Global Air Separation Unit Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Process;

Cryogenic Distillation and Non-Cryogenic Distillation.

By Gas;

Nitrogen, Oxygen, Argon and Other Gases.

By End User;

Chemical Industry, Oil and Gas Industry, Iron and Steel Industry and Other End Users.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn945792148 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Air Separation Unit Market (USD Million), 2021 - 2031

In the year 2024, the Global Air Separation Unit Market was valued at USD 4,534.92 million. The size of this market is expected to increase to USD 6,130.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

Over recent decades, the global air separation unit market has undergone significant transformations, spurred by increasing consumerism and the prevailing notion that higher consumption of goods and services is beneficial. Consumer spending has emerged as a primary driver of economic growth, prompting policymakers to prioritize initiatives that stimulate consumer expenditure as a central policy objective.

The air separation unit market is heavily influenced by industrial and innovative factors, such as the expansion of the iron and steel industries, advancements in the chemical sector, and the economic growth of emerging markets bolstered by rising foreign direct investment (FDI) in industrial sectors. Although growth projections for the market vary, India and China are anticipated to see substantial year-on-year growth opportunities.

The escalating demand for industrial gases from dynamic manufacturing sectors underscores the importance of utility gases, essential components used in goods fabrication. Government initiatives and policies focused on environmental safety are also accelerating market growth, particularly in industrial hubs like the Middle East, including countries such as Saudi Arabia and the UAE, which play pivotal roles in driving global market expansion. The burgeoning demand in the chemical sector and the emergence of robust economies further enhance growth prospects. Moreover, industrialization advancements and increased industrial gas utilization are pivotal factors contributing to the market's overall growth trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Process
    2. Market Snapshot, By Gas
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Air Separation Unit Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Industrial Gases
        2. Medical Applications
      2. Restraints
        1. High Costs
        2. Alternative Technologies
      3. Opportunities
        1. Green Technologies
        2. Developing Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Air Separation Unit Market, By Process, 2021 - 2031 (USD Million)
      1. Cryogenic Distillation
      2. Non-cryogenic Distillation
    2. Global Air Separation Unit Market, By Gas, 2021 - 2031 (USD Million)
      1. Nitrogen
      2. Oxygen
      3. Argon
      4. Other Gases
    3. Global Air Separation Unit Market, By End User, 2021 - 2031 (USD Million)
      1. Chemical Industry
      2. Oil and Gas Industry
      3. Iron and Steel Industry
      4. Other End Users
    4. Global Air Separation Unit Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Linde AG
      2. Messer Group GmbH
      3. Praxair Inc
      4. Shanghai Chinllenge Gases Co. Ltd
      5. Taiyo Nippon Sanso Corporation
      6. Air Liquide SA
      7. Air Products & Chemicals Inc
      8. Universal Industrial Plants Mfg. Co. Pvt Ltd
      9. Ellenbarrie Industrial Gases Ltd
      10. Sichuan Air Separation Group
  7. Analyst Views
  8. Future Outlook of the Market