Nitrogen Gas-Based Air Separation Unit Market Size – By Process, By End Use, Analysis, Share, Growth Forecast, 2024 – 2032

Nitrogen Gas-Based Air Separation Unit Market Size

The global nitrogen gas-based air separation unit market was valued at USD 2.2 billion in 2023 and is set to grow at a CAGR of 4.7% from 2024 to 2032. The increasing demand for industrial gases particularly nitrogen across various industries is driving the nitrogen gas-based air separation unit (ASU) market. The growing emphasis on energy efficiency and sustainability in nitrogen ASU technology across industrial sectors is complementing the industry outlook.
 

Manufacturers are developing energy-efficient nitrogen ASU systems to reduce power consumption and greenhouse gas emissions. For instance, In February 2024, SIAD Americas LLC, a subsidiary of SIAD Macchine Impianti has been contracted by an industrial gas company to supply an air separation unit (ASU). This ASU with a capacity of 240 metric tons per day (mTPD) will provide gaseous nitrogen to a customer in the U.S. The engineering and manufacturing of the unit will take place at SIAD MI's facilities in Italy.
 

Nitrogen Gas-Based Air Separation Unit Market Trends

The nitrogen gas-based air separation unit (ASU) market growth driven by rising demand across various industries such as chemicals, electronics, healthcare, and manufacturing. The increasing adoption of on-site nitrogen generation to reduce dependency on external suppliers and lower operational costs. The shift towards energy-efficient and sustainable technologies is also gaining momentum, with companies investing in advanced ASUs that reduce carbon emissions and energy consumption.
 

Nitrogen Gas-Based Air Separation Unit Market Analysis

Based on process, the cryogenic-based industry is anticipated to surpass USD 2.2 billion by 2032. The business landscape is being improved due to rising industrial demand & increased need for hydrogen production along with the growing demand for industrial gases in sectors such as steel production, electronics manufacturing, and healthcare. Furthermore, cryogenic nitrogen gas-based ASUs are particularly effective for producing high-purity gases essential across healthcare industry, which is turn is prospering owing to the increasing private & public investments.
 

Based on end use, the healthcare end use industry will grow at a CAGR of over 5.6% through 2032. The sector is significantly propelling the use of high-purity nitrogen in medical applications such as cryopreservation, pharmaceutical manufacturing, and medical device production, which in turn is fueling the expansion of the market.
 

The U.S. nitrogen gas-based air separation unit market is projected to exceed USD 2.3 billion by 2032, driven by strong demand from the healthcare, manufacturing, and energy sectors, where government initiatives & investments are promoting the industrial growth and energy security. For instance, in June 2024, Air Liquide announced a major investment of USD 850 million to enhance its supply of oxygen and nitrogen in Texas including the development of a new nitrogen air separation unit. This cutting-edge facility will be a key component in supporting the region's growing demand for industrial gases across various sectors, including energy, manufacturing, and healthcare, thereby complementing the industry growth across the country.
 

Asia pacific nitrogen gas-based air separation unit market is set for the growth driven by the region's increasing focus on climate mitigation and sustainability initiatives. Countries in the region are prioritizing sustainability and reduced energy consumption, leading to the development of energy-efficient ASUs with advanced technologies to minimize energy usage and carbon footprint.
 

Nitrogen Gas-Based Air Separation Unit Market Share

Air Liquide, Air Products and Chemicals, Linde, and Messer are significant players in the market. These companies are pursuing mergers, acquisitions, and strategic partnerships to bolster their market presence, improve technological expertise, enhance production capacities, penetrate new markets, and to create innovative solutions that address the changing needs of customers.
 

Nitrogen Gas-Based Air Separation Unit Market Companies

Major key market players operating across the industry are:

• Air Liquide
• Air Products and Chemicals
• AIR WATER
• CRYOTEC
• Enerflex
• EuroChem
• KaiFeng Air Separation Group
• Linde plc
• Messer
• Praxair Technology
• Ranch Cryogenics
• Sichuan Air Separation Plant Group
• TAIYO NIPPON SANSO CORPORATION
• Technex
• Universal Industrial Gases
• Yingde Gases
   

Nitrogen Gas-Based Air Separation Unit Industry News

• In July 2024, Air Liquide has announced the launch of a new nitrogen air separation unit (ASU) at its liquid gases plant in Uttar Pradesh, India and will be the largest facility in the state. This cutting-edge ASU will significantly increase the production of high-purity gaseous and liquid nitrogen, catering to the growing demand across industries such as manufacturing, healthcare, and electronics.
   
• In January 2024, EuroChem has announced the construction of a new nitrogen air separation unit (ASU) at its Nevinnomysskiy production facility in Russia. The advanced ASU will bolster the site’s capacity to produce high-purity gaseous nitrogen, essential for various industrial processes. The new facility will support EuroChem's ongoing efforts to optimize operations and ensure a steady supply of industrial gases for its fertilizer production and other applications.
   

This nitrogen gas-based 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 End Use

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

The above information has been provided for the following region:

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