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Global Industrial Gases Market: By Type: Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, Others; By Application: Manufacturing, Metallurgy, Energy, Chemicals, Healthcare; By Supply Mode; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Industrial Gases Market Outlook

The global industrial gases market size was nearly USD 80.1 billion in 2019. The industry is further expected to grow at a CAGR of 6.8% over the forecast period of 2020-2025 to attain a value of USD 118.9 billion by 2025.

The global industrial gases market is being driven by the development of packaging technologies such as rapid surface chilling and others. For instance, rapid surface chilling technology demands cryogenically cooled liquid nitrogen to preserve meat; thus, it is driving the demand for industrial gases in the food and beverage sector. The nitrogen segment, among other gas-types, dominates the industry owing to its increased demand for applications like lasing gas combination, petrochemicals for instrumentation, calibration gases and controlled, and modified atmospheric packaging solutions, among others. 

Currently, the manufacturing segment, among various applications, leads the global industrial gases industry. Further, the packaged segment dominates the industry owing to its versatility, flexibility, and mobility. Also, packaged industrial gases are extensively used by manufacturers due to its availability in various sizes ranging from small portable packages to large cylinders. 

The Asia Pacific is the leading regional market, accounting for a significant industry share. The market in the region is supported by the increasing investment in the medical and healthcare sector and the thriving food and beverage industry coupled with the presence of a large population. Within the Asia Pacific, the developing countries like China and India are striving to increase their production capacity in a variety of industries such as metals, oil and gas, construction, and healthcare which induce high demand for industrial gases, and, thus, such regions are expected to provide enhanced growth opportunities to the industry.

 

Properties and Applications

Industrial gases refer to gases that are produced in large quantities for use in several production and industrial processes. They are known for their reactivity, inertness, and other physical characteristics. 

The industrial gases market segmentation, based on type, is as follows:

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Argon
  • Hydrogen
  • Others

Industrial gases like oxygen are used in advanced healthcare facilities for anaesthetic techniques as they provide a base for life support for artificially ventilated patients. Further, hydrogen is widely utilised in the transportation industry, while oxygen finds applications in gasification plants, hospitals, and steel manufacturing plants.

On the basis of application, the industry is segmented into:

  • Manufacturing
  • Metallurgy
  • Energy
  • Chemicals
  • Healthcare
  • Others

On the basis of supply mode, the industry is divided into:

  • Packaged
  • Bulk
  • On-site

The report also covers the regional industrial gases markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global industrial gases market is being driven by the growing use of industrial gases in multiple manufacturing processes. The demand for industrial gases in various sectors, including food and beverage, healthcare, energy, electronics, and oil and gas, among others, is supporting the industry growth. The development of packaging technologies such as rapid surface chilling technology will boost the demand for such gases for processing, packaging, and preservation applications. 

With the growing expenditure in research and development activities and rapid advancement in technology, the handling of industrial gases is expected to become much simpler, which will substantially aid the industry growth. The growing product demand from the Asia Pacific owing to the developing healthcare industry and growing food and beverage sector in the region is expected to create new opportunities for the industry growth over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global industrial gases market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Air Liquide 
  • Linde AG
  • Praxair Technology, Inc. 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Industrial Gases Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Gases Historical Market (2015-2019) 
    8.3    Global Industrial Gases Market Forecast (2020-2025)
    8.4    Global Industrial Gases Market by Type
        8.4.1    Nitrogen  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Oxygen
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Carbon Dioxide  
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Argon
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Hydrogen  
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global Industrial Gases Market by Application
        8.5.1    Manufacturing 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Metallurgy
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Energy 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Chemicals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Healthcare 
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Others
    8.6    Global Industrial Gases Market by Supply Mode
        8.6.1    Packaged    
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Bulk  
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    On-Site  
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
    8.7    Global Industrial Gases Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis 

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Company Profiles
        14.3.1    Air Liquide 
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Linde AG
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    Praxair Technology, Inc. 
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Industrial Gases Market: Key Industry Highlights, 2015 and 2025
2.    Global Industrial Gases Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Industrial Gases Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Industrial Gases Historical Market: Breakup by Application (USD Billion), 2015-2019
5.    Global Industrial Gases Market Forecast: Breakup by Application (USD Billion), 2020-2025
6.    Global Industrial Gases Historical Market: Breakup by Supply Mode (USD Billion), 2015-2019
7.    Global Industrial Gases Market Forecast: Breakup by Supply Mode (USD Billion), 2020-2025
8.    Global Industrial Gases Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Industrial Gases Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Industrial Gases Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Industrial Gases Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Industrial Gases Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Major Importing Countries by Volume (2019)
21.    Major Exporting Countries by Volume (2019)
22.    Major Importing Countries by Value (2019)
23.    Major Exporting Countries by Value (2019)
24.    Global Industrial Gases Market Structure

Key Questions Answered in the Report

The global industrial gases market reached a value of USD 80.1 billion in 2019. 

The market is projected to grow at a CAGR of nearly 6.8% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 118.9 billion by 2025.

The major drivers of the industry include rising disposable incomes, development of packaging technologies, and the rising demand from healthcare, energy, electronics, oil, gas, food, and beverage industries.

The rising investment in the medical and healthcare sector is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

The major types of the product include nitrogen, oxygen, carbon dioxide, argon, and hydrogen, among others, with nitrogen dominating the market.

The leading mode of supply of the product is the packaged mode.

The manufacturing sector accounts for the largest market share, among other application segments in the industry.

The leading players in the market are Air Liquide, Linde AG, and Praxair Technology, Inc., among others.

Analyst Review

The global industrial gases market attained a value of USD 80.1 billion in 2019, driven by the growth in the food and beverage industry. Aided by the growing expenditure in research and development activities, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 6.8%. The industry is projected to reach USD 118.9 billion by 2025. 

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into nitrogen, oxygen, carbon dioxide, argon, and hydrogen, among others, with nitrogen accounting for the largest market share. By supply modes, the industry is divided into packaged, bulk, and on-site, with the packaged segment leading the market. On the basis of application, the manufacturing sector accounts for the largest share in the global industry. The major regional markets for industrial gases are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Air Liquide, Linde AG, and Praxair Technology, Inc., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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