Industrial Gases Market Overview:
The Industrial Gases Market size is expected to grow at a CAGR of 6.30% during the forecast period 2022-2030, due to surging demand for industrial gases from applications in the energy.
Industrial gases are the gases that go material that is useful for industrial reasons. Oxygen, Carbondixode, Nitrogen, Acetylene, argon, and Helium to name some are the major gases that industries use the most. Such gases are supplied to different end-use industries. The supply of the same is done with the help of the gas tanker in the gaseous and liquefied form. Such gases are manufactured from the cryogenic filtration of the air process with the help of air separation units. It is also known as medical gases, fuel gases, refrigerant gases, and especially per the application in different industries.
Industrialization and urbanization are growing to a great extent. There is also an increased application noted with regards to the industrial gases in different sectors like metals, construction, food service, and mining as an alternative source of energy. This is one of the crucial of all factors which is pacing the industrial gas growth in the forecast timeline.
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CAGR
6.30% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022 to 2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type and Application
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
There is also increased consumption of the global crude oil and the need to refine is soon going to open new prospects for the industry of the industrial gases throughout the aforementioned timeline. The environmental standards are decreasing the already allowed refinery products sculpture concentration. This has led to more demand for the refining operators so the crude can be desulfurized and there can be a good market development noted. Industrial gases are used on a wide scale in the industries of the food and beverages sector. Consumers are now looking for alternatives to the regular preservation process which is actually creating a crucial development scope for the food-grade industrial gases.
The impact of Covid-19 has been quite a lot on many industries and countries. There was a demand for closing different industrial activities, especially in those areas which were badly impacted due to such virus outbreaks. The demand for industrial-grade carbon dioxide also declined to a great extent. The greenhouse gases, on the other hand, had a great demand as compared to the regular ones during the pandemic phase because of the fire fighting and medicinal uses. The requirement for Covid-19, care facilities across the country, and also carbon dioxide medicinal applications have contributed to the rise in the demand for medical-grade carbon dioxide.
Market Segmentation:
As per the Application
- Chemicals
- Energy
- Retail
- Beverages
- Metallurgy
- Manufacturing
- Healthcare
- Glass
- Food
As per the end-users
- On-Site
- Bulk
- Cylinder
Regional Classification:
In the regional analysis that has been made on the market for industrial gases, it is noted that the market is categorized into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. Asia-pacific presently is holding a huge share of the market.
Industry News:
In Malaysia's Bayan Lepas, Air Products Inc. will start with a cryogenic nitrogen facility to help the company's operations.
Key Players
- Air Liquide S.A.
- Asia Technical Gas Co (PTE) LTD (ATG)
- Taiyo Nippon Sanso Corporation
- Linde AG
- Dubai Industrial Gases
- MATHESON Tri-Gas Inc.
- National Industrial Gas Plants - Mohammed Hamad Al Mana Group
- Tripti Gases Pvt. Limited
- Ellenbarrie Industrial Gases Ltd.
- Gulf Cryo
- Messer Group GmbH
- Bhuruka Gases Ltd.
- Goyal MG Gases Pvt. Ltd
- Airgas Inc.
- Bristol Gases – Concorde Corodex Group
- BASF
- Others
Allied Market Research published a new report, titled, " Industrial Gases MarketIndustrial Gases Market by Type (Oxygen, Carbon Dioxide, Nitrogen, Hydrogen, Neon, Argon, and Krypton), Function (Packaging, Carbonation, Freezing & Chilling, and Others) and End User (Oil & Gas Industry, Petrochemical Industry, Chemical Industry, Mining Industry, Pharmaceutical Industry, Electronics Industry, Nuclear Power Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
These insights help to devise strategies and create new opportunities to achieve exceptional results.
Leading market players analyzed in the report include Southern Gas Ltd., Universal Industrial Gases, Inc., Gulf Cryo, International Industrial Gases Limited.
With the continuous population growth and its migration to cities, manufacturing output is growing around the world.
One of the key raw materials used across industries is several types of gases, such as oxygen, hydrogen, nitrogen, carbon dioxide, acetylene, argon, and helium, either as ingredients in the intermediate or final products or to support various manufacturing processes.Thus, with the growing manufacturing output, the industrial gases market revenue is set to reach $154,079.5 million by 2030 from $92,392.4 million in 2019, at a 5.5% CAGR during 2020–2030 (forecast period).
Thus, seeing the widening scope for themselves, market players are entering into mergers and acquisitions to expand their portfolio, geographical reach, technical knowledge, and customer pool.
For instance, in October 2018, Praxair Inc. and Linde AG merged to cumulatively increase their revenue.
Similarly, Air Liquide S.A. acquired Baywater Healthcare Ireland Limited in June 2015 to grow its Irish home healthcare business.Such moves are allowing the companies to better serve the oil & gas and petrochemical, food processing, chemical, healthcare, metal processing, electronics, and many other sectors.
However, the ongoing COVID-19 pandemic has made most of these industries an insignificant source of revenue for them, as most of the manufacturing plants and commercial spaces around the globe have been shut down.
The Global Industrial Gases Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Collections of gases that are manufactured according to the needs of specific industries are called as industrial gases or specialty gases.
They find applications in a wide range of industries such as oil and gas, petrochemicals, pharmaceuticals/biotechnology, food, fertilizers, electronics and aerospace.Some of the common applications of industrial gases include their use as aerosol propellants, in processing and packaging of food and in pharmaceutical industry.
Acetylene, Oxygen, Carbon Dioxide, Nitrogen, Krypton and Helium are some of the common industrial gases.
The inert nature of these gases makes them very popular.Asia-Pacific followed by North America and Europe are the major market in the global industrial gases industry.Browse the complete Global Industrial Gases Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/160-industrial-gases-market-reportThe leading producers in global industrial gases include:L’Air Liquide S.A.Air Products and Chemicals Inc.Linde AGPraxair Inc.Taiyo Nippon Sanso Corp.Airgas Inc.Matheson tri-Gas Inc.SEGMENTATIONS IN REPORT:Industrial Gases By Gases:AcetyleneOxygenCarbon DioxideNitrogenKryptonHeliumSpecialty GasesIndustrial Gases By Geography:Asia PacificNorth AmericaEuropeLatin AmericaMEADownload Free Sample Report of Global Industrial Gases Market @ https://www.decisiondatabases.com/contact/download-sample-160The Global Industrial Gases Market has been exhibited in detail in the following chapters –Chapter 1 Industrial Gases Market PrefaceChapter 2 Executive SummaryChapter 3 Industrial Gases Industry AnalysisChapter 4 Industrial Gases Market Value Chain AnalysisChapter 5 Industrial Gases Market Analysis By GasesChapter 6 Industrial Gases Market Analysis By GeographyChapter 7 Competitive Landscape Of Industrial Gases CompaniesChapter 8 Company Profiles Of Industrial Gases IndustryPurchase the complete Global Industrial Gases Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-160Other Reports by DecisionDatabases.com:Global Noble Gases Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Specialty Gases Market For Healthcare Industry Market Research Report – Industry Analysis, Size, Share, Growth, Trends And Forecast Till 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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