Air Separation Plant Market Projected to Reach USD 8 Billion by 2030, Driven by Industrial Growth and Environmental Regulations
According to a report by Next Move Strategy Consulting, the global Air Separation Plant Market was valued at USD 6 billion in 2024 and is projected to reach USD 8 billion by 2030, growing at a compound annual growth rate (CAGR) of 5% from 2025 to 2030.
Market Segmentation
The market is segmented based on process, gas, industry vertical, and region
Process: Cryogenic and Non-Cryogenic
- Gas: Nitrogen, Oxygen, Argon, and Others
- Industry Vertical: Iron & Steel, Chemical, Oil & Gas, Healthcare, and Others
Geographical Analysis
Asia-Pacific dominates the air separation plant market share, driven by the establishment of separation plants in countries like India and China, increasing the supply of oxygen and nitrogen. For instance, Air Liquide India inaugurated a new air separation unit in August 2024 with an oxygen production capacity exceeding 365 tons per day. In China, crude steel production reached 1 billion tons in 2023, fueling the demand for air separation plants to supply essential gases for efficient steel manufacturing and combustion in blast furnaces.
North America is expected to show a steady rise in the industry, with the healthcare sector driving the demand for dependable gas supply systems to aid respiratory therapies and surgeries. In the U.S., healthcare expenses increased to 7.5%, reaching USD 4.9 trillion or USD 14,570 per person in 2023, encouraging investments in the air separation industry.
Major Players
Key players in the global air separation plant market include:
- Air Liquide S.A.
- EuroChem Group AG
- Messer Group GmbH
- Praxair, Inc.
- Air Products and Chemicals, Inc.
- Enerflex Ltd.
- Technex Group
- Universal Industrial Gases
- Nippon Sanso Holdings Corporation
- Linde Plc.
- Nikkiso Co., Ltd.
- Matheson Tri-Gas, Inc.
- SIAD Macchine Impianti S.p.A.
- Brise Chemicals Private Limited
- Buzwair Industrial Gases Factories
These companies are focusing on technological advancements, strategic partnerships, and regional expansions to strengthen their presence in the global market.
Emerging Trends
- Integration of Carbon Capture Systems: The integration of carbon capture systems in air separation plants is anticipated to create significant opportunities, as industries face increasing regulatory pressure to reduce emissions.
- Modular Air Separation Plants: The development of modular air separation plants allows for customized solutions that meet specific regional needs, providing flexibility for industries requiring on-site gas supply.
- Hydrogen Production: The rise in hydrogen production, driven by the global push for cleaner energy alternatives, presents an exciting avenue for air separation plants, as the production of hydrogen often necessitates a substantial supply of pure hydrogen, which can be generated using oxygen from air separation processes.
- Smart Technologies: The integration of smart technologies, such as IoT and AI, into air separation plants offers opportunities for optimization and predictive maintenance, leading to enhanced operational efficiency and reduced downtime.
Conclusion
The global air separation plant market is poised for significant growth, driven by industrial expansion, technological advancements, and the increasing need for sustainable and efficient gas production solutions. With key players investing in innovation and regional expansion, the market offers new opportunities for businesses and stakeholders worldwide.
About Next Move Strategy Consulting
Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analyzed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every Bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors.
The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery Solutions that range from the pre consultation to after-sales services, provide an excellent client Experience and ensure right strategic decision making for businesses
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