Global Air Separation Plant Market – Industry Trends and Forecast to 2030

Global Air Separation Plant Market, By Gas (Nitrogen, Oxygen, Argon, Diesel), Type (Cryogenic, Non-Cryogenic), End-User (Iron and Steel, Oil and Gas, Chemical, Healthcare, Food and Beverage, Glass Industry, Coal Gasification) - Industry Trends and Forecast to 2030.

Air Separation Plant Market Analysis and Size  

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.

Data Bridge Market Research analyzes that the global Air Separation Plant market, which was USD    5,638.20 million in 2022, would rocket up to USD   8,033.44 million by 2030, and is expected to undergo a CAGR of 4.60% during the forecast period.

The rise in the uptaking 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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Air Separation Plant Market Scope and Segmentation

Market Definition

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.

Global Air Separation Plant Market Dynamics

Drivers

• Demand for Industrial Gases

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.

• Industrial Growth

Rapid industrialization and the growth of industrial sectors such as manufacturing, healthcare, chemicals, electronics, and energy often drive the need for large quantities of industrial gases. As industries expand, there is an increased demand for air separation plants to provide a reliable and continuous supply of gases.

Opportunities

• Industrial gas supply and healthcare and medical applications create demand in the market

Air separation plants are primarily used to produce industrial gases. These gases have diverse applications across industries, including metallurgy, chemicals, pharmaceuticals, electronics, food and beverage, and more. By establishing air separation plants, you can supply nitrogen, oxygen, and argon to these industries, fulfilling their gas requirements.

Oxygen is vital for medical facilities, including hospitals, clinics, and emergency services. Air separation plants can produce high-purity medical-grade oxygen, ensuring a reliable supply for various medical applications. With the increasing demand for medical gases, this sector offers significant growth potential.

Restraints/Challenges

• Energy Consumption

Air separation plants require significant amounts of energy to operate. One of the key restraints is optimizing energy efficiency to minimize operational costs and environmental impact. Technologies such as cryogenic distillation, pressure swing adsorption (PSA), and membrane separation are employed to improve energy efficiency. Safety is a critical restraint in any industrial plant, including air separation plants. The handling of cryogenic liquids and high-pressure gases poses potential hazards. Adequate safety measures, such as robust equipment design, proper ventilation, fire protection systems, and adherence to safety protocols, are essential to ensure the safety of personnel and the surrounding environment.

Recent Developments

• In January 2022, Air Liquide will invest around 350 Crores Rupees (40 million euros) in a new Air Separation Unit (ASU) dedicated to Industrial Merchant activities in Kosi, in the state of Uttar Pradesh, Northern India. This unit will have a production capacity of 350 tonnes per day, with a maximum of 300 tonnes of oxygen. Air Liquide India will build, own and operate this ASU, which is planned to start operating by the end of 2023.

Global Air Separation Plant Market Scope

The global Air Separation Plants market is segmented into three segments: gas, type and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Gas

• Nitrogen
• Oxygen
• Argon
• Diesel

Type

• Cryogenic
• Non-cryogenic

End-User

• Iron and Steel
• Oil and Gas
• Chemical
• Healthcare
• Food and Beverage
• Glass Industry
• Coal Gasification

Global Air Separation Plant Market Regional Analysis/Insights

The global Air Separation Plant market is analyzed, and market size insights and trends are type, capacity, gas, and end-user, as referenced above.

The countries covered in this market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.                                                                                            

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

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Air Separation Plant Market Share Analysis

The global air separation plant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the market.

Some of the major players operating in the global air separation plant market are:

• Air Liquide (Paris)
• Linde (U.S.)
• Praxair Technology, Inc. (India)
• Air Products and Chemicals, Inc. (U.S)
• Messer Group GmbH (Germany),
• TAIYO NIPPON SANSO CORPORATION (China), 
• ENERFLEX LTD, (Canada)