Global Industrial Gases market is anticipated to grow appreciably in the forecast period of 2028 due to increasing demand for industrial gases in emerging economies, growing healthcare and food processing industries, and rising investments in the development of new applications for industrial gases. According to a report by the World Health Organization (WHO), an estimated 80% of COVID-19 patients require oxygen therapy, and some countries have reported shortages of oxygen in their hospitals during the pandemic. The WHO has called for increased investment in oxygen supply systems to ensure that hospitals have sufficient oxygen supplies to meet future demands.
The global industrial gases market is a rapidly growing industry that provides a variety of gases, including oxygen, nitrogen, hydrogen, argon, and carbon dioxide, for use in various industries such as healthcare, manufacturing, energy, and chemicals. These gases are used for a wide range of applications, such as welding and cutting, food processing, medical treatment, and refrigeration.The healthcare and pharmaceuticals industry and the industrial gases market are two distinct industries with their own unique characteristics and market dynamics. The major players in the global industrial gases market, like Air Liquide, Linde plc, Air Products and Chemicals, Inc., Messer Group GmbH are investing heavily in research and development activities to develop new applications for industrial gases and expand their product portfolio to meet the growing demand from various end-use industries. All these factors are expected to increase the demand of global industrial gases worldwide in the forecasted period.
Growing Demand from Healthcare and Pharmaceuticals is Driving the Market Growth
The pharmaceutical industry relies on industrial gases in various stages of drug development and manufacturing. In recent years, there has been increasing interest in the use of industrial gases in the healthcare industry for medical applications such as cryotherapy, which involves the use of extreme cold temperatures to treat various medical conditions. This has led to collaborations between companies in the healthcare and industrial gases industries to develop new products and therapies. Therefore, while the healthcare and pharmaceuticals industry and the industrial gases market are distinct industries, there are some areas of overlap and potential for collaboration in the development of new products and therapies. This development led to an increase in the demand for industrial gases from the healthcare and pharmaceuticals sector, driving the global industrial gases market growth.Industrial gases such as oxygen, nitrogen, and carbon dioxide play a crucial role in the healthcare and pharmaceutical industries. Different industrial gases are used in the healthcare sector for treatment process. For example, oxygen is used in hospitals to treat patients with respiratory issues. It is also used during surgical procedures as a component of anesthesia. In the pharmaceutical industry, oxygen is used in various stages of drug development and manufacturing, including fermentation and cell culture. For example, a hospital with 200 beds may use approximately 1,000 cubic meters of oxygen per day. Nitrogen is used in hospitals for cryotherapy, a medical treatment that involves the use of extremely cold temperatures to treat various medical conditions, such as skin lesions and cancer. Nitrogen is used in the pharmaceutical industry for various purposes, such as freezing and storing biological samples and stabilizing drugs. Carbon dioxide is used in hospitals as a component of respiratory therapy and as a coolant in surgical procedures. In the pharmaceutical industry, carbon dioxide is used in various stages of drug development and manufacturing, such as for the purification of active ingredients. For example, a hospital with 200 beds may use approximately 10 cubic meters of carbon dioxide per day. Helium is used in hospitals to cool MRI machines and also as a component of respiratory therapy. In the pharmaceutical industry, helium is used in the development of drug delivery systems, such as inhalers. A hospital with an MRI machine may use approximately 50 cubic meters of helium per day. Additionally, industrial gases are also used in the production and testing of medical devices, such as pacemakers and stents. Overall, industrial gases play a critical role in the healthcare and pharmaceutical industries, and their uses are diverse and far-reaching. Hence, the global industrial gas market is expected to rise significantly in the forecasted period.
