Air Separation Plant Market Size Worth $ 7,715.9 Million by 2032 | CAGR: 5.0%

The global air separation plant market size is expected to reach USD 7,715.9 million by 2032, according to a new study by Polaris Market Research. The report “Air Separation Plant Market Share, Size, Trends, Industry Analysis Report, By Gas; By Process (Cryogenic Distillation, Non-Cryogenic Distillation); By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The air separation plant market involves the production of industrial gases like nitrogen, oxygen, and argon by separating them from atmospheric air. It caters to various industries, such as healthcare, food and beverage, electronics, and metal production. Key technologies include cryogenic distillation, pressure swing adsorption (PSA), and membrane separation.

Air separation plants are increasingly being used in emerging applications such as glass production, gasification, and gas-to-liquid industries. In the glass industry, air separation plants are used to produce oxygen and nitrogen for use in the production of glass. Oxygen is used as a fuel for glass furnaces, and nitrogen is used as a cooling gas. By using air separation plants to produce these gases on-site, glass manufacturers can reduce their dependence on third-party gas suppliers and improve their supply chain efficiency. In the gasification industry, air separation plants are used to produce oxygen for use in the gasification process.

Gasification is a process that converts coal, biomass, or other carbon-based materials into a synthesis gas that can be used to produce chemicals and fuels. Oxygen is used in the gasification process to increase the reaction rate and improve the efficiency of the process. In the gas-to-liquid industry, air separation plants are used to produce nitrogen and oxygen for use in the production of synthetic fuels.

 Gas-to-liquid technology involves converting natural gas or other hydrocarbons into liquid fuels such as diesel and jet fuel. Oxygen is used in the process to produce synthesis gas, which is then converted into liquid fuels. The use of air separation plants in these emerging applications is driven by the increasing demand for cleaner and more sustainable manufacturing processes. By producing gases on-site, manufacturers can reduce their environmental footprint and improve their operational efficiency. As these industries continue to grow, the demand for air separation plants is expected to increase.

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With the outbreak of the COVID-19 pandemic, the demand for medical oxygen has increased significantly. Air separation plants are a key source of medical oxygen, and the increased demand has led to an increase in the production of oxygen by these plants. With people staying at home and working remotely, the demand for electronic products has increased. This has led to an increase in the production of electronic products, which in turn has led to an increased demand for high-purity nitrogen, a key product of air separation plants.

Air Separation Plant Market Report Highlights

• In 2023, the Non-cryogenic Distillation segment accounted for the largest market share in the air separation plant market. Due to capturing the largest share by its cost-effectiveness, scalability, and technological advancements.
• The healthcare segment is expected to grow at the fastest CAGR during the forecast period. Nitrogen is used for cryopreservation, which is the preservation of biological materials at very low temperatures in the healthcare sector.
• In 2023, North America dominated the largest market. The demand for industrial gases in the United States is driven by the presence of a large number of end-use industries, including chemicals, electronics, food and beverage, and healthcare.
• Asia Pacific is expected to grow at the fastest CAGR in air separation plant market. The rise in industrialization, alongside the expanding metal production within the region, has spurred the uptake of air separation plants.
• The global key market players are Air Liquide Engineering & Construction, Air Products and Chemicals, Inc., Air Water Inc., AMCS Corporation, CRYOTEC Anlagenbau GmbH, DIG AIRGAS CO., LTD., ENERFLEX LTD., GAS Engineering, LLC., Gulf Process Gases, LLC, HangZhou Oxygen Plant Group, KaiFeng Air Separation Group Co., Ltd., Linde Plc., Novair, Phoenix Equipment Corporation, TAIYO NIPPON SANSO CORPORATION, Technex, Yingde Gases Group Co., Ltd.

Polaris Market Research has segmented the air separation plant market repair report based on gas, process, end-use, and region.

Air Separation Plant, Gas Outlook (Revenue - USD Million, 2019 - 2032)

• Oxygen
• Nitrogen
• Argon
• Others

Air Separation Plant, Process Outlook (Revenue - USD Million, 2019 - 2032)

• Cryogenic Distillation
• Non-cryogenic Distillation

Air Separation Plant, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

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

Air Separation Plant, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Air Separation Plant Market Report Scope