USD 5.80 billion
Air Separation Plant Market Size, Share, Growth Analysis, By Process(Cryogenic and Non-Cryogenic (Pressure swing adsorption (PSA), Vacuum pressure swing adsorption (VPSA), Membrane separation)), By Gas(Nitrogen, Oxygen, Argon, and Others), By End-use Industry(Iron & Steel, Oil & Gas (Upstream, Downstream), Chemical), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20E2067 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
Air Separation Plant Market Insights
Air Separation Plant Market size was valued at USD 5.80 billion in 2021 and is poised to grow from USD 6.12 billion in 2022 to USD 9.43 billion by 2030, at a CAGR of 5.55% during the forecast period (2023-2030).
The global markets have experienced an unusual transformation over several decades. This has driven a rise in consumerism, an idea that rising consumption of goods and services is constantly a desirable goal, consumer spending is the principal driver of the economy, and encouraging consumers to spend is a major policy goal.
Therefore, increasing demand for industrial gasses from dynamic manufacturing sectors. The growth of the industrial sector has led to the demand for utility gasses, which are critical components used in the fabrication of goods.
Furthermore, the increase in the demand for photovoltaic products is expected to propel the growth of the market over the forecast period. Despite having numerous advantages of air separation plants, some factors restrain and challenge the market growth. The huge development cost and the unavailability of affordable technologies are some of the restraining factors that may affect the growth of the market.
US Air Separation Plant Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
cryogenic process
Fastest Growth
Growth Rate
5.55% CAGR
Global Air Separation Plant Market ($ Bn)
Country Share for North America Region (%)
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Air Separation Plant Market Segmental Analysis
Global Air Separation Plant Market is segmented by process, gas, end-use industry, and region. Based on process, the market can be segmented into Cryogenic and Non-Cryogenic (Pressure swing adsorption (PSA), Vacuum pressure swing adsorption (VPSA), Membrane separation). Based on gas, the market is segmented into Nitrogen, Oxygen, Argon, and Others. Based on end-use industry, the market is segmented into Iron & Steel, Oil & Gas (Upstream, Downstream), Chemical, Healthcare, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Air Separation Plant Market Analysis By Process
Among these segments, the largest and most significant is the cryogenic process segment, which holds a dominant market share. Cryogenic air separation plants utilize low-temperature distillation techniques to separate atmospheric air into its primary components: nitrogen, oxygen, and argon. With their ability to produce high-purity gasses and meet large-scale industrial demands, cryogenic air separation plants find extensive applications in industries such as chemical, oil and gas, and healthcare. The logic behind the dominance is driven by the increasing demand for industrial gasses and the growth of key end-user industries. As the cryogenic process enables efficient and reliable separation of air components, it remains the go-to choice for industries seeking high-quality gasses for their operations.
On the other hand, the fastest growing segment in the global air separation plant market is the non-cryogenic process segment. Non-cryogenic air separation plants utilize techniques such as pressure swing adsorption (PSA) and membrane separation to separate air components at ambient temperatures. These plants offer advantages such as lower energy consumption, compact size, and modular designs, making them suitable for small to medium-scale gas production. The non-cryogenic segment is experiencing rapid growth due to the rising demand for on-site gas production and the increasing adoption of decentralized gas generation systems. The non-cryogenic segment demonstrates its potential in catering to the evolving needs of industries seeking cost-effective and flexible gas production solutions. As industries strive for efficiency and sustainability, non-cryogenic air separation plants present an attractive proposition, offering innovative alternatives to traditional cryogenic processes.
Air Separation Plant Market Analysis By End-User
Global air separation plant market, the end-user segments play a vital role in shaping the industry landscape. Among these segments, the largest and most prominent is the iron and steel sector, which holds a significant market share. Air separation plants are crucial in the iron and steel industry for the production of oxygen, nitrogen, and argon, which are utilized in various steelmaking processes. The continuous demand for steel, driven by industrial growth and infrastructure development, fuels the dominance of the iron and steel segment. As the global demand for steel continues to rise, the iron and steel sector presents a robust market for air separation plants, providing the essential gasses necessary for steel production and maintaining the industry's growth momentum.
Additionally, the fastest growing segment within the global air separation plant market is the healthcare sector. Air separation plants play a critical role in the healthcare industry by supplying medical-grade oxygen and nitrogen for various medical applications. The increasing focus on healthcare infrastructure development, advancements in medical treatments, and the growing need for respiratory care drive the growth of the healthcare segment. The healthcare segment showcases its exponential growth potential. As the demand for medical gasses continues to surge, air separation plants become indispensable in ensuring the availability of high-purity gasses for medical facilities and treatments. This trajectory positions the healthcare segment as a dynamic and promising driver of the global air separation plant market, contributing to the betterment of global healthcare systems and patient care.
Global Air Separation Plant Market By Applications
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Air Separation Plant Market Regional Insights
In the global air separation plant market, regional insights reveal the dynamics and growth patterns across different regions. Among these regions, Asia-Pacific emerges as the dominating region, wielding significant influence in the market. The region's dominance can be attributed to the rapid industrialization, robust manufacturing sector, and increasing investments in key industries such as iron and steel, oil and gas, and chemicals. With countries like China and India at the forefront of industrial growth, Asia-Pacific commands a substantial market share in the air separation plant market. Its strategic location, favorable government policies, and growing demand for industrial gasses contribute to its dominance, making it a hub for air separation plant installations.
