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Asia Pacific Non-Cryogenic Air Separation Unit Market Size

  • Report ID: GMI11393
  • Published Date: Sep 2024
  • Report Format: PDF

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.
 

 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The Asia Pacific Non-Cryogenic Air Separation Unit industry was worth USD 677.2 million in 2023 and is expected to grow at 4.4% CAGR from 2024 to 2032, driven by rising demand from sectors like healthcare, manufacturing, and energy.

The healthcare industry is a major driver, growing at a rate of over 3% by 2032. The increasing demand for medical oxygen in treatments, surgeries, and respiratory therapies is boosting the investment in non-cryogenic ASUs to ensure a reliable oxygen supply.

The nitrogen-based air separation unit market in the Asia Pacific region is projected to surpass USD 379 million by 2032. The growing need for nitrogen, especially in industries like metal cutting, welding, and chemicals, is driving this segment's growth.

China dominates the regional market and is projected to exceed USD 207 million by 2032. Factors such as rapid industrialization, urbanization, and growth in the manufacturing sectors, alongside the push for renewable energy sources like hydrogen, contribute to the increasing demand for non-cryogenic ASUs.

Key market players include Air Liquide, Linde Plc, TAIYO NIPPON SANSO CORPORATION, AMCS Corporation, and Sichuan Air Separation Plant Group. These companies are actively involved in mergers, acquisitions, and strategic partnerships to strengthen their market positions.

Asia Pacific Non-Cryogenic Air Separation Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 12
  • Countries covered: 5
  • Pages: 90
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