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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 (2017-2027); 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 2020. The industry is further expected to grow at a CAGR of 6.8% over the forecast period of 2022-2027 to attain a value of USD 118.9 billion by 2026.
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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.
Market Segmentation
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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Supply Mode, Region |
| 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 Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Air Liquide, Linde AG, Praxair Technology, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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 (2017-2021)
8.3 Global Industrial Gases Market Forecast (2022-2027)
8.4 Global Industrial Gases Market by Type
8.4.1 Nitrogen
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Oxygen
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Carbon Dioxide
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Argon
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Hydrogen
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Metallurgy
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Energy
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Chemicals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Healthcare
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Bulk
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 On-Site
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
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 (2017-2021)
9.1.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.2.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.3.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.4.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.5.2 Forecast Trend (2022-2027)
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 Key Indicators for Demand
10.4 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 Key Figures and Tables
1. Global Industrial Gases Market: Key Industry Highlights, 2016 and 2026
2. Global Industrial Gases Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Industrial Gases Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Industrial Gases Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Industrial Gases Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Industrial Gases Historical Market: Breakup by Supply Mode (USD Billion), 2017-2021
7. Global Industrial Gases Market Forecast: Breakup by Supply Mode (USD Billion), 2022-2027
8. Global Industrial Gases Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Industrial Gases Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Industrial Gases Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Industrial Gases Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Industrial Gases Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
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 2020.
The market is projected to grow at a CAGR of nearly 6.8% in the forecast period of 2022-2027.
The market is estimated to reach a value of about USD 118.9 billion by 2026.
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 2020, 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 2022-2027, growing at a CAGR of 6.8%. The industry is projected to reach USD 118.9 billion by 2026.
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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