Industrial Gases Market

Industrial Gases Market by Type (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Inert Gases), End-use Industry (Chemicals, Electronics, Food & Beverages, Healthcare, Manufacturing, Metallurgy, and Refining), and Region - Global Forecast to 2028

Report Code: MM 8938 Feb, 2024, by marketsandmarkets.com

The industrial gases market is projected to grow from USD 105.6 billion in 2023 to USD 137.9 billion by 2028 at a CAGR of 5.5%. Industrial gases, including nitrogen, hydrogen, and oxygen, are integral in the manufacturing of a wide range of chemicals and fertilizers, playing key roles in processes such as synthesis, purification, and combustion. As global population growth and urbanization fuel the demand for chemicals in various industries, and as agriculture faces the challenge of feeding a growing population, the versatile applications of industrial gases position them as essential contributors to advancing both chemical production and agricultural productivity. This symbiotic relationship underscores the critical role industrial gases play in supporting key sectors that are integral to global economic development and sustainability. The Asia Pacific is the largest market for industrial gases followed by North America, and Europe.

Attractive Opportunities in the Industrial Gases Market

Industrial Gases Market

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Industrial Gases Market

Industrial Gases Market Dynamics

Driver: Growing demand for frozen food

The expanding frozen food market is poised to be a key driver for the industrial gases sector. As consumer preferences shift towards convenient and frozen food options, industrial gases such as nitrogen and carbon dioxide play a pivotal role in the freezing and preservation processes. Nitrogen's cryogenic properties aid in quick-freezing, maintaining the texture and nutritional value of frozen products, while carbon dioxide is widely used in cold storage and transportation. The demand for industrial gases in the growing frozen food industry underscores their critical role in meeting the evolving needs of the food supply chain, emphasizing the importance of these gases in ensuring the quality, safety, and convenience of frozen food products.

Restraint: Strict regulatory compliance

Strict regulatory compliance poses a notable restraint on the industrial gases market, requiring companies to adhere to stringent safety, environmental, and quality standards. Compliance with a complex web of regulations, both at the national and international levels, adds operational challenges and costs for industrial gas manufacturers. Meeting stringent standards often necessitates substantial investments in monitoring systems, safety protocols, and emissions control technologies, impacting overall production expenses.

Opportunities: Growing semiconductor market

The growing semiconductor market presents a significant opportunity for the industrial gases sector. As the demand for advanced electronic devices continues to soar globally, industrial gases such as ultra-high purity gases, nitrogen, and argon play crucial roles in semiconductor manufacturing processes. These gases are essential for processes like chemical vapor deposition, wafer cleaning, and inert gas purging, contributing to the production of high-quality semiconductors. The rapid technological advancements and increasing complexity of semiconductor fabrication further amplify the demand for specialized industrial gases, positioning the industry to capitalize on the growth of the semiconductor market and foster innovation in the electronics sector.

Challenges: Ensuring the safety of employees

Ensuring the safety of employees represents a paramount challenge in the industrial gases sector. The handling, production, and transportation of industrial gases involve inherent risks, including exposure to hazardous materials, high-pressure systems, and cryogenic temperatures. Stringent safety protocols are crucial to mitigate these risks and prevent accidents. Maintaining comprehensive training programs, implementing robust safety measures, and investing in state-of-the-art equipment are imperative to safeguard employees' well-being. The diverse nature of industrial gases applications and the global reach of the industry further compound the challenge, requiring continuous efforts to harmonize and uphold safety standards across different regions.

ECOSYSTEM

Industrial Gases Market Ecosystem

By Type, Oxygen accounted for the highest CAGR during the forecast period.

Oxygen stands out as the fastest-growing type in the industrial gases market due to its indispensable role across various industries, driving heightened demand. Oxygen plays a pivotal role in environmental applications, such as wastewater treatment and environmental remediation. As environmental consciousness rises globally, the demand for oxygen in processes aimed at reducing pollutants and improving water quality is contributing to its status as the fastest-growing type in the industrial gases market. The versatile applications of oxygen across healthcare, industry, and environmental sectors collectively position it as a key driver in the ongoing expansion of the industrial gases market.

By End-use Industry, food and beverages accounted for the highest CAGR during the forecast period.

