Canada Industrial Gases Market, By Product (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Helium), By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged), By Region, Competition, Forecast & Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCanada Industrial Gases Market, By Product (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Helium), By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged), By Region, Competition, Forecast & Opportunities, 2028
In 2021, the total market valuation of the global industrial gases market amounted to USD 93.3 billion in 2021.
Industrial gases are a crucial component in modern manufacturing and production. These gases are utilized in various applications across industries, such as energy, healthcare, food and beverage, chemicals, and electronics. They play a significant role in enabling industrial processes, enhancing product quality, and optimizing efficiency.
One of the most significant industrial gases is oxygen. It is utilized in a range of applications, from metal fabrication to medical treatment. In metal fabrication, oxygen is used to enhance the combustion process, which results in a cleaner and more efficient flame. Oxygen is also used in the medical industry to treat respiratory disorders and assist in anesthesia. Industrial gases play a significant role in enabling industrial processes, enhancing product quality, and optimizing efficiency. They are utilized in a range of industries and applications, from food packaging to electronics manufacturing, and have a significant impact on the quality and efficiency of various products and processes. The industrial gas industry is composed of large multinational corporations that provide a diverse range of products and services to various industries, and it continues to evolve as new applications and technologies emerge.
The industrial gases market in Canada is an important sector that plays a significant role in the country's manufacturing, energy, healthcare, and food industries. The market is highly competitive, with several multinational corporations, including Air Liquide, Linde, and Air Products, operating in the country. The primary industrial gases produced and consumed in Canada include nitrogen, oxygen, argon, and carbon dioxide. Nitrogen is the most consumed gas in the country, with applications in the food industry, pharmaceuticals, and electronics manufacturing. Oxygen is also widely consumed in various applications, such as metal fabrication and healthcare.
The healthcare industry is one of the major consumers of industrial gases in Canada, with significant demand for oxygen, nitrogen, and carbon dioxide. Industrial gases are used in medical applications, such as anesthesia, respiratory therapy, and medical imaging. The aging population in Canada has led to an increase in demand for healthcare services, which has driven the growth of the industrial gases market in the country.
The industrial gases market in Canada plays a vital role in the country's economy. The market is driven by the demand from various industries, including healthcare, food, and energy. The government's initiatives to promote sustainable development and reduce greenhouse gas emissions have also contributed to the growth of the industry. The market is highly competitive, with multinational corporations dominating the industry, but there is also a growing presence of smaller, specialized players.
Demand for Industrial Gases in Healthcare and Food & Beverages Industries Propelling Market
The healthcare industry is one of the major consumers of industrial gases in Canada. The aging population in Canada has led to an increase in demand for healthcare services, which has driven the growth of the industrial gases market in the country. Industrial gases such as oxygen, nitrogen, and carbon dioxide are used in medical applications such as anesthesia, respiratory therapy, and medical imaging.
The food and beverage industry is another major consumer of industrial gases in Canada, with significant demand for carbon dioxide for use in carbonation and packaging. Nitrogen is also used in the food industry to preserve the freshness of packaged foods, while oxygen is used in the wine industry to enhance the aging process. The growth of the food and beverage industry has led to an increase in demand for industrial gases, driving the growth of the market.
Download Free Sample Report Technological Advancements and Government Initiatives Driving Market
The industrial gases market in Canada has experienced significant technological advancements in recent years, which has increased efficiency and reduced costs. This has led to an increase in demand for industrial gases, driving the growth of the market. The Canadian government has launched regulations and incentives to encourage the use of industrial gases in clean energy production and reduce emissions from industrial processes. This has led to an increase in demand for industrial gases, driving the growth of the market.
The energy industry is also a significant consumer of industrial gases in Canada, with a demand for nitrogen and carbon dioxide for use in enhanced oil recovery and carbon capture and storage. The growth of the energy industry has led to an increase in demand for industrial gases, driving the growth of the market. the electronics industry is one of the fastest-growing industries in Canada, with significant demand for nitrogen and argon for use in the production of electronic components. The growth of the electronics industry has led to an increase in demand for industrial gases, driving the growth of the market.
