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Air Separation Plant Market : By Process, By Application, By Gas and Region Forecast 2020-2031
Air Separation Plant Market : By Process, By Application, By Gas and Region Forecast 2020-2031
Air Separation Plant Market size was valued at US$ 5.80 billion in 2024 and is expected to reach US$ 8.38 billion by 2031, growing at a significant CAGR of 5.4% from 2025-2031. Air separation plants are used for the production of different atmospheric industrial gases like argon, oxygen, nitrogen and other rate gases. Such separation plants are broadly used in small to large scale plants for the production of gases as well as other liquid products. A few of the air separation plants produce xenon, neon, oxygen and compressed dry air. The air segmentation plant is growing rapidly as there is a great demand for high purity products in different industries like steel, chemical and medical. Global air separation plant market is expanding greatly with several product quality as well as environment prevention rules combining together for increasing the scope of use of pure air-based gases around many industries.
There are many industries continue to use huge volumes of pure oxygen as well as other air gases over ambient air for reducing pollution and stick to clean initiatives. The gas and oil industry becomes the key consumer of pure air gases leading towards the overall growth of the global market. Such end-use segment is anticipated to offer huge growth opportunities in upcoming years particularly in the region like North America. The booming food industry around the globe is becoming a key consumer of food-grade air gases like oxygen, nitrogen, carbon and dioxide for use around several application areas. Because of the fast increase in demand for pure air gases, several growth opportunities will be provided by the air separation plants market. There are several new key players entering into this market. air separation plants are usually considered to be the feasible means of recovering rare gases needed in the industries.
Study Period
2025-2031Base Year
2024CAGR
5.4%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
The Growing demand of industrial gases from dynamic manufacturing sectors and increasing demand for medical oxygen due to covid-19. Restraints: High cost associated with fabrication, component assembly and operations.
APAC accounts for the highest production and consumption of steel in the world, along with one of the highest oil refining capacities. Increasing industrial activities in different regions of Middle East like Saudi Arabia and UAE and increase in government rules about environment safety are projected to drive the market growth over the forecast period. Increase in demand from chemical companies as well as developing economies are anticipated to make available a huge number of opportunities n the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 5.80 billion |
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Market Size in 2031 |
US$ 8.38 billion |
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Market CAGR |
5.4% |
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By Gas type |
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By Process type |
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By Application |
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By Region |
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Air separation plant market size was valued at US$ 5.80 billion in 2024 and is expected to reach US$ 8.38 billion by 2031, growing at a significant CAGR of 5.4% from 2025-2031
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Air Separation Plant Market Introduction |
| 2.1.Global Air Separation Plant Market - Taxonomy |
| 2.2.Global Air Separation Plant Market - Definitions |
| 2.2.1.Gas type |
| 2.2.2.Process type |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Air Separation Plant Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Air Separation Plant Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Air Separation Plant Market By Gas type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. Nitrogen |
| 5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Oxygen |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Air Separation Plant Market By Process type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Non-cryogenic |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cryogenic |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Clinics and Ambulatory Surgery Centers |
| 6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Air Separation Plant Market By Application, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Healthcare industry |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Chemical Industry |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Oil & Gas Industry |
| 7.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Air Separation Plant Market By Region, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Air Separation Plant Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. Gas type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Nitrogen |
| 9.1.2.Oxygen |
| 9.1.3.Others |
| 9.2. Process type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Non-cryogenic |
| 9.2.2.Cryogenic |
| 9.2.3.Clinics and Ambulatory Surgery Centers |
| 9.3. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Healthcare industry |
| 9.3.2.Chemical Industry |
| 9.3.3.Oil & Gas Industry |
| 9.3.4.Others |
| 9.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Air Separation Plant Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. Gas type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Nitrogen |
| 10.1.2.Oxygen |
| 10.1.3.Others |
| 10.2. Process type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Non-cryogenic |
| 10.2.2.Cryogenic |
| 10.2.3.Clinics and Ambulatory Surgery Centers |
| 10.3. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Healthcare industry |
| 10.3.2.Chemical Industry |
| 10.3.3.Oil & Gas Industry |
| 10.3.4.Others |
| 10.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Air Separation Plant Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. Gas type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Nitrogen |
| 11.1.2.Oxygen |
| 11.1.3.Others |
| 11.2. Process type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Non-cryogenic |
| 11.2.2.Cryogenic |
| 11.2.3.Clinics and Ambulatory Surgery Centers |
| 11.3. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Healthcare industry |
| 11.3.2.Chemical Industry |
| 11.3.3.Oil & Gas Industry |
| 11.3.4.Others |
| 11.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Air Separation Plant Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. Gas type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Nitrogen |
| 12.1.2.Oxygen |
| 12.1.3.Others |
| 12.2. Process type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Non-cryogenic |
| 12.2.2.Cryogenic |
| 12.2.3.Clinics and Ambulatory Surgery Centers |
| 12.3. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Healthcare industry |
| 12.3.2.Chemical Industry |
| 12.3.3.Oil & Gas Industry |
| 12.3.4.Others |
| 12.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Air Separation Plant Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. Gas type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Nitrogen |
| 13.1.2.Oxygen |
| 13.1.3.Others |
| 13.2. Process type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Non-cryogenic |
| 13.2.2.Cryogenic |
| 13.2.3.Clinics and Ambulatory Surgery Centers |
| 13.3. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Healthcare industry |
| 13.3.2.Chemical Industry |
| 13.3.3.Oil & Gas Industry |
| 13.3.4.Others |
| 13.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Messer Group GmbH |
| 14.2.2.AMCS Corporation |
| 14.2.3.Technex Ltd |
| 14.2.4.Ranch Cryogenics, Inc |
| 14.2.5.Universal Boschi |
| 14.2.6.Taiyo Nippon Sanso Corporation |
| 14.2.7.Linde Engineering |
| 14.2.8.Air Liquide S.A. |
| 14.2.9.Praxair |
| 14.2.10.Enerflex Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.