Australia Air Separation Unit Market Size
According to Straits Research analysis, the Australia Air Separation Unit Market was valued at USD 156.5 Million in 2024 and is projected to reach USD 239.18 Million by 2033, expanding at a CAGR of 4.8% during the forecast period. This growth is propelled by the increasing demand from key sectors such as agriculture, chemical manufacturing, and energy. Air separation units are used extensively for producing industrial gases which help optimize processes in these sectors, augmenting the demand for them. The market also offers potential due to emerging trends such as green production methods, use of advanced technologies, and increased export potential. With Australia continuing to invest dramatically in these industries and encouraging sustainable practices, it is cementing its strategic position in the global air separation unit market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Air Separation Unit Market Highlights
- Within the Process category, Cryogenic Distillation dominated in 2024 in terms of market size contribution.
- Over the forecast period, Non-cryogenic Distillation is forecasted to deliver the fastest growth, positioning it as the most lucrative Process segment.
- In 2024, Australia represented 3.2% of the overall global air separation unit market size.
- United States is projected to lead the global air separation unit market size by 2033.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2033.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 2354.6 Million by 2033.
Australia Air Separation Unit Market Revenue Share 2024
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Report Summary
| Report Scope |
Details |
| Base Year for Study |
2024 |
| Study Period |
2020-2033 |
| Historical Period |
2020-2023 |
| Forecast Period |
2025-2033 |
| Market Size In 2024 |
USD 156.5 Million |
| Market Size In 2033 |
USD 239.18 Million |
| Largest segment |
Cryogenic Distillation |
| Fastest segment |
Non-cryogenic Distillation |
| Units |
Revenue in USD Million |
| CAGR |
4.8% (2025-2033) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments |
Sub Segments |
| Process |
- Cryogenic Distillation
- Non-cryogenic Distillation
|
| Gas |
- Nitrogen
- Oxygen
- Argon
- Other Gases
|
| End Use |
- Chemical Industry
- Oil and Gas Industry
- Iron and Steel Industry
- Other end-users
|
Australia Air Separation Unit Market By Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Air Separation Unit Market By Gas 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Air Separation Unit Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.