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Based on gas, the nitrogen-based air separation unit market is likely to exceed USD 900 million by 2032. Stringent environmental regulations and the global push for sustainability are driving the adoption of non-cryogenic ASUs. These units are essential for processes that reduce greenhouse gas emissions, such as carbon capture and storage (CCS) and the production of low-carbon hydrogen.
Based on end use, the healthcare end use industry will grow at a rate of over 2.1% through 2032. The healthcare industry is a significant driver of the non-cryogenic ASU market, as the COVID-19 pandemic highlighted the critical need for medical oxygen, leading to increased investment in ASUs to ensure a steady supply. Beyond the pandemic, the growing use of oxygen in medical treatments, surgeries, and respiratory therapies continues to drive demand, thereby propelling market growth.
Asia Pacific non-cryogenic air separation unit market is projected to surpass USD 607 million by 2032. Rapid industrialization, urbanization, and growth in the manufacturing sectors in countries like China and India are fuelling the demand for non-cryogenic ASUs. The region is also experiencing substantial investments in healthcare infrastructure and renewable energy projects.
In the U.S., the market is driven by strong demand from the healthcare, manufacturing, and energy sectors. Government initiatives to boost industrial growth and ensure energy security are further supporting market expansion. Additionally, the oil and gas industry significantly influence the market, with substantial demand for nitrogen and other industrial gases for enhanced oil recovery and refining processes.
Air Liquide, Air Products and Chemicals, Inc, AIR WATER INC, AMCS Corporation, CRYOTEC Anlagenbau GmbH, Enerflex Ltd, KaiFeng Air Separation Group Co.,LTD., and Linde plc among others.
Asia Pacific non-cryogenic air separation unit market recorded robust growth in 2023 and is projected to exceed USD 607 million by 2032, driven by rapid industrialization, urbanization, and growth in the manufacturing sectors.
Nitrogen-based non-cryogenic air separation unit market is expected to surpass USD 900 million by 2032, owing to stringent environmental regulations and the global push for sustainability.
The market size of non-cryogenic air separation unit was reached USD 1.7 billion in 2023 and will grow at 3.5% CAGR during 2024 to 2032, driven by rising demand across various industries, including healthcare, manufacturing, and energy.