Air Separation Plant Market is Expected to Expand at a CAGR of 4.9% by 2028 - Future Market Insights - Seite 2

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 they are used it.

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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 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 of energy.  

Customized Solutions, M&A, and Divestments: Key Strategies Driving the Global Air Separation Plant Market  

Top players operating in the global air separation plant market are focussing on strategic mergers and acquisitions 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.