Asia-Pacific Air Separation Unit Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Process (Cryogenic Distillation and Non-cryogenic Distillation), Gas (Nitrogen, Oxygen, Argon, and Others), End-User (Oil & Gas Industry, Steel Industry, Chemical Industry, Food & Beverage Industry, Healthcare Industry, and Others), and Geography

Market Snapshot

Study Period:


Base Year:


Major Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The market for air separation unit in Asia-Pacific is expected to grow at a CAGR of approximately 6.42% during the forecast period of 2019 – 2024. 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 the aforementioned factor, the industrial gases sector in India could witness recession, which, in turn, is likely to hinder the growth of the market studied.  

  • Steel industry accounted for the largest share in the air separation unit market in 2018, owing to the increasing demand for iron and steel.  
  • 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 to 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 industrialization in the country.

Scope of the Report

The Asia-Pacific air separation unit market report include:

Cryogenic Distillation
Non-cryogenic Distillation
Oil & Gas Industry
Steel Industry
Chemical Industry
Food & Beverage Industry
Healthcare Industry

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Steel Industry

  • The steel manufacturing industry is one of the largest consumers of industrial gasses and has accounted for more than 40% of the market share in 2018. These gasses are essential for steel manufacturing processes, and steel manufactures require air separation units in the manufacturing plant to ensure the supply of these gasses. The oxygen, nitrogen, and argon find various applications in the steel industry.  
  • In 2016, the steel prices dropped drastically to lowest in the decade. The overproduction of steel caused this drop in price. During 2016-17, the consumption of the steel grew by 2.7%, and the steel price also gained positive momentum.
  • Japan and South Korea, due to falling demand in domestic market, are investing in the global infrastructure projects. Japan and South Korea’s investment outside the domestic market have experienced a growth of 45% and 60% respectively, during 2017. These investments are expected to help develop the infrastructure projects in the developing countries in Asia-Pacific region.
  • Therefore, growing investments from these countries are expected to drive the demand for the steel, in turn, driving the air separation unit market during the forecast period.      

To understand key trends, Download Sample Report

China to Dominate the Market

  • China accounted for more than half of the market share in 2018 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 requires 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 the 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 International Trade Association, the country’s pharmaceutical industry is expected to grow during the forecast period on account of increasing private and public healthcare investments, reaching USD 1 trillion by 2020 from USD 640 billion in 2017.   
  • As industrial gases are used to preserve blood and for packaging, the growth in pharmaceutical industry is likely to spur the demand for industrial gases, which in turn, drives the demand for air separation units in China during the forecast period.    

To understand geography trends, Download Sample Report.

Competitive Landscape

The Asia-Pacific air separation unit market is moderately consolidated. The key players in this market include Linde Group, Air Liquide/ ADR, Praxair Inc., and Air Products and Chemicals Inc.     

Table Of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

    4. 1.4 Study Deliverables

    5. 1.5 Research Phases




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast, in USD billion, till 2024

    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 Others

    3. 5.3 End-User

      1. 5.3.1 Oil & Gas Industry

      2. 5.3.2 Steel Industry

      3. 5.3.3 Chemical Industry

      4. 5.3.4 Food & Beverage Industry

      5. 5.3.5 Healthcare Industry

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 Japan

      2. 5.4.2 China

      3. 5.4.3 India

      4. 5.4.4 Others


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

    2. 6.2 Market Player Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Air Liquide/ ADR

      2. 6.3.2 Air Products and Chemicals Inc.

      3. 6.3.3 Praxair Inc.

      4. 6.3.4 Inox Air Products

      5. 6.3.5 Iwatani Corporation

      6. 6.3.6 Linde Group

      7. 6.3.7 Messer Group GmbH

      8. 6.3.8 Universal Industrial Plants Mfg Co. Private Limited

      9. 6.3.9 Shanghai Chinllenge Gases Co. Ltd

      10. 6.3.10 Sichuan Air Separation Group

      11. 6.3.11 Taiyo Nippon Sanso Corporation

      12. 6.3.12 Hangzhou Hangyang Co. Ltd

    4. *List Not Exhaustive

** Subject to Availability

Related Reports