Analyzing Process Variations and Gas Applications in Air Separation Plants

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.a

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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.