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Global Air Separation Plant Market Trends and Forecast 2024-2031

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Global Air Separation Plant Market Trends and Forecast 2024-2031

March 07
15:15 2024
Global Air Separation Plant Market Trends and Forecast 2024-2031
Air Separation Plant Market – DataM Intelligence
Navigate the evolving landscape of the Global Air Separation Plant Market, forecasted to achieve a steady CAGR of 5% during 2024-2031. Explore the essential role of air separation plants in extracting key gases for diverse industrial applications, from steelmaking to semiconductor fabrication. Gain insights into market segmentation, emerging trends, and key players shaping the industry’s trajectory.

Market Overview 

Air Separation Plant Market is expected to grow at a CAGR of 5% during the forecast period 2024-2031 

The air separation plant plays a crucial role in breaking down atmospheric air into its primary constituent gases, predominantly nitrogen and oxygen, along with argon and other gases. Fractional distillation is a commonly employed method for air separation, but Cryogenic Air Separation Units (ASUs) are also utilized extensively. These ASUs employ extremely low temperatures to separate gases, yielding nitrogen, oxygen, and argon. 

Various industrial air separation techniques are employed, including membrane separation, Pressure Swing Adsorption (PSA), and Vacuum Pressure Swing Adsorption (VPSA), each tailored to isolate specific gases from atmospheric air. The resulting high-purity gases, such as oxygen and argon, find application in semiconductor device fabrication. Oxygen is additionally utilized in steelmaking and metal processing, while nitrogen gas plays a significant role in food processing and packaging. 

Rare gases like argon, krypton, and neon find application in the chemical industry, particularly in the industrial production of flammable chemicals. This diverse range of gases extracted through air separation processes serves as essential components across multiple industries, contributing to various manufacturing and processing operations. 


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Air Separation Plant Market Trends 

The rise in global industrialization has been spurred by significant economic growth experienced over the past two decades, leading to profound transformations in countries and societies worldwide. Nations that previously relied predominantly on agrarian economies are now actively pursuing industrialization as a means to achieve further economic development.  

Similarly, countries already in the midst of industrialization are advancing towards more sophisticated stages, aiming to enhance their position along the value chain. Prominent examples of such economic shifts include India, China, Vietnam, Malaysia, Thailand, and Indonesia. 

Industries experiencing notable growth amid this global industrialization trend include steel production, consumer electronics, chemicals, and food processing, particularly in the Asia-Pacific region. These sectors rely on various gases for their processes, such as oxygen for steelmaking and metal processing, nitrogen for food processing and packaging, and rare gases like argon, krypton, and neon for industrial chemical production. The escalating pace of global industrialization serves as a significant driver for the growth of these markets, reflecting the increasing demand for industrial goods and services worldwide.


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Market Segmentation 

By Process 

  • Cryogenic 
  • Pressure Swing Adsorption 
  • Vacuum Pressure Swing Adsorption 
  • Membrane Separation 

By Gas 

  • Nitrogen 
  • Oxygen 
  • Argon 
  • Others 

By End-User 

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


Air Separation Plant Market Key Players 

Major players are Linde PLC, Air Liquide, Air Products Inc., Messer Group GmBH, Air Water Inc., Enerflex Ltd, Yingde Gases Group, Universal Industrial Gases, Inc., Daesung Industrial Co., Ltd, and Taiyo Nippon Sanso Corporation. 


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