Rising Demand from the Chemical and Petrochemical Industries are Market Driving Factors
The industrial gases market includes companies involved in the production and distribution of gases such as oxygen, nitrogen, and helium, which are used in a wide range of industrial applications such as metal fabrication, chemical production, and healthcare. This industry is driven by factors such as economic growth, industrial production, and environmental regulations. Approximately 14.8 million metric tons of nitrogen gas and 9.2 million metric tons of oxygen gas were produced in the United States in 2020.The chemical and petrochemical industries are heavy users of industrial gases, which play a critical role in their production processes. The industrial gases in chemical and petrochemical industries are used for different purposes. For example, nitrogen is used in the chemical and petrochemical industries for various applications, such as blanketing and purging of storage tanks and pipelines, inerting of reactors, and cooling of process streams. Oxygen is used in the chemical and petrochemical industries for various applications, such as oxidation reactions and combustion processes. It is also used in wastewater treatment to enhance the efficiency of biological treatment systems. Hydrogenation reactions, desulfurization of crude oil and natural gas, and as a fuel for power generation, are among various applications of chemical and petrochemical industries where hydrogen is needed. Carbon dioxide is used in the chemical and petrochemical industries for various applications, like a feedstock to produce chemicals, such as urea and methanol, and as a cooling agent. Apart from these, other industrial gases such as helium and argon are also used in the chemical and petrochemical industries for various applications, such as cooling and purging. Therefore, industrial gases are essential for the chemical and petrochemical industries, and their use is critical for efficient and safe production processes, thereby propelling the demand of industrial gases, worldwide.
Favorable Government Policies as a Key Supporting Factor for the Industrial Gases Market Growth
Government policies on industrial gases vary by country and region, but its main aim is to ensure the safe handling, transportation, storage, and use of industrial gases while also minimizing their impact on the environment and public health. Governments may offer subsidies or tax incentives to promote the production and use of industrial gases that either have environmental benefits or support specific industries. For example, the US government offers tax credits for the production and use of hydrogen fuel cells, which are powered by hydrogen gas. These factors led to the increase in the production and demand of industrial gases, globally, in the upcoming period.
Increasing Technological Advancements Driving Innovation and Increasing the Market Demand
Technological advancements have played a significant role in the industrial gases industry by driving innovation, improving efficiency, and creating new applications. Some examples are:Gas Separation Technologies: Advances in gas separation technologies have enabled the production of ultra-pure industrial gases with high levels of purity and reliability. This has been particularly important for the electronics and semiconductor industries, which require high-purity gases for their manufacturing processes.Cryogenic Technologies: Cryogenic technologies have enabled the production and storage of industrial gases at very low temperatures, which has opened new applications in areas such as medical and scientific research, food freezing, and rocket propulsion.Gasification Technologies: Gasification technologies have enabled the conversion of coal, biomass, and other feed stocks into gases such as hydrogen and syngas, which can be used for power generation, chemical production, and other applications.Process Control and Automation: Process control and automation technologies have improved the efficiency and safety of industrial gas production and distribution, reduced costs and improved product quality.Digitalization and Data Analytics: Digitalization and data analytics technologies have enabled the collection and analysis of data from industrial gas production and distribution processes, allowing companies to optimize their operations and improve their products and services.Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3965
Market Segmentation
Global industrial gases market is segmented based on type, end user, distribution, and region. Based on type, the market is segmented into nitrogen, oxygen, argon, hydrogen, carbon dioxide, and others. Based on end user, the market is categorized into metal production & fabrication, automotive, chemical & petrochemical, healthcare & pharmaceuticals, food & beverages, and others. Based on distribution, the market is fragmented into on-site, bulk, cylinder, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.
Company Profiles
Air Liquide SA, Air Products and Chemicals Inc., Asia Technical Gas Co Pte Ltd., BASF SE, Bhuruka Gases Limited, Ellenbarrie industrial Gases Ltd., Sapio Life Srl, IBO INDUSTRIA BRESCIANA OSSIGENO Srl, Iwatani Corporation, Linde PLC, Messer Group Inc., Aneka Gas Industries PT are some of the key players of global industrial gases market.
