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Chemical Air Separation Unit Market Size

  • Report ID: GMI11190
  • Published Date: Sep 2024
  • Report Format: PDF

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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.

 

Chemical Air Separation Unit Market

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.
 

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of chemical air separation unit was worth over USD 1.3 billion in 2023 and will grow at 4.9% CAGR through 2032, driven by growing demand for industrial gases in chemical manufacturing.

The cryogenic air separation unit segment held a robust growth in 2023 and is expected to surpass USD 1.2 billion by 2032, driven by the technological advancements in air separation processes, such as the development of cryogenic and non-cryogenic separation technologies.

Asia Pacific chemical air separation unit market held a robust growth in 2023 and will grow over USD 800 million by 2032, driven by rapid industrialization, urbanization, and the expansion of manufacturing sectors.

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 among others.

Chemical Air Separation Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 15
  • Countries covered: 18
  • Pages: 100
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