Industrial gases refer to the gases produced in huge quantities for usage in a variety of industrial processes. They are prepared at ambient temperature and pressure, and supplied in both liquid and gaseous form. Depending on their uses in different sectors, these gases are also known as fuel gases, medical gases, refrigerant gases or speciality gases. Their chemical properties such as inertness or reactivity and physical properties such as density, boiling point and vapor pressure make them suitable for applications in several industries. For instance, hydrogen is used in the transportation industry; oxygen in gasification plants, hospitals and steel manufacturing; nitrogen in food preservation and the production of electronics; etc. The latest report by IMARC Group, titled “Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global industrial gases market reached a value of US$ 75 Billion in 2018.
Rising demand from the major end-use industries such as chemicals, petrochemicals, oil and gas, and energy has resulted in the development of the global industrial gases market. With rising environmental concerns, renewable resources are witnessing a growth worldwide, thereby facilitating the market. Apart from this, increasing urbanization and industrialization in the countries of Asia-Pacific and Middle East are expected to provide a thrust to industries such as food and beverages, transportation, chemical and metal fabrication, which in turn will amplify the demand for industrial gases. Additionally, improving economic scenario, climate control initiatives, increased energy demand and healthcare needs in both the developing and developed regions are projected to contribute in the expansion of the market. According to the report, the market is expected to reach a value of US$ 111 Billion by 2024, exhibiting a CAGR of 6.6% during 2019-2024.
The report has segmented the global industrial gases market on the basis of type, covering nitrogen, oxygen, carbon dioxide, argon and hydrogen. Nitrogen currently represents the largest type accounting for majority of the market share. The market is further analysed on the basis of key applications, which include manufacturing, metallurgy, energy, chemicals and healthcare. Manufacturing sector represents the largest application for industrial gases and currently holds the largest market share. Based on distribution channel, packaged supply accounts for the majority of the total sales, followed by bulk and on-site supply. Region-wise, Asia-Pacific is the major market, accounting for the largest share. Other regions include Middle East and Africa, North America, Europe and Latin America. Some of the key players operating in the market include Air Liquide S.A., Linde Group, Praxair, Inc., Air Products and Chemicals, Inc., and Airgas, Inc.
This report provides a deep insight into the global industrial gases market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the industrial gases industry in any manner.
Key Questions Answered in This Report:
- How has the global industrial gases market performed so far and how will it perform in the coming years?
- What are the key regions in the global industrial gases market?
- What are the key application segments in the global industrial gases market?
- Which are the major product types in the global industrial gases market?
- Which are the major supply modes in the global industrial gases market?
- What are the various stages in the value chain of the global industrial gases industry?
- What are the key driving factors and challenges in the global industrial gases industry?
- What is the structure of the global industrial gases industry and who are the key players?
- What is the degree of competition in the global industrial gases industry?
- How are industrial gases manufactured?
- What are the import and export trends of industrial gases?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Industrial Gases Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Application
5.5 Market Breakup by Supply Mode
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Distribution
5.9.6 Export
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Nitrogen
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Oxygen
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Carbon Dioxide
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Argon
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Hydrogen
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Manufacturing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metallurgy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Energy
