Industrial Gases Market
Industrial Gases Market by Type (Nitrogen Oxygen Carbon Dioxide Argon Hydrogen) by Application (Oil and Gas, Chemical Industry, Power Industry, Mining Industry, Steelmaking) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
The global Industrial Gases market was valued at USD 92.0 Billion in 2020 and is projected to reach USD 146.6 Billion by 2028, growing at a CAGR of 6% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2026|
|Annual Market Size (2028)||146.6 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||6%|
Definition and Overview
Industrial gases are some specific gaseous materials that are manufactured for usage in industry. The primary gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene, although many other gases and compounds are also available in gas cylinders.
The global Industrial Gases market report provides exhaustive analysis on segments, regions/countries, companies, and such several strategic marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others. The report covers market size and estimations for each segment/region/country for the years 2016–2028. It provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. Moreover, the report includes a thorough analysis on competitive landscape comprising of extensive company profiles based on various parameters such as company overview, market revenue, business, product portfolio, and marketing strategies among others.
COVID-19 Impact Analysis
Outbreak of COVID-19 in 2020 compelled governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to restrict swift spread of COVID-19. However, these actions had a drastic impact on the global economy, as the companies across the globe were forced to either close or partially closed their operations, leading to supply chain disruptions and impairing of various industries. Moreover, in 2021 several key markets such as U.S., India, and Brazil among other witnessed second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Global Industrial Gases Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Type, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Air Liquide S.A., Yingde Gases Group Company Limited, Airgas Inc., Linde Group, Buzwair Industrial Gases Factories, Messer Group, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., BASF SE, Air Water Incorporation.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis|
The report delivers an acute breakdown of the market based on various segments such as Type, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Type, the market is divided into Nitrogen Oxygen Carbon Dioxide Argon Hydrogen. Virtual Appliance is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Oil and Gas, Chemical Industry, Power Industry, Mining Industry, Steelmaking. Healthcare attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Industrial Gases Market: Type Segment Analysis
- Nitrogen Oxygen Carbon Dioxide Argon Hydrogen
Global Industrial Gases Market: Application Segment Analysis
- Oil and Gas
- Chemical Industry
- Power Industry
- Mining Industry
Regional Analysis: Preview
Geographically, the global Industrial Gases market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. The regional analysis section provides extensive analysis on various factors impacting market growth such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. Moreover, the same section will provide your detailed qualitative as well as quantitative analysis for each region country comprising of market size and estimations for each region/country. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. Asia Pacific is anticipated to dominate the global market during upcoming years.
Market Size, 2021 (USD Billion)
Global Industrial Gases Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global Industrial Gases market are Air Liquide S.A., Yingde Gases Group Company Limited, Airgas Inc., Linde Group, Buzwair Industrial Gases Factories, Messer Group, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., BASF SE, Air Water Incorporation.. The global Industrial Gases market report analyzes competitive scenario in detail that includes extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. In addition to that, the report also covers company market share for the year 2020 along with in depth strategic developments.
Global Industrial Gases Market: Key Highlights
- The global Industrial Gases market was valued at USD 92.0 Billion in 2020.
- The global Industrial Gases Market is projected to reach USD 146.6 Billion by 2028
- is fueling the market growth
- Asia Pacific held the highest share of the Industrial Gases market in 2020.
- Some of the major companies operating in the Industrial Gases market are Air Liquide S.A., Yingde Gases Group Company Limited, Airgas Inc., Linde Group, Buzwair Industrial Gases Factories, Messer Group, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., BASF SE, Air Water Incorporation..
Frequently Asked Questions
the global demand for Industrial Gases
in terms of revenue?
The global Industrial Gases valued at 92.0 Billion in 2020 and is expected to reach 146.6 Billion in 2028 growing at a CAGR of 6%
are the prominent players
in the market?
The prominent players in the market are Air Liquide S.A., Yingde Gases Group Company Limited, Airgas Inc., Linde Group, Buzwair Industrial Gases Factories, Messer Group, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., BASF SE, Air Water Incorporation..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Industrial Gases include
- Increase in the usage of industrial gas for gas-based enhanced oil recovery is driving factor for Industrial Gases Market.
- Reduce the manufacturing costs as easily avilablity of raw material is driving the need for Industrial Gases Market.
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Industrial Gases in 2020.