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City of Industry, CA -- (SBWIRE) -- 06/21/2018 -- This report studies the global Air Separation Plant industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
Air Separation Plant is the equipment used in the separation of the air, which is used to produce the oxygen, nitrogen, etc.
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Air separation plants produce one or both of the two most common atmospheric industrial gases (nitrogen and oxygen) as gases and sometimes also as liquid products. Some air separation plants also produce compressed dry air, argon, ultra high purity (UHP) oxygen, or, occasionally, the "rare gases" (neon, krypton and xenon).
The future market of air separation plant depends on the development of technology, demand and suppliers of air separation unit. Worldwide Installations are not performing in a high lightened way because of sluggish economy. Europe is the largest production market. China is still the fastest growing country, but the speed is expected to slow down because of economic outlook, and the government's capacity reduction policy has brought negative effect on the demand of Air Separation Plant installation.
As international economic situation is complicated, in the next few years there will be many uncertainties. Because of the support of government' policy, more companies are entering air separation plant industry.
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The global Air Separation Plant market is valued at 3480 million USD in 2017 and is expected to reach 4870 million USD by the end of 2025, growing at a CAGR of 4.3% between 2018 and 2025.
This research report categorizes the China and global Air Separation Plant market by type, end-use industry, and region.
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