Asia-Pacific Air Separation Unit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific Air Separation Unit Market is segmented by Process (Cryogenic Distillation, and Non-cryogenic Distillation), Gas (Nitrogen, Oxygen, Argon, and Other Gases), End User (Oil and Gas Industry, Steel Industry, Chemical Industry, Food and Beverage Industry, Healthcare Industry, and Other End Users), and Geography (Japan, China, India, and Rest of Asia-Pacific)

Market Snapshot

Asia-Pacific air separation unit market overview
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >4.74 %
Asia-Pacific air separation unit market major players

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Market Overview

The r Asia-Pacific air separation unit market is expected to record 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 and steel sector. This is expected to promulgate the air separation unit market in the Asia-Pacific region, during the forecast period. The price point of industrial gases in India is the lowest in the Asia-Pacific region, due to a 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 the aforementioned factor, the industrial gases sector in India may witness a recession. Moreover, the COVID-19 pandemic has slowed down 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 investment rate, which, in turn, is likely to hinder the growth of the market studied.

  • The 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 are expected to create significant opportunities for the air separation unit market in Asia-Pacific in the near future.
  • China is expected to dominate the market over the forecast period owing to the rapid industrialization in the country.

Scope of the Report

The Asia-Pacific air separation unit market report includes:

Cryogenic Distillation
Non-cryogenic Distillation
Other Gases
End User
Oil and Gas Industry
Steel Industry
Chemical Industry
Food and Beverage Industry
Healthcare Industry
Other End Users
Rest of Asia-Pacific

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Key Market Trends

Chemical Industry to Witness Significant Growth

  • Industrial gases, like oxygen and nitrogen, are an integral part of the chemical industry. They are used for various applications, such as to facilitate the reactions, improve efficiency, and reduce the risks related to explosions.
  • The chemical plants require a continuous supply of industrial gases to run their operations. To meet these demands, the chemical plants, particularly large chemical plants, comprise air separation units.
  • Nitrogen is an essential ingredient in fertilizers. It is used to improve soil fertility. It is also used in other fertilizers, such as ammonia and urea, to promote plant growth and, in turn, yield.
  • Oxygen is used in various chemical reactions as an oxidizing agent, and for coal gasification to generate synthesis gas that can be used as a chemical feedstock for different fuels.
  • The Asia-Pacific region is a leading manufacturer of chemicals. The commoditized chemical production takes the major share of total chemical production in the region. However, the share of specialty chemicals is increasing, and it is expected to continue during the forecast period.
  • Hence, owing to this transition in the chemical manufacturing industry, the Asia-Pacific region is expected to see major investments in the construction of new plants. For instance, in October 2019, Linde company launched two air separation units (ASUs) in a chemical park in Taixing, China. The two plants have a combined production capacity of 29,000 Nm³ per hour and will primarily supply oxygen and nitrogen to Taixing Jinyan Chemical Technology.
  • Thus, this is expected to drive the demand for air separation unit in the chemical industry.
Asia-Pacific air separation unit market trends

China to Dominate the Market

  • China accounted for more than half of the market share in 2019 and is expected to continue its dominance over the forecast period.
  • The growing need for alternate energy sources in the country is likely to be met by large-scale gasification plants and gas-to-liquids, coal-to-liquids, and coal-to-chemicals plants, which require enormous quantities of oxygen.
  • Moreover, China is planning to increase the quantity of nitrogen for use in oil recovery activities, which is expected to further escalate the demand for industrial gases. The increasing growth in industrial gases, such as nitrogen and oxygen, is projected to emanate huge demand for air separation units in China during the forecast period.
  • According to the World Steel Organization report in 2019, China accounts for the largest 51.3% share from a total of 1,808 million metric ton of global crude steel production. Other Asia-Pacific countries like India and Japan share 5.9% and 5.8%, respectively.
Asia-Pacific air separation unit market share

Competitive Landscape

The Asia-Pacific air separation market is moderately consolidated. The key players include Air Liquide SA, Linde PLC, Praxair Technology Inc., Air Products & Chemicals Inc., and Messer Group GmbH.

Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Process

      1. 5.1.1 Cryogenic Distillation

      2. 5.1.2 Non-cryogenic Distillation

    2. 5.2 Gas

      1. 5.2.1 Nitrogen

      2. 5.2.2 Oxygen

      3. 5.2.3 Argon

      4. 5.2.4 Other Gases

    3. 5.3 End User

      1. 5.3.1 Oil and Gas Industry

      2. 5.3.2 Steel Industry

      3. 5.3.3 Chemical Industry

      4. 5.3.4 Food and Beverage Industry

      5. 5.3.5 Healthcare Industry

      6. 5.3.6 Other End Users

    4. 5.4 Geography

      1. 5.4.1 Japan

      2. 5.4.2 China

      3. 5.4.3 India

      4. 5.4.4 Rest of Asia-Pacific


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide SA

      2. 6.4.2 Linde PLC

      3. 6.4.3 Praxair Technology Inc.

      4. 6.4.4 Air Products & Chemicals Inc.

      5. 6.4.5 Messer Group GmbH

      6. 6.4.6 Inox Air Products Pvt. Ltd

      7. 6.4.7 Iwatani Corp

      8. 6.4.8 Universal Industrial Plants Mfg. Co. Private Limited

      9. 6.4.9 Shanghai Chinllenge Gases Co. Ltd

      10. 6.4.10 Sichuan Air Separation Group

      11. 6.4.11 Taiyo Nippon Sanso Corporation

      12. 6.4.12 Hangzhou Hangyang Co. Ltd

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Air Separation Unit Market market is studied from 2016 - 2026.

The Asia-Pacific Air Separation Unit Market is growing at a CAGR of >4.74% over the next 5 years.

Air Liquide SA , Linde PLC , Praxair Technology, Inc., Air Products & Chemicals, Inc. , Messer Group GmbH are the major companies operating in Asia-Pacific Air Separation Unit Market.

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