Air Separation Unit Market Size - By Process (Cryogenic, Non-Cryogenic), Gas (Nitrogen Oxygen, Argon), End Use (Iron & Steel, Oil & Gas, Healthcare, Chemicals) & Forecast, 2023 - 2032
Air Separation Unit Market Size - By Process (Cryogenic, Non-Cryogenic), Gas (Nitrogen Oxygen, Argon), End Use (Iron & Steel, Oil & Gas, Healthcare, Chemicals) & Forecast, 2023 - 2032
Air Separation Unit Market size is projected to expand at over 4.4% CAGR from 2023 to 2032, propelled by the increasing production of liquefied natural gas (LNG) worldwide and the surging usage of nitrogen for the liquefaction process.
Air separation units (ASUs) support the cooling and preservation of LNG while ensuring the reliable supply of high-purity nitrogen. With the rising global demand for LNG, substantial investments are flowing into expanding the production capacities and reliable on-site gas supply, further augmenting the industry outlook. For instance, in April 2023, American liquefied natural gas producer Tellurian disclosed plans to partner with Japanese and Indian corporations about prospective investments in a projected Gulf Coast LNG facility.
The air separation unit industry is segmented into process, gas, end-use, and region.
Based on process, the market value from the non-cryogenic segment is anticipated to record significant growth between 2023 and 2032. Non-cryogenic technologies, such as pressure swing adsorption (PSA) and membrane separation provide cost-effective alternatives for air separation applications. Additionally, these processes eliminate the need for energy-intensive cryogenic methods to cater to various production scales. The efficiency and flexibility of non-cryogenic ASU systems will also contribute to their growing adoption across healthcare, electronics, and small-scale gas production sectors.
In terms of end-use, the ASU industry from the oil and gas segment is projected to pick momentum during 2023-2032. The growth is owing to increasing application in providing essential gases like nitrogen and oxygen for various processes, including enhanced oil recovery, gas blanketing, and refining operations. The increasing demand for industrial gases in exploration, production, and refining activities coupled with the growing emphasis on safety and efficiency will further fuel the product adoption across the oil and gas sector.
Regionally, the North America air separation unit market is set to exhibit robust growth from 2023-2032 driven by the expanding industrial activities and the strong focus on advanced manufacturing in the region. The abundant availability of raw materials is making way for well-established production infrastructure. For instance, in August 2023, Air Water’s company, Air Water America announced that it will build the first air separation unit in New York. Moreover, stringent environmental regulations for prompting the implementation of ASUs for efficient and sustainable gas production will accelerate the regional industry expansion.
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Air Separation Unit industry 360 degree synopsis, 2019 - 2032
2.1.1 Business trends
2.1.2 Gas trends
2.1.3 Process trends
2.1.4 End use trends
2.1.5 Regional trends
Chapter 3 Air Separation Unit Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
Chapter 4 Competitive Benchmarking
4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2023
4.2.1 Strategic dashboard
Chapter 5 Air Separation Unit Market, By Process (USD Million)
5.1 Key process trends
5.2 Cryogenic
5.3 Non-Cryogenic
Chapter 6 Air Separation Unit Market, By Gas (USD Million)
6.1 Key gas trends
6.2 Nitrogen
6.3 Oxygen
6.4 Argon
6.5 Others
Chapter 7 Air Separation Unit Market, By End Use (USD Million)
7.1 Key end use trends
7.2 Iron & Steel
7.3 Oil & Gas
7.4 Healthcare
7.5 Chemicals
7.6 Others
Chapter 8 Air Separation Unit Market, By Region (USD Million)
