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Chemical Air Separation Unit Market Trends

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

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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.

Authors: Ankit Gupta, Shashank Sisodia

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.