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

The market is segmented by Process (Cryogenic Distillation, 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 (Japan, China, India, and Others)

Market Snapshot

Study Period:


Base Year:



4.74 %

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Market Overview

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.

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
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 the efficiency, and reduce the risks related to explosion.
  • 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 of air separation units.
  • Nitrogen is an essential ingredient in fertilizers. It is used to improve the 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 has 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.

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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 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.
  • As of 2019, World Steel Organiztaion report, China accounts for the largest 51.3% share from the total 1808 million tonnes of global crude steel pruction. Others Asia-Pacific countries like India and Japan share 5.9% and 5.8% respectively.

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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.

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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 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 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

  7. *List Not Exhaustive

** Subject to Availability

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