Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The air separation plant market is driven by several factors that significantly impact its structure. Demand for industrial gases like oxygen, nitrogen and argon are on the rise in numerous industries thus a driving force within this market. Healthcare, manufacturing, and electronics industries find uses for these gases; therefore, a continuous demand of air separation plants is generated.
Also, the fast industrialization and urbanisation that took place worldwide plays an instrumental role towards air separation plant market growth. Businesses grow and new manufacturing plants come up, the demand for industrial gas increases so also does dependency on air separation plant manufactures. This is most noticeable in the developing world which has seen increasing infrastructure and industrial expansion. The technology also has a significant role in the air separation plant market.
The continuous evolution of technologies for air separation increases the efficiency, reduces energy use, and additionally improves all aspects employed in running these plants. Firms that implement research and development to better enhance their technological frontiers are bound to gain market competitive advantage. In addition, the air separation plant market is significantly influenced by environmental regulations and sustainability initiatives.
Nowadays many governments and regulators globally concentrate on suppression of carbon emissions as well as the encouragement to clean practices in industries. Consequently, there is an increased focus on air separation plant adoption with improved energy efficiency and less environmental impact. Companies that make their products consistent with these sustainability goals are likely to do well on the market.
Global economy also has impact on air separation plant market. The benefits of economic stability and growth result in increased investment into different sectors whereby demand for industrial gases rises due to which the market demands more air separation plants. On the contrary, economic recessions often temper market growth from scaling back operations and investments within industries. The market competition and the players’ presence are important factors determining air separation plant market.
The dominant market position of the established organizations can sometimes dictate the nature of competition. But the arrival of new players and groundbreaking startups can add disruption, promoting competition while fostering innovation in this field. The air separation plant market is also affected by the energy landscape and the availability of other sources of good quality.
In energy terms, these plants consume a significant amount of energy to perform the separation process; changes in electricity prices influence operating costs. Moreover, the substitution of renewable energy sources as a source of heating air separation plants is gaining momentum because governments around the world promote sustainable practices.
Air Separation Plant Market Highlights:
Global Air Separation Plants Market Overview
The Air Separation Plants Market will achieve a market valuation from USD 6,720.2 Million in 2024 to USD 9,993.5 Million by 2032 and a CAGR of 5.1% in the forecast period from 2024 to 2032. The market has reached USD 6,474.2 Million in 2023.
The air separation plants produce various atmospheric gases like nitrogen, argon, oxygen, and other gases. These separation plants produce neon, xenon, ultra-high purity oxygen, and krypton, including compressed dry air. The separation plants play a major role due to their higher usage in the industrial verticals like the medical sector, chemical industry, steel, and others. Therefore, the demand for Air Separation Plants Market is propelling at higher space.
The growing initiatives and implemented policies by the government for the safety of the environment are driving the Air Separation Plants Market. It is highly concerned in industrial regions like the Middle East countries such as Saudi Arabia and UAE. These regions are boosting global market growth. The rising demand in the chemical sectors and emerging economies will lead the market towards higher opportunities. Besides, the development of industrialization and increased usage of industrial gases are also helping the market to reach its goal.
Recent Developments
September 2024: Air Liquide inaugurated a new ASU in India, aimed at supplying gases for the growing industrial sector in the region.
August 2024: Praxair, now part of Linde plc, announced the completion of an ASU upgrade in Texas, significantly increasing its production capabilities for the region.
April 2022
Air Liquide and EZZ Steel (the Middle East and Africa) is the global leader in steel and has signed an agreement on industrial gas supply to the EZZ's new plant in Ain Sokhna (East of Cairo, Egypt). Air Liquide has planned for an investment of 80 million dollars for the Air Separation Unit (ASU). It will supply EZZ throughout the contract years and other customer needs in the basin.
April 2022
Airgas, a leader of Air Liquide company, will purchase wind power for an Air Separation Unit in (Cleburne, Texas) outside of Dallas. It is the first Airgas primary production unit powered by an energy mix, including renewable energy. The air separation units produce liquid oxygen, argon, and nitrogen mixed with energy sources to run on wind power. It will cut the carbon footprint by an estimation of15,840 metric tons per year.
North America is referred as one of the leading manufacturers and distributors of high purity oxygen, cylinder filling plants and different gas generator for medical, industrial and other applications, for instance, Linde North America is investing in a site that has a new gasification train and ancillary equipment and facilities. This expected to increase the demand for air separation plants in the region during the forecast period.
Air Separation Plants Market Segmentation
The air separation plants market has been segmented based on type, process, gas, application, and region.
