South Korea Air Separation Unit Market Size & Outlook, 2025-2033
South Korea Air Separation Unit Market Size
According to Straits Research analysis, the South Korea Air Separation Unit Market was valued at USD 112.32 Million in 2024 and is projected to reach USD 175.15 Million by 2033, expanding at a CAGR of 5% during the forecast period. This thriving market is majorly driven by the chemical, energy, and agriculture industries due to their heavy reliance on air separation products. Moreover, the significant rise in industrial and manufacturing units in the region contributes substantially towards the demand. Trends such as a shift towards green production, technological advancements, and sustainability further uplift the market's prospects. Such transitions also open new avenues for export potential and low-carbon production. South Korea's strategic initiatives to foster its technological and environmental aspects place the country in a favorable position in the Air Separation Unit Market landscape.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Air Separation Unit Market Highlights
- Cryogenic Distillation held the leading position among Process segments in 2024, based on market size.
- Non-cryogenic Distillation is projected to post the fastest growth rate, sustaining its position as the most attractive Process segment during the forecast horizon.
- South Korea accounted for 2.3% of the global air separation unit market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within Asia Pacific, China is forecasted to dominate the regional air separation unit market size by 2033.
- India will be the fastest-growing market in Asia Pacific, projected to achieve USD 2354.6 Million by 2033.
South Korea 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 112.32 Million |
| Market Size In 2033 | USD 175.15 Million |
| Largest segment | Cryogenic Distillation |
| Fastest segment | Non-cryogenic Distillation |
| Units | Revenue in USD Million |
| CAGR | 5% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Process |
|
| Gas |
|
| End Use |
|
South Korea Air Separation Unit Market By Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Air Separation Unit Market By Gas 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Air Separation Unit Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
