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Nitrogen Gas-Based Air Separation Unit Market Share

Report ID: GMI11961
Published Date: Oct 2024
Report Format: PDF

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Nitrogen Gas-Based Air Separation Unit Market Share

Nitrogen Gas-Based Air Separation Unit Company Market Share Analysis, 2023

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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

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for nitrogen gas-based air separation unit was reached USD 2.2 billion in 2023 and is set to grow at a 4.7% CAGR from 2024 to 2032, driven by increasing demand for industrial gases, particularly nitrogen, across various industries.

The healthcare end-use segment is expected to grow at a CAGR of over 5.6% through 2032, propelled by the increasing use of high-purity nitrogen in medical applications such as cryopreservation and pharmaceutical manufacturing.

The cryogenic-based market is expected to exceed USD 2.2 billion by 2032, due to the rising industrial demand and the growing need for hydrogen production.

The U.S. nitrogen gas-based ASU market is projected to exceed USD 2.3 billion by 2032, led by strong demand from the healthcare, manufacturing, and energy sectors, supported by government initiatives and investments.

The industry features key players such as 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, and Yingde Gases.