The growing consumer demand for packaged and processed foods, coupled with the industry's adoption of advanced freezing and chilling technologies, further propels the need for industrial gases. Cryogenic gases like liquid nitrogen are instrumental in quick-freezing food products, preserving their texture and nutritional value. Furthermore, the industry's increasing emphasis on sustainability aligns with the use of industrial gases in modified atmosphere packaging (MAP), reducing the reliance on chemical preservatives and enhancing the overall environmental profile of food products.

Asia Pacific is projected to account for the highest CAGR during the forecast period.

The Asia Pacific region has emerged as the fastest-growing market for industrial gases, driven significantly by the booming semiconductor production within the region. With Asia Pacific serving as a global hub for electronics manufacturing, particularly in countries like China, Taiwan, and South Korea, the demand for industrial gases, including specialty gases crucial for semiconductor fabrication processes, has skyrocketed. The rapid expansion of the semiconductor industry, fueled by technological advancements and the increasing global demand for electronic devices, underscores Asia Pacific's pivotal role in the industrial gases market.

Industrial Gases Market by Region

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Key Market Players

The industrial gases market comprises key players such as Air Liquide (France), Linde plc (England), Air Products & Chemicals, Inc.  (US), Messer SE & Co. KGaA (Germany), and Nippon Sanso Holdings Corp. (Japan) ,  and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the industrial gases market.

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Scope of the Report

:

Report Metric

Details

Years Considered

2021–2028

Base year

2022

Forecast period

2023–2028

Unit considered 

Value (USD Million/Billion)

Segments

Type, End-use Industry, and Region

Regions

North America, Asia Pacific, Europe, South America, and Middle East & Africa

Companies

Air Liquide (France), Linde plc (England), Air Products & Chemicals, Inc.  (US), Messer SE & Co. KGaA (Germany), and Nippon Sanso Holdings Corp. (Japan)  and others.

This research report categorizes the global industrial gases market based on type, end-use industry, and region.

On the basis of Type:
  • Oxygen
  • Nitrogen
  • Hydrogen
  • Carbon Dioxide
  • Acetylene
  • Inert Gases
  • Other Types (ammonia, methane, butane, and propane)
On the basis of the End-use Industry:
  • Chemicals Chemicals
  • Electronics
  • Food and Beverages
  • Healthcare
  • Manufacturing
  • Metallurgy
  • Refining
  • Other End-Use Industries (mining, water & wastewater treatment, and agriculture)
On the basis of Region:
  • North America
  • Asia Pacific
  • Europe
  • South America
  • Middle East & Africa

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In November 2023, Air Liquide has partnered with Groupe ADP, to support the development of hydrogen infrastructure in airports.
  • In March 2023, Air Liquide has announced the construction of an industrial-scale ammonia (NH3) cracking pilot plant, in Belgium.
  • In December 2023, Linde Plc has increased the liquid hydrogen production capacity at its facility in McIntosh, Alabama.
  • In September 2022, Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (a joint venture of Air Products & Chemicals, Inc.) has announced the acquisition of Air Liquide’s Merchant Industrial Gases Business (i.e., Al Khafrah Industrial Gases)..
  • In April 2023, Air Products & Chemicals, Inc.has announced to build own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park, in Malaysia.
  • In March 2023, Messer SE & Co. KGaA has started a new air separation plant in Vratimov, Czech Republic.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
          FIGURE 1 INDUSTRIAL GASES MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 LIMITATIONS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
          FIGURE 2 INDUSTRIAL GASES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                    2.1.2.3 Key industry insights
    2.2 MARKET ESTIMATION PROCESS 
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
    2.3 BASE NUMBER CALCULATION 
           2.3.1 DEMAND-SIDE APPROACH
                    FIGURE 5 APPROACH 1
           2.3.2 SUPPLY-SIDE APPROACH
                    FIGURE 6 APPROACH 2
    2.4 DATA TRIANGULATION 
          FIGURE 7 INDUSTRIAL GASES MARKET: DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
           2.6.1 RECESSION IMPACT
 
