Air Separation Unit Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for air separation units (ASU). The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Air Separation Unit Market Size (2024E):US$5.8 Bn
Projected Market Value (2031F): US$7.9 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 4.7%

Air Separation Unit Market - Report Scope:

Air separation units play a crucial role in producing industrial gases such as oxygen, nitrogen, and argon, which are essential for various industries, including steel manufacturing, chemical processing, healthcare, and electronics. These units operate on the principle of cryogenic distillation to separate atmospheric air into its primary components, catering to both large-scale industrial production and small-scale specialized applications. Market growth is driven by increasing demand for industrial gases, advancements in ASU technology, and the growing emphasis on energy efficiency and sustainability.

Market Growth Drivers:

The global air separation unit market is propelled by several key factors, including the expanding demand for industrial gases in sectors such as steelmaking, oil & gas, and chemicals. The rising focus on healthcare and medical oxygen production, particularly in the wake of the COVID-19 pandemic, further fuels market expansion. Additionally, technological advancements, such as the development of energy-efficient ASUs and modular units, offer enhanced production capabilities and reduced operational costs, supporting market growth. The increased adoption of ASUs in emerging economies, driven by industrialization and infrastructure development, creates new growth avenues.

Market Restraints:

Despite promising growth prospects, the air separation unit market faces challenges related to high initial capital costs, operational complexities, and stringent regulatory requirements. The substantial investment required for setting up large-scale ASUs can be a barrier to entry for smaller players, especially in developing regions. Moreover, the energy-intensive nature of ASU operations poses challenges in terms of sustainability and environmental impact, with increasing regulatory scrutiny on carbon emissions. Addressing these challenges requires continuous innovation in ASU design and energy management to balance operational efficiency with environmental compliance.

Market Opportunities:

The air separation unit market presents significant growth opportunities driven by the rise of clean energy technologies, such as green hydrogen production and carbon capture and storage (CCS) solutions. The growing demand for high-purity industrial gases in electronics manufacturing, coupled with the increasing adoption of ASUs in the food and beverage industry for packaging and preservation, further broadens the market scope. Strategic partnerships, investments in R&D, and the introduction of energy-efficient, environmentally friendly ASUs are essential for capitalizing on emerging opportunities and sustaining market leadership in the dynamic industrial gas sector.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the air separation unit market globally?
Which gas production processes and industries are driving ASU adoption across different regions?
How are technological advancements reshaping the competitive landscape of the air separation unit market?
Who are the key players contributing to the air separation unit market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global air separation unit market?

Competitive Intelligence and Business Strategy:

Leading players in the global air separation unit market, including Linde PLC, Air Liquide S.A., and Praxair Technology, Inc., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced ASUs, incorporating features such as energy efficiency, modular designs, and remote monitoring systems, catering to diverse industry needs. Collaborations with industrial gas distributors, engineering firms, and technology providers facilitate market access and promote the adoption of ASU technologies in emerging sectors such as green hydrogen and CCS. Furthermore, emphasis on sustainability initiatives and reducing carbon footprints fosters market growth and enhances the environmental impact of ASU operations.

Key Companies Profiled:

Air Liquide S.A.
Linde AG
Messer Group GmbH
Air Products and Chemicals, Inc.
Taiyo Nippon Sanso Corporation
Praxair, Inc.
Oxyplants
AMCS Corporation
Enerflex Ltd
Technex Ltd.
Ranch Cryogenics
Daesung Industrial Co., Ltd.
Air Water Inc.
Yingde Gases Group Co., Ltd.
Inox Air Products Private Limited
Universal Industrial Gases

Air Separation Unit Industry Segmentation

By Type

All Gaseous product
All Liquid Product
Combined Liquid and Gas Product

By Process

Cryogenic
Non-Cryogenic

By Gas Type

Nitrogen
Oxygen
Argon
Misc. (Neon, Xenon and Krypton)

By End-Use Industry

Healthcare
Industrial processes
Metal Fabrication
Chemical and Petrochemical
Wastewater Treatment
Food and beverage
Oil and Gas
Misc.

