Air Separation Plant Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

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An air separation plant is an industrial plant that is charged with the responsibility of splitting the main constituents of air, which include nitrogen, oxygen, argon and carbon dioxide among others. This separation is done through cryogenic distillation or through non-cryogenic techniques such as pressure swing adsorption (PSA) and membrane separation among others. These plants are essential in producing ultra-high purity gases which are used in various applications including medical, manufacturing, chemical, and electronics sectors. Cryogenic distillation on the other hand refers to the use of cold energy in liquefaction and separation of air by boiling point while non cryogenic distillation involves an entirely different process of separation by physical or chemical methods.

This is because air separation plants offer gases that are of high purity for particular application in various fields. For instance, oxygen in medical therapies and steel making, nitrogen in inert and blanketing in chemical processes, and argon in welding and in electronics making. The air separation plant market has grown significantly in the past few years because of the higher industrialization levels, new technologies, and the rising demand for industrial gases. These plants are useful for the production of oxygen, nitrogen, and argon which are useful in areas such as health, the oil and gas industry, the iron and steel industry as well as the chemical industry among others.

The air separation plant market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period.


The growing industrialization in emerging countries such as China, India, and Brazil is leading to the increasing demand for industrial gases and resulting in the growth of the air separation plants market. Likewise, the new technologies like pressure swing adsorption (PSA), vacuum pressure swing adsorption (VPSA) and membrane technologies have also taken place. These technologies have higher purity levels, lower energy intensity, and operational costs, which are anticipated to help bolster the growth of air separation plant market during the forecast period 2024-2034.

Growth Drivers:

The rise in demand of industrial gases in industries is a key factor, which has a positive impact on the air separation plant market. Healthcare, electronics, food and beverages, metallurgic, chemical and oil and gas industries involve high use of industrial gases like oxygen, nitrogen and argon among others. The three industries continue to grow and develop, and as this occurs, there is a need for industrial gases that are pure and dependable, which are provided by the air-separating plants.

Thus, the healthcare industry can be considered as a large and increasingly important customer for air separation plants. The prevalence of respiratory diseases and procedures that entail oxygen therapy has become on the rise, coupled with the recent hike in demand for medical oxygen in the wake of the COVID-19 outbreak meaning that healthcare providers source medical-grade oxygen from air separation plants. This is a key factor that will continue to fuel market demand because hospitals, clinics, and emergency care centers require a steady supply of high quality oxygen.

Developing nations will prove to be highly lucrative for the global air separation plant market. Growth in industrial output and increasing economic activity especially in the Asia, and Latin America region spurred by China, India, Brazil and Indonesia fuels demand for industrial gases and air separation plants. These regions are still emerging markets because they have expanding industrial bases, higher healthcare requirements, and governments who are favorably disposed towards developing industry and technology.

The advances in technology have a direct impact on the growth of the global air separation plant market. Recent innovations include cryogenic distillation, PSA, VPSA, which have improved in efficiency, purity, and energy intensity. These innovations bring industries that are in search of affordable and environmentally friendly solutions to their production of industrial gases, thus increasing the demand for air separation plants.

Air Separation Plant Segmentation:

By Process:

·         Non-cryogenic

o   Membrane Separation

o   Pressure Swing Adsorption (PSA)

o   Vacuum Pressure Swing Adsorption (VPSA)

·         Cryogenic

By Gas:

·         Oxygen

·         Nitrogen

·         Argon

·         Carbon Dioxide

·         Others

By End-Use Industry:

·         Oil & Gas

·         Iron & Steel

·         Healthcare

·         Chemical

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Air Separation Plant Market by Process Review:

Based on the process, the air separation plant market is segmented into two segments including non-cryogenic, which is further sub-segmented into membrane separation, pressure swing adsorption (PSA), and vacuum pressure swing adsorption (VPSA), and cryogenic. On the basis of process, the non-cryogenic segment is expected to dominate the market in terms of market share, while the cryogenic segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.


Air Separation Plant Market by Gas Review:

Based on the gas, the market is segmented into oxygen, nitrogen, argon, carbon dioxide, and others. On the basis of gas, the nitrogen segment is expected to be the largest in terms of market share, while the oxygen segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Air Separation Plant Market by End-Use Industry Review:

Based on the end-use industry, the market is segmented into oil & gas, iron & steel, healthcare, chemical, and others. On the basis of end-use industry, the chemical segment is expected to be the largest in terms of market share, while the healthcare segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Regional Outlook:

The air separation plant market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The Asia Pacific region is forecasted to dominate the global air separation plant market followed by North America, Europe, Latin America, and Middle East & Africa during the forecast period 2023-2030.

The Asia Pacific region is expected to underscore its market dominance in the global air separation plant market, with an anticipated market size of XX.X% in 2023. The main driving forces for the regional air separation plant market include increased industrialization, increasing need for healthcare services, and favorable government policies. States such as China and India are rapidly industrializing especially in areas such as manufacturing, chemicals and electronics. This increased industrial activity increases the requirement of industrial gases, thereby positively influencing the air separation plant market. However, ongoing investments in R&D to refine the air separation technologies and to increase efficiency as well as to cut down the operating costs are expected to fuel the regional air separation plant market during the forecast period 2024-2034.

Increasing industrialization, expansion of healthcare facilities, and favorable government policies are some of the factors that make the region an essential market for the air separation plant.

There is an ongoing infrastructure growth in the Asia Pacific countries that prop up the setting and functioning of air separation plants. Infrastructure development in the transportation sector, electricity sector, and industrial parks fosters favorable conditions for industrial developments hence the need for industrial gases and air separation plants.

Furthermore, diversification and increased usage of industrial gases in various industries across the ASIA PACIFIC region contribute to the growth of the industrial gases market. Different industries such as manufacturing, chemicals, electronics, and healthcare among others benefit in the use of air separation plants for on-site generation of gases and hence boost the market in the area. Moreover, the improvement of air separation technologies like pressure swing adsorption (PSA), and vacuum pressure swing adsorption (VPSA) increases the efficiency and reliability to cut costs which in turn will foster the market growth in the region during the forecast period of 2024-2034.


North America has the significant market share of the global air separation plant market, contributing to nearly XX. X% market share in 2023. The region has a well-developed industrial infrastructure, a sound healthcare system, and a large number of key market players. In the manufacturing industry across the United States of America and Canada, industrial gases find its extensive application in metal fabrication, chemical production, and electronics manufacturing. In addition, constant capital spending’s on the research and development of new air separation technologies has seen efficiencies increase, coupled with declining operation costs, which is projected to fuel the growth of the market within the region for the forecast period of 2024-2034.

Key Companies in Air Separation Plant Market:

The research report offers a competitive analysis of prominent companies operating in the air separation plant market. Some of the leading players profiled in the market research report include:

·         Linde plc 

·         Air Liquide Engineering & Construction

·         Air Products and Chemicals, Inc. 

·         TAIYO NIPPON SANSO CORPORATION 

·         Messer Group

·         AIR WATER, INC 

·         Enerflex Ltd.

·         Yingde Gases

·         INOX-Air Products

·         Universal Industrial Gases, Inc.

·         Hangzhou Oxygen Plant Group co., Ltd

·         Other Players

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