Europe Industrial Gases Market 2024-2032
According to IMARC Group's report titled "Europe Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the Europe Industrial Gases Industry ?
The Europe industrial gases market size reached USD 16.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 23.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
Get Free Sample Report: https://www.imarcgroup.com/europe-industrial-gases-market/requestsample
Europe Industrial Gases Market Trends:
The Europe market is primarily driven by the growing demand from the healthcare sector, particularly for oxygen and medical-grade gases. In accordance with this, the rapid expansion of the food and beverage industry, requiring gases for packaging and preservation, is also contributing to market growth. Additionally, the rise in industrial activities across sectors such as manufacturing, chemicals, and electronics augmenting the need for gases such as nitrogen, hydrogen, and carbon dioxide, is propelling the market expansion.
Furthermore, the ongoing shift towards cleaner energy sources is driving demand for hydrogen in energy production and transportation, thereby providing an impetus to the market. Moreover, the growing focus on environmental sustainability and carbon reduction increasing the use of industrial gases in processes such as carbon capture and utilization, is enhancing the market appeal. Likewise, the increasing application in metal fabrication, including welding and cutting, is another significant market driver.
Europe Industrial Gases Market Scope and Growth Analysis:
The scope of the market spans various industries, including healthcare, food and beverages, chemicals, electronics, and manufacturing. The market scope is expected to experience steady growth, driven by increasing industrialization, technological advancements, and the region's commitment to sustainability. The rising adoption of hydrogen as a clean energy source, along with initiatives to develop hydrogen infrastructure, is creating new growth avenues in the market.
Additionally, the ongoing digital transformation of industries is enhancing efficiency in gas production and distribution.
As per market analysis, the growing focus on circular economy practices, such as carbon capture and utilization, is stimulating demand for specialty gases. Furthermore, the rapid expansion of the pharmaceutical and biotechnology sectors is fostering increased demand for medical gases and related technologies. The market’s scope is supported by strong regulatory frameworks and the presence of key global players, positioning Europe as a leading market for industrial gases in the coming years.
Europe Industrial Gases Market Forecast and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Europe industrial gases market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Breakup by Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Breakup by Supply Mode:
- Packaged
- Bulk
- On-Site
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=2973&flag=C
Key highlights of the Report:
- Recent Industry News
- Key Technological Trends & Development
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Medical Gases and Equipment Market Research Report, Forecast Period 2018-2023.
Also, the industry insight includes regional and segmental shares, the report is published by MRFR.Medical Gases and Equipment Market AnalysisMarket Research Future (MRFR) projects the global medical gases and equipment market to exhibit a robust 7.5% CAGR over the forecast period, according to a new report.
The increasing use of medical gases in surgical procedures is also likely to be a major driver for the global medical gases and equipment market over the forecast period.The growing geriatric population and the growing prevalence of chronic respiratory diseases is also likely to be a major driver for the global medical gases and equipment market over the forecast period, as medical gases are majorly used in the treatment and management of chronic respiratory diseases.
Increasing government support to initiatives enhancing the healthcare sector’s operations is also likely to be a major driver for the global medical gases and equipment market over the forecast period.Medical Gases and Equipment Market Competitive Analysis:Leading players in the global medical gases and equipment market include Atlas Copco, Praxair Technology Inc., Messer Group GmbH, The Linde Group, Amico Corporation, SOL S.p.A., GCE Holding AB, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Rotarex SA, SCI Analytical, Taiyo Nippon Sanso Corporation, Airgas Inc., and Air Liquide.Medical Gases and Equipment Market Segmentation:The global medical gases and equipment market has been segmented on the basis of product, application, end user, and region.By product, the global medical gases and equipment market has been segmented into medical gases, medical gas mixtures, and medical gas equipment.
The medical gases segment has been further categorized as nitrogen gas, nitrous oxide gas, oxygen gas, carbon dioxide gas, helium gas, and medical air.
The medical gas mixtures segment is further categorized into medical laser gas mixtures, medical drug gas mixtures, sterilant gas mixtures, lung diffusion mixtures, blood gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, and breathing zone monitoring calibration standard.
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.
