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Industrial Gases Market

Global Industrial Gases Market Size, Share, Analysis: By Type: Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, Others; By Application: Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, Others; By Supply Mode: Packaged, Bulk, On-Site; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Industrial Gases Market Outlook

The global industrial gases market size was nearly USD 97.57 billion in 2023. The industry is further expected to grow at a CAGR of 6.8% over the forecast period of 2024-2032 to attain a value of USD 176.44 billion by 2032.

 

Global Industrial Gases Market

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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. 

 

Global Industrial Gases Market By Supply Mode

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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.

 

Global Industrial Gases Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Industrial Gases Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Gases Historical Market (2018-2023) 
    8.3    Global Industrial Gases Market Forecast (2024-2032)
    8.4    Global Industrial Gases Market by Type
        8.4.1    Nitrogen  
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Oxygen
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Carbon Dioxide  
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Argon
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Hydrogen  
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Industrial Gases Market by Application
        8.5.1    Manufacturing 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Metallurgy
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Energy 
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Chemicals
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Healthcare 
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Industrial Gases Market by Supply Mode
        8.6.1    Packaged    
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Bulk  
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    On-Site  
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Industrial Gases Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.8    Middle East and Africa
            8.7.8.1    Historical Trend (2018-2023) 
            8.7.8.2    Forecast Trend ( 2024-2032)
9    North America Industrial Gases Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Industrial Gases Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Industrial Gases Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Industrial Gases Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Industrial Gases Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Trade Data Analysis
    15.1    Major Importing Countries
        15.1.1    By Volume
        15.1.2    By Value
    15.2    Major Exporting Countries
        15.2.1    By Volume
        15.2.2      By Value
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Air Liquide
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Linde AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Praxair Technology, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Industrial Gases Market: Key Industry Highlights, 2018 and 2032
2.    Global Industrial Gases Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Industrial Gases Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Industrial Gases Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Industrial Gases Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Industrial Gases Historical Market: Breakup by Supply Mode (USD Billion), 2018-2023
7.    Global Industrial Gases Market Forecast: Breakup by Supply Mode (USD Billion), 2024-2032
8.    Global Industrial Gases Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Industrial Gases Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Industrial Gases Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Industrial Gases Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Industrial Gases Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Industrial Gases Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Industrial Gases Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Importing Countries by Volume
21.    Major Exporting Countries by Volume
22.    Major Importing Countries by Value 
23.    Major Exporting Countries by Value 
24.    Global Industrial Gases Market Structure

Key Questions Answered in the Report

The global industrial gases market reached a value of USD 97.57 billion in 2023. 

The market is projected to grow at a CAGR of nearly 6.8% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 176.44 billion by 2032.

The major drivers of the market include rising disposable incomes, the development of advanced packaging technologies, and the rising demand of industrial gases from healthcare, energy, electronics, oil, gas, and food and beverage sectors.

The key trends guiding the market include rising investments in the healthcare and medical sectors, technological advancements and innovations, and the rising demand for industrial gases in the food and beverage sector.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

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

The significant applications of industrial gases are manufacturing, metallurgy, energy, chemicals, and healthcare, among others.

The various supply modes considered in the market report include packaged, bulk, and on-site.

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 97.57 billion in 2023, 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 2024-2032, growing at a CAGR of 6.8%. The industry is projected to reach USD 176.44 billion by 2032. 

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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