By Region

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP34712

1. Executive Summary

1.1. Global Air Separation Units Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Type Manufacturers
- 2.7.3. List of Type Distributors
- 2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis

3. Price Trend Analysis, 2019-2031

3.1. Key Highlights
3.2. Key Factors Impacting Type Prices
3.3. Pricing Analysis, By Type
3.4. Regional Prices and Historical and Future Growth Trends

4. Global Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
4.3. Global Air Separation Units Outlook: Type
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) Analysis, By Type, 2019-2023
- 4.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
  - 4.3.3.1. All gaseous product
  - 4.3.3.2. All Liquid Product
  - 4.3.3.3. Combined Liquid and Gas Product
4.4. Market Attractiveness Analysis: Type
4.5. Global Air Separation Units Outlook: Process
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Process, 2019-2023
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
  - 4.5.3.1. Cryogenic
  - 4.5.3.2. Non-Cryogenic
4.6. Market Attractiveness Analysis: Process
4.7. Global Air Separation Units Outlook: Gas Type
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn) Analysis, By Gas Type, 2019-2023
- 4.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
  - 4.7.3.1. Nitrogen
  - 4.7.3.2. Oxygen
  - 4.7.3.3. Argon
  - 4.7.3.4. Misc. (Neon, Xenon and Krypton)
4.8. Market Attractiveness Analysis: Gas Type
4.9. Global Air Separation Units Outlook: End Use Industry
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Bn) Analysis, By End Use Industry, 2019-2023
- 4.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
  - 4.9.3.1. Healthcare
  - 4.9.3.2. Industrial processes
  - 4.9.3.3. Metal Fabrication
  - 4.9.3.4. Chemical and Petrochemical
  - 4.9.3.5. Wastewater Treatment
  - 4.9.3.6. Food and beverage
  - 4.9.3.7. Oil and Gas
  - 4.9.3.8. Misc.
4.10. Market Attractiveness Analysis: End Use Industry

5. Global Air Separation Units Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2023
5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2024-2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Process
- 6.3.4. By Gas Type
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 6.5.1. All gaseous product
- 6.5.2. All Liquid Product
- 6.5.3. Combined Liquid and Gas Product
6.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 6.6.1. Cryogenic
- 6.6.2. Non-Cryogenic
6.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 6.7.1. Nitrogen
- 6.7.2. Oxygen
- 6.7.3. Argon
- 6.7.4. Misc. (Neon, Xenon and Krypton)
6.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 6.8.1. Healthcare
- 6.8.2. Industrial processes
- 6.8.3. Metal Fabrication
- 6.8.4. Chemical and Petrochemical
- 6.8.5. Wastewater Treatment
- 6.8.6. Food and beverage
- 6.8.7. Oil and Gas
- 6.8.8. Misc.
6.9. Market Attractiveness Analysis

7. Europe Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Process
- 7.3.4. By Gas Type
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 7.5.1. All gaseous product
- 7.5.2. All Liquid Product
- 7.5.3. Combined Liquid and Gas Product
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 7.6.1. Cryogenic
- 7.6.2. Non-Cryogenic
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 7.7.1. Nitrogen
- 7.7.2. Oxygen
- 7.7.3. Argon
- 7.7.4. Misc. (Neon, Xenon and Krypton)
7.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 7.8.1. Healthcare
- 7.8.2. Industrial processes
- 7.8.3. Metal Fabrication
- 7.8.4. Chemical and Petrochemical
- 7.8.5. Wastewater Treatment
- 7.8.6. Food and beverage
- 7.8.7. Oil and Gas
- 7.8.8. Misc.
7.9. Market Attractiveness Analysis

