Industrial Gases Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	280 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224191

Best Price Guarantee
Price	from $4,850
Length	280 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224191

Industrial Gases Market

Growth Factors of Industrial Gases Market

The industrial gases market size was valued at USD 99.97 billion in 2023, and the market is now projected to grow from USD 105.82 billion in 2024 to USD 255.51 billion by 2032, exhibiting a CAGR of 11.65% during the forecast period of 2024-2032.

Disruptions in the industrial gases market growth were seen as the COVID-19 pandemic forced many businesses to postpone or down-scale their operations restrictions in activities, affecting the whole market and affecting investment in gases in the year 2020. The outbreak also considerably impacted crude oil demand pulling down prices to lower rates. Challenges affected functionality and performance within industries and firms. Recovery has not advances much because of volatility that is still observed in the current markets.

An increase in the consumption of industrial gases from the food & beverages industries along with healthcare industries is contributing towards the industrial gases market share. Europe is a significant food producer and exporter, particularly Germany where the food processing exports amounted to USD 84.31 billion in 2018. This is set to rise in future thus raising the demand for gas in the industry. Another sector with rapid growth is the digital health provision. Healthcare services are rapidly developing and they recorded revenue of USD 6.5 billion in 2017. This amount represents a 109% change from the previous year.

However, the increase in global demand for crude oil and refining is leading to increased industrial gas usage within the oil & gas sector. These gases are used for processes such as drilling, well lifting, pipe inerting and subsea among others. They are also used in the implementation, maintenance, firefighting and analysis of gases. Increasing industrial growth due to the oil & gas industry will lead to higher demand for industrial gases which in turn will drive the market.

Comprehensive Analysis of Industrial Gases Market

The industrial gases market and power & energy industry are growing rapidly at an exponential rate because of their market segmentation. It thus serves to offer fundamental regional analyses based on the supply-demand dynamics affecting the oil & gas business. These segmentations are systematically divided by gas type, by applications and by end-users. The gas types include, Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon and Others. The applications include, Packaging, Coolant, Carbonation, Cryogenic, Cutting & Welding, Laboratory, Air Separation and Others. The end-users include, Metallurgy, Healthcare, Chemical, Food and Beverages, Oil & Gas, Power, Pulp and Paper, Electronics, Water Treatment, Mining and Others.

The global market is expected to undergo growth in the Asia Pacific due to the rising urban population as well as the industrialization process that has made gases useful in the end-user industries including metallurgical, health, food processing, oil & gas, and power sectors. Some of the prospective investing areas include sustainable energy development which potential countries include China, India, Japan and Indonesia, among others. Several companies are also investing in these countries because these countries possess an extensive consumer base.

The top market players have a critical role in the power & energy industry to give confidence to industrial prospectus growth and maintain market standards. These players include, Air Liquide (France), Air Products (United States), Linde (Ireland), Matheson Tri-Gas (United States), Messer Group (Germany), Gulf Cryo (Kuwait), BASF (United States), Southern Company Gas (United States), Universal Industrial Gases (United States), Ellenbarrie Industrial Gases Ltd (India), Bhuruka Gases Ltd (India), Concorde-Corodex Group (UAE), Dubai Industrial Gases (UAE), and Bristol Gases (UAE). These market players ensure that there is a competitive environment.

In January 2024, Linde announced the establishment of a new 1,000-ton/day ASU at the Rourkela steel plant of SAIL located in Odisha, India, which will more than double its current capacity. The financial backing of about USD 60 million will be used to provide oxygen, nitrogen and argon through the plant air network as the expansion of SAIL's steel mill will require increased capacities for these gases. It is planned to have the energy-efficient ASU running by 2026. It will also function for Linde's local commercial customers in the area. This small capacity is the first of many steps Linde has taken in the direction of offering a reliable source of industrial gases in the eastern Indian market.

Segmentation Table

Global Industrial Gases Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 11.65% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Gas Type, Application, End user and Region

By Gas Type

Oxygen

Nitrogen
Carbon Dioxide
Hydrogen
Argon
Others

By Application

Packaging

Coolant
Carbonation
Cryogenic
Cutting & Welding
Laboratory
Air Separation
Others

By End user

Metallurgy

Healthcare
Chemical
Food and beverage
Oil & Gas
Power
Pulp and Paper
Electronics
Water Treatment
Mining
Others

By Region

North America

By Gas Type
By Application
By End-User
By Country
U.S.
Canada
Europe
By Gas Type
By Application
By End-User
By Country
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Gas Type
By Application
By End-User
By Country
China
Japan
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America
By Gas Type
By Application
By End-User
By Country
Brazil
Mexico
Rest of Latin America
The Middle East and Africa
By Gas Type
By Application
By End-User
By Country
GCC
South Africa
Rest of Middle East and Africa

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Latest Technological Advancement; 4.3. Regulatory Landscape; 4.4. Industry SWOT Analysis; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Industrial Gases Market
5. Global Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Gas Type; 5.2.1. Oxygen; 5.2.2. Nitrogen; 5.2.3. Carbon Dioxide; 5.2.4. Hydrogen; 5.2.5. Argon; 5.2.6. Others; 5.3. Market Analysis, Insights and Forecast – By Application; 5.3.1. Packaging; 5.3.2. Coolant; 5.3.3. Carbonation; 5.3.4. Cryogenic; 5.3.5. Air Separation; 5.3.6. Cutting & Welding; 5.3.7. Laboratory; 5.3.8. Others; 5.4. Market Analysis, Insights and Forecast – By End-User; 5.4.1. Metallurgy; 5.4.2. Healthcare; 5.4.3. Chemical; 5.4.4. Food & Beverage; 5.4.5. Oil & Gas; 5.4.6. Power; 5.4.7. Pulp and Paper; 5.4.8. Electronics; 5.4.9. Water Treatment; 5.4.10. Mining; 5.4.11. Others; 5.5. Market Analysis, Insights and Forecast – By Region; 5.5.1. North America; 5.5.2. Latin America; 5.5.3. Europe; 5.5.4. Asia Pacific; 5.5.5. Middle East and Africa
6. North America Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Gas Type; 6.2.1. Oxygen; 6.2.2. Nitrogen; 6.2.3. Carbon Dioxide; 6.2.4. Hydrogen; 6.2.5. Argon; 6.2.6. Others; 6.3. Market Analysis, Insights and Forecast – By Application; 6.3.1. Packaging; 6.3.2. Coolant; 6.3.3. Carbonation; 6.3.4. Cryogenic; 6.3.5. Air Separation; 6.3.6. Cutting & Welding; 6.3.7. Laboratory; 6.3.8. Others; 6.4. Market Analysis, Insights and Forecast – By End-User; 6.4.1. Metallurgy; 6.4.2. Healthcare; 6.4.3. Chemical; 6.4.4. Food & Beverage; 6.4.5. Oil & Gas; 6.4.6. Power; 6.4.7. Pulp and Paper; 6.4.8. Electronics; 6.4.9. Water Treatment; 6.4.10. Mining; 6.4.11. Others; 6.5. Market Analysis, Insights and Forecast – By Country; 6.5.1. U.S.; 6.5.2. Canada
7. Latin America Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Gas Type; 7.2.1. Oxygen; 7.2.2. Nitrogen; 7.2.3. Carbon Dioxide; 7.2.4. Hydrogen; 7.2.5. Argon; 7.2.6. Others; 7.3. Market Analysis, Insights and Forecast – By Application; 7.3.1. Packaging; 7.3.2. Coolant; 7.3.3. Carbonation; 7.3.4. Cryogenic; 7.3.5. Air Separation; 7.3.6. Cutting & Welding; 7.3.7. Laboratory; 7.3.8. Others; 7.4. Market Analysis, Insights and Forecast – By End-User; 7.4.1. Metallurgy; 7.4.2. Healthcare; 7.4.3. Chemical; 7.4.4. Food & Beverage; 7.4.5. Oil & Gas; 7.4.6. Power; 7.4.7. Pulp and Paper; 7.4.8. Electronics; 7.4.9. Water Treatment; 7.4.10. Mining; 7.4.11. Others; 7.5. Market Analysis, Insights and Forecast – By Country; 7.5.1. Brazil; 7.5.2. Mexico; 7.5.3. Rest of Latin America
8. Europe Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Gas Type; 8.2.1. Oxygen; 8.2.2. Nitrogen; 8.2.3. Carbon Dioxide; 8.2.4. Hydrogen; 8.2.5. Argon; 8.2.6. Others; 8.3. Market Analysis, Insights and Forecast – By Application; 8.3.1. Packaging; 8.3.2. Coolant; 8.3.3. Carbonation; 8.3.4. Cryogenic; 8.3.5. Air Separation; 8.3.6. Cutting & Welding; 8.3.7. Laboratory; 8.3.8. Others; 8.4. Market Analysis, Insights and Forecast – By End-User; 8.4.1. Metallurgy; 8.4.2. Healthcare; 8.4.3. Chemical; 8.4.4. Food & Beverage; 8.4.5. Oil & Gas; 8.4.6. Power; 8.4.7. Pulp and Paper; 8.4.8. Electronics; 8.4.9. Water Treatment; 8.4.10. Mining; 8.4.11. Others; 8.5. Market Analysis, Insights and Forecast – By Country; 8.5.1. UK; 8.5.2. Germany; 8.5.3. France; 8.5.4. Italy; 8.5.5. Spain; 8.5.6. Russia; 8.5.7. Rest of Europe
9. Asia Pacific Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Gas Type; 9.2.1. Oxygen; 9.2.2. Nitrogen; 9.2.3. Carbon Dioxide; 9.2.4. Hydrogen; 9.2.5. Argon; 9.2.6. Others; 9.3. Market Analysis, Insights and Forecast – By Application; 9.3.1. Packaging; 9.3.2. Coolant; 9.3.3. Carbonation; 9.3.4. Cryogenic; 9.3.5. Air Separation; 9.3.6. Cutting & Welding; 9.3.7. Laboratory; 9.3.8. Others; 9.4. Market Analysis, Insights and Forecast – By End-User; 9.4.1. Metallurgy; 9.4.2. Healthcare; 9.4.3. Chemical; 9.4.4. Food & Beverage; 9.4.5. Oil & Gas; 9.4.6. Power; 9.4.7. Pulp and Paper; 9.4.8. Electronics; 9.4.9. Water Treatment; 9.4.10. Mining; 9.4.11. Others; 9.5. Market Analysis, Insights and Forecast – By Country; 9.5.1. China; 9.5.2. India; 9.5.3. Japan; 9.5.4. Australia; 9.5.5. South East Asia; 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Industrial Gases Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Analysis, Insights and Forecast – By Gas Type; 10.2.1. Oxygen; 10.2.2. Nitrogen; 10.2.3. Carbon Dioxide; 10.2.4. Hydrogen; 10.2.5. Argon; 10.2.6. Others; 10.3. Market Analysis, Insights and Forecast – By Application; 10.3.1. Packaging; 10.3.2. Coolant; 10.3.3. Carbonation; 10.3.4. Cryogenic; 10.3.5. Air Separation; 10.3.6. Cutting & Welding; 10.3.7. Laboratory; 10.3.8. Others; 10.4. Market Analysis, Insights and Forecast – By End-User; 10.4.1. Metallurgy; 10.4.2. Healthcare; 10.4.3. Chemical; 10.4.4. Food & Beverage; 10.4.5. Oil & Gas; 10.4.6. Power; 10.4.7. Pulp and Paper; 10.4.8. Electronics; 10.4.9. Water Treatment; 10.4.10. Mining; 10.4.11. Others; 10.5. Market Analysis, Insights and Forecast – By Country; 10.5.1. GCC; 10.5.2. South Africa; 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis: 11.1. Company Market Share Analysis, 2023; 11.2. Company Profile; 11.2.1. Air Liquide; 11.2.1.1. Business Overview; 11.2.1.2. Product & Service Offering; 11.2.1.3. Overall Revenue; 11.2.1.4. Geographic Presence; 11.2.1.5. Recent Development; 11.2.2. Air Products; 11.2.2.1. Business Overview; 11.2.2.2. Product & Service Offering; 11.2.2.3. Overall Revenue; 11.2.2.4. Geographic Presence; 11.2.2.5. Recent Development; 11.2.3. Linde; 11.2.3.1. Business Overview; 11.2.3.2. Product & Service Offering; 11.2.3.3. Overall Revenue; 11.2.3.4. Geographic Presence; 11.2.3.5. Recent Development; 11.2.4. Matheson Tri-Gas; 11.2.4.1. Business Overview; 11.2.4.2. Product & Service Offering; 11.2.4.3. Overall Revenue; 11.2.4.4. Geographic Presence; 11.2.4.5. Recent Development; 11.2.5. Messer Group; 11.2.5.1. Business Overview; 11.2.5.2. Product & Service Offering; 11.2.5.3. Overall Revenue; 11.2.5.4. Geographic Presence; 11.2.5.5. Recent Development; 11.2.6. Gulf Cryo; 11.2.6.1. Business Overview; 11.2.6.2. Product & Service Offering; 11.2.6.3. Overall Revenue; 11.2.6.4. Geographic Presence; 11.2.6.5. Recent Development; 11.2.7. BASF; 11.2.7.1. Business Overview; 11.2.7.2. Product & Service Offering; 11.2.7.3. Overall Revenue; 11.2.7.4. Geographic Presence; 11.2.7.5. Recent Development; 11.2.8. Southern Company Gas; 11.2.8.1. Business Overview; 11.2.8.2. Product & Service Offering; 11.2.8.3. Overall Revenue; 11.2.8.4. Geographic Presence; 11.2.8.5. Recent Development; 11.2.9. Universal Industrial Gases; 11.2.9.1. Business Overview; 11.2.9.2. Product & Service Offering; 11.2.9.3. Overall Revenue; 11.2.9.4. Geographic Presence; 11.2.9.5. Recent Development; 11.2.10. Ellenbarrie Industrial Gases Ltd; 11.2.10.1. Business Overview; 11.2.10.2. Product & Service Offering; 11.2.10.3. Overall Revenue; 11.2.10.4. Geographic Presence; 11.2.10.5. Recent Development; 11.2.11. Bhuruka gases ltd; 11.2.11.1. Business Overview; 11.2.11.2. Product & Service Offering; 11.2.11.3. Overall Revenue; 11.2.11.4. Geographic Presence; 11.2.11.5. Recent Development; 11.2.12. Concorde-Corodex Group; 11.2.12.1. Business Overview; 11.2.12.2. Product & Service Offering; 11.2.12.3. Overall Revenue; 11.2.12.4. Geographic Presence; 11.2.12.5. Recent Development; 11.2.13. Dubai Industrial Gases; 11.2.13.1. Business Overview; 11.2.13.2. Product & Service Offering; 11.2.13.3. Overall Revenue; 11.2.13.4. Geographic Presence; 11.2.13.5. Recent Development; 11.2.14. Bristol Gases; 11.2.14.1. Business Overview; 11.2.14.2. Product & Service Offering; 11.2.14.3. Overall Revenue; 11.2.14.4. Geographic Presence; 11.2.14.5. Recent Development