8.1 Key regional trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Spain
8.3.5 Italy
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 UAE
8.6 Latin America
8.6.1 Brazil
8.6.2 Argentina
Chapter 9 Company Profiles
9.1 Linde plc
9.2 Air Products and Chemicals, Inc.
9.3 TAIYO NIPPON SANSO CORPORATION
9.4 Praxair Technology, Inc.
9.5 Technex
9.6 Ranch Cryogenics, Inc.
9.7 KaiFeng Air Separation Group Co.,LTD.
9.8 Air Liquide
9.9 Enerflex Ltd.
9.10 AMCS Corporation
9.11 Messer
9.12 Universal Industrial Gases, Inc.
9.13 Sichuan Air Separation Plant Group
9.14 AIR WATER INC
9.15 Yingde Gases
9.16 CRYOTEC Anlagenbau GmbH
Data Tables
TABLE 1 Global market, 2019 - 2022 (Revenue)
TABLE 2 Global market, 2023 - 2027 (Revenue)
TABLE 3 Global market, 2028 - 2032 (Revenue)
TABLE 4 Global market by process, 2019 - 2022 (USD Million)
TABLE 5 Global market by process, 2023 - 2027 (USD Million)
TABLE 6 Global market by process, 2028 - 2032 (USD Million)
TABLE 7 Global market by gas, 2019 - 2022 (USD Million)
TABLE 8 Global market by gas, 2023 - 2027 (USD Million)
TABLE 9 Global market by gas, 2028 - 2032 (USD Million)
TABLE 10 Global market by end use, 2019 - 2022 (USD Million)
TABLE 11 Global market by end use, 2023 - 2027 (USD Million)
TABLE 12 Global market by end use, 2028 - 2032 (USD Million)
TABLE 13 Global market by region, 2019 - 2022 (USD Million)
TABLE 14 Global market by region, 2023 - 2027 (USD Million)
TABLE 15 Global market by region, 2028 - 2032 (USD Million)
TABLE 16 Industry impact forces
TABLE 17 Global market from cryogenic, 2019 - 2022 (Revenue)
TABLE 18 Global market from cryogenic, 2023 - 2027 (Revenue)
TABLE 19 Global market from cryogenic, 2028 - 2032 (Revenue)
TABLE 20 Global market from cryogenic, by region, 2019 - 2022 (USD Million)
TABLE 21 Global market from cryogenic, by region, 2023 - 2027 (USD Million)
TABLE 22 Global market from cryogenic, by region, 2028 - 2032 (USD Million)
TABLE 23 Global market from non-cryogenic, 2019 - 2022 (Revenue)
TABLE 24 Global market from non-cryogenic, 2023 - 2027 (Revenue)
TABLE 25 Global market from non-cryogenic, 2028 - 2032 (Revenue)
TABLE 26 Global market from non-cryogenic, by region, 2019 - 2022 (USD Million)
TABLE 27 Global market from non-cryogenic, by region, 2023 - 2027 (USD Million)
TABLE 28 Global market from non-cryogenic, by region, 2028 - 2032 (USD Million)
TABLE 29 Global market from nitrogen, 2019 - 2022 (Revenue)
TABLE 30 Global market from nitrogen, 2023 - 2027 (Revenue)
TABLE 31 Global market from nitrogen, 2028 - 2032 (Revenue)
TABLE 32 Global market from nitrogen, by region, 2019 - 2022 (USD Million)
TABLE 33 Global market from nitrogen, by region, 2023 - 2027 (USD Million)
TABLE 34 Global market from nitrogen, by region, 2028 - 2032 (USD Million)
TABLE 35 Global market from oxygen, 2019 - 2022 (Revenue)
TABLE 36 Global market from oxygen, 2023 - 2027 (Revenue)
TABLE 37 Global market from oxygen, 2028 - 2032 (Revenue)
TABLE 38 Global market from oxygen, by region, 2019 - 2022 (USD Million)
TABLE 39 Global market from oxygen, by region, 2023 - 2027 (USD Million)
TABLE 40 Global market from oxygen, by region, 2028 - 2032 (USD Million)
TABLE 41 Global market from argon, 2019 - 2022 (Revenue)
TABLE 42 Global market from argon, 2023 - 2027 (Revenue)
TABLE 43 Global market from argon, 2028 - 2032 (Revenue)
TABLE 44 Global market from argon, by region, 2019 - 2022 (USD Million)
TABLE 45 Global market from argon, by region, 2023 - 2027 (USD Million)
TABLE 46 Global market from argon, by region, 2028 - 2032 (USD Million)
