ASIA PACIFIC AIR SEPARATION UNIT MARKET

Major Asia Pacific Air Separation Unit Market Drivers

The Asia Pacific air separation unit market is expected to rise due to an increase in activities of infrastructure development, an establishment of new industrial zones in developing nations, and a growing requirement for industrial gases. The rise in infrastructure development, in India and China, has driven growth in the steel and iron sector. This momentum is projected to propel the air separation unit market in the APAC region in the forecast period. India boasts the lowest price point for industrial gases in the Asia Pacific region, attributed to the presence of different local players across the country. The chemical industry held a substantial market share in the air separation unit market in 2019, propelled by growing need for chemicals and the commissioning of new ASUs. In addition, different countries in the region are establishing new industrial zones to foster economic development. Thereby policy-level initiatives focused on propelling industrial growth opportunities for the air separation unit market in Asia Pacific in the coming period. 

The increasing demand for industrial gases in different end-use sectors including food and beverage, healthcare, oil and gas, metallurgy, and chemical, is a key driver for the business of air separation plants. Industrial gases find application in different procedures including metal fabrication, welding, serving, and chemical processing as feedstock for synthesizing other chemicals. Industrial gases which includes nitrogen and oxygen plays a critical role in healthcare industry, it is widely used in areas such as anaesthesia, respiratory therapy, and treatment for different medical conditions.

During the Covid time the demand for oxygen surged driving the demand for industrial gases. Industrial gases including nitrogen and oxygen in metallurgy sector, help in the production of steel and other metals. Their usage improves manufacturing procedure quality and effectiveness while decreasing emissions. In addition, industrial gases serve as feedstocks in chemical industry, facilitating the production of different compounds including polymers, fertilizers, and plastics.

The Asia Pacific region is a popular manufacturer of chemicals, with commoditized chemical production entailing a significant share of the total chemical production across the region. In addition, there is a noticeable rise in share of specialty chemicals, a trend expected to persist in the forecast period. Therefore, shift in the chemical manufacturing industry, significant investments are projected in the construction of new plants in the Asia Pacific region. For instance, in 2019, Linde Company inaugurated two air separation units in a chemical park in Taixing, China. These plants boast a combined production capacity of 29,000 Nm per hour and are primarily geared towards supplying nitrogen and oxygen to Taixing Jinyan Chemical Technology. Therefore, it is projected that there will be an increase in need for air separation units in chemical industry.

Top Market Players

Various notable players operating in the market include Air Liquide SA, Linde PLC, Praxair Technology, Inc., Air Products & Chemicals, Inc., Messer Group GmbH among others.

Segments covered in the Report

The Asia Pacific Air Separation Unit Market has been segmented on the basis of Process, Gas and end user. Based on the Process, the market is segmented into Cryogenic Distillation, Non-cryogenic Distillation. Based on the Gas, the market is segmented into Nitrogen, Oxygen, Argon, Other Gases. Based on the end-user, the market is segmented into Oil and Gas Industry, Steel Industry, Chemical Industry, Food and Beverage Industry, Healthcare Industry, Other End Users.

Market Segmentation

Asia Pacific Air Separation Unit Market by Process

• • Cryogenic Distillation
  • Non-cryogenic Distillation

Asia Pacific Air Separation Unit Market by Gas 

• • Nitrogen
  • Oxygen
  • Argon
  • Other Gases

Asia Pacific Air Separation Unit Market by End User

• • Oil and Gas Industry
  • Steel Industry
  • Chemical Industry
  • Food and Beverage Industry
  • Healthcare Industry
  • Other End Users

Asia Pacific Air Separation Unit Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Air Liquide SA
  • Linde PLC
  • Praxair Technology, Inc.
  • Air Products & Chemicals, Inc.
  • Messer Group GmbH