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

Asia Pacific Non-Cryogenic Air Separation Unit Market Size

Asia Pacific Non-Cryogenic Air Separation Unit Market was valued at USD 677.2 million in 2023 and will grow at a rate of 4.4% between 2024 and 2032. The regional product demand is driven by increasing demand from sectors such as healthcare, manufacturing, and energy, the non-cryogenic air separation unit (ASU) market is witnessing significant growth. Non-cryogenic techniques, including pressure swing adsorption (PSA) and membrane separation, provide energy-efficient and straightforward solutions, particularly suited for moderate purity and smaller-scale applications.
 

Growing concerns over energy consumption coupled with the expanding applications of products across diverse industries are set to shape the industry's landscape. Non-cryogenic ASUs with their reduced energy demands, stand out against cryogenic systems. This energy efficiency renders them particularly appealing to industries where energy expenses weigh heavily. Furthermore, the metal cutting and welding sectors are increasingly turning to non-cryogenic ASUs, valuing their consistent delivery of nitrogen and oxygen, thereby complementing the market growth.
 

Asia Pacific Non-Cryogenic Air Separation Unit Market Trends

The energy sector, particularly the rise of renewable energy and hydrogen production, is driving increased demand for non-cryogenic Air Separation Units (ASUs). Hydrogen, often produced via electrolysis, relies on non-cryogenic separation methods to achieve the required purity levels. Additionally, nitrogen plays a critical role in various energy applications, such as enhanced oil recovery and maintaining inert atmospheres in power plants. Furthermore, technological advancements are significantly boosting the efficiency and performance of non-cryogenic ASUs. Innovations in materials science, automation, and process control are making these units more efficient and cost-effective, which in turn is lowering operational expenses and increasing their attractiveness across multiple industries.
 

Asia Pacific Non-Cryogenic Air Separation Unit Market Analysis

Based on gas, the market is segmented into nitrogen, oxygen, argon, & others. The nitrogen-based air separation unit industry is expected to surpass USD 379 million by 2032. Strict environmental regulations and the regional shift towards sustainability are fueling the adoption of non-cryogenic Air Separation Units (ASUs). These units play a crucial role in processes aimed at reducing greenhouse gas emissions, including carbon capture and storage (CCS) and the production of low-carbon hydrogen.
 

Based on end use, the Asia Pacific non-cryogenic air separation unit market is segmented into iron & steel, oil & gas, healthcare, chemicals, others. The healthcare end use industry will grow at a rate of over 3% through 2032. The healthcare industry is a major driver of the market owing to the increasing need for medical oxygen and prompting increased investment in ASUs to secure a reliable supply. In addition, all time high use of oxygen in medical treatments, surgeries, and respiratory therapies continues to fuel demand, contributing to ongoing market growth.
 

China dominates the regional market and is projected to exceed USD 207 million by 2032. Rapid industrialization, urbanization, and growth in the manufacturing sectors in China are fuelling the demand for non-cryogenic ASUs. In addition, the shift towards renewable energy sources and the push for hydrogen production as a cleaner fuel in the country are creating demand for non-cryogenic ASUs.
 

The region is also experiencing substantial investments in healthcare infrastructure form countries like India, which in turn is inducing favourable market growth. For instance, in April 2024, the government of India allocated over USD 10.8 billion in its interim Budget for 2024–2025 for healthcare expenditure. This investment will strengthen the healthcare industry, thereby supporting the deployment of ASUs.
 

Asia Pacific Non-Cryogenic Air Separation Unit Market Share

Air Liquide, Sichuan Air Separation Plant Group, Linde Plc, AMCS Corporation, and TAIYO NIPPON SANSO CORPORATION are among the prominent players in the Asia Pacific non-cryogenic air separation unit (ASU) market. In the cryogenic ASU market, consolidation is evident as leading players undertake mergers, acquisitions, and strategic partnerships to bolster their market position and technological prowess.
 

Asia Pacific Non-Cryogenic Air Separation Unit Market Companies

Some of the key market players operating across the industry are:

• Air Liquide
• Air Products and Chemicals, Inc.
• AIR WATER INC
• AMCS Corporation
• Enerflex Ltd.
• INOX Air Products
• KaiFeng Air Separation Group Co., LTD.
• Linde plc
• Messer
• Praxair Technology, Inc.
• Ranch Cryogenics, Inc.
• Sichuan Air Separation Plant Group
• TAIYO NIPPON SANSO CORPORATION
• Universal Industrial Gases, Inc.
• Yingde Gases
   

Asia Pacific Non-Cryogenic Air Separation Unit Industry News

• In April 2024, Linde has entered into an agreement to take over the operation of an air separation unit (ASU) at Guangdong Zhongnan Iron & Steel’s facility in Shaoguan, Guangdong Province. This deal increases Linde's total on-site production capacity in Shaoguan to around 130,000 cubic meters per hour. Alongside this de-captivation agreement, the compnay has also extended its long-term contract with Guangdong Zhongnan Iron & Steel for the supply of industrial gases at the Shaoguan plant.
   
• In March 2023, INOX Air Products (INOXAP), a specialist in industrial and medical gas production, was awarded a contract to build a sixth air separation unit (ASU) at ArcelorMittal Nippon Steel India's (AM/NS India) Hazira facility. This ASU is designed to produce 1,000 tons per day of gaseous oxygen and gaseous nitrogen, along with various other liquid medical and industrial gases.
   

Asia Pacific Non-Cryogenic Air Separation Unit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Million’ from 2021 to 2032, for the following segments:

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Market, By Gas

• Nitrogen
• Oxygen
• Argon
• Others

Market, By End Use

• Iron & Steel
• Oil & Gas
• Healthcare
• Chemicals
• Others

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Australia