Press release
Cryogenic Column Market Estimated to Record Highest CAGR by 2018 to 2028(Segmented By end-user industry Petrochemical plants, Hydrogen and synthesis gas plants, Biotechnology plants, Chemical plants, Air separation plants, Furnaces and incinerators; By us
Separating air and gases mixture into its components and carrying out the liquefaction process is the primary work in many industries. Cryogenic column is one such mechanical device which is used in air separation plants, gas separation plants, liquefaction plants and in other petrochemical industries. It is a large mechanical vessel that is deployed with heat exchanger, compressor, turbine and other mechanical device and is used as air separating machine.
The separated components like oxygen, nitrogen, argon etc. finds many applications. The filtered oxygen is used in hospitals and in thermo-chemical industry to carry out calcination and roasting process. Nitrogen finds its applications in fertilizers industry, in polyester manufacturing and in semi-conductor manufacturing.
Many manufacturing industries uses the product produced by the cryogenic column which in turn is raising the demand in the market
Cryogenic Column Market-Dynamics
One of the most important factors which is driving the growth of the market of cryogenic column is the increased use of oxygen, nitrogen and other gaseous components. Oxygen is used in packed cylinder to help patients to breathe. It is used by mountaineers at high altitude. It is also by astronauts when going to space. It is used in burning of rocket fuel. Nitrogen is used as a preserving agent in packaging industry. It is used in drugs and pharmaceutical industry. Nitrogen is used in fertilizers in the agriculture industry.
Therefore, the demand for air components in various industries viz. chemical, pharmaceutical, aviation, packaging etc. is creating a huge market for the cryogenic column
But, cryogenic column is very huge and heavy in size. Normal cryogenic column is 7 meter in diameter and weigh up to 170 tons. The cost of manufacturing of cryogenic column is magnanimous in amount. It needs a very large area for its installation. The running cost in terms of power consumption is also very high. Very high accuracy and precision is needed in its manufacturing since it is a mechanical device which needs constant maintenance for its efficient working. All these factors are posing a major challenge in the growth of the market of cryogenic column.
Recent developments lead to the manufacturing of cryogenic column that is fitted with flash separator which has an advantage of working as a throttling device (constant enthalpy) on one hand and vapor separating on the other, thus making it more useful and energy efficient.
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Cryogenic column Market- Segmentation
Cryogenic column is segmented on the basis of its end-user industry, use of cryogenic column specifications of cryogenic column and the technology, which is adopted to carry air separation.
On the basis of end-user industry, it is segmented as:
Petrochemical plants
Hydrogen and synthesis gas plants
Biotechnology plants
Chemical plants
Air separation plants
Furnaces and incinerators
On the basis of use, it is segmented as:
Air component separation
Liquefaction
Gas separation
On the basis of specifications of cryogenic column, it is segmented as
With or without flash chamber
Cryogenic tank specification
Air cooled cryogenic column
Water cooled cryogenic column
On the basis of technology adopted, it is segmented as
Through adsorption
Through ion transport membranes
Through polymeric process
Through cryogenic process
Cryogenic Column Market- Regional outlook
With many petrochemical, biotechnology, air separation plants coming in North America, which in turn is enhancing the market of cryogenic column. Globally, United States and Canada is going to hold the major share in the market of cryogenic column. In Europe, the market is set to expand in Germany owing to the presence of manufacturing bases of many industries. With the increased use of inert gases for research purposes, the market for cryogenic column is expanding in China and India. Latin America is going to be an attractive region for the market of cryogenic column in the forecast period.
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Cryogenic column market-Prominent players
Some of the prominent players in the market of cryogenic column are
Universal Industrial Gases Inc.
The Linde Group
Qingdo Steel Union Metallurgical Eng. Co. Ltd.
DH industries
Universal Boschi
Globally, the market of cryogenic column is fragmented with many industries using the products of cryogenic column. Therefore, the market of cryogenic column is expected to rise in the forecast period.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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