Summary

Air Separation Plant Market Growth & Trends

The global air separation plant market size is anticipated to reach USD 8.22 billion by 2030, growing at a CAGR of 4.6% during the forecast period, according to a new report by Grand View Research, Inc. One of the significant growth drivers is the increasing adoption of alternative energy sources, including coal-to-chemicals facilities & coal-to-liquid, along with large-scale gasification plants & oxygen-based gas-to-liquid processes. The healthcare industry also relies heavily on gases like oxygen and nitrogen for medical purposes, which are produced by air separation plants. The growth of the healthcare sector, particularly in emerging markets, boosts the demand for these gases. In addition, stringent environmental regulations that promote cleaner technologies and emissions reduction drive the adoption of air separation plants for gas separation and purification.

The rapid pace of industrialization and the expansion of key industrial sectors like manufacturing, healthcare, chemicals, electronics, and energy frequently lead to heightened requirements for substantial volume of industrial gases. As these industries grow, there is a corresponding surge in the demand for air separation plants to ensure a dependable and uninterrupted gas supply. Additionally, the thriving chemical industry, particularly in Asian nations, presents significant growth opportunities for the air separation plant industry. Moreover, the rising demand for oxygen, driven by advancements in the healthcare sector and the COVID-19 pandemic, serves as another pivotal factor propelling the growth of the market.

The hydrogen economy is gaining momentum, with applications in fuel cell vehicles, energy storage, and industrial processes. Air separation plants are integral to the production of high-purity hydrogen gas, which is crucial for these applications. Moreover, as countries worldwide strive to reduce carbon emissions and transition toward cleaner energy sources, the demand for air separation plants for hydrogen production through technologies like electrolysis and Steam Methane Reforming (SMR) is increasing. As hydrogen is considered a key element in the transition to a low-carbon economy, air separation plants play a vital role in hydrogen generation.

The competitive landscape of the air separation plant sector in 2022 was marked by the presence of key industry leaders with significant influence on the market. These leaders, including Air Liquide S.A.; Linde AG; Messer Group GmbH; and Air Products and Chemicals, Inc., held substantial market shares, reflecting their strong market positions. To meet the rising demand from diverse industries, corporations are pursuing business growth through strategies such as mergers and acquisitions, the establishment of new manufacturing facilities, and geographic expansion initiatives. For instance, in May 2023, Air Products and Chemicals Inc. entered into an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC to purchase, possess, and manage an industrial gas complex.

Air Separation Plant Market Report Highlights

• Based on process, the cryogenic segment accounted for 65.4% in the year 2022. Cryogenic air separation plants use exceptionally minimal temperatures to separate atmospheric air into its primary components: nitrogen, oxygen, and argon

• Based on gas, the nitrogen segment significantly accounted for the market share in the year 2022. Nitrogen is one of the most widely used industrial gases, and its demand remains consistently high across industries

• Based on end-use, the iron & steel segment is expected to display lucrative growth over the forecast period. The expansion of the worldwide iron and steel industry, combined with its growing utilization across various sectors like aerospace, construction, and automotive, is a significant driver of growth in this particular segment

• In February 2021, INOX Air Products unveiled plans for the construction of a new cryogenic air separation facility in India. This facility is set to enable the company to produce a daily output of 300 tons of nitrogen and 700 tons of oxygen

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Air Separation Plant Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Vendor Matrix
3.6. Regulatory Framework
3.7. Air Separation Plant Market - Market dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Market Opportunity Analysis
3.7.4. Market Challenges Analysis
3.8. Industry Analysis Tools: Air Separation Plant Market
3.8.1. Porter’s Analysis
3.8.2. Macroeconomic Analysis
3.9. Economic Mega Trend Analysis
Chapter 4. Air Separation Plant Market: Process Estimates & Trend Analysis
4.1. Process Movement Analysis & Market Share, 2022 & 2030
4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2. Cryogenic
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Non-cryogenic
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Air Separation Plant Market: Gas Estimates & Trend Analysis
5.1. Gas Movement Analysis & Market Share, 2022 & 2030
5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2. Nitrogen
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Oxygen
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Argon
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Others
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Air Separation Plant Market: End-use Estimates & Trend Analysis
6.1. End-use Movement Analysis & Market Share, 2022 & 2030
6.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2. Iron & Steel
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3. Oil & Gas
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4. Chemical
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5. Healthcare
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6. Others
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Air Separation Plant Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.2. Germany
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.3. UK
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.4. France
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.5. Spain
7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.6. Italy
7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.2. China
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.4. India
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.6. Australia
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.3. Argentina
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.2. UAE
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.3. South Africa
7.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Air Separation Plant Market - Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Key Company/Competition Categorization
8.3. Participant’s Overview
8.4. Financial Overview
8.5. Product Benchmarking
8.6. Company Market Positioning
8.7. Competitive Dashboard Analysis
8.8. Company Market Share Analysis, 2022
8.9. Company Heat Map Analysis
8.10. Strategy Mapping
8.10.1. Expansions
8.10.2. Mergers & acquisitions
8.10.3. Partnerships/collaborations
8.10.4. Product launches
Chapter 9. Company Profiles
9.1. Air Liquide S.A.
9.2. Linde AG
9.3. Messer Group GmbH
9.4. Air Products and Chemicals, Inc.
9.5. E Taiyo Nippon Sanso Corporation
9.6. Praxair, Inc.
9.7. Oxyplants
9.8. AMCS Corporation
9.9. Enerflex Ltd
9.10. Technex Ltd.