3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 OXYGEN TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 9 MANUFACTURING TO BE LARGER END-USE SEGMENT DURING FORECAST PERIOD
    FIGURE 10 ASIA PACIFIC TO BE FASTEST GROWING REGION DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL GASES MARKET 
          FIGURE 11 DEVELOPING COUNTRIES OFFER ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL GASES MARKET
    4.2 ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE & COUNTRY 
          FIGURE 12 CHINA AND OXYGEN ACCOUNTED FOR LARGEST MARKET SHARES IN INDUSTRIAL GASES MARKET IN 2022
    4.3 INDUSTRIAL GASES MARKET, BY TYPE 
          FIGURE 13 OXYGEN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.4 INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY 
          FIGURE 14 MANUFACTURING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.5 INDUSTRIAL GASES MARKET, BY KEY COUNTRY 
          FIGURE 15 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 INDUSTRIAL GASES MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand from electronics industry
                    5.2.1.2 Wide deployment of industrial gases in refrigeration and preservation of frozen foods
                    5.2.1.3 Increasing use of nitrogen and helium for cryopreservation and medical imaging
                                FIGURE 17 PERCENTAGE OF POPULATION AGED 65 YEARS OR ABOVE
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulatory compliance
                    5.2.2.2 Volatile raw material prices
                                FIGURE 18 UNITED STATES NATURAL GAS INDUSTRIAL PRICE (USD PER THOUSAND CUBIC FEET)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing semiconductor market
                    5.2.3.2 Growing interest in hydrogen as a clean energy
                    5.2.3.3 Expansion of industrial activities in emerging market
           5.2.4 CHALLENGES
                    5.2.4.1 Supply chain disruptions
                    5.2.4.2 Maintaining the safety of employees
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
          TABLE 1 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SUPPLY CHAIN ANALYSIS 
    5.5 VALUE CHAIN ANALYSIS 
          FIGURE 20 INDUSTRIAL GASES: VALUE CHAIN ANALYSIS
    5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.7 TARIFF AND REGULATORY LANDSCAPE 
           5.7.1 TARIFF RELATED TO INDUSTRIAL GASES MARKET
                    TABLE 2 AVERAGE TARIFF RATES BY COUNTRY
           5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 3 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 4 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 5 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 CRYOGENIC AIR SEPARATION PROCESS WITH FLASH SEPARATOR
           5.8.2 MEMBRANE SEPARATION
    5.9 ECOSYSTEM MAPPING 
          FIGURE 22 KEY PLAYERS IN INDUSTRIAL GASES MARKET ECOSYSTEM
          TABLE 7 INDUSTRIAL GASES MARKET: ECOSYSTEM MAPPING
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 23 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP END-USE INDUSTRIES
                     TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END-USE INDUSTRIES (%)
           5.10.2 BUYING CRITERIA
                     FIGURE 24 KEY BUYING CRITERIA FOR TOP INDUSTRIAL GASES END-USE INDUSTRIES
                     TABLE 9 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIAL GASES END-USE INDUSTRIES
    5.11 KEY CONFERENCES AND EVENTS IN 2024–2025 
           TABLE 10 KEY CONFERENCES AND EVENTS IN 2024–2025
    5.12 IMPORT AND EXPORT SCENARIO 
           5.12.1 EXPORT SCENARIO
                     FIGURE 25 EXPORTS (HS CODE 2804), BY KEY COUNTRY, 2018-2022 (USD BILLION)
           5.12.2 IMPORT SCENARIO
                     FIGURE 26 IMPORTS (HS CODE 2804), BY KEY COUNTRY, 2018-2022 (USD BILLION)
    5.13 PATENT ANALYSIS 
           FIGURE 27 NUMBER OF PATENTS GRANTED FOR INDUSTRIAL GASES MARKET, 2014–2023
           FIGURE 28 REGIONAL ANALYSIS OF PATENTS GRANTED FOR INDUSTRIAL GASES MARKET, 2014–2023
           TABLE 11 FEW PATENTS IN INDUSTRIAL GASES MARKET, 2022–2023
    5.14 CASE STUDY ANALYSIS 
           5.14.1 ACCURATE AND RELIABLE FLOW MEASUREMENTS OF INDUSTRIAL GASES MARKET
           5.14.2 MODULAR APPROACH TO COMPRESSORS IN NEW AIR SEPARATION PLANT
           5.14.3 EFFICIENT GAS MANAGEMENT DURING WELDING OPERATIONS
    5.15 MACROECONOMIC INDICATORS 
           5.15.1 GLOBAL GDP OUTLOOK
                     TABLE 12 GLOBAL GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)
    5.16 PRICING ANALYSIS 
           5.16.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
                    TABLE 13 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE (USD/UNIT)
           5.16.2 AVERAGE SELLING PRICE TREND, BY REGION
                     FIGURE 29 OXYGEN INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, BY REGION (USD/UNIT)
                     TABLE 14 OXYGEN INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, BY REGION, 2021-2028 (USD/UNIT)
                     FIGURE 30 NITROGEN INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, BY REGION (USD/UNIT)
                     TABLE 15 NITROGEN INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, BY REGION, 2021-2028 (USD/UNIT)
                     FIGURE 31 CARBON DIOXIDE INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, BY REGION (USD/UNIT)
                     TABLE 16 CARBON DIOXIDE INDUSTRIAL GASES MARKET: AVERAGE SELLING PRICE, 2021-2028 (USD/UNIT)
 
6 INDUSTRIAL GASES MARKET, BY TYPE (Page No. - 75)
    6.1 INTRODUCTION 
          FIGURE 32 OXYGEN SEGMENT DOMINATED MARKET IN 2023
          TABLE 17 INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
    6.2 OXYGEN 
           6.2.1 INCREASING USE IN STEEL MILLS TO DRIVE MARKET
                    TABLE 18 OXYGEN: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 NITROGEN 
           6.3.1 WIDE DEPLOYMENT IN HEALTHCARE INDUSTRY TO DRIVE MARKET
                    TABLE 19 NITROGEN: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 CARBON DIOXIDE 
           6.4.1 CONSUMPTION IN SEVERAL END-USE INDUSTRIES TO DRIVE MARKET
                    TABLE 20 CARBON DIOXIDE: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.5 HYDROGEN 
           6.5.1 WIDELY USED IN FOOD & BEVERAGES INDUSTRY TO DRIVE MARKET
                    TABLE 21 HYDROGEN: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.6 ACETYLENE 
           6.6.1 INCREASING DEMAND FROM REFINING AND CHEMICAL INDUSTRY TO DRIVE MARKET
                    TABLE 22 ACETYLENE: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.7 INERT GASES 
           6.7.1 INCREASING USE IN VARIOUS END-USE INDUSTRIES TO DRIVE MARKET
                    TABLE 23 INERT GASES: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.8 OTHER TYPES 
          TABLE 24 OTHER TYPES: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY (Page No. - 83)
    7.1 INTRODUCTION 
          FIGURE 33 MANUFACTURING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 25 INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    7.2 CHEMICALS 
           7.2.1 INCREASING USE OF ESSENTIAL GASES IN DIVERSE APPLICATIONS TO DRIVE MARKET
                    TABLE 26 CHEMICALS: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 ELECTRONICS 
           7.3.1 INCREASING DEMAND FOR SEMICONDUCTORS TO DRIVE MARKET
                    TABLE 27 ELECTRONICS: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.4 FOOD & BEVERAGES 
           7.4.1 GROWING CONSUMPTION OF NITROGEN AND CARBON DIOXIDE IN FOOD STORAGE TO DRIVE MARKET
                    TABLE 28 FOOD & BEVERAGES: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.5 HEALTHCARE 
           7.5.1 RISING DEMAND FOR ADVANCED AND SANITIZED SYSTEMS TO DRIVE MARKET
                    TABLE 29 HEALTHCARE: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.6 MANUFACTURING 
           7.6.1 INCREASING DEMAND FROM SEVERAL END-USE INDUSTRIES TO DRIVE MARKET
                    TABLE 30 MANUFACTURING: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.7 METALLURGY 
           7.7.1 RAPIDLY GROWING DEMAND FOR STAINLESS STEEL AND OTHER METALS TO DRIVE MARKET
                    TABLE 31 METALLURGY: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.8 REFINING 
           7.8.1 EXTENSIVE USE IN BLANKETING, PURGING, AND COMBUSTION APPLICATIONS TO DRIVE MARKET
                    TABLE 32 REFINING: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.9 OTHER END-USE INDUSTRIES 
          TABLE 33 OTHER END-USE INDUSTRIES: INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
 
8 INDUSTRIAL GASES MARKET, BY REGION (Page No. - 92)
    8.1 INTRODUCTION 
          FIGURE 34 RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOTSPOTS
          TABLE 34 INDUSTRIAL GASES MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.2 NORTH AMERICA 
    8.3 RECESSION IMPACT 
          FIGURE 35 NORTH AMERICA: INDUSTRIAL GASES MARKET SNAPSHOT
          TABLE 35 NORTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
          TABLE 36 NORTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 37 NORTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.1 US
                    8.3.1.1 Increasing investment activities to drive market
                                TABLE 38 US: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 39 US: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.2 CANADA
                    8.3.2.1 Growth of food & beverage industries to drive market
                                TABLE 40 CANADA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 41 CANADA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.3 MEXICO
                    8.3.3.1 Investments and expansions in automotive industry to drive market
                                TABLE 42 MEXICO: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 43 MEXICO: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.4 EUROPE 
           8.4.1 RECESSION IMPACT
                    TABLE 44 EUROPE: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 45 EUROPE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 46 EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.2 GERMANY
                    8.4.2.1 Growth of electronics industry to drive market
                                TABLE 47 GERMANY: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 48 GERMANY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.3 UK
                    8.4.3.1 Growth of food industry to drive market
                                TABLE 49 UK: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 50 UK: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.4 FRANCE
                    8.4.4.1 Growth of wine and aerospace industry to drive market
                                TABLE 51 FRANCE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 52 FRANCE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.5 ITALY
                    8.4.5.1 Robust presence of life sciences industry to drive market
                                TABLE 53 ITALY: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 54 ITALY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.6 REST OF EUROPE
                    TABLE 55 REST OF EUROPE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 56 REST OF EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.5 ASIA PACIFIC 
           8.5.1 RECESSION IMPACT
                    FIGURE 36 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 57 ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 58 ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 59 ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.2 CHINA
                    8.5.2.1 Rising aging population and rapid economic development to drive market
                                TABLE 60 CHINA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 61 CHINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.3 INDIA
                    8.5.3.1 Government initiatives, rising middle-class population, and rapid urbanization to drive market
                                TABLE 62 INDIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 63 INDIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.4 JAPAN
                    8.5.4.1 Growing automotive and semiconductor industry to drive market
                                TABLE 64 JAPAN: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 65 JAPAN: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.5 SOUTH KOREA
                    8.5.5.1 Growing electric vehicle market and government initiatives to drive market
                                TABLE 66 SOUTH KOREA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 67 SOUTH KOREA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.6 AUSTRALIA
                    8.5.6.1 Growing mining industry to drive market
                                TABLE 68 AUSTRALIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 69 AUSTRALIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.7 REST OF ASIA PACIFIC
                    TABLE 70 REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 71 REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.6 SOUTH AMERICA 
           8.6.1 RECESSION IMPACT
                    TABLE 72 SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 73 SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 74 SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.6.2 BRAZIL
                    8.6.2.1 Growing food and agricultural products market to drive market
                                TABLE 75 BRAZIL: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 76 BRAZIL: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.6.3 ARGENTINA
                    8.6.3.1 Favorable regulatory framework and pro-investment policies to drive market
                                TABLE 77 ARGENTINA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 78 ARGENTINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.6.4 REST OF SOUTH AMERICA
                    TABLE 79 REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 80 REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.7 MIDDLE EAST & AFRICA 
           8.7.1 RECESSION IMPACT
                    TABLE 81 MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 82 MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 83 MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.2 GCC COUNTRIES
                    8.7.2.1 Growing demand for electric vehicles to drive market
                                TABLE 84 GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 85 GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.3 UAE
                    8.7.3.1 Growing adoption of electric vehicles (EVs) and government initiatives to drive market
                                TABLE 86 UAE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 87 UAE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.4 SAUDI ARABIA
                    8.7.4.1 Government initiatives to drive the market
                                TABLE 88 SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 89 SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.5 REST OF GCC
                    TABLE 90 REST OF GCC: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 91 REST OF GCC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.6 SOUTH AFRICA
                    8.7.6.1 Growing electric vehicle industry to drive market
                                TABLE 92 SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 93 SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.7.7 REST OF MIDDLE EAST & AFRICA
                    TABLE 94 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 95 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
 
9 COMPETITIVE LANDSCAPE (Page No. - 135)
    9.1 OVERVIEW 
    9.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS 
    9.3 MARKET SHARE ANALYSIS 
          FIGURE 37 INDUSTRIAL GASES MARKET: MARKET SHARE ANALYSIS
          TABLE 96 INDUSTRIAL GASES MARKET: DEGREE OF COMPETITION
    9.4 REVENUE ANALYSIS 
          FIGURE 38 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS
    9.5 COMPANY EVALUATION MATRIX 
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
           9.5.3 PERVASIVE PLAYERS
           9.5.4 PARTICIPANTS
          FIGURE 39 INDUSTRIAL GASES MARKET COMPANY EVALUATION MATRIX, 2022
    9.6 COMPANY FOOTPRINT 
          FIGURE 40 INDUSTRIAL GASES MARKET: PRODUCT FOOTPRINT (27 COMPANIES)
          TABLE 97 INDUSTRIAL GASES MARKET: PRODUCT FOOTPRINT (27 COMPANIES)
          TABLE 98 INDUSTRIAL GASES MARKET: REGIONAL FOOTPRINT (27 COMPANIES)
          TABLE 99 INDUSTRIAL GASES MARKET: COMPANY FOOTPRINT (27 COMPANIES)
    9.7 START-UP/SME EVALUATION MATRIX, 2022 
           9.7.1 PROGRESSIVE COMPANIES
           9.7.2 RESPONSIVE COMPANIES
           9.7.3 DYNAMIC COMPANIES
           9.7.4 STARTING BLOCKS
                    FIGURE 41 INDUSTRIAL GASES MARKET START-UP/SME EVALUATION MATRIX, 2022
    9.8 COMPETITIVE BENCHMARKING 
          TABLE 100 INDUSTRIAL GASES MARKET: DETAILED LIST OF KEY START-UPS/SMES
          TABLE 101 INDUSTRIAL GASES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
    9.9 COMPETITIVE SCENARIO AND TRENDS 
           9.9.1 DEALS
                    TABLE 102 INDUSTRIAL GASES MARKET: DEALS, 2019–2023
 
