ask-question/rep-gb-2886** **Customized Solutions, M&A, and Divestments: Key Strategies [Driving the Global Air](https://www.financedigest.com/india-resists-calls-for-more-air-access-in-drive-to-be-global-aviation-force.html "India resists calls for more air access in drive to be global aviation force") Separation Plant Market** Top players operating in the global air separation plant market are focussing on [strategic mergers and acquisitions](https://www.financedigest.com/incentive-fm-group-announces-latest-strategic-me-acquisition.html "INCENTIVE FM GROUP ANNOUNCES LATEST STRATEGIC M&E ACQUISITION") to expand their businesses in regions with high industrial growth. Manufacturers are also empowering end-users with innovations and digitization in air separation plants for increased operator comfort and protection. In order to meet specific customer demands in terms of gas volume and purity, market players are customizing air separation plants. For instance, Linde AG serves a major share of customers looking for customized solution owing to their worldwide presence and vast experience in engineering and operation of customized air separation plants. However, factors such as high capital costs associated with setting up of air separation units and cyclical fluctuations in end-user markets could negatively impact the growth of air separation plants market, in terms of market volume. Mature markets of Japan are likely to reduce air separation plants deployments in the coming years. **Key Segments of Air Separation Plant Industry Survey** **Air Separation Plant Market by Type:** - Cryogenic Air Separation Plants - Non-cryogenic Air Separation Plants - Pressure Swing Adsorption (PSA) - Vacuum Pressure Swing Adsorption (VPSA) - Membrane Separation **Air Separation Plant Market by Gas:** - Oxygen - Nitrogen - Argon - Diesel **Air Separation Plant Market by End-use Industry:** - Air Separation Plants for Chemical Industry - Air Separation Plants for Iron & Steel Industry - Air Separation Plants for Healthcare Industry - [Air Separation Plants for Food](https://www.financedigest.com/food-of-the-future-london-air-raid-shelter-to-underground-farm.html "Food of the future: London air raid shelter to underground farm") & Beverage Industry - Air Separation Plants for Paper & Pulp Industry - Air Separation Plants for Oil & Gas Industry - Others **Air Separation Plant Market by Region:** - North America Air Separation Plant Market - Latin America Air Separation Plant Market - Europe Air Separation Plant Market - East Asia Air Separation Plant Market - South Asia & Pacific Air Separation Plant Market - Middle East & Africa (MEA) Air Separation Plant Market ### **Explore FMI’s Extensive Coverage on Industrial Automation Domain** [Weatherization Services Market –](https://www.futuremarketinsights.com/reports/weatherization-services-market)  The global weatherization services market to grow with a year-on-year growth of 4.0%, reaching US$ 35 Bn by the end of 2022 [Inflatable Tents Market –](https://www.futuremarketinsights.com/reports/inflatable-tents-market) The global inflatable tents market has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022. [Vibrating Screen Market](https://www.futuremarketinsights.com/reports/vibrating-screens-market) – Sales in the global vibrating screen market are slated to top US$ 1.37 Bn in 2022. Expanding at a healthy 7.6% CAGR, the [market size](https://www.financedigest.com/mobile-hospitals-market-size-worth-us-52-8-billion-by-2031-cagr-of-10.html " Mobile Hospitals Market Size Worth US$ 52.8 Billion by 2031 | CAGR of ~10%") is projected to total US$ 2.3 Bn by 2028. **About [Future Market Insights](https://www.financedigest.com/flat-glass-market-is-projected-to-accelerate-at-a-cagr-of-5-2-to-top-us-8-8-billion-by-2032-future-market-insights-inc.html "Flat Glass Market is Projected to Accelerate at a CAGR of 5.2% to top US$ 8.8 Billion by 2032 | Future Market Insights, Inc.") 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A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. **Contact:** [Future Market Insights](https://www.financedigest.com/plant-based-protein-market-is-expected-to-grow-at-a-cagr-of-around-7-2-during-2022-to-2032-future-market-insights-inc.html "Plant-Based Protein Market is expected to grow at a CAGR of around 7.2% during 2022 to 2032 | Future Market Insights Inc."), 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates **For Sales Enquiries**: [sales@futuremarketinsights.com](mailto:sales@futuremarketinsights.com) **For Media Enquiries**: [press@futuremarketinsights.com](mailto:press@futuremarketinsights.com) **Website**: [https://www.futuremarketinsights.com/](https://www.futuremarketinsights.com/) **Report**: [https://www.futuremarketinsights.com/reports/air-separation-plant-market](https://www.futuremarketinsights.com/reports/air-separation-plant-market) **Press Release Source**: [https://www.futuremarketinsights.com/press-release/air-separation-plant-market](https://www.futuremarketinsights.com/press-release/air-separation-plant-market) --- This blog is powered by Superblog. 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