Global Industrial Gases Market: Industry Analysis and Forecast (2019-2027)

 Global Industrial Gases Market was valued at US$ 79.73 Bn in 2019 and is expected to reach US$ 128.45 Bn by 2027, at a CAGR of around 6.14 % during a forecast period.


The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



Consumers are becoming more health-conscious and preferring safe and fresh food with fewer additives, which is increasing the demand for industrial gases that can be used in place of the chemical ingredients. Thus, on account of the growth in food & beverage industry, the market for the industrial gases is expanding. Also, Ggrowing demand for high-grade industrial gases in healthcare is also a significant driver for the market. Thus, the wide applications of industrial gases in healthcare sector is boosting the market for industrial gases.

The stringent laws and regulations related to the manufacturing, storage, and distribution of industrial gases tend to decline the profit margin for the companies. And also the cost involved in the storage of industrial gases is very high. So, these factors can be a possible obstacle to the growth of the market.

According to gas type, oxygen is one of the largest used gas across various industries including steel, chemical, paper and pulp, and other industries. In the recent years, oxygen is finding increasing application in treating sewage and effluent from several industries.

Leading market players are adopted the main strategies such as new product launches, mergers & acquisitions, investments, and partnerships & expansions to ensure their growth in the market.

Globally, Asia Pacific is the largest regional market for industrial gases because of growth of several associated end-user industries in this region. Asia Pacific, apart from being the largest market, is anticipated to be the fastest growing regional market for industrial gases. In terms of demand, Asia Pacific was followed by North America and Europe. Though, these regional markets are expected to lose out some of their market share to the other developing markets such as Asia Pacific and Latin America.

The report presents in-depth analysis of the competitive landscape, taking into consideration the market shares of the prominent companies. It also offers information on unit shipments. These provide the key market contributors with the necessary business intelligence and help them understand the future of the industrial gases. The assessment comprises the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the trends, demands, drivers, challenges, and product analysis.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global industrial gases market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global industrial gases market.
Scope of Global Industrial Gases Market

Global Industrial Gases Market, By Gas Type

• Oxygen
• Nitrogen
• Hydrogen
• Argon
• Acetylene
• Helium
• Carbon Dioxide
Global Industrial Gases Market, By Function

• Coolant
• Intermediate
• Insulators
• Others
Global Industrial Gases Market, By Transportation Mode

• Cylinder & packaged gas distribution
• Merchant liquid distribution
• Tonnage distribution Generation
Global Industrial Gases Market, By End-use Sector

• Metal manufacturing & fabrication
• Chemical
• Healthcare
• Energy
• Food & Beverage
• Electronics
• Others (mining, construction and power)
Global Industrial Gases Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Industrial Gases Market

• Praxair Inc. (U.S.)
• Airgas, Inc. (U.S.)
• Air Liquide S.A. (France)
• Air Products and Chemicals Inc. (U.S.)
• Iwatani Corporation (Japan)
• Messer Group (Germany)
• The Linde Group (U.S.)
• Southern Industrial Gas SDN. BHD. (Malaysia)
• nexAir LLC. (U.S.)
• Taiyo Nippon Sanso Corporation (Japan)
• Sig Gases Berhad
• BASF SE
• Yingde Gases Group Company Limited
• Yateem Oxygen
• Buzwair Industrial Gases Factory
• Dubai Industrial Gases
• Ellenbarrie Industrial Gases Ltd.
• Bristol Gases – Concorde Corodex Gr
• SICGIL INDIA LIMITED
• Gulf Cryo

Comments

Post a Comment

Popular posts from this blog

From Silicon to Synapses: Neuromorphic Computing's Impact on AI

The anamorphic computing market is expected to be valued at USD 22,743 thousand in 2021 and is expected to reach USD 550,593 thousand by 2026, at a CAGR of 89.1% between 2021 and 2026. The need for better performing ICs, an increase in demand for artificial intelligence and machine learning, and an increasing number of cross-industry partnerships and collaborations are key factors driving the growth of the market. Artificial intelligence (AI) is being adopted in industries such as medical, media, entertainment, telecom, utility, aerospace, military, consumer devices, food & beverages, and piping. A combination of AI systems and machine learning is set to revolutionize the business environment with smart decisions. However, lack of knowledge about xeromorphic computing and complex algorithms increasing the complexity of designing hardware of endomorphic chips can act as a major challenge in the market during the forecast period. Intel dominated the anamorphic computing market Corp.
Read more

Cobots on the Rise: Collaborative Robots Powered by Artificial Intelligence

Image
  The integration of Artificial Intelligence (AI) in the manufacturing sector has brought about a transformative paradigm shift, revolutionizing traditional processes and ushering in the era of Industry 4.0. Artificial intelligence in manufacturing market has witnessed substantial growth, driven by the increasing demand for efficiency, precision, and automation across diverse manufacturing industries. One of the key drivers propelling the growth of AI in manufacturing is the pursuit of operational excellence. Manufacturers are leveraging AI technologies, including machine learning, computer vision, and robotics, to optimize production processes, enhance productivity, and reduce operational costs. AI-powered predictive analytics, for instance, allows manufacturers to anticipate equipment failures and schedule maintenance proactively, minimizing downtime and maximizing overall equipment effectiveness (OEE). Quality control is another critical area where AI is making significant inroads
Read more

Efficiency Unleashed: The Role of Artificial Intelligence in Modern Manufacturing

Artificial Intelligence In Manufacturing Market size is estimated to be valued at USD 3.2 billion in 2023 and is anticipated to reach USD 20.8 billion by 2028 One of the key drivers of AI in the manufacturing market is the increasing demand for automation and smart manufacturing. AI-powered systems enable manufacturers to automate complex tasks, streamline processes, and optimize production lines. This not only leads to cost savings but also enhances the quality and precision of manufacturing processes. Predictive maintenance is another critical application of AI in manufacturing . By leveraging machine learning algorithms and data analytics, manufacturers can predict when equipment is likely to fail, allowing for proactive maintenance measures. This approach minimizes downtime, reduces the risk of unexpected breakdowns, and extends the lifespan of machinery, ultimately contributing to cost-effectiveness. What is the Global Artificial Intelligence in manufacturing market size? I don’t
Read more