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Global Industrial Gases Market is Estimated to Reach $82.4 billion by 2024, Says Variant Market Research
Published By: Variant Market Research Publishing Date: 09 November 2017

Global Industrial Gases Market Report, published by Variant Market Research, forecast that the global market is expected to reach $82.4 billion by 2024 from $49.8 billion in 2016; growing at a CAGR of 6.5% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 6.8% and 6.6%, respectively, during the forecast period.

Industrial Gases Market (By Products Type: Hydrogen, Oxygen, Carbon Dioxide, Nitrogen, Helium, Argon, and Acetylene; By Production and Delivery: Merchant Gases (Liquified, Tank Delivery), Merchant Gases (Cylinder Delivery), and High-Volume Gases (On-Site Generation); By Application: Petroleum Refinery, Chemical Production, Food Processing, Healthcare, Electronics, Metal Processing, and Other Applications; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/chemicals-materials/industrial-gases-market

Industrial gases are important supplies that are crucial in various end use industries they serve. These industrial gases are offered by various key market players in bulk and are available in all the three states of matter (liquid, solid, gas). With dependency of their various chemical properties such as reactivity, inertness, and other physical properties, industrial gases market is expected to witness huge growth potential over the forecasted period.

Increasing demand for packed food & beverages to drive the growth of the global industrial gases market

The factors supporting growth of the global industrial gases market are increasing demand for packed food & beverages, resource constrains, globalization of the industry, and rising demand of medical grade gases in healthcare and medical industry. However, high cost of transport & storage of these gases may act as a restraint for the growth of the market. Moreover, capacity expansion and advancement of innovative technologies like molecular sieve separation would provide several growth opportunities for the market in the future years.

Market Segmentation

Products type, production and delivery, application, and geography are the major segments of the global industrial gases market. By products type, market is bifurcated into hydrogen, oxygen, carbon dioxide, nitrogen, helium, argon, and acetylene. The market is categorized by production and delivery into merchant gases (liquified, tank delivery), merchant gases (cylinder delivery), and high-volume gases (on-site generation). Further by application, market is bifurcated into petroleum refinery, chemical production, food processing, healthcare, electronics, metal processing, and other applications. By geography, the global industrial gases market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Hydrogen accounted for the largest market share in the product type segment

Hydrogen accounted for the largest market share in 2016, in type segment, and is expected to continue its dominance during the forecast period 2016 – 2024, owing to regulatory demands regarding cleaner fuels from various end user sectors.

Merchant gases (liquified, tank delivery) accounted for the largest market share in the production and delivery segment

Global Industrial Gases Market, by Production and Delivery
Global Industrial Gases Market, by Production and Delivery

Merchant gases (liquified, tank delivery) accounted for the largest market share in 2016, in production and delivery segment, and is expected to continue its dominance during the forecast period 2016 – 2024. Whereas, high-volume gases (on-site generation) subsegment is anticipated to grow at a fastest CAGR from 2016 to 2024.

Petroleum refinery accounted for the largest market share in the application segment 

Global Industrial Gases Market, by Application 2016 Vs 2024
Global Industrial Gases Market, by Application 2016 Vs 2024

By application, petroleum refinery accounted for the largest market share in 2016, and are expected to continue its dominance during the forecast period 2016–2024. While, food processing segment is anticipated to grow at a fastest CAGR from 2016 to 2024.

Asia-Pacific dominated the global market with largest market share over the forecast period 

GLOBAL INDUSTRIAL GASES MARKET SHARE BY GEOGRAPHY, 2016 (%)
GLOBAL INDUSTRIAL GASES MARKET SHARE BY GEOGRAPHY, 2016

Asia-Pacific dominated the global industrial gases market with largest market share of 39% and fastest CAGR in 2016, and expected to continue the trend during the forecasted period, owing to high energy demand, healthcare needs, and climate control initiatives in this region.

