Industrialization, especially in emerging economies such as India, Brazil, China, and South Korea, has taken the air separation plant market to an all-time-high revenue of US$ 6,515.40 million in 2024. With the further expansion of the steel and chemical industry, the market is set to reach US$ 10,512.26 million by 2034, developing at a CAGR of 4.90% over the forecast period.
Air Separation Plant Industry Analysis
Attributes | Details |
---|---|
Air Separation Plant Market Value in 2024 | US$ 6,515.40 million |
Projected Market Value by 2034 | US$ 10,512.26 million |
Value-based CAGR from 2024 to 2034 | 4.90% |
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Manufacturers using air separation plants in their factory units can thus install molecular sieves to eliminate impurities, water vapor, moisture, and other pollutants in their separation units.
Air separation units, across the world, come in only two variants, cryogenic and non-cryogenic. The former holds the largest share, 57.40% of the market in 2024.
Attributes | Details |
---|---|
Top Type | Cryogenic |
Market Share (2024) | 57.40% |
Manufacturing units utilize air separation plants for the production of varied gases, such as oxygen, nitrogen, argon, etc. Among these, air separation plants for oxygen production hold a market share of 57.80% in 2024.
Attributes | Details |
---|---|
Top Gas | Oxygen |
Market Share (2024) | 57.80% |
The performance of the air separation plant market is heavily dependent on the growth of the industrial sector in the region. More the growth, the higher the adoption of these units. The growth rates of India, China, South Korea, Canada, and the United States, for the next ten years, have been mentioned below.
Countries | CAGR (2024 to 2034) |
---|---|
China | 5.70% |
India | 5.00% |
South Korea | 4.30% |
Canada | 3.80% |
United States | 3.70% |
The Chinese market for air separation plants is slated to grow at a CAGR of 5.70% for the forecasted period of 2024 to 2034.
India is also one of the most lucrative countries in this market. It is very likely to grow at a CAGR of 5.00%.
South Korea is one of the most vibrant markets for air separation plants. It is inclined to grow at a CAGR of 4.30% through 2034.
The Canadian market for air separation plants is also a promising one. It is slated to grow at a CAGR of 3.80% through 2034.
The United States air separation plant market is also very likely to flourish in the coming years. It is slated to grow at a CAGR of 3.70% through 2034.
The market for air separation plants is still in its nascent stages, with very few companies dominating the international marketplace. Some of the most prominent companies in the market are Linde AG, Air Products and Chemicals Inc., Air Liquide SA, Praxair Inc., Messer Group GmbH, Universal Industrial Gases Inc., Taiyo Nippon Sanso Corporation., etc.
There are still a lot of regions in the world where the proliferation of these units is not found at the level it is found in the developed industrial regions. To tackle this problem, ASU manufacturing companies must tap into untapped regions to expand their consumer base.
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The air separation plant market is expected to be worth US$ 6,515.40 million in 2024.
The air separation plant market is expected to reach US$ 10,512.26 million by 2034.
The air separation plant market is projected to rise at a CAGR of 4.90% from 2024 to 2034.
Linde AG, Air Products and Chemicals Inc., Air Liquide SA, Praxair Inc., Messer Group GmbH, Universal Industrial Gases Inc., Taiyo Nippon Sanso Corporation., etc., are some of the major players in the global air separation plant market.
The market valuation was US$ 6,199.30 million in 2023.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Cryogenic Air Separation Plants 5.3.2. Non-Cryogenic Air Separation Plants 5.3.2.1. Pressure Swing Adsorption (PSA) 5.3.2.2. Vacuum Pressure Swing Adsorption (VPSA) 5.3.2.3. Membrane Separation 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Gas 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Gas, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Gas, 2024 to 2034 6.3.1. Oxygen 6.3.2. Nitrogen 6.3.3. Argon 6.4. Y-o-Y Growth Trend Analysis By Gas, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Gas, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Industry 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By End-use Industry, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-use Industry, 2024 to 2034 7.3.1. Chemical Industry 7.3.2. Iron & Steel Industry 7.3.3. Healthcare Industry 7.3.4. Food & Beverage Industry 7.3.5. Paper & Pulp Industry 7.3.6. Oil & Gas Industry 7.3.7. Others 7.4. Y-o-Y Growth Trend Analysis By End-use Industry, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By End-use Industry, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Gas 9.2.4. By End-use Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Gas 9.3.4. By End-use Industry 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Gas 10.2.4. By End-use Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Gas 10.3.4. By End-use Industry 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Type 11.2.3. By Gas 11.2.4. By End-use Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Gas 11.3.4. By End-use Industry 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Type 12.2.3. By Gas 12.2.4. By End-use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Gas 12.3.4. By End-use Industry 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Type 13.2.3. By Gas 13.2.4. By End-use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Gas 13.3.4. By End-use Industry 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Type 14.2.3. By Gas 14.2.4. By End-use Industry 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Gas 14.3.4. By End-use Industry 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Type 15.2.3. By Gas 15.2.4. By End-use Industry 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Gas 15.3.4. By End-use Industry 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Type 16.1.2.2. By Gas 16.1.2.3. By End-use Industry 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Type 16.2.2.2. By Gas 16.2.2.3. By End-use Industry 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Type 16.3.2.2. By Gas 16.3.2.3. By End-use Industry 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Type 16.4.2.2. By Gas 16.4.2.3. By End-use Industry 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Type 16.5.2.2. By Gas 16.5.2.3. By End-use Industry 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Type 16.6.2.2. By Gas 16.6.2.3. By End-use Industry 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Type 16.7.2.2. By Gas 16.7.2.3. By End-use Industry 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Type 16.8.2.2. By Gas 16.8.2.3. By End-use Industry 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Type 16.9.2.2. By Gas 16.9.2.3. By End-use Industry 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Type 16.10.2.2. By Gas 16.10.2.3. By End-use Industry 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Type 16.11.2.2. By Gas 16.11.2.3. By End-use Industry 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Type 16.12.2.2. By Gas 16.12.2.3. By End-use Industry 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Type 16.13.2.2. By Gas 16.13.2.3. By End-use Industry 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Type 16.14.2.2. By Gas 16.14.2.3. By End-use Industry 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Type 16.15.2.2. By Gas 16.15.2.3. By End-use Industry 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Type 16.16.2.2. By Gas 16.16.2.3. By End-use Industry 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Type 16.17.2.2. By Gas 16.17.2.3. By End-use Industry 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Type 16.18.2.2. By Gas 16.18.2.3. By End-use Industry 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Type 16.19.2.2. By Gas 16.19.2.3. By End-use Industry 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Type 16.20.2.2. By Gas 16.20.2.3. By End-use Industry 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Type 16.21.2.2. By Gas 16.21.2.3. By End-use Industry 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Type 16.22.2.2. By Gas 16.22.2.3. By End-use Industry 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Type 16.23.2.2. By Gas 16.23.2.3. By End-use Industry 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Type 17.3.3. By Gas 17.3.4. By End-use Industry 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Linde AG 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Air Products and Chemicals Inc. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Air Liquide SA 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Praxair Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Messer Group GmbH 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Universal Industrial Gases Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Taiyo Nippon Sanso Corporation 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Technex Limited 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Sichuan Group 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Ranch Cryogenics Inc. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. AMCS Corporation 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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