10 COMPANY PROFILES (Page No. - 151)
     10.1 KEY PLAYERS 
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
             10.1.1 AIR LIQUIDE
                        TABLE 103 AIR LIQUIDE: COMPANY OVERVIEW
                        FIGURE 42 AIR LIQUIDE: COMPANY SNAPSHOT
                        TABLE 104 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 105 AIR LIQUIDE: DEALS
                        TABLE 106 AIR LIQUIDE: OTHER DEVELOPMENTS
             10.1.2 LINDE PLC
                        TABLE 107 LINDE PLC: COMPANY OVERVIEW
                        FIGURE 43 LINDE PLC: COMPANY SNAPSHOT
                        TABLE 108 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 109 LINDE PLC: DEALS
                        TABLE 110 LINDE PLC: OTHER DEVELOPMENTS
             10.1.3 AIR PRODUCTS AND CHEMICALS, INC.
                        TABLE 111 AIR PRODUCTS & CHEMICALS, INC.: COMPANY OVERVIEW
                        FIGURE 44 AIR PRODUCTS & CHEMICALS, INC.: COMPANY SNAPSHOT
                        TABLE 112 AIR PRODUCTS & CHEMICALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 113 AIR PRODUCTS & CHEMICALS, INC.: DEALS
                        TABLE 114 AIR PRODUCTS & CHEMICALS, INC.: OTHER DEVELOPMENTS
             10.1.4 MESSER SE & CO. KGAA
                        TABLE 115 MESSER SE & CO. KGAA: COMPANY OVERVIEW
                        FIGURE 45 MESSER SE & CO. KGAA: COMPANY SNAPSHOT
                        TABLE 116 MESSER SE & CO. KGAA.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 117 MESSER SE & CO. KGAA: DEALS
                        TABLE 118 MESSER SE & CO. KGAA: OTHER DEVELOPMENTS
             10.1.5 NIPPON SANSO HOLDINGS CORPORATION
                        TABLE 119 NIPPON SANSO HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 NIPPON SANSO HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 120 NIPPON SANSO HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 121 NIPPON SANSO HOLDINGS CORPORATION: DEALS
                        TABLE 122 NIPPON SANSO HOLDINGS CORPORATION: OTHER DEVELOPMENTS
             10.1.6 BASF SE
                        TABLE 123 BASF SE: COMPANY OVERVIEW
                        FIGURE 47 BASF SE: COMPANY SNAPSHOT
                        TABLE 124 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.7 ASIA TECHNICAL GAS CO PTE LTD.
                        TABLE 125 ASIA TECHNICAL GAS CO PTE LTD.: COMPANY OVERVIEW
                        TABLE 126 ASIA TECHNICAL GAS CO PTE LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.8 BHURUKA GASES LIMITED
                        TABLE 127 BHURUKA GASES LIMITED: COMPANY OVERVIEW
                        TABLE 128 BHURUKA GASES LIMITED.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.9 ELLENBARRIE INDUSTRIAL GASES
                        TABLE 129 ELLENBARRIE INDUSTRIAL GASES: COMPANY OVERVIEW
                        TABLE 130 ELLENBARRIE INDUSTRIAL GASES.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 131 ELLENBARRIE INDUSTRIAL GASES: DEALS
             10.1.10 GRUPPO SIAD
                        TABLE 132 GRUPPO SIAD: COMPANY OVERVIEW
                        TABLE 133 GRUPPO SIAD: OTHER DEVELOPMENTS
             10.1.11 IWATANI CORPORATION
                        TABLE 134 IWATANI CORPORATION: COMPANY OVERVIEW
                        FIGURE 48 IWATANI CORPORATION: COMPANY SNAPSHOT
                        TABLE 135 IWATANI CORPORATION.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 136 IWATANI CORPORATION: DEALS
                        TABLE 137 IWATANI CORPORATION: OTHER DEVELOPMENTS
             10.1.12 AIR WATER INC.
                        TABLE 138 AIR WATER INC.: COMPANY OVERVIEW
                        FIGURE 49 AIR WATER INC.: COMPANY SNAPSHOT
                        TABLE 139 AIR WATER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 140 AIR WATER INC.: DEALS
                        TABLE 141 AIR WATER INC.: OTHER DEVELOPMENTS
     10.2 OTHER PLAYERS 
             10.2.1 SOL GROUP
                        TABLE 142 SOL GROUP: COMPANY OVERVIEW
             10.2.2 SAPIO GROUP
                        TABLE 143 SAPIO GROUP: COMPANY OVERVIEW
             10.2.3 SOUTHERN GAS LIMITED
                        TABLE 144 SOUTHERN GAS LIMITED: COMPANY OVERVIEW
             10.2.4 ALCHEMIE GASES & CHEMICALS PVT. LTD.
                        TABLE 145 ALCHEMIE GASES & CHEMICALS PVT. LTD.: COMPANY OVERVIEW
             10.2.5 GULF CRYO
                        TABLE 146 GULF CRYO: COMPANY OVERVIEW
             10.2.6 GOYAL MG GASES PVT.LTD
                        TABLE 147 GOYAL MG GASES PVT.LTD: COMPANY OVERVIEW
             10.2.7 BUZWAIR INDUSTRIAL GASES FACTORIES
                        TABLE 148 BUZWAIR INDUSTRIAL GASES FACTORIES: COMPANY OVERVIEW
             10.2.8 YINGDE GASES
                        TABLE 149 YINGDE GASES: COMPANY OVERVIEW
             10.2.9 CONCORDE-CORODEX GROUP
                        TABLE 150 CONCORDE-CORODEX GROUP: COMPANY OVERVIEW
             10.2.10 HOLSTON GASES
                        TABLE 151 HOLSTON GASES: COMPANY OVERVIEW
             10.2.11 AMERICAN WELDING & GAS
                        TABLE 152 AMERICAN WELDING & GAS: COMPANY OVERVIEW
             10.2.12 AXCEL GASES
                        TABLE 153 AXCEL GASES: COMPANY OVERVIEW
             10.2.13 PT SAMATOR INDO GAS TBK
                        TABLE 154 PT SAMATOR INDO GAS TBK: COMPANY OVERVIEW
             10.2.14 INOX-AIR PRODUCTS INC.
                        TABLE 155 INOX-AIR PRODUCTS INC.: COMPANY OVERVIEW
             10.2.15 STEELMAN GASES PVT. LTD.
                        TABLE 156 TABLE 49 STEELMAN GASES PVT. LTD.: COMPANY OVERVIEW
 