Competitive Landscape

The key players operating in the market are Air Liquide S.A., Air Products & Chemicals Inc., Praxair, Inc., The Linde Group, Messer Group GmbH, BASF SE, Taiyo Nippon Sanso Corporation, Yingde Gases Group Company, Buzwair Industrial Gases Factories, and AIR WATER INC., among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Industrial Gases Market by Products Type: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Hydrogen
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Oxygen
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Carbon Dioxide
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Nitrogen
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 Helium
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
    4.7 Argon
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast
    4.8 Acetylene
          4.8.1 Current Trend and Analysis
          4.8.2 Market Size and Forecast
Chapter 5 Global Industrial Gases Market by Production and Delivery: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 Merchant Gases (Liquified, Tank Delivery)
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Merchant Gases (Cylinder Delivery)
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 High-Volume Gases (On-Site Generation)
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
Chapter 6 Global Industrial Gases Market by Application: Market Size and Forecast, 2015 – 2024
    6.1 Overview
    6.2 Petroleum Refinery
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
    6.3 Chemical Production
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
    6.4 Food Processing
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
    6.5 Healthcare
          6.5.1 Current Trend and Analysis
          6.5.2 Market Size and Forecast
    6.6 Electronics
          6.6.1 Current Trend and Analysis
          6.6.2 Market Size and Forecast
    6.7 Metal Processing
          6.7.1 Current Trend and Analysis
          6.7.2 Market Size and Forecast
    6.8 Other Applications
          6.8.1 Current Trend and Analysis
          6.8.2 Market Size and Forecast
Chapter 7 Global Industrial Gases Market by Geography: Market Size and Forecast, 2015 – 2024
    7.1 Overview
    7.2 North America
          7.2.1 Current Trend and Analysis
          7.2.2 Market Size and Forecast
          7.2.3 US
                   7.2.3.1 Market Size and Forecast
          7.2.4 Canada
                   7.2.4.1 Market Size and Forecast
          7.2.5 Mexico
                   7.2.5.1 Market Size and Forecast
    7.3 Europe
          7.3.1 Current Trend and Analysis
          7.3.2 Market Size and Forecast
          7.3.3 UK
                   7.3.3.1 Market Size and Forecast
          7.3.4 Germany
                   7.3.4.1 Market Size and Forecast
          7.3.5 France
                   7.3.5.1 Market Size and Forecast
          7.3.6 Spain
                   7.3.6.1 Market Size and Forecast
          7.3.7 Italy
                   7.3.7.1 Market Size and Forecast
          7.3.8 Rest of Europe
                   7.3.8.1 Market Size and Forecast
    7.4 Asia-Pacific
          7.4.1 Current Trend and Analysis
          7.4.2 Market Size and Forecast
          7.4.3 China
                   7.4.3.1 Market Size and Forecast
          7.4.4 Japan
                   7.4.4.1 Market Size and Forecast
          7.4.5 India
                   7.4.5.1 Market Size and Forecast
          7.4.6 South Korea
                   7.4.6.1 Market Size and Forecast
          7.4.7 Rest of Asia-Pacific
                   7.4.7.1 Market Size and Forecast
    7.5 RoW
          7.5.1 Current Trend and Analysis
          7.5.2 Market Size and Forecast
          7.5.3 Middle East
                   7.5.3.1 Market Size and Forecast
          7.5.4 South America
                   7.5.4.1 Market Size and Forecast
          7.5.5 Africa
                   7.5.5.1 Market Size and Forecast
Chapter 8 Company Profiles
    8.1 Air Products & Chemicals Inc.
    8.2 Air Liquide S.A.
    8.3 Praxair, Inc.
    8.4 The Linde Group
    8.5 Messer Group GmbH
    8.6 Taiyo Nippon Sanso Corporation
    8.7 BASF SE
    8.8 Yingde Gases Group Company
    8.9 AIR WATER INC.
    8.10 Buzwair Industrial Gases Factories

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