Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Air Separation Plant Market

Market Insights
Air separation is a vital activity which provides required components across a wide variety of industries.
Market Research Future has published its detailed report on the global air separation plant market
which is anticipated to grow consistently over the forecast period of 2016 to 2022. Air separation plants
are actively used to separate atmospheric air into primary components which include oxygen, nitrogen,
hydrogen, and other inert gases. Valued at USD 4,132 Mn in 2015, the global air separation plant market
is expected to grow to reach an evaluation of USD 5,852.7 Mn by the end of the review period.
Several advancements in the separation process used in air separation plants; this has led to increased
use and construction of such plants. Industrial applications of specialty gases such as carbon dioxide,
helium, argon, hydrogen, nitrogen, oxygen, and acetylene have grown, and as a result, there has been
the considerable growth of the air separation market. Specialized applications for the same requires the
use of these gases, making them indispensable in lighting, laser & chemicals among others. Moreover,
these separated gases are also used extensively in various end-use industries which are flourishing and
increasing the demand for gases provided by air separation plants.
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Market Segmentation
The global air separation market is segmented on the basis of type, process, application, gas, and region.
By type, the market is categorized into under 20,000 M3/H, 20,000-40,000 M3/H, 40,000 - 80,000 M3/H,
and more than 80,000 M3/H. By process, the market is divided into cryogenic distillation process and
noncryogenic distillation process. By application, the market includes paper, metallurgy, chemical, oil &
gas, and others. By gas, the market is segmented into oxygen, nitrogen, argon, and carbon dioxide.
The global division of the air separation market segments it into North America, Europe, Asia Pacific, and
the Rest of the World.
Regional Analysis
Asia Pacific accounts for the largest regional market with a market share of 40.70% and a projected
CAGR of 6.09% during the assessment period. The region's growth is driven by the high number of
industrial activities and the growing healthcare sector which is increasingly imposing stringent
environmental regulations.
Meanwhile, the North American market accounts for the second largest region which was valued at USD
1,223.1 Mn in 2015. Growth is led by the US, and the region is expected to witness a CAGR of 4.70% over
the forecast period.
Key Players
Market players profiled in the report include Air Products and Chemicals Inc., Messer Group GmbH,
Linde AG, Praxair Inc., Air Liquide S.A, Taiyo Nippon Sanso Corporation, Enerflex, Universal Industrial
Gases, Technex Limited, and Gas Engineering LLC.
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