AttributeDetailsBase Year2022Historic Data2018 – 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million, Volume in metric Tons and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, volume forecast, company share, competitive landscape, growth factors, and trendsSegments coveredTypeEnd UserDistributionRegional scopeNorth America, Europe, Asia Pacific, South America, Middle East & AfricaCountry scopeUnited States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, France, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAEKey companies profiledAir Liquide SA, Air Products and Chemicals Inc., Asia Technical Gas Co Pte Ltd., BASF SE, Bhuruka Gases Limited, Ellenbarrie industrial Gases Ltd., Sapio Life Srl, IBO INDUSTRIA BRESCIANA OSSIGENO Srl, Iwatani Corporation, Linde PLC, Messer Group Inc., Aneka Gas Industries PTCustomization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, global Industrial gases market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- NitrogenOxygenArgonHydrogenCarbon DioxideOthers
- Metal Production & FabricationAutomotiveChemical & PetrochemicalHealthcare & PharmaceuticalsFood & BeveragesOthers
- On-siteBulkCylinderOthers
- North America
- United StatesMexicoCanada
- FranceGermanyUnited KingdomSpainItaly
- ChinaIndiaSouth KoreaJapanAustralia
- BrazilArgentinaColombia
- South AfricaSaudi ArabiaUAE
- Research Methodology
2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market3.2. Overview of Key Market Segmentations3.3. Overview of Key Market Players3.4. Overview of Key Regions/Countries3.5. Overview of Market Drivers, Challenges, Trends
- Voice of CustomerGlobal Industrial Gases Market Outlook
5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Type (Nitrogen, Oxygen, Argon, Hydrogen, Carbon Dioxide, and Others)5.2.2. By End User (Metal Production & Fabrication, Automotive, Chemical & Petrochemical, Healthcare & Pharmaceuticals, Food & Beverages, and Others)5.2.3. By Distribution (On-site, Bulk, Cylinder, and Other)5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)5.2.5. By Company (2022)5.3. Market Map5.3.1. By Type5.3.2. By End User5.3.3. By Distribution5.3.4. By Region
- North America Industrial Gases Market Outlook
6.1. Market Size & Forecast 6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Type6.2.2. By End User6.2.3. By Distribution6.2.4. By Country6.3. Pricing Analysis6.4. North America: Country Analysis6.4.1. United States Industrial Gases Market Outlook6.4.1.1. Market Size & Forecast6.4.1.1.1. By Value6.4.1.2. Market Share & Forecast6.4.1.2.1. By Type6.4.1.2.2. By End User6.4.1.2.3. By Distribution6.4.2. Mexico Industrial Gases Market Outlook6.4.2.1. Market Size & Forecast6.4.2.1.1. By Value6.4.2.2. Market Share & Forecast6.4.2.2.1. By Type6.4.2.2.2. By End User6.4.2.2.3. By Distribution6.4.3. Canada Industrial Gases Market Outlook6.4.3.1. Market Size & Forecast6.4.3.1.1. By Value6.4.3.2. Market Share & Forecast6.4.3.2.1. By Type6.4.3.2.2. By End User6.4.3.2.3. By Distribution
- Europe Industrial Gases Market Outlook
7.1. Market Size & Forecast 7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Type7.2.2. By End User7.2.3. By Distribution7.2.4. By Country7.3. Pricing Analysis7.4. Europe: Country Analysis7.4.1. France Industrial Gases Market Outlook7.4.1.1. Market Size & Forecast7.4.1.1.1. By Value7.4.1.2. Market Share & Forecast7.4.1.2.1. By Type7.4.1.2.2. By End User7.4.1.2.3. By Distribution7.4.2. Germany Industrial Gases Market Outlook7.4.2.1. Market Size & Forecast7.4.2.1.1. By Value7.4.2.2. Market Share & Forecast7.4.2.2.1. By Type7.4.2.2.2. By End User7.4.2.2.3. By Distribution7.4.3. United Kingdom Industrial Gases Market Outlook7.4.3.1. Market Size & Forecast7.4.3.1.1. By Value7.4.3.2. Market Share & Forecast7.4.3.2.1. By Type7.4.3.2.2. By End User7.4.3.2.3. By Distribution7.4.4. Spain Industrial Gases Market Outlook7.4.4.1. Market Size & Forecast7.4.4.1.1. By Value7.4.4.2. Market Share & Forecast7.4.4.2.1. By Type7.4.4.2.2. By End User7.4.4.2.3. By Distribution7.4.5. Italy Industrial Gases Market Outlook7.4.5.1. Market Size & Forecast7.4.5.1.1. By Value7.4.5.2. Market Share & Forecast7.4.5.2.1. By Type7.4.5.2.2. By End User7.4.5.2.3. By Distribution
