Industrial Gas Market, By Gas Type (Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, and Others), by End-Use Industry (Food & Beverage, Manufacturing, Healthcare, Chemicals, and Others), and By Geography (EU, NA, APAC, LATAM, and MEA) – Analysis, Size, Share, Trends, and Forecast from 2021-2027
REPORT HIGHLIGHT
The global Industrial Gas market was valued at USD 91.6 billion in 2019, growing with 5.6% CAGR during the forecast period, 2021-2027.
The gas produced at large scales for applications in several crucial industries is considered an industrial gas. These products contain compounds that remain gaseous at room temperature. Most of these products are molecular compounds, certain elements, or a mixture of both. The wide demand for the product across several end-use industries makes them crucial substances for the global economy.
Market Dynamics
The global market is growing considerably and in the forthcoming years, the demand for the product is predicted to surge owing to several reasons. One of the prominent reasons for the growth of the industrial gas market is rising industrialization and urbanization across the globe, which is leading to increased utilization of these gases for various operational purposes. According to the United Nations predictions, by 2050, 68% of the global populace is predicted to live in urban areas.
Expanding the healthcare sector, manufacturing sector, chemical sector across developing economies, especially in those countries where the population is rising at a speedy pace will aid the overall market growth. Rising expenditure on infrastructure projects and their development employs huge requirements of industrial gases which can further support the industry growth. However, rising stringency on the use of several chemicals and gas due to environmental issues may hamper the market growth.
Gas Type Takeaway
Depending upon the type, the global business is categorized into nitrogen, oxygen, carbon dioxide, hydrogen, and others. Of all these, the global demand for oxygen is high and the segment will dominate over others. The high utilization of 02 in steel manufacturing, specifically for steel melting, and in healthcare for treating patients at different stages of the treatment is vouching for high product demand.
The market growth of hydrogen and nitrogen gases is expected to witness an upward trend as these industrial gases are widely used in the production of a certain chemical, welding, and has application across blast furnaces. Increasing investment by industry players to enhance their production capabilities of the aforementioned gases can further fuel the sales of these gases.
End-Use Industry Takeaway
In terms of the End-Use Industry, the worldwide industry is categorized into food & beverage, manufacturing, healthcare, chemicals, and others. The demand for products such as nitrogen and hydrogen in the manufacturing sector is the highest and the segment is predicted to perform exceptionally well throughout the forecast period. From fulfilling energy requirements to aid other operational requirements industrial gases are used for a number of reasons in product and equipment manufacturing facilities.
The healthcare segment is anticipated to register the fastest growth during the foreseeable years owing to the increasing demand for gases such as oxygen, carbon dioxide, and nitrogen in the pharmaceutical industry and hospitals.
Regional Takeaway
Regionally, the overall industry is divided into North America, Middle East, and Africa, Asia Pacific, Europe, Latin America. The Asia Pacific is projected to dominate in the global market owing to large production bases in Asian economies such as Japan, South Korea, China, and others. Low labor cost and flexible regulatory scenario for the production are further augmenting the market growth within the region. The region is predicted to grow at the fastest CAGR owing to the increasing population which is driving the demand for industrial gases from various expanding end-use industries.
The South America region is expected to perform well during the forecast period due to the presence of abundant and untapped opportunities for the consumption of industrial gases within the region. Increased governmental efforts to scale up the production of these gases can further aid regional market growth.
COVID-19 Impact
The occurrence of the COVID-19 pandemic brought the world together to a standstill and has impacted several industries severely. Oil & gas is one such industry that has got negatively impacted by this pandemic. Lockdown followed by factory shutdowns led to disruptions in the production of industrial gases which impacted their prices and sales. The slowdown in the industry and declined prices led to huge losses in the sector. However, industry players and the government are making efforts to re-establish pre-COVID-19 operations to mitigate the crisis that has occurred in the global market.
Key Vendor Takeaway
The leading players of the industry include Messer Group, The Linde Group, Dubai Industrial Gases, Mohsin Haider Darwish LLC, Air Liquide, Gulf Cryo, Air Products & Chemicals Inc., Universal Industrial Gases, Bristol Gases, and BASF SE among others.
The global market is greatly consolidated due to the dominance of a limited number of players in the international market. The market players are constantly working on improving their production capabilities through partnerships, mergers, and acquisitions. For instance, in 2019, two leading industry players- Linde and Praxair merged together to strengthen their position in the global market. The merged entity is recognized as Linde.
The market size and forecast for each segment has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INDUSTRIAL GAS MARKET KEY PLAYERS
- The Linde Group
- Messer Group
- Dubai Industrial Gases
- Mohsin Haider Darwish LLC
- Air Liquide
- Air Products and Chemicals Inc.
- Universal Industrial Gases
- Gulf Cryo
- Taiyo Nippon Sanso
- Southern Company Gas
- Bristol Gases
- Air Products
- BASF SE
- Praxair Inc.
GLOBAL INDUSTRIAL GAS MARKET, BY GAS TYPE
- Nitrogen
- Oxygen
- Carbon dioxide
- Hydrogen
- Others
GLOBAL INDUSTRIAL GAS MARKET, BY END-USE INDUSTRY
- Food & Beverage
- Manufacturing
- Healthcare
- Chemicals
- Others
GLOBAL INDUSTRIAL GAS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- South Africa
- UAE
- Rest of MEA
TABLE OF CONTENT
1. INDUSTRIAL GAS MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Gas Type
2.1.2. Market Snippet by End-use Industry
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. INDUSTRIAL GAS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. INDUSTRIAL GAS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. INDUSTRIAL GAS MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. INDUSTRIAL GAS MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. INDUSTRIAL GAS MARKET – BY GAS TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Gas Type, 2020 & 2027 (%)
7.2. Nitrogen
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Oxygen
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.4. Carbon dioxide
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.5. Hydrogen
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.6. Others
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. INDUSTRIAL GAS MARKET – BY END-USE INDUSTRY
8.1. Overview
8.1.1. Segment Share Analysis, By End-use Industry, 2020 & 2027 (%)
8.2. Food & Beverage
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Manufacturing
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Healthcare
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Chemicals
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.6. Others
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. INDUSTRIAL GAS MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
1.1.1.1. Canada Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
1.1.1.2. Canada Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.7. France
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. France Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.7.4. France Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.9. Spain
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. Spain Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.9.4. Spain Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.10. Italy
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Italy Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.10.4. Italy Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.3.10.5.
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.11.3. Rest of the Europe Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.3.11.4. Rest of the Europe Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4.9. Australia
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Australia Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.9.4. Australia Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.10.3. Rest of APAC Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.4.10.4. Rest of APAC Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.5.8.5.
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.6.6. South Africa
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. South Africa Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.6.6.4. South Africa Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.6.7. UAE
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. UAE Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.6.7.4. UAE Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
9.6.8. Rest of ME&A
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of ME&A Market Size and Forecast, By Gas Type, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of ME&A Market Size and Forecast, By End-use Industry, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. The Linde Group
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Messer Group
10.2.3. Dubai Industrial Gases
10.2.4. Mohsin Haider Darwish LLC
10.2.5. Air Liquide
10.2.6. Air Products and Chemicals Inc.
10.2.7. Universal Industrial Gases
10.2.8. Gulf Cryo
10.2.9. Taiyo Nippon Sanso
10.2.10. Southern Company Gas
10.2.11. Bristol Gases
10.2.12. Air Products
10.2.13. BASF SE
10.2.14. Praxair Inc
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