Major Challenges Faced by Canada Industrial Gases Market
- The industrial gases market
in Canada is highly competitive, with several multinational corporations and
regional players operating in the industry. The competition has led to price
wars, which have reduced profit margins for industry players.
- The prices of raw materials
used in the production of industrial gases, such as natural gas and nitrogen,
are volatile and subject to fluctuations. This volatility affects the cost of production
and pricing strategies of industry players.
- The Canadian government has
introduced regulations and policies to promote sustainable development and
reduce greenhouse gas emissions. Compliance with these regulations has
increased the cost of production for industry players, affecting their
profitability.
- The country’s industrial gases
market is associated with environmental concerns, such as greenhouse gas
emissions and waste generation. Industry players are under pressure to reduce
their environmental impact, which has led to an increase in research and
development costs.
- While technological
advancements have driven this market, they have also created challenges for market
players. Rapid technological advancements have led to the obsolescence of
equipment and the need for continuous investment in research and development.
- The Canada industrial gases market
requires significant infrastructure, including storage and transportation
facilities, to distribute products to customers. Infrastructure constraints,
such as limited storage facilities and transportation networks, have affected
the industry's ability to meet customer demand and resulted in increased costs.
Recent Trends and Developments
- Several industry
players have invested in expanding their production capacity in Canada to meet the
growing demand. In 2020, Air Liquide announced the expansion of its production
capacity for nitrogen and argon in Western Canada. Similarly, in 2021, Linde
announced the expansion of its carbon dioxide production capacity in Western
Canada to meet the growing demand from the food and beverage industry.
- The Government of
Canada has introduced policies and incentives to promote clean energy
production and reduce greenhouse gas emissions. Several market players have
invested in clean energy technologies, such as carbon capture and storage, to
reduce their environmental impact. In 2019, Air Products announced a partnership
with the Canadian government to build a hydrogen production plant powered by
hydroelectricity in Quebec.
- The industrial
gases market in Canada has taken up digital technologies to improve operational
efficiency and customer experience. In 2019, Linde launched a digital platform,
LindeX, which enables customers to manage their accounts, order products, and
access real-time data. Similarly, Air Liquide launched a digital platform,
ALIGAL, which enables customers to track the quality and availability of
industrial gases.
- Sustainability
has become a key focus for the Canada industrial gases market. Key players are
investing in renewable energy sources, reducing their environmental impact, and
adopting circular economy principles. In 2019, Air Liquide announced the
construction of a biogas purification plant in Quebec, which will produce
renewable natural gas for the transportation sector. Similarly, Linde announced
the development of a hydrogen refueling station in Quebec to support the uptake
of fuel cell vehicles.
Market Segmentation
The Canada industrial gases market
Market Players
Air Liquide Canada Inc., Praxair Canada Inc., Linde Canada Limited, Air Products Canada Ltd., Messer Canada Inc., Taiyo Nippon Sanso Corporation., Chart Industries Canada ULC, Matheson Canada Inc., NexAir Canada, and Atlas Welding Supply Co. Ltd.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Product Mode of Distribution |
|
Regional Scope |
Quebec,
Ontario, Alberta, British Columbia, Saskatchewan, and Manitoba |
|
Key Companies
Profiled |
Air Liquide Canada Inc., Praxair Canada
Inc., Linde Canada Limited, Air Products Canada Ltd., Messer Canada Inc.,
Taiyo Nippon Sanso Corporation., Chart Industries Canada ULC, Matheson Canada
Inc., NexAir Canada, Atlas Welding Supply Co. Ltd. |
|
Customization
Scope |
10%
free report customization with purchase. Addition or alteration to country, regional
& segment scope. |
|
Pricing and Purchase
Options |
Avail
customized purchase options to meet your exact research needs. Explore
purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request) |
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