8. East Asia Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Process
- 8.3.4. By Gas Type
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 8.5.1. All gaseous product
- 8.5.2. All Liquid Product
- 8.5.3. Combined Liquid and Gas Product
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 8.6.1. Cryogenic
- 8.6.2. Non-Cryogenic
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 8.7.1. Nitrogen
- 8.7.2. Oxygen
- 8.7.3. Argon
- 8.7.4. Misc. (Neon, Xenon and Krypton)
8.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 8.8.1. Healthcare
- 8.8.2. Industrial processes
- 8.8.3. Metal Fabrication
- 8.8.4. Chemical and Petrochemical
- 8.8.5. Wastewater Treatment
- 8.8.6. Food and beverage
- 8.8.7. Oil and Gas
- 8.8.8. Misc.
8.9. Market Attractiveness Analysis

9. South Asia & Oceania Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Process
- 9.3.4. By Gas Type
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 9.5.1. All gaseous product
- 9.5.2. All Liquid Product
- 9.5.3. Combined Liquid and Gas Product
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 9.6.1. Cryogenic
- 9.6.2. Non-Cryogenic
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 9.7.1. Nitrogen
- 9.7.2. Oxygen
- 9.7.3. Argon
- 9.7.4. Misc. (Neon, Xenon and Krypton)
9.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 9.8.1. Healthcare
- 9.8.2. Industrial processes
- 9.8.3. Metal Fabrication
- 9.8.4. Chemical and Petrochemical
- 9.8.5. Wastewater Treatment
- 9.8.6. Food and beverage
- 9.8.7. Oil and Gas
- 9.8.8. Misc.
9.9. Market Attractiveness Analysis

10. Latin America Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Process
- 10.3.4. By Gas Type
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 10.5.1. All gaseous product
- 10.5.2. All Liquid Product
- 10.5.3. Combined Liquid and Gas Product
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 10.6.1. Cryogenic
- 10.6.2. Non-Cryogenic
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 10.7.1. Nitrogen
- 10.7.2. Oxygen
- 10.7.3. Argon
- 10.7.4. Misc. (Neon, Xenon and Krypton)
10.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 10.8.1. Healthcare
- 10.8.2. Industrial processes
- 10.8.3. Metal Fabrication
- 10.8.4. Chemical and Petrochemical
- 10.8.5. Wastewater Treatment
- 10.8.6. Food and beverage
- 10.8.7. Oil and Gas
- 10.8.8. Misc.
10.9. Market Attractiveness Analysis

11. Middle East & Africa Air Separation Units Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Process
- 11.3.4. By Gas Type
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 11.5.1. All gaseous product
- 11.5.2. All Liquid Product
- 11.5.3. Combined Liquid and Gas Product
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Process, 2024-2031
- 11.6.1. Cryogenic
- 11.6.2. Non-Cryogenic
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Gas Type, 2024-2031
- 11.7.1. Nitrogen
- 11.7.2. Oxygen
- 11.7.3. Argon
- 11.7.4. Misc. (Neon, Xenon and Krypton)
11.8. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024-2031
- 11.8.1. Healthcare
- 11.8.2. Industrial processes
- 11.8.3. Metal Fabrication
- 11.8.4. Chemical and Petrochemical
- 11.8.5. Wastewater Treatment
- 11.8.6. Food and beverage
- 11.8.7. Oil and Gas
- 11.8.8. Misc.
11.9. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2024
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Air Liquide S.A.
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Linde AG
- 12.3.3. Messer Group GmbH
- 12.3.4. Air Products and Chemicals, Inc.
- 12.3.5. Taiyo Nippon Sanso Corporation
- 12.3.6. Praxair, Inc.
- 12.3.7. Oxyplants
- 12.3.8. AMCS Corporation
- 12.3.9. Enerflex Ltd
- 12.3.10. Technex Ltd.
- 12.3.11. Ranch Cryogenics
- 12.3.12. Daesung Industrial Co., Ltd.
- 12.3.13. Air Water Inc.
- 12.3.14. Yingde Gases Group Co., Ltd.
- 12.3.15. Inox Air Products Private Limited
- 12.3.16. Universal Industrial Gases

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations