High Demand for Industrial & Specialty Gases Drives the Air Separation Plants Market

Market Overview

Market Research Future (MRFR) projects the global air separation plants market size to reach USD 8.13 Billion, registering a CAGR of 5% from 2021-2027 (forecast period).

The air separation plants market has been experiencing steady growth due to various factors such as industrial expansion, increasing demand for industrial gases, and advancements in technology. Air separation plants are critical facilities used to separate atmospheric air into its primary components, primarily nitrogen, oxygen, and argon, along with other rare gases. These gases find extensive applications across various industries, including chemical, metal fabrication, healthcare, electronics, and energy, among others.

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Market Segmentation

The worldwide air separation plants industry has been segmented into type, process, gas, and application. 

• By type, the worldwide air separation plants market has been segmented into Under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and More Than 80,000 m3/h.
• By process, the global air separation plants market has been segmented into Cryogenic Distillation Process and Non-Cryogenic Distillation Process.
• By gas, the worldwide air separation plants market has been segmented into Nitrogen, Oxygen, and others.
• By application, the worldwide air separation plants market has been segmented into Chemical, Oil & Gas Industry, Paper, Metallurgy, and others.

Key Players

• Linde AG
• Air Liquide SA
• Praxair, Inc.
• Air Products and Chemicals, Inc.
• Taiyo Nippon Sanso Corporation
• Messer Group GmbH
• Universal Industrial Gases
• Enerflex Ltd.
• Technex Ltd.
• Gas Engineering LLC.

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Regional Analysis

APAC to Lead the Global Market

The Asia Pacific led the global market in 2018, followed by North America and Europe. In the Asia Pacific, there is an increasing need for high-purity industrial gases from end-use sectors such as the oil and gas industry, chemicals, and petrochemicals. In addition, the Asia Pacific region’s need for air separation plants is being driven by stringent safety and environmental rules in the healthcare sector, as well as growing demand for photovoltaic products.

North America to Follow APAC

North America is known as one of the leading manufacturers and distributors of high purity oxygen, cylinder filling plants, and various gas generators for medical, industrial, and other applications. For example, Linde North America is investing in a new gasification train as well as ancillary equipment and facilities. During the projection period, this is likely to enhance demand for air separation plants in the region.

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