- Asia-Pacific Industrial Gases Market Outlook
8.1. Market Size & Forecast 8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Type8.2.2. By End User8.2.3. By Distribution8.2.4. By Country8.3. Pricing Analysis8.4. Asia-Pacific: Country Analysis8.4.1. China Industrial Gases Market Outlook8.4.1.1. Market Size & Forecast8.4.1.1.1. By Value8.4.1.2. Market Share & Forecast8.4.1.2.1. By Type8.4.1.2.2. By End User8.4.1.2.3. By Distribution8.4.2. India Industrial Gases Market Outlook8.4.2.1. Market Size & Forecast8.4.2.1.1. By Value8.4.2.2. Market Share & Forecast8.4.2.2.1. By Type8.4.2.2.2. By End User8.4.2.2.3. By Distribution8.4.3. South Korea Industrial Gases Market Outlook8.4.3.1. Market Size & Forecast8.4.3.1.1. By Value8.4.3.2. Market Share & Forecast8.4.3.2.1. By Type8.4.3.2.2. By End User8.4.3.2.3. By Distribution8.4.4. Japan Industrial Gases Market Outlook8.4.4.1. Market Size & Forecast8.4.4.1.1. By Value8.4.4.2. Market Share & Forecast8.4.4.2.1. By Type8.4.4.2.2. By End User8.4.4.2.3. By Distribution8.4.5. Australia Industrial Gases Market Outlook8.4.5.1. Market Size & Forecast8.4.5.1.1. By Value8.4.5.2. Market Share & Forecast8.4.5.2.1. By Type8.4.5.2.2. By End User8.4.5.2.3. By Distribution
- South America Industrial Gases Market Outlook
9.1. Market Size & Forecast 9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Type9.2.2. By End User9.2.3. By Distribution9.2.4. By Country9.3. Pricing Analysis9.4. South America: Country Analysis9.4.1. Brazil Industrial Gases Market Outlook9.4.1.1. Market Size & Forecast9.4.1.1.1. By Value9.4.1.2. Market Share & Forecast9.4.1.2.1. By Type9.4.1.2.2. By End User9.4.1.2.3. By Distribution9.4.2. Argentina Industrial Gases Market Outlook9.4.2.1. Market Size & Forecast9.4.2.1.1. By Value9.4.2.2. Market Share & Forecast9.4.2.2.1. By Type9.4.2.2.2. By End User9.4.2.2.3. By Distribution9.4.3. Colombia Industrial Gases Market Outlook9.4.3.1. Market Size & Forecast9.4.3.1.1. By Value9.4.3.2. Market Share & Forecast9.4.3.2.1. By Type9.4.3.2.2. By End User9.4.3.2.3. By Distribution
- Middle East and Africa Industrial Gases Market Outlook
10.1. Market Size & Forecast10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Type10.2.2. By End User10.2.3. By Distribution10.2.4. By Country10.3. Pricing Analysis10.4. MEA: Country Analysis10.4.1. South Africa Industrial Gases Market Outlook10.4.1.1. Market Size & Forecast10.4.1.1.1. By Value10.4.1.2. Market Share & Forecast10.4.1.2.1. By Type10.4.1.2.2. By End User10.4.1.2.3. By Distribution10.4.2. Saudi Arabia Industrial Gases Market Outlook10.4.2.1. Market Size & Forecast10.4.2.1.1. By Value10.4.2.2. Market Share & Forecast10.4.2.2.1. By Type10.4.2.2.2. By End User10.4.2.2.3. By Distribution10.4.3. UAE Industrial Gases Market Outlook10.4.3.1. Market Size & Forecast10.4.3.1.1. By Value10.4.3.2. Market Share & Forecast10.4.3.2.1. By Type10.4.3.2.2. By End User10.4.3.2.3. By Distribution
- Market Dynamics
11.1. Drivers11.2. Challenges
- Market Trends & Developments
12.1. Product Launches12.2. Mergers & Acquisitions12.3. Technological Advancements
- Global Industrial Gases Market: SWOT AnalysisPorter’s Five Forces Analysis
14.1. Competition in the Industry14.2. Potential of New Entrants14.3. Power of Suppliers14.4. Power of Customers14.5. Threat of Substitute Product
- Competitive Landscape
15.1. Business Overview15.2. Product Offerings15.3. Recent Developments15.4. Financials (In Case of Listed Companies)15.5. Key Personnel15.5.1. Air Liquide SA15.5.2. Air Products and Chemicals Inc.15.5.3. Asia Technical Gas Co Pte Ltd.15.5.4. BASF SE15.5.5. Bhuruka Gases Limited15.5.6. Ellenbarrie industrial Gases Ltd.15.5.7. Sapio Life Srl15.5.8. IBO INDUSTRIA BRESCIANA OSSIGENO Srl15.5.9. Iwatani Corporation15.5.10. Linde PLC15.5.11. Messer Group Inc.15.5.12. Aneka Gas Industries PT
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