Europe Air Separation Unit Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The air separation unit market in Europe is expected to grow at a CAGR of more than 3.48% during the forecast period of 2020 – 2025. Major factors driving the market over the forecast period include the rising demand for industrial gases. To meet rising industrial gas demand, the demand for installation of an air separation unit that separates atmospheric air into three pure gaseous components of nitrogen (N2), oxygen (O2), and argon (Ar) is increasing. On the other hand, factors such as high energy consumption and high capital costs are likely to hinder the market growth during the forecast period.
Key HighlightsThe Europe air separation unit market is moderately consolidated. Some of the key players include Air Liquide SA, Linde PLC, SIAD Macchine Impianti SpA, Air Products & Chemicals, Inc., and Messer Group GmbH.
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