Europe Air Separation Unit Market Size (2024 - 2029)

The Europe air separation unit market is anticipated to experience growth, driven by the rising demand for industrial gases due to expansion in the steel and process industries. Despite challenges such as high energy consumption and capital costs, the market is recovering from the COVID-19 impact and has returned to pre-pandemic levels. The infrastructure sector's growth is expected to further boost demand for steel and related materials, offering additional opportunities for market expansion. Germany leads the market, benefiting from increased investments and demand for industrial gases across various sectors.

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Market Size of Europe Air Separation Unit Industry

Europe Air Separation Unit Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 3.00 %
Market Concentration Medium

Major Players

Europe Air Separation Unit Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Air Separation Unit Market Analysis

The Europe air separation unit market is expected to register a CAGR of 3% during the forecast period.

The market studied was negatively impacted by COVID-19 in 2020. However, it has been recovering and now reached pre-pandemic levels.

Factors such as increasing demand for industrial gases, spurred by the growth in steel and process industries, are expected to drive the growth of the market studied during the forecast period.

However, high energy consumption and high capital costs are expected to hamper the growth of the European air separation unit market during the forecast period.

Growth in the infrastructure sector may increase the demand for steel and other materials, which is expected to create lucrative growth opportunities for the Europe air separation unit market during the forecast period.

Germany dominates the market and may witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments and rising demand for industrial gases in different end-user industries.

Europe Air Separation Unit Industry Segmentation

Air separation units (ASU) are the devices used to extract gases, like nitrogen, oxygen, argon, etc., from the atmosphere through cryogenic distillation or non-cryogenic distillation.

The European air separation unit market is segmented by process, gas, end user, and geography. By process, the market is segmented into cryogenic distillation and non-cryogenic distillation. By gas, the market is segmented into nitrogen, oxygen, argon, and other gases. By end user, the market is categorized as chemical industry, oil and gas industry, iron and steel industry, and other end users. The report also covers the market size and forecasts for the air separation unit market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

By Process
Cryogenic Distillation
Non-cryogenic Distillation
By Gas
Nitrogen
Oxygen
Argon
Other Gases
By End User
Oil and Gas Industry
Iron and Steel Industry
Chemical Industry
Other End Users
By Geography
United Kingdom
Germany
France
Italy
Rest of Europe
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Europe Air Separation Unit Market Size Summary

The European air separation unit market is poised for steady growth, driven by the increasing demand for industrial gases, particularly in the steel and process industries. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. However, challenges such as high energy consumption and capital costs could impede growth. The infrastructure sector's expansion is expected to boost the demand for steel and other materials, presenting lucrative opportunities for the market. Germany stands out as a dominant player, likely to experience significant growth due to rising investments and demand for industrial gases across various end-user industries. The market's reliance on cryogenic distillation-based air separation units is particularly strong in industries like refining, iron and steel, and manufacturing, which require highly pure industrial gases to maintain operational efficiency.

The integration of cryogenic air separation units with LNG regasification units is gaining traction, offering a promising avenue for utilizing cold energy recovery. This trend is expected to further stimulate market growth, especially as companies focus on opportunities within the LNG sector. Germany's robust industrial gas market, supported by substantial EU infrastructure investments, is anticipated to drive demand for air separation units. The country's chemical and pharmaceutical industries, along with its automotive sector, are also contributing to this demand. Major players in the moderately consolidated market include Air Liquide SA, Linde PLC, SIAD Macchine Impianti SpA, Air Products & Chemicals, Inc., and Messer Group GmbH, all of which are actively investing in new projects to enhance their market presence.

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Europe Air Separation Unit Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Process

      1. 2.1.1 Cryogenic Distillation

      2. 2.1.2 Non-cryogenic Distillation

    2. 2.2 By Gas

      1. 2.2.1 Nitrogen

      2. 2.2.2 Oxygen

      3. 2.2.3 Argon

      4. 2.2.4 Other Gases

    3. 2.3 By End User

      1. 2.3.1 Oil and Gas Industry

      2. 2.3.2 Iron and Steel Industry

      3. 2.3.3 Chemical Industry

      4. 2.3.4 Other End Users

    4. 2.4 By Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 Germany

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Rest of Europe

Europe Air Separation Unit Market Size FAQs

The Europe Air Separation Unit Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Air Liquide SA , Linde PLC , SIAD Macchine Impianti SpA , Air Products & Chemicals, Inc. and Messer Group GmbH are the major companies operating in the Europe Air Separation Unit Market.

Europe Air Separation Unit Market Report Snapshots

Europe Air Separation Unit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)