Increasing Demand from Healthcare Sector
The growth in advancement of the technology in the healthcare industry gives rise to the demand for production of industrial gases, which, in turn, acts as a driving point for the industrial gases market. For example, the development of gas-assist equipment suppliers in the medical industry offers an assortment of equipment and controls, yet the fundamental procedure is comparative in all variations. Changes in pressure and stream control predominantly empower organized control of process variables. In the medical industry, bulk oxygen is required in many cases to minimize the risk of excess oxygen in the lungs or body tissue during surgeries and for providing artificial ventilation. Nitrogen is utilized in pre-flight lung diagnosis to calculate a person’s ability to respond to simulated aircraft cabin environment. Carbon dioxide can be used at the time of insufflation and can be infused along with oxygen for stimulation of the respiratory simulation. This way, the application of technology in healthcare, using gases, has been increasing rapidly in recent times.
Asia-Pacific Dominated the Market
Asia-Pacific was the largest market for industrial gases. China accounted for a major chunk of the consumption in the region. However, India is expected to witness the fastest growth in the region. The development of the industrial gas industry can effectively gauge on the premise of projections of the steel and other metallurgical industries. Metallurgy and manufacture will continue to be the biggest business sectors for industrial gasses. India is the third largest producer of iron and steel in Asia-Pacific, and the production is increasing at a rapid pace y-o-y. Growing demand for iron and steel from various industries and the up-coming steel ventures, coupled with the government initiatives to boost the manufacturing sector, are expected to boost the usage of mechanical gas creation units to address the mass prerequisites for modern gasses, which, in turn, will drive the industrial gas market in the country.
Major Players: Air Liquide, Air Products and Chemicals, Inc., Praxair Technology, Inc., The Linde Group, BASF SE, EPC Group (Cryotech), Taiyo Nippon Sanso (TNS), and Messer Group GmbH, among others.
Reasons to Purchase the Report
- Analyzing how the increasing demand from healthcare sector will drive the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The type and end-user industry that are expected to dominate the market
- The region that is expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimation sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Growing Need for Alternate Energy Sources
4.1.2 Increasing Demand from Healthcare Sector
4.2.1 Environmental Regulations and Safety Issues
4.2.2 Huge Cost in Converting Gases to Required Form
4.3.1 Industrialization in Developing Asian Economies
4.3.2 Increasing Application of Industrial Gas
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Atmospheric Gases
5.1.2 Noble Gases
5.1.3 Elemental Gases (Other than Noble)
5.1.4 Liquefied Gas
5.1.5 Compound Gases
5.1.6 Hydrocarbon Gases (other than LPG, LNG, etc.)
5.2 By Application
5.2.3 Medical Gas
5.2.4 Aerosol Propellants
5.2.5 Dielectric Gas
5.3 By End-user Industry
5.3.1 Oil & Gas
5.3.2 Energy & Power
5.3.3 Petrochemical & Chemical Manufacturing
5.3.4 Nuclear Power Industry
5.3.5 Medical & Pharmaceutical
5.3.6 Food & Beverage
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Aims Industries Ltd.
9.2 Airgas, Inc.
9.3 Air Liquide
9.4 Air Products and Chemicals, Inc.
9.5 Air Water Inc.
9.6 AMCS Corporation
9.7 Asia Technical Gas Co Pte Ltd.
9.8 BASF SE
9.9 Bhuruka Gases Limited
9.10 Buzwair Group
9.11 Chart Industries
9.12 Ellenbarrie industrial Gases
9.13 EPC Group (Cryotech)
9.14 Gulf Cryo
9.16 Matheson Tri-Gas, Inc.
9.17 Messer Group GmbH
9.18 Praxair Technology, Inc.
9.19 SOL S.p.A
9.20 Taiyo Nippon Sanso Corporation
9.21 The Linde Group
*List not exhaustive
**Subject to availability on public domain
- Aims Industries Ltd.
- Airgas Inc.
- Air Liquide
- Air Products and Chemicals Inc.
- Air Water Inc.
- AMCS Corporation
- Asia Technical Gas Co Pte Ltd.
- BASF SE
- Bhuruka Gases Limited
- Buzwair Group
- Chart Industries
- Ellenbarrie industrial Gases
- EPC Group (Cryotech)
- Gulf Cryo
- Matheson Tri-Gas Inc.
- Messer Group GmbH
- Praxair Technology Inc.
- SOL S.p.A
- Taiyo Nippon Sanso Corporation
- The Linde Group