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    Air Separation Plant Market Analysis

    Air Separation Plant Market Analysis
    Report code - SR2740 Delivery - 2 Weeks
    Air Separation Plant Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Highlights

    An air separation plant is an industrial facility that separates atmospheric air into its primary components, mainly nitrogen, oxygen, and argon, as well as trace amounts of other gases. The process is based on the principle of cryogenic distillation, which takes advantage of the different boiling points of various gases when subjected to extremely low temperatures. The air separation plant assists in the separation of atmospheric air into nitrogen and oxygen, as the name suggests. This also deals with other gases, such as argon and other gases. These plants possess numerous applications in various industries, such as iron and steel, oil and gas, chemicals and healthcare, among others.

    The rise in the uptake of alternate energy sources such as coal-to-liquid and coal-to-chemicals plants, large-scale gasification plants, and oxygen-based gas-to-liquid acts as one of the major factors driving the growth of the air separation plant market. Air separation plants primarily produce industrial gases such as oxygen, nitrogen, and argon, which have a wide range of applications in various industries. The presence of a significant demand for these gases, either locally or regionally, acts as a driver for the establishment and operation of air separation plants.

    Segment's Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Process-Type Analysis

    Cryogenic and Non-cryogenic

    Cryogenic is anticipated to remain the biggest demand generator for air separation plants in the years to come.

    Gas-Type Analysis

    Nitrogen, Oxygen, Argon, and Others

    Nitrogen is considered to be the largest market segment in the gas segment.

    End-Use Industry-Type Analysis

    Iron & Steel, Oil & Gas, Chemical, Healthcare, and Others

    Iron & Steel is the dominant segment in the market for the forecasted period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years, whereas North America is likely to grow at the fastest rate.


    Based on the process type, the air separation plant market is segmented into cryogenic and non-cryogenic. Cryogenic is estimated to be the fastest-growing segment during the forecast period. Industrial gases like oxygen, nitrogen, and argon can be produced on a massive scale by using cryogenic air separation. The cryogenic technique makes it possible to separate and purify air components effectively, ensuring a steady supply of gases in large numbers. Cryogenic air separation technology has advanced recently, increasing energy effectiveness, better process control, and purer-generated gases. These technological developments increase the appeal of cryogenic air separation plants to industries, increasing demand.

    Based on the gas type, the market is segmented into nitrogen, oxygen, argon, and others. Nitrogen is a highly demanded industrial gas due to its adaptability and variety of uses, which ensures a continual demand for nitrogen output from air separation plants. The oil & gas sector uses nitrogen for purging, cleaning, and enhanced oil recovery (EOR) procedures. Additionally, nitrogen is used in gas blanketing to shield equipment from corrosion and stop the creation of explosive combinations.

    Based on the end-use industry type, the market is segmented into iron & steel, oil & gas, chemicals, healthcare, and others. The iron and steel industry routinely uses oxygen enrichment to increase combustion effectiveness and lower energy usage. Various steelmaking processes, including oxygen furnaces, oxygen converters, and ladle furnaces, all rely on oxygen. Air separation plants provide high-purity oxygen for use in various operations. The adoption of oxygen enrichment technologies drives the demand for air separation plants.

    In terms of regions, Asia-Pacific is the dominant region in the market due to factors like the fact that this region is well-known for its ongoing innovation and technological developments. Investments in air separation plants need to consider eco-friendly practices and technologies due to the region’s growing emphasis on environmental sustainability and energy efficiency. Manufacturers of air separation plants in the area are investing in R&D to increase plant productivity, increase automation, and lower energy usage. These developments increase the appeal of air separation plants to industries, hence raising demand.

    North America is considered the fastest-growing region in the air separation plant market due to the high manufacturing and distribution of high-purity oxygen, cylinder filling plants, and different gas generators for medical, industrial, and other applications in the region.

    Key Players

    The following are the key players in the air separation plant market:

    • Linde Plc
    • Air Liquide SA
    • Taiyo Nippon Sanso Corporation
    • Messer Group GmbH
    • Daesung Industrial Co., Ltd.
    • Air Water Inc.
    • Enerflex Ltd.
    • Yingde Gases Group Ltd.
    • Inox Air Products Private Limited

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Air Separation Plant Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The Air Separation Plant Market is segmented into the following categories. 

    Air Separation Plant Market, by Process Type

    • Cryogenic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-cryogenic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Air Separation Plant Market, by Gas Type

    • Nitrogen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oxygen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Argon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Air Separation Plant Market, by End-Use Industry Type

    • Iron & Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Air Separation Plant Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The Air Separation Plant Market is estimated to grow at a CAGR of 4.7% by 2028, driven by the rising need for industrial gases like nitrogen, oxygen, and argon in several industries.

    Linde PLc, Air Liquide SA, Air Products & Chemicals Inc., and Taiyo Nippon Sanso GmbH are the leading players in the Air Separation Plant Market.

    Asia Pacific is estimated to remain dominant in the air separation plant market in the foreseeable future. The key economies driving the regions demand for automotive seals are China, India, and Japan.

    North America is estimated to remain the fastest-growing market for air separation plant in the foreseeable future.

    Nitrogen is the gas segment which dominates the market due to the factors like many air separation plants produce nitrogen gas in response to the demand for nitrogen which is interconnected.