Chemical Air Separation Unit Market Size - By Process (Cryogenic, Non-Cryogenic), By Gas (Nitrogen, Oxygen, Argon), Regional Outlook & Growth Forecast, 2024 – 2032

Chemical Air Separation Unit Market Size

Chemical Air Separation Unit Market was valued at USD 1.3 billion in 2023 and is set to grow at a CAGR of over 4.9% from 2024 to 2032, driven by growing demand for industrial gases in chemical manufacturing along with advancements in air separation technology. ASUs are critical for producing high-purity industrial gases like oxygen, nitrogen, and argon, which are essential for numerous applications.
 

The expanding chemical sector, driven by increasing global demand for chemicals and specialty products is fuelling the need for efficient and large-scale ASUs. This demand is particularly strong in regions with growing industrialization, such as Asia-Pacific, where chemical manufacturing is on the rise. As chemical companies seek to optimize production processes and improve product quality, the adoption of advanced air separation technologies is expected to grow.
 

Chemical Air Separation Unit Market Trends

Stringent government regulations coupled with expansion of chemical production capacity across the globe is boosting the product deployment across the chemical industries. ASUs play a critical role in helping chemical manufacturers comply with these regulations by enabling the production of high-purity gases that are essential for reducing emissions and improving process safety. In addition, countries in Asia-Pacific, the Middle East, and Africa are investing heavily in new chemical plants and the expansion of existing facilities to meet rising domestic and international demand. This expansion is creating a substantial need for ASUs to supply the necessary industrial gases for these new and expanded operations.
 

Chemical Air Separation Unit Market Analysis

Based on process, the cryogenic air separation unit industry is expected to surpass USD 1.2 billion by 2032. Technological advancements in air separation processes, such as the development of cryogenic and non-cryogenic separation technologies, are significantly enhancing the efficiency and capacity of ASUs. These advancements allow for higher purity levels of gases, lower energy consumption, and more flexible operation, which are crucial for meeting the specific needs of the chemical industry.
 

Based on gas, the nitrogen gas will showcase about 5% CAGR from 2024 to 2032. Nitrogen is used for inerting, which prevents explosive reactions and reduces the risk of environmental contamination. The growing emphasis on sustainability and regulatory compliance is driving the adoption of advanced ASUs in the chemical sector.
 

Asia Pacific chemical air separation unit market is projected to surpass USD 800 million by 2032. Rapid industrialization, urbanization, and the expansion of manufacturing sectors in countries like China and India are significantly boosting the demand for cryogenic air separation units (ASUs) within the chemical industry. As the country across the region continue to develop, the chemical sector's reliance on advanced air separation technologies to support a wide range of industrial and environmental applications is expected to grow, thereby driving the market for cryogenic ASUs
 

In the U.S., the market for air separation units (ASUs) in the chemical sector is primarily driven by robust demand chemical and energy industries. The chemical market is heavily influenced by the oil and gas industry, where there is substantial demand for nitrogen and other industrial gases produced by ASUs, particularly for enhanced oil recovery and refining processes. These factors, combined with the need for high-purity gases in various chemical applications, are driving the adoption of advanced ASUs across the U.S.
 

Chemical Air Separation Unit Market Share

Air Liquide, Linde Plc, AMCS Corporation, CRYOTEC Anlagenbau GmbH, TAIYO NIPPON SANSO CORPORATION, among others are few of the major market players in the chemical air separation unit industry. chemical companies aim to improve their competitive advantage, they are increasingly focusing on integrating ASUs into their production processes to ensure a reliable and consistent supply of gases. This trend is expected to drive significant growth in the ASU market over the coming years.
 

Chemical Air Separation Unit Market Companies

Major key players operating across the chemical air separation unit industry are:

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

Chemical Air Separation Unit Industry News

• In August 2023, Air Water Inc. announced that its US subsidiary, Air Water America, located in New Jersey, USA, will construct its first air separation unit in Rochester, New York, in the northeastern United States. This strategic move aims to enable the subsidiary to establish a comprehensive gas supply operation, covering the entire process from production to distribution of industrial gases.
   
• In March 2023, INOX Air Products (INOXAP) was awarded a contract to establish 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 both gaseous oxygen and gaseous nitrogen, alongside various other liquid medical and industrial gases.
   

This chemical air separation unit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Process

• Cryogenic
• Non-cryogenic

Market, By Gas

• Nitrogen
• Oxygen
• Argon
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Aisa Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina