+91-8668442535
Home / Chemicals / Industrial

Industrial Gases Market By Product (Oxygen, Nitrogen, Helium, Acetylene, Argon, Hydrogen, Carbon Dioxide, Others), By Application (Automotive & Aerospace, Chemicals and Petrochemical, Energy and Oil & Gas, Food and Beverage Industry, Medical and Pharmaceuticals, Metallurgy and Metal Working Industry, Mining, Transportation, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Industrial gases are gaseous materials that are manufactured for use in industry. The principal industrial gases available are oxygen, nitrogen, helium, acetylene, argon, hydrogen, carbon dioxide, and others (krypton, xenon, methane, carbon monoxide, etc.).

The global economy grew faster in 2016 than it did in 2015, and economic experts predict that the trend is expected to continue for at least the next few years. Industrial production has been showing positive signs across North America and Europe and growing in the Asia-Pacific region. Moreover, growth in emerging economies will remain the most important driver of global economic trends over the coming years. Demand from applications in the energy, environment, healthcare, and electronics industries is expected to stimulate the global industrial gas market's growth in the long term.

On the basis of application, the global industrial gases market is segmented into automotive & aerospace, chemicals & petrochemicals, energy & oil & gas, food & beverage industry, medical & pharmaceuticals, metallurgy & metalworking industry, mining, transportation, and others. The market size and forecast of each application and product type are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period2017–20255 The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as market competition analysis and attractive investment propositions are also included in this study for the assessment of the overall market competition.The report concludes with a section on company profiles that highlight key information about the major market players operating in the global industrial gas market.

Air Liquide S.A., Air Products and Chemicals Inc., Air Water Incorporation, Airgas Inc., BASF SE, Buzwair Industrial Gases Factories, Linde Group, Messer Group, Praxair Inc., Taiyo Nippon Sanso Corporation, and Yingde Gases Group Company Limited are among the few key manufacturers in the industrial gases market.

Purpose of the Report

The purpose of this strategic research study titled "Industrial Gases Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the industrial gases market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-User Companies
  • Industrial Gas Manufacturers
  • Distributors

Based on product, the industrial gases market is categorized into the following segments:

  • Oxygen
  • Nitrogen
  • Helium
  • Acetylene
  • Argon
  • Hydrogen
  • Carbon Dioxide
  • Other elements (Krypton, Xenon, Methane, Carbon Monoxide, and so on)

By product, industrial gases market segmentation includes oxygen, nitrogen, helium, acetylene, argon, hydrogen, carbon dioxide, and others (krypton, xenon, methane, carbon monoxide, etc.); of which, in 2016, hydrogen gas dominated the market in terms of revenue contribution and is further expected to remain dominant during the forecast period of 2017 to 2025. In 2016, segments accounted for more than 18% of the total market share. Some of the major application areas of these industrial gases are metallurgy and metalworking applications, pharmaceutical and chemical manufacturing, and food and beverage processing.

Oxygen is used to improve reaction rates in the chemical industry. Oxygen enhances the biological activity of microorganisms in the food and beverage industry and the biotechnology industry. In several chemical processes, carbon dioxide is used as a raw material. Hydrogen and methane are used for chemical production and combustion processes. Moreover, nitrogen, helium, carbon dioxide, and argon are used as inert gases in several applications, such as the maintenance of a controlled room environment, welding, and the manufacturing of non-flammable devices.

Based on applications, the industrial gases market is categorized into the following segments:

  • Automotive and Aerospace
  • Chemicals and petrochemicals
  • Energy and Oil & Gas
  • food and beverage industry
  • Medical and Pharmaceuticals
  • Metal Working Industry and Metallurgy
  • Mining
  • Transportation
  • Others

Among considered applications, the metallurgy and metalworking industry segment held the largest market share in 2016, accounting for more than 20% of the total demand for industrial gases, and is expected to maintain its dominance through the forecast period. The growing use of high-quality gas solutions in the aerospace industry and developing pharmaceutical, food, and beverage industries in emerging economies such as China, India, and Brazil are key factors driving growth in the industrial gas market during the forecast period. Some of the other factors fueling the industrial gas market's growth include increasing refinery output, particularly in countries such as China and India. Furthermore, the increasing use of industrial gases in the automotive and aerospace industries is likely to boost demand in the coming years.

On the basis of geographical distribution, the global industrial gases market is segmented into the following regional markets:

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • Rest of the Middle East and Africa

In the base year 2016, Asia Pacific and Europe were the largest regional markets for industrial gases. In Asia Pacific, China and India will serve as potential markets for industrial gases in the next five to six years. Growing consumption of industrial gases in the metallurgy and metal working industry and oil & gas sector, especially in China and India, along with commercialization measures for industrial gases in various end-use industries, is likely to fuel the industrial gases market growth. Also, the market is estimated to lose its share in developed regions to developing regions in the next few years.

Asia-Pacific accounted for the largest share of the global industrial gases market in 2016, with more than 33% market share 2016, and it is also anticipated to witness the highest growth rate during 2017 - 2025.

Frequently Asked Questions:

The market for Industrial Gases Market is expected to reach USD XX billion By 2027.

The Industrial Gases Market is expected to see significant CAGR growth over the coming years, at 5.9%.

The report is forecasted from 2015-2027.

The base year of this report is 2016.

Air Liquide S.A., Air Products and Chemicals Inc., Air Water Incorporation, Airgas Inc., BASF SE, Buzwair Industrial Gases Factories, Linde Group, Messer Group, Praxair Inc., Taiyo Nippon Sanso Corporation, and Yingde Gases Group Company Limited are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Chemicals
Report ID:   58695
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support