South America Industrial Gas Market Report 2017

South America Industrial Gas Market Report 2017

  • October 2017 •
  • 56 pages •
  • Report ID: 5161736
South America’s industrial gas market was the fourth largest in the world. It currently has about 4.8% share of the global industrial gas market. The market in South America grew at a CAGR of 7% in the historic period and is expected to grow at a CAGR of 7.3% in the forecast period. This is mainly due to the presence of a large number of manufacturing, petroleum processing companies, which is driving the demand for industrial gases in the country.

Oxygen was the largest segment in the industrial gas market with around 42% share of the market. Oxygen had the largest share due to the strong presence of steel mills, metal fabrication, healthcare and automotive industries that utilize oxygen in their manufacturing processes. Nitrogen was the second largest segment with around 22% share of the industrial gas market. Carbon Dioxide was the third largest segment with around 10% share of the industrial gas market.

Industrial gas companies are increasingly using pressure swing adsorption (PSA) technology as a cost-effective and highly efficient method to produce nitrogen. PSA systems operate on the principle of adsorption. They consist of adsorption vessels packed with carbon molecular sieves (CMS), which are capable of adsorbing carbon dioxide and residual moisture. At high pressures, CMS selectively adsorbs oxygen, thus allowing nitrogen to pass through at the desired purity level. On-site generation of nitrogen using PSA systems is more cost-effective than traditional cryogenic distillation or stored liquid nitrogen. PSAs can economically produce nitrogen at flow rates from less than 5,000 scfh to greater than 60,000 scfh, and at purities from 95% to 99.9995%. Mahler AGS, a German manufacturer of on-site gas generation plants, is using PSA systems for low-cost production of nitrogen. Major industrial gas companies such as Linde, Air Products, Air Liquide and Praxair are using PSA systems to enhance nitrogen production.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.

Country=Brazil Industry=Energy ParentIndustry=HeavyIndustry Date=201710 Topic=Forecast Publisher=TheBusinessResearchCompany Price=2000