Industrial Gases Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Nitrogen, Oxygen, Argon, Hydrogen, Carbon Dioxide, and Others), By End User (Metal Production & Fabrication, Automotive, Chemical & Petrochemical, Healthcare & Pharmaceuticals, Food & Beverages, and Others), By Distribution (On-site, Bulk, Cylinder, and Other), By Region, and Com
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 CustomizationIndustrial Gases Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Nitrogen, Oxygen, Argon, Hydrogen, Carbon Dioxide, and Others), By End User (Metal Production & Fabrication, Automotive, Chemical & Petrochemical, Healthcare & Pharmaceuticals, Food & Beverages, and Others), By Distribution (On-site, Bulk, Cylinder, and Other), By Region, and Com
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 are Driving the Market Growth
Rising Demand from the Chemical and Petrochemical Industries are Market Driving Factors
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.
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 the industrial gases, globally, in the upcoming period.
Increasing Technological Advancements Driving the 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
Cryogenic Technologies
Gasification Technologies
Process Control and Automation
Digitalization and Data Analytics
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Market Segmentation
Global industrial gases market
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.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric Tons and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Type End User Distribution |
| Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, France, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE |
| Key companies profiled | 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 |
| 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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