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Air Separation Unit Market Share
A mix of well-established global players and emerging regional companies characterize the ASU market, all contributing to a highly competitive landscape including Air Liquide, Linde, Air Products and Chemicals, among others. This competitive environment is a key driver of innovation and efficiency within the market, leading to the development of advanced technologies and solutions.
Air Separation Unit Market Companies
Major players operating in the air separation unit industry are:
- Air Liquide
- Air Products and Chemicals
- Cryotec Anlagenbau
- Kaifeng Air Separation Group
- Linde
- Messer
- Praxair Technology
- Ranch Cryogenics
- Sichuan Air Separation Plant Group
- Taiyo Nippon Sanso
- Universal Industrial Gases
- Yingde Gases
How big is the air separation unit market?
The global market for air separation unit was reached USD 6.1 billion in 2024 and is projected to grow at a 4.3% CAGR from 2025 to 2034, driven by increasing demand for industrial gases and advancements in technology.
What is the size of the cryogenic air separation unit industry?
The cryogenic air separation unit industry is expected to exceed USD 6.5 billion by 2034, supported by rising industrial demand and the growing need for hydrogen production.
How is the nitrogen gas market evolving?
The nitrogen gas market is projected to grow at a CAGR of over 4.1% through 2034, led by its increasing use in industries such as chemical manufacturing, food and beverage processing, and electronics production.
What trends are shaping the U.S. air separation unit market?
The U.S. air separation unit market is set to surpass USD 1.3 billion by 2034, fueled by the transition to cleaner energy sources and the healthcare sector's demand for high-purity medical gases like oxygen.
Who are the major players in the air separation unit industry?
Key players in the air separation unit industry include Air Liquide, Air Products and Chemicals, Cryotec Anlagenbau, Kaifeng Air Separation Group, Linde, Messer, Praxair Technology, Ranch Cryogenics, Sichuan Air Separation Plant Group, Taiyo Nippon Sanso, Universal Industrial Gases, and Yingde Gases.