On the other hand, the fastest growing region in the global air separation plant market is projected to be the Middle East and Africa (MEA). The region's rapid growth can be attributed to the flourishing oil and gas industry, expanding petrochemical sector, and increasing investments in infrastructure development. MEA boasts abundant natural gas reserves, making it an ideal location for air separation plants that play a crucial role in gas processing and refining operations. Additionally, the growing demand for industrial gasses in various sectors, including chemicals, healthcare, and metallurgy, further propels the market's growth in the region. With a combination of strategic geographical advantages and growing industrial activities, the Middle East and Africa region presents attractive opportunities for air separation plant manufacturers and suppliers.
Global Air Separation Plant Market By Geography
- Largest
- Fastest
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Air Separation Plant Market Dynamics
Air Separation Plant Market Drivers
Growing Industrialization And Infrastructure Development
- The increasing industrial activities and infrastructure projects across various sectors, such as iron and steel, oil and gas, and chemicals, are driving the demand for air separation plants. These plants play a crucial role in supplying industrial gasses required for manufacturing processes, contributing to the market's growth.
Air Separation Plant Market Restraints
Stringent Regulatory And Environmental Standards
- The air separation plant market is subject to stringent regulatory and environmental standards, particularly regarding emissions and energy consumption. Complying with these regulations can pose challenges for plant operators and increase operational costs, acting as a restraint on market growth.
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Air Separation Plant Market Competitive Landscape
The competitive landscape of the global air separation plant market is characterized by intense competition among key players striving to capture a larger market share. The market is highly consolidated, with several established players dominating the industry. These companies focus on strategies such as mergers and acquisitions, partnerships, and new product developments to strengthen their market position. Moreover, technological advancements and innovation play a crucial role in gaining a competitive edge. Key players invest in research and development activities to introduce more efficient and sustainable air separation plant solutions. Additionally, expanding their geographical presence through strategic collaborations and alliances allows companies to tap into new markets and cater to a broader customer base. The competitive landscape is further intensified by the presence of local and regional players who offer cost-effective solutions, challenging the market share of established players. As the demand for air separation plants continues to grow, the competitive landscape is expected to witness increased rivalry and a focus on differentiation through product quality, reliability, and customer service.
Air Separation Plant Market Top Player’s Company Profiles
- Linde plc (Germany)
- Air Liquide S.A. (France)
- Praxair Technology, Inc. (US)
- Air Products and Chemicals, Inc. (US)
- Taiyo Nippon Sanso Corporation (Japan)
- Messer Group GmbH (Germany)
- Yingde Gases Group Company Limited (China)
- Enerflex Ltd. (Canada)
- Universal Industrial Gases, Inc. (US)
- Novair Industries AB (Sweden)
- Matheson Tri-Gas, Inc. (US)
- Gulf Cryo (Bahrain)
- The Southern Gas Limited (India)
- Cryotec Anlagenbau GmbH (Germany)
- Cryogenmash JSC (Russia)
- Parker Hannifin Corporation (US)
- Buzwair Industrial Gases Factories (Qatar)
- Xuzhou Huaxing Gas Co., Ltd. (China)
- MVS Engineering Pvt. Ltd. (India)
- Atlas Copco AB (Sweden)
Air Separation Plant Market Recent Developments
- In April 2022, Air Liquide, a global leader in the industrial gas industry, partnered with EZZ Steel in the Middle East and Africa region. EZZ Steel, a prominent player in the steel sector, established a new plant in Ain Sokhna, located east of Cairo, Egypt. The two companies signed an agreement for the supply of industrial gases to support EZZ's operations. Air Liquide committed to investing USD 80 million in the construction of an Air Separation Unit (ASU) to meet the gas requirements of EZZ Steel and other customers in the region.
Air Separation Plant Key Market Trends
- One of the key market trends in the global air separation plant market is the growing demand for industrial gasses in various end-use industries. Industries such as oil and gas, chemicals, healthcare, and manufacturing rely heavily on industrial gasses like oxygen, nitrogen, and argon for their production processes. As these industries continue to expand and evolve, the demand for air separation plants to supply these gasses also increases. This trend is driven by factors such as population growth, urbanization, and industrialization in emerging economies.
Air Separation Plant Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Global Air Separation Plant Market is poised for robust growth in the foreseeable future. advancements in technologies and processes that require the use of industrial gasses contribute to the market's growth. Companies are investing in the development of efficient air separation plant solutions to meet the increasing demand and provide reliable and high-quality industrial gasses to diverse industries. The market trend is further fueled by the rising focus on sustainable practices and the adoption of clean energy sources, which drives the demand for air separation plants powered by renewable energy.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 5.80 billion |
| Market size value in 2030 | USD 9.43 billion |
| Growth Rate | 5.55% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Air Separation Plant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Air Separation Plant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Air Separation Plant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Separation Plant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Separation Plant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Air Separation Plant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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