The global market by type has been segmented into under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and more than 80,000 m3/h. Among these types, in 2018, the global market was led by 20,000-40,000 m3/h segment and is projected to lead throughout the forecast period. The 20,000- 40,000 m3/h capacity type is used for air separation purposes. These are majorly used in the heat treatment process, welding, pulp & paper industry, the steel industry where certain gases that will react with and degrade the product, are removed. This expected to enhance the demand for the 20,000- 40,000 m3/h capacity type air separation plants in the global market during the forecast period.
Based on the process, the market has been segmented into the cryogenic distillation process and non-cryogenic distillation process. Among these processes, the cryogenic distillation process has accounted for the largest market share, followed by the non-cryogenic distillation process. Cryogenic distillation process separates oxygen from air by liquefying air at shallow temperature. Cryogenic air separation process relies on the differences in boiling points to separate air and purify into the desired gas supply and liquid products, such as oxygen, nitrogen, argon. It is used in medium to large scale plants to produce nitrogen, oxygen, and argon, as gases or liquid products. Moreover, all plants producing liquefied industrial gas products utilize cryogenic technology process, which enhanced the global market size for the air separation plants in 2018 and further expanding plants producing liquefied industrial gas is expected to raise the demand for the cryogenic technology process in the global market during the forecast period.
On the basis of gas, the global market has been segmented into nitrogen, oxygen, and others. In 2018, the oxygen segment dominated the market and projected to be dominant throughout the forecast period. The oxygen (O2) is an active, life-sustaining component of the atmosphere. It is colorless, odorless and tasteless & has poor solubility in water. The largest consumer of oxygen is the steel industry. Moreover, Oxygen has numerous uses in steelmaking and other metals refining and fabrication processes which are used in chemicals, pharmaceuticals, petroleum processing, glass, and ceramic manufacture and pulp and paper manufacture.
On the basis of application, the global market has been segmented into chemical, oil & gas industry, paper, metallurgy, and others. In 2018, the metallurgy segment dominated the market and projected to be dominant throughout the forecast period. Gases act as a manufacturer of casting molds to enhance their hardness. Moreover, they are also used to melt the steel and other metals and work as a shielding gas in the heat treatment of iron, steel, and other metals. The largest user of oxygen is the steel and metal industry. They are used to cool materials which are heat sensitive or soft at room temperature. Thus, these factors and features are expected to lead the global market growth for air separation plants during the forecast period.
Air Separation Plants Market Key Competitors
The key players of the air separation plants market are Linde AG, Air Liquide SA, Praxair, Inc., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH, Universal Industrial Gases, Enerflex Ltd., Technex Ltd., and Gas Engineering LLC.
Air Separation Plants Market Regional Analysis:
On the basis of region, the air separation plants market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
Global Air Separation Plants Market, by Region, 2018
Source: MRFR Analysis
Europe is referred to as one of the leading markets for air separation plant under segments such as by process and by gas. European governments such as that of France and Germany, devote a large share of spending on infrastructure and as well as on innovations in current technology for reducing capital costs and driving up process efficiency, for instance, a European supplier of industrial and medical gas products, provides ULTRA-AL merchant air separation plants. This influence the demand for air separation plants market in the region.
The Rest of the World includes countries such as the Middle East & Africa and South America. The Middle East & Africa is growing owing to the growth in the Metallurgy industry, which mainly drives the market growth for air separation plant during the forecast period.
Air Separation Plants Market Synopsis
The air separation plants market has been segmented based on type, process, gas, application, and region. On the basis of type, the market has been segmented into under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and more than 80,000 m3/h. Among these types, the 20,000-40,000 m3/h segment is projected to be dominant throughout the forecast period. Additionally, the 20,000-40,000 m3/h section has also registered as the fastest growing segment. On the basis of process, in 2018, the cryogenic distillation process segment was dominated by the global market followed by the non-cryogenic distillation process. On the basis of gas, the oxygen segment is projected to be dominant throughout the forecast period. On the basis of application, the metallurgy segment is expected to be dominant throughout the forecast period. On the basis of region, Asia-Pacific has accounted for the largest market followed by North America and Europe.
Air separation plants are used to separate the atmospheric air into its various primary components like nitrogen, oxygen, and other inert gases. The most common method for air separation is cryogenic distillation. Cryogenic air separation units (ASUs) are built to provide gases such as nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene. Air separation plant has seen a rise in demand across various industries such as food & beverages, Automotive, paper & pulp, healthcare.
Air Separation Plants Market Segmentation
- By Type: Under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and More Than 80,000 m3/h
- By Process: Cryogenic distillation process and non-cryogenic distillation process
- By Gas: Nitrogen, oxygen, and others
- By Application: Chemical, oil & gas industry, paper, metallurgy, and others
Key Questions Addressed by the Report
- What was the historic market size (2021) growth?
- Which segmentation (type/process/gas/application) is driving market growth?
- What will be the growth rate by 2030?
- Who are the key players in this market?
- What are the strategies adopted by key players?
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
