Air Separation Unit Market Size & Share, Forecast 2025-2034
The air separation unit (ASU) market is experiencing significant growth, driven by increasing demand for industrial gases across various sectors. One of the key growth drivers is the rising consumption of oxygen, nitrogen, and argon in industries such as healthcare, chemicals, metal production, and electronics manufacturing. The iron and steel industry, in particular, relies heavily on ASUs to supply oxygen for blast furnaces, enhancing combustion efficiency and reducing emissions. Similarly, the growing oil and gas sector requires a steady supply of industrial gases for refining processes, natural gas liquefaction, and enhanced oil recovery. Additionally, the healthcare sector is witnessing an increased demand for medical-grade oxygen, particularly after the COVID-19 pandemic, where oxygen shortages highlighted the critical role of ASUs in ensuring a stable supply of life-saving gases.

Another major driver of market expan