Non-Cryogenic Air Separation Unit Market Size - By Gas (Nitrogen, Oxygen, Argon), End Use (Iron & Steel, Oil & Gas, Healthcare, Chemicals), Regional Outlook & Forecast, 2024 – 2032

Non-Cryogenic Air Separation Unit Market Size - By Gas (Nitrogen, Oxygen, Argon), End Use (Iron & Steel, Oil & Gas, Healthcare, Chemicals), Regional Outlook & Forecast, 2024 – 2032

Global Non Cryogenic Air Separation Unit Market will grow at a 3.5% CAGR over 2024-2032, driven by rising healthcare needs. As per the UN, in 2023, most Least Developed Countries (LDCs) had a predominantly young population, with only 3.7 percent aged 65 or older, compared to 9 percent in other developing countries and 20 percent in developed nations. This proportion of older individuals in LDCs and other regions is expected to rise significantly over the coming decades. In addition, according to the National Institute of Health, the global cost of chronic diseases is projected to reach $47 trillion by 2030.

As the demand for medical oxygen and other gases increases, driven by an aging population and a growing prevalence of chronic diseases, healthcare facilities are seeking cost-effective and reliable gas supply solutions. Non-cryogenic air separation units offer a viable alternative, providing essential gases on-site without complex cryogenic processes. This shift towards non-cryogenic technologies ensures a steady and efficient supply of medical gases, bolstering the market growth for these innovative air separation solutions.

The overall Non Cryogenic Air Separation Unit Industry is categorized based on gas, end use, and region.

The oxygen segment is expected to dominate the Non Cryogenic ASU Market over the forecast period. The demand for oxygen in various industrial applications, including metal fabrication, healthcare, and wastewater treatment, is driving this growth. Non-cryogenic technologies provide an efficient and reliable source of oxygen, meeting the needs of industries looking for lower operational costs and reduced energy consumption. These benefits make non-cryogenic ASUs a preferred choice for oxygen production, supporting market expansion.

The chemical industry will significantly boost the Non Cryogenic ASU Market from 2024 to 2032. The need for high-purity gases, such as nitrogen and oxygen, in chemical manufacturing processes is increasing. Non-cryogenic ASUs offer an efficient solution for producing these gases on-site, reducing dependency on external suppliers and lowering costs. The ability to produce gases with consistent quality and purity standards makes non-cryogenic ASUs essential for the chemical sector, driving market growth.

Europe Non Cryogenic ASU Market is set to experience notable growth from 2024 to 2032. The region's well-established industrial base, stringent regulatory standards for gas purity, and significant investment in advanced manufacturing technologies are key factors driving market expansion. Additionally, the presence of leading industrial gas companies and strong demand from sectors like chemicals, healthcare, and metallurgy contribute to the robust growth of the non-cryogenic ASU market in Europe.