TABLE 47 Global market from others, 2019 - 2022 (Revenue)
TABLE 48 Global market from others, 2023 - 2027 (Revenue)
TABLE 49 Global market from others, 2028 - 2032 (Revenue)
TABLE 50 Global market from others, by region, 2019 - 2022 (USD Million)
TABLE 51 Global market from others, by region, 2023 - 2027 (USD Million)
TABLE 52 Global market from others, by region, 2028 - 2032 (USD Million)
TABLE 53 Global market from iron & steel, 2019 - 2022 (Revenue)
TABLE 54 Global market from iron & steel, 2023 - 2027 (Revenue)
TABLE 55 Global market from iron & steel, 2028 - 2032 (Revenue)
TABLE 56 Global market from iron & steel, by region, 2019 - 2022 (USD Million)
TABLE 57 Global market from iron & steel, by region, 2023 - 2027 (USD Million)
TABLE 58 Global market from iron & steel, by region, 2028 - 2032 (USD Million)
TABLE 59 Global market from oil & gas, 2019 - 2022 (Revenue)
TABLE 60 Global market from oil & gas, 2023 - 2027 (Revenue)
TABLE 61 Global market from oil & gas, 2028 - 2032 (Revenue)
TABLE 62 Global market from oil & gas, by region, 2019 - 2022 (USD Million)
TABLE 63 Global market from oil & gas, by region, 2023 - 2027 (USD Million)
TABLE 64 Global market from oil & gas, by region, 2028 - 2032 (USD Million)
TABLE 65 Global market from healthcare, 2019 - 2022 (Revenue)
TABLE 66 Global market from healthcare, 2023 - 2027 (Revenue)
TABLE 67 Global market from healthcare, 2028 - 2032 (Revenue)
TABLE 68 Global market from healthcare, by region, 2019 - 2022 (USD Million)
TABLE 69 Global market from healthcare, by region, 2023 - 2027 (USD Million)
TABLE 70 Global market from healthcare, by region, 2028 - 2032 (USD Million)
TABLE 71 Global market from chemicals, 2019 - 2022 (Revenue)
TABLE 72 Global market from chemicals, 2023 - 2027 (Revenue)
TABLE 73 Global market from chemicals, 2028 - 2032 (Revenue)
TABLE 74 Global market from chemicals, by region, 2019 - 2022 (USD Million)
TABLE 75 Global market from chemicals, by region, 2023 - 2027 (USD Million)
TABLE 76 Global market from chemicals, by region, 2028 - 2032 (USD Million)
TABLE 77 Global market from others, 2019 - 2022 (Revenue)
TABLE 78 Global market from others, 2023 - 2027 (Revenue)
TABLE 79 Global market from others, 2028 - 2032 (Revenue)
TABLE 80 Global market from others, by region, 2019 - 2022 (USD Million)
TABLE 81 Global market from others, by region, 2023 - 2027 (USD Million)
TABLE 82 Global market from others, by region, 2028 - 2032 (USD Million)
TABLE 83 North America market, 2019 - 2022 (Revenue)
TABLE 84 North America market, 2023 - 2027 (Revenue)
TABLE 85 North America market, 2028 - 2032 (Revenue)
TABLE 86 North America market from end use, 2019 - 2022 (USD Million)
TABLE 87 North America market from end use, 2023 - 2027 (USD Million)
TABLE 88 North America market from end use, 2028 - 2032 (USD Million)
TABLE 89 U.S. market, 2019 - 2022 (Revenue)
TABLE 90 U.S. market, 2023 - 2027 (Revenue)
TABLE 91 U.S. market, 2028 - 2032 (Revenue)
TABLE 92 U.S. market from process, 2019 - 2022 (USD Million)
TABLE 93 U.S. market from process, 2023 - 2027 (USD Million)
TABLE 94 U.S. market from process, 2028 - 2032 (USD Million)
TABLE 95 U.S. market from gas, 2019 - 2022 (USD Million)
TABLE 96 U.S. market from gas, 2023 - 2027 (USD Million)
TABLE 97 U.S. market from gas, 2028 - 2032 (USD Million)
TABLE 98 U.S. market from end use, 2019 - 2022 (USD Million)
TABLE 99 U.S. market from end use, 2023 - 2027 (USD Million)
TABLE 100 U.S. market from end use, 2028 - 2032 (USD Million)