# Air Separation Plant Market to Register 5% CAGR Driven by Surging Demand for Nitrogen Gas within Food & Beverage Sector: Future Market Insights Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-02-17 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Air Separation Plant Market Analysis 2022-2028 Meta Description: Explore the latest market trends, forecasts, and key factors affecting the growth trajectory in the air separation plant market. Get valuable insights from FMI. URL: https://financedigest.com/air-separation-plant-market-to-register-5-cagr-driven-by-surging-demand-for-nitrogen-gas-within-food-beverage-sector-future-market-insightshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736816220450-compressed.jpg) _A comprehensive analysis on the air separation plant_ _market by_ _[Future Market Insights](https://www.financedigest.com/216-pages-future-market-insights-analysis-on-meat-packaging-market-demand-outlook-offers-compelling-insights-into-key-factors-driving-sales.html "216 Pages Future Market Insights Analysis on Meat Packaging Market Demand Outlook Offers Compelling Insights into Key Factors Driving Sales") (_ _FMI) offers compelling insights into key factors affecting the growth trajectory in the market_. _It uncovers hidden opportunities pushing the sales across various segments in terms of type, gas, and end use industry. The report also forecast the scope of expansion across developed and developing economies._ [Future Market Insights](https://www.financedigest.com/kombucha-market-to-boom-at-a-lively-cagr-of-17-4-through-2033-emerging-demand-in-inventive-non-alcoholic-drinks-to-spur-the-market-future-market-insights-inc.html "Kombucha Market to Boom at a Lively CAGR of 17.4% through 2033: Emerging Demand in Inventive Non-Alcoholic Drinks to Spur the Market | Future Market Insights Inc. ") (FMI), Dubai:Sales in the [global air separation plant](https://www.futuremarketinsights.com/reports/air-separation-plant-market) **are estimated to reach US$ 5.9 Bn in 2022**, as per FMI. In response to increasing use of air separation plants in the extraction of diesel and natural gas across the oil and gas industry, the market is estimated to total US$ 7.9 Bn by the end of 2028. Surging need for rapid refrigeration, gas packaging, and freezing technologies across the food & beverages industry is fueling the demand for nitrogen in gas as well as liquid form. As air separation plants are used for extraction of nitrogen from atmospheric air, rise in demand for nitrogen is [expected to facilitate the growth in the market](https://www.financedigest.com/premium-chocolate-market-is-expected-to-have-a-cagr-of-8-8-through-2032-future-market-insights-inc.html "Premium Chocolate Market is Expected to have a CAGR of 8.8% through 2032 | Future Market Insights Inc. "). **Request a report sample to gain comprehensive insights at** [**https://www.futuremarketinsights.com/reports/sample/rep-gb-2886**](https://www.futuremarketinsights.com/reports/sample/rep-gb-2886) In addition, increasing demand for high purity gases such as oxygen, argon, hydrogen, and helium in the healthcare, iron & steel, and chemical sectors is [projected to spur the sales at](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.")**5% CAGR** over the forecast period (2022-2028). Citing this trend, several market players are focusing on expanding their production capacity to capitalize on the surging demand. For instance, in February 2021, INOX [Air Products announced building a new cryogenic air separation unit in India](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"), which will assist the company to generate 300 and 700 tons of nitrogen and oxygen every day, respectively. A slew of such developments are estimated to augment the growth in the market over the forthcoming years. As per FMI, North America is anticipated to account for a significant share in the global market through 2028. Increasing shell gas exploration activities and rapidly expanding manufacturing sector across countries such as U.S. and Canada are favoring the growth in the region. _“Rising government emphasis on adoption of air separation plants in Integrated Gasification Combined Cycle (IGCC) plants and industrial sector to lower carbon emissions is [expected to accelerate the growth](https://www.financedigest.com/aerospace-maintenance-chemical-market-is-expected-to-see-a-growth-of-3-4-in-2032-future-market-insights.html "Aerospace Maintenance Chemical Market Is Expected To See a growth of 3.4% in 2032 | Future Market Insights") in the market,”_ **says a FMI analyst**. **Key Takeaways from** **Air Separation Plant** **Market Study** - The U.S. is anticipated to account for the lion’s share in North America market, owing to the increasing shell gas exploration activities across the country. - China is expected to register robust growth in the air separation plant market, on the back of growing adoption in production of chemicals and iron & steel. - India is forecast to emerge as a highly attractive market in South Asia & Pacific, driven by the upsurge in [trend of industrialization in the country](https://www.financedigest.com/2021-aml-trend-foresights-for-28-experts-from-17-different-countries.html "2021 AML Trend Foresights for 28 Experts from 17 Different Countries "). - The U.K. and Germany are estimated to collectively account for the largest share in Europe market, favored by increasing applications across the food & beverage industry. - In terms of end use industry, the chemical industry segment is projected to exhibit steady growth, accounting for around 20% of the overall sales through 2028. **Visit For More Information:** [https://www.futuremarketinsights.com/reports/air-separation-plant-market](https://www.futuremarketinsights.com/reports/air-separation-plant-market) **Key Drivers** - Surging demand for medical oxygen and equipment such as continuous positive airway pressure (CPAP) devices and infusion pumps in