Registering a steady CAGR of 4.9%, the global market for air separation plant will reach a valuation of US$ 7,891.1 Mn by 2028, with China holding majority of the global market share in the coming decade. Tremendous urbanization and industrialization is expected to generate demand for air separation plant in the SEA and Pacific region. As per a recent analysis by Future Market Insights, the demand for air separation plants in the global market is expected to be relatively strong over the forecast period of 2018-2028. Growth landscape of the air separation plant market will be positively impact
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ed by the strong recovery underway in the emerging markets of developing world especially South East Asia & Pacific (SEAP). Cryogenic air separation plants are likely to dominate the market, with a total value share of 34.5% through 2018.

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An Overview of the Global Air Separation Plant Market

A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverages industries. Air separation plants are used for separating atmospheric air into industrial gases—including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant market to grow in the coming years.

Growing emphasis on gas packaging, rapid refrigeration, and freezing technologies in the food and beverages industry is fuelling the demand for liquid nitrogen freezing. Several air separation plant manufacturers are specifically launching units for gas-related products in the food industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will ramp up the investments in air separation plants market in the coming years.

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.

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.
Future Market Insights’ published market report titled, “Metalworking Fluids Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2028,” examines the metalworking fluids market and offers crucial market insights for the next 10 years. According to the global metalworking fluids market report, the removal fluids segment by product type is expected to dominate the overall market, accounting for over a 50% revenue share by 2028 end. The metalworking fluids market is expected to register a CAGR of 3.9% during the forecast period (2018 – 2028), accounting for US$ 13,899.0
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Mn by the end of 2028.

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Global Metalworking Fluids Market Dynamics

Metalworking fluids usually suffer from contamination and bacterial growth, which results in their shortened life. Nowadays, companies are developing products that reduce the use of metalworking additives and biocides in metalworking fluids, thereby saving cost without the use of harmful chemicals. For instance, Castrol has launched the new XBB cutting fluid technology, which maintains pH and serves for longer periods of time in comparison to the other cutting fluids. The company also launched Castrol Hysol SL 36 XBB and Castrol Alusol SL 61 XBB, which enabel the use of a lesser amount of additives and biocides, thereby leading to cost savings. Thus, owing to such developments, the demand for metalworking fluids is expected to gain momentum during the forecast period.

According to the National Institute for Occupational Safety and Health (NIOSH), over 1 Million workers in the United States are exposed to metalworking fluids and in Washington, over 20,000 workers use metalworking fluids .These fluids can cause various adverse effects on health upon exposure through different routes such as skin through mists and sprays as well as inhalation from breathing mists or aerosols. Metalworking fluids can cause cancer, skin irritation, lung diseases, etc. Thus, attributing to the adverse health effects associated with the application of metalworking fluids, coupled with waste disposal problem, the demand for metalworking fluids is expected to decrease and act as an obstacle in the growth of the overall metalworking fluids market.

Major players identified in the metalworking fluids market are focusing on product portfolio expansion and acquisitions to enhance their operational efficiency. Also, strategic collaborations and joint ventures witnessed among leading market players are likely to improve sales and distribution. Attributing to these factors, the global market is expected to gain momentum during the forecast period.

Global Metalworking Fluids Market Forecast

On the basis of category, the semi-synthetic segment is anticipated to be a leading revenue contributor in the metalworking fluids market.
Future Market Insights has gone deep into the global machine tool touch probe market and discovered some key information through structured market research. These new findings are available in Future Market Insights’ new report, “Machine Tool Touch Probe Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028”, which studies the market and predicts the future demographic and the anticipated changes in the market. The report reveals that 3D Touch Probes and 2D Spindle Probe types will dominate the machine tool touch probe market and are expected to collectively account f
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or more than 80% of market share over the forecast period. The global machine tool touch probe market is estimated to be pegged at US$ 538.3 Mn by the end of 2018. Moreover, the machine tool touch probe market is estimated to create total incremental $ opportunity worth US$ 218.0 Mn by the end of forecast period.

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Global Machine Tool Touch Probe Market Dynamics

Machine tool touch probes can operate in conditions in which humans cannot sustain themselves or in conditions in which humans cannot operate optimally, such as when accuracy is the primary factor. Due to this reason, machine tool touch probes have been in high demand in the manufacturing industry in the global market. Manual measurement of work pieces is being replaced by machine tool touch probes as they reduce any chances of inaccuracy and also increase the potential for accurate workflows. This particular factor will accelerate the growth of the machine tool touch probe market over the forecast period. Moreover, human personnel can work for only a number of limited hours whereas machines and their components are capable of working continuously.

Growth in research and development activities by prominent market participants is estimated to create several growth opportunities for the machine tool touch probe market in the coming future. Increasing demand and competition will encourage manufacturers to invest on research and development. This is expected to further create opportunities for the augmentation of the machine tool touch probes market in the coming years.

However, lack of skilled professionals for operation and maintenance of machine tool touch probes may hamper the growth of the machine tool touch probe market over the forecast period. Moreover, the initial cost associated with the machine tool touch probes is on the higher side. This may be one of the prime reasons which may derail the growth of the machine tool touch probes market over the forecast period.

Global Machine Tool Touch Probe Market Forecast

The global machine tool touch probe market is consolidated by nature. There are only a few key market participants which occupy a significant share in the market.
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