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% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
Recent Developments
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
Explore Industrial Automation Insights
View Reports