Global Industrial Gases Market by Application Type (Healthcare, Manufacturing, Metallurgy & Glasses, Food & Beverages, Chemical and Energy, Retail, and Others); By Product (Nitrogen (N2), Oxygen (O2), Hydrogen (H2), Argon, Acetylene, Helium and Others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Industrial gases are gaseous products manufactured in huge volumes for multiple processes of production. Their reactivity, inertness and other superior physical properties are rated for industrial gases. Few examples of industrial gasses are oxygen (O2), Carbon dioxide (CO2), hydrogen (H2), nitrogen (N2), Argon (AR), and many others. These industrial gasses find their area of application in a form of gas bottles in therapeutic oxygen, balloon helium, welding and welding devices, beer containers and LPG. A variety of small gas-pumped containers are also available for the production of industrial gases.
This report anticipates the Industrial Gases market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The rising demand for industrial gases in oil, food & beverage, medical, electronic and petroleum & gas applications fueled the global market for industrial gases. Significant demand from the oil and gas industries is experiencing for industrial gases.
Global Industrial Gases Market: Segments
Global Industrial Gases Market has been segmented on the basis of product type, application type and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Product Type (in %), Global Industrial Gases Market, 2019
Oxygen dominated the market with over XX% of the market share in 2019
Global Industrial Gases Market is segmented by product into: nitrogen (N2), oxygen (O2), hydrogen (H2), argon, acetylene, helium and others.
Oxygen is known to increase the thermal efficiency of fuel, and hence to be used in order to get more energy from fuel, oxygen is utilized for manufacturing, melting of steel, medical applications, smelting of copper. Oxygen is used for the treatment and gasification of contaminated waste water, contaminated water and biomass. In order to minimize emissions, chlorine may also be substituted by it in the production of pulp and paper. In future years, therefore, large-scale oxygen application in different industries is expected to boost demand for industrial oxygen.
Global Industrial Gases Market: Market Dynamics
• Environmental issues:
High environmental requirements for reducing Sulphur content allowable in refining products encourage refining operators to desulfurize oil, offering the potential for industrial gas development opportunities. The growth can be attributed to expanding energy demand, the adequacy of energy-efficient technology, surging demand for natural gas power plants, the effect of the shale gas revolution and a decrease in carbon dioxide emissions.
• High initial cost
Industrial gasses are capital intensive and require huge initial investment and high maintenance cost of the equipments thus restraining the market growth. Strict government policies and law and order to carry out the energy production by gas turbines in the industry hinders the market growth over the forecasted period.
Global Industrial Gases Market: Regions
The North America is anticipated to dominate the market with XX% market share in 2019 growing at a CAGR of XX% over the forecasted period.
The North American market is anticipated to witness highest growth due to the growing emphasis on Combined Cycle Gas Turbine (CCGT) capacity additions. The availability of enormous gas reserves, improved production and a lower build-up period helps power generation by CCGT.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Global Industrial Gases Market: Competitive landscape
These actors adopt policies to further improve their footprints in the market, such as providing multi-annual services contracts for current and emerging power plant shareholders. Competition among the leading suppliers is based on their gas turbines ‘productivity and effectiveness, as well as their customers’ associated services. In order to boost its market dominance due to the rapid technological change and fierce competition, the technical capability and R&D are one of the most important focal areas of industry.
Global Industrial Gases Market: Key Players
• L’Air Liquide SA
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Praxair Inc.
• Linde AG
• Airgas Inc.
• Air Products and Chemicals Inc
• Taiyo Nippon Sanso Corp.
• Matheson tri-Gas Inc.
• Messer Group
• Taiyo Nippon Sanso
• Other prominent players
Global Industrial Gases market report also contains analysis on:
• Industrial Gases Market Segments:
o By Product:
o By Application type:
Metallurgy & glasses
Food & beverages
Chemical and energy
• Industrial Gases Market Dynamics
• Industrial Gases Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints