Air Separation Unit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for air separation units is expected to reach around USD 5.04 billion by the end of the year and is projected to grow at a CAGR of 4.82% during the forecast period.
The COVID-19 pandemic had a profound impact on supply chain operations, with closure of industrial and manufacturing facilities due to the lockdowns enforced all over the world to control the virus. However, the market is expected to grow at a steady pace during the forecast period.
Key HighlightsThe air separation unit market is moderately fragmented. Some of the major players in the market (in no particular order) include Linde AG, Messer Group GmbH, SIAD Macchine Impianti SpA, Air Products and Chemicals Inc., and Air Liquide SA.
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