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Asia Pacific Air Separation Plant Market Size study, by Process (Cryogenic, Non-cryogenic) by Gas (Nitrogen, Oxygen, Argon, Others) by End-use (Iron & steel, Oil & Gas, Chemical, Healthcare, Others) and Country Forecasts 2022-2032

June 2024 | 200 pages | ID: A18848F8C781EN
Bizwit Research & Consulting LLP

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Asia Pacific Air Separation Plant Market is valued approximately USD 3.11 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.99% over the forecast period 2024-2032. An Air Separation Plant (ASP) is a facility used for the separation of atmospheric air into its primary components, primarily nitrogen, oxygen, and argon. The process typically involves cryogenic distillation, where air is cooled and compressed to very low temperatures, causing its components to liquefy at different points. These liquefied components are then separated through distillation processes. The key trend of Air Separation Plant Market in Asia Pacific is increasing focus on healthcare infrastructure development. There has been a rising demand for medical gases such as oxygen and nitrogen. Air separation plants play a crucial role in producing high-purity medical gases, which are essential for medical treatments and facilities.

Moreover, the rapid industrialization and urbanization in Asia Pacific countries are leading to increased demand for industrial gases. Air separation plants are essential for producing gases such as nitrogen, oxygen and argon, which find applications across various industries such as chemicals, metallurgy, healthcare, electronics, and food processing. Additionally, growing shift towards renewable energy, supportive initiatives and regulations, growing demand in metal fabrication and automotive industries and rising demand for LNG production are anticipated to support the market growth. However, the high cost associated with fabrication and operation are expected to hinder the market growth during the forecast period 2024-2032.

The key countries considered for the Asia Pacific Air Separation Plant market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. The Air Separation Plant market in China is driven by the expanding healthcare sector, rising demand for industrial gases, growing Steel and Process Industries, and growing infrastructure projects, including construction, transportation, and energy, require substantial amount of industrial gases for various applications such as welding, cutting, and powering machinery. Also, the growing expansion of refineries in China creates significant demand for industrial gases, which in turn fuels the growth of the air separation plant market by requiring additional capacity to meet the rising needs of the refining industry. In March 2023, Saudi Aramco aims to initiate operations at its refinery and inaugurate its new petrochemical project in northeast China. The USD 10 billion endeavor, located in Panjin, Liaoning Province, marks Aramco's second significant venture in the refining and petrochemical sectors within China. Moreover, India is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:
Taiyo Nippon Sanso Corporation
Daesung Industrial Co., Ltd.
Air Water Inc.
Hangzhou Hangyang Co., Ltd.
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:
By Process
Cryogenic
Non-cryogenic

By Gas
Nitrogen
Oxygen
Argon
Others

By End-use
Iron & steel
Oil & Gas
Chemical
Healthcare
Others
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. ASIA PACIFIC AIR SEPARATION PLANT MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Air Separation Plant Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Process
  2.3.2. By Gas
  2.3.3. By End-use
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC AIR SEPARATION PLANT MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC AIR SEPARATION PLANT MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC AIR SEPARATION PLANT MARKET SIZE & FORECASTS BY PROCESS 2022-2032

5.1. Cryogenic
5.2. Non-cryogenic

CHAPTER 6. ASIA PACIFIC AIR SEPARATION PLANT MARKET SIZE & FORECASTS BY GAS 2022-2032

6.1. Nitrogen
6.2. Oxygen
6.3. Argon
6.4. Others

CHAPTER 7. ASIA PACIFIC AIR SEPARATION PLANT MARKET SIZE & FORECASTS BY END-USE 2022-2032

7.1. Iron & steel
7.2. Oil & Gas
7.3. Chemical
7.4. Healthcare
7.5. Others

CHAPTER 8. ASIA PACIFIC AIR SEPARATION PLANT MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

8.1. China Air Separation Plant Market
  8.1.1. Process breakdown size & forecasts, 2022-2032
  8.1.2. Gas breakdown size & forecasts, 2022-2032
  8.1.3. End-use breakdown size & forecasts, 2022-2032
8.2. India Air Separation Plant Market
8.3. Japan Air Separation Plant Market
8.4. Australia Air Separation Plant Market
8.5. South Korea Air Separation Plant Market
8.6. Rest of Asia Pacific Air Separation Plant Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Taiyo Nippon Sanso Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Daesung Industrial Co., Ltd.
  9.3.3. Air Water Inc.
  9.3.4. Hangzhou Hangyang Co., Ltd.
  9.3.5. Company
  9.3.6. Company
  9.3.7. Company
  9.3.8. Company
  9.3.9. Company
  9.3.10. Company

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Air Separation Plant market, report scope
TABLE 2. Asia Pacific Air Separation Plant market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Air Separation Plant market estimates & forecasts by Process 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Air Separation Plant market estimates & forecasts by Gas 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Air Separation Plant market estimates & forecasts by End-use 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Air Separation Plant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Air Separation Plant market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Air Separation Plant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Air Separation Plant market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Air Separation Plant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Air Separation Plant market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Air Separation Plant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Air Separation Plant market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Air Separation Plant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Asia Pacific Air Separation Plant market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. China Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. China Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. India Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. India Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. India Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. Japan Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. Japan Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Japan Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Australia Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Australia Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Australia Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. South Korea Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. South Korea Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. South Korea Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31.
TABLE 32. RoAPAC Air Separation Plant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33. RoAPAC Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. RoAPAC Air Separation Plant market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. List of secondary sources, used in the study of Asia Pacific Air Separation Plant Market.
TABLE 36. List of primary sources, used in the study of Asia Pacific Air Separation Plant Market.
TABLE 37. Years considered for the study.
TABLE 38. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Air Separation Plant market, research methodology
FIG 2. Asia Pacific Air Separation Plant market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Air Separation Plant market, key trends 2023
FIG 5. Asia Pacific Air Separation Plant market, growth prospects 2022-2032
FIG 6. Asia Pacific Air Separation Plant market, porters 5 force model
FIG 7. Asia Pacific Air Separation Plant market, pestel analysis
FIG 8. Asia Pacific Air Separation Plant market, value chain analysis
FIG 9. Asia Pacific Air Separation Plant market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Air Separation Plant market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Air Separation Plant market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Air Separation Plant market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Air Separation Plant market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Air Separation Plant market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Air Separation Plant market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Air Separation Plant market, company market share analysis (2023)


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