Global Gas Mixture Market 2023-2030

Global Gas Mixture Market 2023-2030

Global Gas Mixture Market Size, Share & Trends Analysis Report by Mixture (Oxygen mixtures Nitrogen mixtures Carbon dioxide mixtures Argon mixtures Hydrogen mixtures Specialty gas mixtures, and Other mixtures), by End-Use Industry (Metal manufacturing & fabrication, Chemicals, Medical & healthcare, Electronics, Food & beverage, and Others), by Storage, Distribution, and Transportation (Cylinder & Packaged Distribution, Merchant Liquid Distribution, Tonnage Distribution), and by Manufacturing Process (Air Separation, Production Technology, and Others) Forecast Period (2023-2030)

The global gas mixture is anticipated to grow at a substantial CAGR of 5.9% during the forecast period. The factors such as the growing industrialization, advancement of technologies, rapid expansion medical facilities are some key factors driving the market growth. Further, the transition of economies towards green and renewable energy sources is causing high demand of semiconductors globally which in turn is driving the gas mixture market. However, regulatory rules and regulations are expected to be the strongest restraints for the industry. Moreover, the high cost of gas processing and supply disruption due to geopolitical conflicts is major restraints for the global gas mixture market.

Segmental Outlook

The global gas mixture market is segmented based on the mixture, end-use industry, storage, distribution, and transportation, and manufacturing process. Based on the mixture, the market is segmented into oxygen mixtures nitrogen mixtures carbon dioxide mixtures argon mixtures hydrogen mixtures specialty gas mixtures and other mixtures (rare gas mixtures). Based on the end-use, the market is sub-segmented into metal manufacturing & fabrication, chemicals, medical & healthcare, electronics, food & beverage, others (glass, energy, and oil & gas).Based on storage, distribution, and transportation, the market is sub-segmented into cylinder & packaged distribution, merchant liquid distribution, and tonnage distribution. Based on manufacturing process, the market is suyb-segmented into air separation , production technology, others (pressure swing adsorption).

Air Separation Technology Sub-Segment is Expected to Hold a Considerable Share of the Market

Among the manufacturing process, air separation technology hold the largest share of global gas mixture market. Air separation technology finds a wide range of applications in the metal production, electronics, and chemical industries as it is a fully automated system. An air separation plant separates atmospheric air into its primary components, as nitrogen, oxygen, argon and other rare inert gases. The most common method for air separation is cryogenic distillation. Other methods such as membrane, pressure swing adsorption and vacuum pressure swing adsorption are commercially used to separate a single component from ordinary air. In October 2021, The Board of Linde India at its meeting held on 01 October 2021 has approved the proposal for setting-up of a 250 tones per day merchant Air Separation Unit at Dahej, Gujarat to secure growth in the gases business in Western markets and deliver cost savings.

Regional Outlooks

The global gas mixture market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Asia-Pacific region is expected to hold a considerable share of the market owing to the growing metal manufacturing and fabrication industry across the region.

Global Gas Mixture Market Growth, by Region 2023-2030

Source: OMR Global

North America is Expected to Hold a Considerable Share of the Global Gas Mixture Market

Among all the regions, North America regions is anticipated to hold a considerable share of the market. The primary factor attributable to the regional market growth is owing to the availability of good infrastructure and access to funds along with the growing manufacturing sectors. The regions also provides an ease of doing business attracts major players to expand their facility in such regions.

Market Players Outlook

The major companies serving the global gas mixture market include Air Products Inc., BASF, L’Air Liquide SA, Linde plc, Iwatani Corp., Airgas Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, Linde expanded its operations in the US gulf coast by doubling the facility’s merchant liquid production capacity. The move will help the company to meet growing demand from the petrochemicals, clean energy, manufacturing, food and aerospace sectors in the U.S. Gulf Coast. It will also supply Linde’s existing Gulf Coast pipeline system, which includes nitrogen and oxygen pipelines extending from the Houston ship channel south to Freeport, Texas.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global gas mixture market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.