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
11 ADJACENT MARKET (Page No. - 204)
     11.1 INTRODUCTION 
     11.2 INDUSTRIAL NITROGEN MARKET 
             TABLE 157 INDUSTRIAL NITROGEN MARKET, BY REGION, 2015–2022 (USD BILLION)
             TABLE 158 INDUSTRIAL NITROGEN MARKET, BY REGION, 2015–2022 (BILLION CUBIC FEET)
 
12 APPENDIX (Page No. - 206)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource have been used to identify and collect information for this technical, market-oriented, and commercial study of the industrial gases market. In-depth interviews were conducted with various primary respondents, which included key industry participants, subject matter experts (SMEs), C-level executives of key industry players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; publications from recognized websites; and databases. Secondary research has mainly been used to obtain key information about the supply chain of the industry, the total pool of key players, market classification & segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

The market size of industrial gases has been estimated based on secondary data available through paid and unpaid sources and by analyzing the product portfolios of key companies. This data has been further validated through various primary sources.

Primary Research

The industrial gases market comprises various stakeholders in the supply chain and includes suppliers, manufacturers, and end-users. Various primary sources from the supply and demand sides of the industrial gases market have been interviewed to obtain qualitative and quantitative information. Primary participants from the supply side include key opinion leaders, executives, vice presidents, and CEOs of companies in the market. Primary sources from the demand side include experts from end-use industries, associations and institutions involved in the market, and key opinion leaders.

Following is the breakdown of primary respondents

Industrial Gases Market Size, and Share

Notes: *Others include sales, marketing, and product managers.

Tier 1: >USD 5 Billion; Tier 2: USD 1 Billion– USD 5 Billion; and Tier 3: <USD 1 Billion.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the global industrial gases market. These approaches were also used extensively to estimate the size of various dependent sub-segments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders such as directors and marketing executives.

Top-Down Approach

Industrial Gases Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Bottom-Up Approach

Industrial Gases Market Size, and Share

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. Where applicable, the data triangulation procedure has been employed to complete the market estimation process and arrive at the exact statistics for all segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market size has been validated using both the top-down and bottom-up approaches.

Market Definition

Industrial gases are specifically produced for use for various industrial purposes. Different industrial gases, including nitrogen, oxygen, carbon dioxide, hydrogen, acetylene, inert gases, and others, are present in a gaseous state at room temperature. These gases tend to have low molecular weight and distinct properties. They can be used as pure gases, compounds, or mixtures in various industries, including chemicals, electronics, food and beverages, healthcare, manufacturing, metallurgy, refining, etc.

Key stakeholders

  • Industrial gases equipment suppliers
  • Commercial R&D institutes
  • Industrial gases distributors and suppliers
  • Regulatory bodies
  • Industry associations, and research institutes
  • Local Governments
  • End users (chemicals, healthcare, electronics, etc.)

Report Objectives

  • To describe and forecast the global Industrial gases market in terms of value.
  • To provide detailed information about significant drivers, restraints, opportunities, and challenges influencing market growth
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the market segmentation and forecast the market size based on the type, end-use, and region.
  • To forecast the market size in terms of value  with respect to main regions, Asia Pacific, North America, Europe, Middle East & Africa, and South America, along with their key countries
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape.
  • To strategically profile key players and comprehensively analyze their core competencies2
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, contracts, agreements, and research & development (R&D) activities in the global Industrial gases market.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of the Asia Pacific, industrial gases market
  • Further breakdown of the Rest of Europe, industrial gases market
  • Further breakdown of the Rest of South America, industrial gases market
  • Further breakdown of the Rest of Middle East & Africa, industrial gases market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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