Industrial gases are a group of gases that are specifically manufactured for use in a wide range of industries, which include oil & gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, me ....see more
The industrial gas handling equipment market size is estimated to grow from USD 51.93 Billion in 2016 to reach USD 72.22 Billion by 2021, at a CAGR of 6.82%. The segments considered for this report are based on the equipment category, gas type, process, end-use sector of industrial gas handling equipment, and region. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. Factors such as increasing demand for industrial gases for diverse applications in healthcare & medical, metal fabrication, and chemical industries have propelled the growth of the industrial gas handling equipment market.
The liquid nitrogen market size is projected to grow from USD 12.48 Billion in 2015 to USD 16.14 Billion by 2020, at a CAGR of 5.28%. The liquid nitrogen market is growing rapidly in accordance with the growth in the industrial gas market. Liquid nitrogen is used as a cryogen, wherever low temperatures are needed. It is used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and for removing warts, moles, skin tags, verrucae, and some skin cancers. Furthermore, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, to make better intrusion fits.
The global industrial gases for the plastic & rubber industry was valued at USD 4.89 Billion in 2015 to USD 6.31 Billion by 2020, and is projected to grow at a CAGR of 5.24% from 2015 to 2020. The increasing demand in various applications in the food & beverage, healthcare, construction, automobiles, electrical & electronics, and manufacturing sectors is the major factor driving the growth of the industrial gases for the plastic & rubber industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for industrial gases for the plastic & rubber industry. Plastic is the fastest-growing segment in this market.
The industrial gases in metals & metal fabrication market is projected to reach USD 47.06 Billion by 2020, at a CAGR of 6.07% during the forecast period. The segments considered for this report are based on type, function, transportation mode, end-use, and region. On the basis of type, hydrogen accounted for the largest market share in terms of value, whereas oxygen was the most widely used industrial gas in terms of volume, in the metals & metal fabrication industry.
The welding gas/shielding gas is estimated to grow from USD 2.02 Billion in 2015 to reach USD 2.66 Billion by 2020, at an estimated CAGR of 5.70%. The segments considered for this report are based on type, application, end-use industry, storage, distribution & transportation, and region. On the basis of type, argon accounted for the largest market share, in terms of value, and is also projected to witness the highest growth rate. The metal manufacturing & fabrication end-use industry segment accounted for the largest share of the market, in terms of both, volume and value, among all end-use industries.
The market for industrial gases in the glass industry is estimated to grow from USD 2.57 Billion in 2015 to reach USD 3.49 Billion by 2020, at an estimated CAGR of 6.29%. The segments considered for this report are based on type, glass type, function, transportation mode, and region. On the basis of type, hydrogen accounted for the largest market share, in terms of value, while oxygen was the most widely used industrial gas, in terms of volume, in the glass industry. The container glass segment accounted for the largest share of the market, in terms of both, volume and value, among all glass types.
The 3D printing/additive manufacturing gases market size is estimated to grow from USD 26.92 Million in 2015 to USD 45.12 Million by 2020, at a CAGR of 10.88%. The 3D printing/additive manufacturing gases market is growing rapidly in accordance with the growth in the 3D printing/additive manufacturing market globally. The use of its gases such as argon, nitrogen, and gas mixtures are used in the design & manufacturing industry. This application is projected to foster the demand for 3D printing/additive manufacturing gases during the forecast period.
The global high purity gases market was valued at USD 19,741.7 Million in 2014, and is projected to grow at a CAGR of 6.2% from 2015 to 2020. The increasing demand in various applications such as metal production, oil & gas, chemical, electronics, medical & healthcare, and food & beverage are the major factors driving the growth of the high purity gases industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for high purity gases. The noble gases segment is the fastest-growing segment on the basis of product.
The gas mixtures market size is estimated to grow from USD 28.20 Billion in 2015 to USD 36.76 Billion by 2020, at a CAGR of 5.44%. The gas mixtures market is growing rapidly in accordance with the growth in the industrial gas market globally. The use of gas mixtures such as oxygen mixtures, hydrogen mixtures, and carbon dioxide mixtures are used in the metal manufacturing & fabrication industry in order to enhance the arc characteristics or facilitate metal transfer in gas metal arc welding. This application is projected to foster the demand for gas mixtures during the forecast period.
The Rare Gases Market is projected to reach USD 380.9 Million by 2020, at a CAGR of 7.68%, from 2015. Growth in construction, lighting, and laser applications, increasing energy prices, and rapid urbanization has fueled the growth of the rare gases market. The illumination segment held the largest share of the total rare gases market in 2014, especially in emerging markets such as China, Brazil, and India.
The increasing demand in various applications such as metal fabrication, electronics, energy, automotive, lighting, and healthcare is the major factor driving the growth of the argon gas industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for argon gas. The argon gas market is projected to reach USD 362.9 Million by 2020, with a projected CAGR of 4.92% from 2015 to 2020.