Industrial Gases Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Industrial Gases Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Global industrial gases market is on the brink of a significant expansion, a development underpinned by burgeoning infrastructure projects and heightened investment across the Asia Pacific region. A recent report by Fairfield Market Research, titled ""Industrial Gases Market - Global Industry Analysis, Market Size, Trends, Applications, and Forecast, 2024 – 2031,"" casts a spotlight on China and India as pivotal growth markets. This focus is primarily due to their forecasted boom in construction activities and the inception of mega infrastructure projects, positioning them as central figures in the regional market dynamics.

Oxygen: A Catalyst for Market Expansion

Among the spectrum of industrial gases, oxygen emerges as the most sought-after, attributed to its critical role across a multitude of industries. Steel manufacturing and healthcare sectors, in particular, exhibit a high demand for industrial oxygen. In steel production, oxygen is utilized to enhance furnace performance, thereby streamlining the manufacturing process and improving output quality. In the healthcare realm, oxygen finds application in various treatment phases and is an integral component of numerous medical devices, underlying its versatility and indispensability.

The report delineates two principal factors driving the demand for oxygen in the industrial gases market:

1. Escalating Steel Production: The global uptick in steel production heralds promising prospects for industrial gas manufacturers. This scenario beckons these manufacturers to innovate and broaden their product portfolios to cater to the expanding market.

2. Expanding Healthcare Landscape: The surge in global healthcare expenditure, compounded by an aging population and a rising need for respiratory treatments, predicates a robust demand for industrial gases. This trend underscores the critical role of gases like oxygen in supporting healthcare services and infrastructure.

The F&B Industry: A New Frontier for Industrial Gases

Fairfield Market Research identifies the Food and Beverage (F&B) industry as an emergent and rapidly expanding market for industrial gases. The demand in this sector stems from the need to maintain product integrity during transportation and storage, necessitating modified atmospheric conditions. Industrial gases are pivotal in creating these conditions, ensuring product quality and longevity. A notable point of growth within this segment is the rising consumer preference for carbonated beverages, which significantly contributes to the overall market growth.

Market Segmentation: An Analytical Perspective

The Fairfield Market Research study offers a granular segmentation of the industrial gases market, encompassing gas type, application, and region. This segmentation affords a nuanced understanding of the market dynamics and the growth factors pertinent to each category:
• Gas Type: This category encompasses a range of gases utilized across industries, including but not limited to Oxygen, Nitrogen, Helium, Acetylene, Argon, Hydrogen, and Carbon Dioxide. Each gas serves distinct purposes across various applications, highlighting the diverse needs of the industrial sector.
• Application: The application segment illustrates the wide-ranging use of industrial gases across different sectors. These include Metal Manufacturing and Fabrication, Healthcare, Automotive & Aerospace, Electronics, Energy, Oil & Gas, Food & Beverage, Pulp & Paper, Chemicals, Pharmaceutical & Biotechnology, and other industrial applications. The segmentation emphasizes the integral role of industrial gases in enhancing efficiency, safety, and product quality across these industries.
• Region: The regional segmentation provides insights into the geographical distribution of the market, covering North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). This breakdown not only highlights the global reach of the industrial gases market but also points to regional variations in market dynamics, driven by differing industrial needs, regulatory environments, and economic factors.

Competitive Landscape: Consolidation and Strategic Expansion

The report characterizes the global industrial gases market as highly consolidated, with a limited number of major players. Tier-1 players hold a dominant share, accounting for roughly half of the market. These key players are constantly looking to enhance their manufacturing capabilities by expanding existing facilities. Additionally, securing strategic agreements and contracts with end-use industries for a steady supply of industrial gases is a major focus area for market leaders. The report cites the long-term contract signed by Air Liquide with Oman Oil Refineries and Petroleum Industries Company (Orpic) in April 2017 for supplying nitrogen to the Liwa Plastics Industries Complex (LPIC) as an example of such strategic expansion.

Key Players:
• Air Liquide S.A.
• Linde plc
• Air Products and Chemicals, Inc.
• Taiyo Nippon Sanso Corporation
• Messer Group GmbH
• India Glycols Ltd.
• Abdullah Hashim Industrial Gases & Equipment Co. Ltd
• Yateem Oxygen
• Buzwair Industrial Gases Factory
• Dubai Industrial Gases
• Gulf Cryo
• Ellenbarrie Industrial Gases Ltd.
• Bristol Gases – Concorde Corodex Group
• SICGIL INDIA LIMITED
• Bhuruka Gases Ltd.
• National Industrial Gas Plants - Mohammed Hamad Al Mana Group
• The Southern Gas Ltd.
• Tripti Gases Pvt. Ltd.
• Mohsin Haider Darwish LLC

Global Industrial Gases Market is Segmented as Below:

By Gas Type
• Oxygen
• Nitrogen
• Helium
• Acetylene
• Argon
• Hydrogen
• Carbon Dioxide

By Application
• Metal Manufacturing and Fabrication
• Healthcare
• Automotive & Aerospace
• Electronics
• Energy, Oil, & Gas
• Food & Beverage
• Pulp & Paper
• Chemicals
• Pharmaceutical & Biotechnology
• Other Industrial

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

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