Cryogenic Column Market Expectations & Growth Trends Highlighted until 2028
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.
[USPRwire, Tue Apr 09 2019] One of the most important factors which is driving the growth of the market of Cryogenic Column Market 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.
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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 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.
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.
Cryogenic column market-Prominent players
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