hospitals for patient treatments is expected to increase the sales of air separation plants across the healthcare segment. - Increasing use of argon gas in casting and welding industries, especially, in manufacturing of specialty alloys and titanium is a primary factor propelling the demand across the argon segment. **Key Restraints** - Extravagant cost of installation, component assemble, operation, and maintenance of air separation plants is hindering the sales in the market. - High energy consumption for cryogenic separation plants as compared to non-cryogenic plants is a factor restraining the growth in the cryogenic separation plant segment. **Competitive Landscape** Key manufacturers of air separation plants are focusing on mergers and acquisitions to strengthen their global footprint and establish their business different countries. Apart from this, some of the players are aiming at expanding their production capacity to cater to demand for industrial gasses. **For instance,** - In November 2021, Nippon Gases, a leading Japanese industrial and medical gases provider, announced signing an agreement with a renowned Italian stainless steel manufacturer, Cogne Acciai Speciali. As per the agreement, Nippon Gases will assist the latter company to modernize its air separation unit to increase its efficiency and reduce energy consumption in production. - In April 2020, CryopAL, a subsidiary of Air Liquide, announced increasing its production of liquid oxygen for medical use to three times of its current production to meet the increasing demand and supply oxygen to patients suffering from respiratory insufficiency. **For any Queries Linked with the Report, Ask an Analyst@** https://www.futuremarketinsights.com/ask-question/rep-gb-2886 **Some of the key players operating in the market profiled by FMI are:** - Linde AG - Air Products and Chemicals Inc. - Air Liquide SA - Praxair Inc. - Messer Group GmbH - Universal Industrial Gases Inc. - Taiyo Nippon Sanso Corporation - Technex Limited - Sichuan Air Separation Plant Group - Ranch Cryogenics Inc. - AMCS Corporation - Yingde Gases Group Company Limited. - Others **More Valuable [Insights on](https://www.financedigest.com/frozen-yogurt-market-is-expected-to-reach-a-valuation-of-usd-3-bn-by-2032-data-analysis-by-future-market-insights-inc.html "Frozen Yogurt Market is Expected to Reach a Valuation of USD 3 Bn by 2032 | Data Analysis by Future Market Insights Inc.")** **Air Separation Plant** **Market** FMI, in its new report, offers an unbiased analysis of the global air separation plant market, analyzing forecast statistics between 2022 and 2028. The survey [reveals growth projections on in air separation plant market](https://www.financedigest.com/2018-property-investment-market-to-be-harder-but-more-rewarding-experts-reveal.html "2018 property investment market to be “harder but more rewarding,” experts reveal") with detailed segmentation: **By Type:** - Cryogenic Air Separation Plants - Non-cryogenic Air Separation Plants - Pressure Swing Adsorption (PSA) - Vacuum Pressure Swing Adsorption (VPSA) - Membrane Separation **By Gas:** - Oxygen - Nitrogen - Argon - Diesel **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 & Beverage Industry - Air Separation Plants for Paper & Pulp Industry - Air Separation Plants for Oil & Gas Industry - Others **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 **We Offer tailor-made Solutions to fit Your Requirements, Request Customization@** [https://www.futuremarketinsights.com/customization-available/rep-gb-2886](https://www.futuremarketinsights.com/customization-available/rep-gb-2886) **Key Questions Covered in the Report** - The report [offers insight into air separation plant market](https://www.financedigest.com/refurbished-dental-equipment-maintenance-market-study-offering-deep-insight-related-to-growth-trends-until-2031.html " Refurbished Dental Equipment & Maintenance Market Study Offering Deep Insight Related to Growth Trends Until 2031") demand outlook for the forecast period 2022-2028 - The market study also highlights projected sales growth for air separation plant market between 2022 and 2028 - Air separation plant [market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast](https://www.financedigest.com/workforce-management-market-is-forecast-to-be-worth-us-21-9-billion-by-2032-future-market-insights-inc.html "Workforce Management Market is forecast to be worth US$ 21.9 Billion by 2032 | Future Market Insights, Inc.") and technological advancements within the industry - Air separation plant market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others ### **Explore FMI’s Extensive Coverage on Industrial Automation Domain** ### [Painting Robots Market](https://www.futuremarketinsights.com/reports/painting-robots-market): Painting Robots Market will grow by 10.1% CAGR Driven by Increasing Application in Consumer Appliances, Aerospace and Heavy Engineering Industries. ### [Substation Automation Market](https://www.futuremarketinsights.com/reports/substation-automation-market): Substation Automation Market Will Grow by 6% CAGR as Demand for power transmission & Smart Grid Development Increases Worldwide ### [Agricultural Equipment Market](https://www.futuremarketinsights.com/reports/agriculture-equipment-market): Sales of Agriculture Equipment to Surpass 6.7 Mn Units through 2031, Amid Increasing Governmental Support ### **About [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.") 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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/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."), 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates **For Sales Enquiries:** [sales@futuremarketinsights.com](http://sales@futuremarketinsights.com) **For Media Enquiries:** [press@futuremarketinsights.com](http://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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