Global Industrial Gases Market By End-User, By Type (Oxygen, Nitrogen, Argon, Hydrogen & Carbon Dioxide), By Mode of Distribution, By Region, Competition, Forecast & Opportunities, 2024

The global industrial gases market is forecast to grow from $ 83.9 billion in 2018 to $ 122.7 billion by 2024, exhibiting a CAGR of around 6.7% during 2019-2024, on account of the rising demand from the chemical & petrochemical, metal fabrication & production, automotive, healthcare & pharmaceuticals and food & beverage industries. Expanding refinery capacity, increasing consumption of chemicals & petrochemicals and rising adoption of enhanced oil recovery (EOR) techniques in the oil & gas sector are few of the primary factors expected to aid the global industrial gases market. Moreover, rising passenger car sales are anticipated to propel the demand for industrial gases across the globe were analysed during forecast period.

Years Considered for this Report:

• Historical Years: 2014-2017
  
• Base Year: 2018
  
• Estimated Year: 2019
  
• Forecast Period: 2020-2024
  

Objective of the Study:

• To evaluate and forecast the global industrial gases market size.
  
• To identify various industrial gases and sectors utilizing them - metal production & fabrication, automotive, chemical & petrochemical, healthcare & pharmaceuticals, food & beverages and others.
  
• To analyze the global industrial gases market segmentation into five regional markets - Europe, Asia-Pacific, North America, South America and the Middle East & Africa.
  
• To identify and forecast the demand for different types of industrial gases - oxygen, nitrogen, argon, hydrogen and carbon dioxide.
  
• To understand and forecast various modes of distribution of industrial gases - bulk, tonnage and packaged.
  
• To identify major drivers & challenges in the global industrial gases market.
  
• To identify and profile major companies operating in the global industrial gases market.
  

Few of the major players operating in the global industrial gases market include Air Liquid SA, Linde Group & Praxair Inc., Air Products & Chemicals Inc., Taiyo Nippon Sanso Corporation, Yingde Gases Group Company Limited, Messer Group GmbH, Iwatani Corporation, Air Water Inc., Sig Gases Berhad, BASF SE, EPC Group, SOL Group, Buzwair Industrial Gases Factories, Gulf Cryo and Shanghai Chinllenge Gases Co. Ltd. To analyze and forecast the global industrial gases market, both top down and bottom up approaches have been used. Multiple employees from leading companies have been interviewed through telephonic conversations to extract and verify information being collected at the source.

A brief study of major players operating in the global industrial gases market was conducted, which includes analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with expansion plans, globally. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor, which is anticipated to impact the demand for industrial gases, globally.

Finally, types of gases and their distribution in different application segments across various countries were identified, and growth in the global industrial gases market was forecast. To extract data, primary surveys were conducted with key players and stakeholders in the industry. Future plans of major players were studied and projects which have been commissioned were identified. Various secondary sources such as white papers and secondary literature on industrial gases, data from World Steel Association, OPEC Annual Statistical Bulletin 2018, OICA, OECD, Gas World, World Steel Association and BP Statistics were also studied.

Key Target Audience:

• Industrial gas producers, suppliers and distributors
  
• Key end-users of industrial gases
  
• Market research organizations and consulting companies
  
• Government bodies such as regulating authorities and policy makers
  
• Associations, organizations, forums and alliances related to industrial gases
  

The study is essential in delivering useful information to industry stakeholders such as industrial gas manufacturers, suppliers, distributors and customers. The report also provides useful insights about which market segments should be targeted in the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the global Industrial gases market has been segmented into the following categories -

Market, by End-User:

• Metal Production & Fabrication
  
• Manufacturing including Chemical & Petrochemical
  
• Healthcare & Pharmaceuticals
  
• Food & Beverages
  
• Others (Energy, Electronics, Aerospace, etc.)
  

Market, by Type:

• Nitrogen
  
• Oxygen
  
• Argon
  
• Hydrogen
  
• Carbon Dioxide
  

Market, by Mode of Distribution:

• Tonnage
  
• Bulk
  
• Packaged
  

Market, by Geography:

• Europe
  
• Germany
  
• Russia
  
• United Kingdom
  
• Spain
  
• Italy
  
• North America
  
• United States
  
• Canada
  
• Mexico
  
• Asia-Pacific
  
• China
  
• Japan
  
• India
  
• South Korea
  
• Australia
  
• South America
  
• Brazil
  
• Argentina
  
• Colombia
  
• Middle East & Africa
  
• Saudi Arabia
  
• UAE
  
• Egypt
  
• South Africa
  

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product manufacturing and ownership.

Company Profiles: Detailed analysis of the major companies present in the global industrial gases market.

Available Customizations: With the given market data, customizations are offered according to a company’s specific needs.

The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
  

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.