US Air Separation Plant Market Outlook

the u.s. air separation plant market is expected to grow significantly over the forecast period of 2018-2032. the major driving factor of this growth will be the rising demand for natural gas, which is a key component of air separation plants. with the growing industrial activities in the united states, natural gas demand will keep on increasing. this will further boost the need for air separation plants. the expansion of oil and gas exploration activities will also lead to increased production of liquefied natural gas (lng). lng requires air separation plants to convert it into substantial gas, which will also spur the growth of the air separation plant market in the united states. further, the rising number of medical oxygen-dependent patients will also increase the demand for air separation plants in the region. in addition, the government initiatives and investments in natural gas consumption will provide a significant push to the companies operating in the us air separation plant market. to further increase the efficiency, there will be continuous improvements in the design of air separation systems. this will result in improved performance and lifecycle cost effectiveness. additionally, the advances in automation and remote control systems for asus are likely to provide a major boost to the market growth. on the other hand, the high installation and maintenance cost of air separation units, environmental regulations for emission and gas separation, and the depleting rate of natural gas reserves are some of the factors that may impede the demand in the u.s. air separation plant market. nevertheless, the expansion of nuclear power plants and increasing demand for lng are likely to act as an opportunity for the key players. overall, the u.s. air separation plant market is set to grow significantly in the forecast period. the growing demand for natural gas and the rising utilization of lng will be the key factors leading to this growth. apart from this, the advances in design and automation of air separation units will also contribute to the growth of the industry.