The market for Asia-Pacific air separation unit is expected to grow at a CAGR of more than 4.74% during the forecast period of 2020 – 2025. The increasing infrastructure development activities, particularly in China and India, have resulted in the growth of the iron & steel sector. This is expected to promulgate the air separation unit market in Asia Pacific region, during the forecast period. The price point of industrial gases in India is lowest in Asia-Pacific region, due to large number of local players in the country. Due to stiff competition, the price point of industrial gases is very low, thereby, leading to reduced profit margins for the companies. Due to aforementioned factor, the industrial gases sector in India could witness recession. Moreover, the COVID-19 pandemic has slowdown the many industrial activities owing to the increased infection rate, country shutdowns, and transportation halts across the nation. Thus, this is expected to decrease the new investemnt rate, which, in turn, is likely to hinder the growth of the market studied. 

• Chemical industry accounted for the significant market share in the air separation unit market in 2019, owing to the increasing demand for chemicals and commissioning of new ASUs.
• Many countries across the region are developing new industrial zones to promulgate economic development. Therefore, the policy level initiatives to drive industrial growth is expected to create significant opportunities for air separation unit market in Asia-Pacific in near future.
• China is expected to dominate the market over the forecast period owing to the rapid industrialisation in the country.