Air Separation Plants Market to Achieve USD 8.13 Billion by 2030

Market Research Future (MRFR) has published a cooked research report on the “air separation plants Market” that contains information from 2022 to 2030. The air separation plants Market Size is estimated to register a CAGR of 5% during the forecast period of 2022 to 2030 and projected to grow at USD 8.13  billion by 2030

MRFR recognizes the following companies as the key players in the Market — Linde AG, Air Liquide SA, Praxair, Inc., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH, Universal Industrial Gases, Enerflex Ltd., Technex Ltd., Gas Engineering LLC.

Air Separation Plants Overview

Market Research Future (MRFR) projects the global air separation plants market Share to reach USD 8.13 Billion, registering a CAGR of 5% from 2022-2030 (forecast period).

The air separation plants market has been experiencing steady growth due to various factors such as industrial expansion, increasing demand for industrial gases, and advancements in technology. Air separation plants are critical facilities used to separate atmospheric air into its primary components, primarily nitrogen, oxygen, and argon, along with other rare gases. These gases find extensive applications across various industries, including chemical, metal fabrication, healthcare, electronics, and energy, among others.

Numerous Factors Boosting the Market Growth

The worldwide air separation plant industry is very dynamic and is predicted to develop rapidly over the forecast period. Product breakthroughs and technology have an impact on the growth of the air separation plant market. In addition, growth in demand for industrial and specialty gases has resulted in the Asia Pacific emerging as the fastest expanding area. Industrial gas is critical to the country's prosperity. Some industrial gases, such as nitrogen, LNG, oxygen, argon, and liquefied petroleum gas, are condensed under high pressure to facilitate storage and transportation. It is utilized in numerous industries, including steelmaking, pharmaceuticals, petrochemicals, and food and beverages. Furthermore, rapid industrialization in developing economies increased usage of industrial gases in the solar PV industry, and the development of innovative technologies are predicted to drive market demand throughout the projection period.

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Market Segmentation

The worldwide air separation plants industry has been segmented into type, process, gas, and application. 

• By type, the worldwide air separation plants market has been segmented into Under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and More Than 80,000 m3/h.
• By process, the global air separation plants market has been segmented into Cryogenic Distillation Process and Non-Cryogenic Distillation Process.
• By gas, the worldwide air separation plants market has been segmented into Nitrogen, Oxygen, and others.
• By application, the worldwide air separation plants market has been segmented into Chemical, Oil & Gas Industry, Paper, Metallurgy, and others.

Key Players

Air Separation Plants Market Players include-

• Linde AG
• Air Liquide SA
• Praxair, Inc.
• Air Products and Chemicals, Inc.
• Taiyo Nippon Sanso Corporation
• Messer Group GmbH
• Universal Industrial Gases
• Enerflex Ltd.
• Technex Ltd.
• Gas Engineering LLC.

Regional Analysis

APAC to Lead the Global Market

The Asia Pacific led the global market in 2018, followed by North America and Europe. In the Asia Pacific, there is an increasing need for high-purity industrial gases from end-use sectors such as the oil and gas industry, chemicals, and petrochemicals. In addition, the Asia Pacific region's need for air separation plants is being driven by stringent safety and environmental rules in the healthcare sector, as well as growing demand for photovoltaic products.

North America to Follow APAC

North America is known as one of the leading manufacturers and distributors of high purity oxygen, cylinder filling plants, and various gas generators for medical, industrial, and other applications. For example, Linde North America is investing in a new gasification train as well as ancillary equipment and facilities. During the projection period, this is likely to enhance demand for air separation plants in the region.

Recent Developments

Air Liquide's Agreement with EZZ Steel in Egypt:

Air Liquide, a global leader in industrial gases, signed an agreement with EZZ Steel, a prominent steel company in the Middle East and Africa. The agreement pertains to the supply of industrial gases to EZZ Steel's new plant in Ain Sokhna, located east of Cairo, Egypt. Air Liquide has planned an investment of $80 million for the construction of an Air Separation Unit (ASU) to fulfill EZZ Steel's gas requirements and cater to other customer needs in the region.

Airgas Adopts Renewable Energy in Texas, USA:

Airgas, a subsidiary of Air Liquide, is taking steps towards sustainability by purchasing wind power for its Air Separation Unit in Cleburne, Texas, situated outside of Dallas. This initiative marks the first Airgas primary production unit to be powered by an energy mix, including renewable wind energy. The air separation unit will produce liquid oxygen, argon, and nitrogen using a combination of conventional and renewable energy sources, primarily wind power.

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