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Chemicals
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Healthcare
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Supply Mode
8.1 Packaged
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bulk
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 On-Site
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Latin America
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Forecast
10 Imports and Exports
10.1 Imports by Major Countries
10.2 Exports by Major Countries
11 Industrial Gases Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Air Liquide S.A.
12.3.2 Linde Group
12.3.3 Praxair, Inc.
12.3.4 Air Products and Chemicals, Inc.
12.3.5 Airgas, Inc.
List of Figures
Figure 1: Global: Industrial Gases Market: Major Drivers and Challenges
Figure 2: Global: Industrial Gases Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Industrial Gases Market: Breakup by Type (in %), 2018
Figure 4: Global: Industrial Gases Market: Breakup by Application (in %), 2018
Figure 5: Global: Industrial Gases Market: Breakup by Supply Mode (in %), 2018
Figure 6: Global: Industrial Gases Market: Breakup by Region (in %), 2018
Figure 7: Global: Industrial Gases Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: Global Industrial Gases Industry: SWOT Analysis
Figure 9: Global Industrial Gases Industry: Value Chain Analysis
Figure 10: Global: Industrial Gases Industry: Porter’s Five Forces Analysis
Figure 11: Global: Industrial Gases (Nitrogen) Market: Sales Value (in Million US$), 2011 & 2018
Figure 12: Global: Industrial Gases (Nitrogen) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Industrial Gases (Oxygen) Market: Sales Value (in Million US$), 2011 & 2018
Figure 14: Global: Industrial Gases (Oxygen) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Industrial Gases (Carbon Dioxide) Market: Sales Value (in Million US$), 2011 & 2018
Figure 16: Global: Industrial Gases (Carbon Dioxide) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Industrial Gases (Argon) Market: Sales Value (in Million US$), 2011 & 2018
Figure 18: Global: Industrial Gases (Argon) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Industrial Gases (Hydrogen) Market: Sales Value (in Million US$), 2011 & 2018
Figure 20: Global: Industrial Gases (Hydrogen) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Industrial Gases (Other Types) Market: Sales Value (in Million US$), 2011 & 2018
Figure 22: Global: Industrial Gases (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Industrial Gases (Applications in Manufacturing) Market: Sales Value (in Million US$), 2011 & 2018
Figure 24: Global: Industrial Gases (Applications in Manufacturing) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Industrial Gases (Applications in Metallurgy) Market: Sales Value (in Million US$), 2011 & 2018
Figure 26: Global: Industrial Gases (Applications in Metallurgy) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Industrial Gases (Applications in Energy) Market: Sales Value (in Million US$), 2011 & 2018
Figure 28: Global: Industrial Gases (Applications in Energy) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Industrial Gases (Applications in Chemicals) Market: Sales Value (in Million US$), 2011 & 2018
Figure 30: Global: Industrial Gases (Applications in Chemicals) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Industrial Gases (Applications in Healthcare) Market: Sales Value (in Million US$), 2011 & 2018
Figure 32: Global: Industrial Gases (Applications in Healthcare) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Industrial Gases (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 34: Global: Industrial Gases (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Global: Industrial Gases (Packaged Supply Mode) Market: Sales Value (in Million US$), 2011 & 2018
Figure 36: Global: Industrial Gases (Packaged Supply Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Global: Industrial Gases (Bulk Supply Mode) Market: Sales Value (in Million US$), 2011 & 2018
Figure 38: Global: Industrial Gases (Bulk Supply Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Global: Industrial Gases (On-Site Supply Mode) Market: Sales Value (in Million US$), 2011 & 2018
Figure 40: Global: Industrial Gases (On-Site Supply Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: North America: Industrial Gases Market: Sales Value (in Million US$), 2011 & 2018
Figure 42: North America: Industrial Gases Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Europe: Industrial Gases Market: Sales Value (in Million US$), 2011 & 2018
Figure 44: Europe: Industrial Gases Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 45: Asia Pacific: Industrial Gases Market: Sales Value (in Million US$), 2011 & 2018
Figure 46: Asia Pacific: Industrial Gases Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 47: Latin America: Industrial Gases Market: Sales Value (in Million US$), 2011 & 2018
Figure 48: Latin America: Industrial Gases Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 49: Middle East and Africa: Industrial Gases Market: Sales Value (in Million US$), 2011 & 2018
Figure 50: Middle East and Africa: Industrial Gases Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 51: Global: Industrial Gases: Import Breakup by Country (in %)
Figure 52: Global: Industrial Gases: Export Breakup by Country (in %)
Figure 53: Industrial Gases Manufacturing: Detailed Process Flow
List of Tables
Table 1: Industrial Gases: General Properties
Table 2: Global: Industrial Gases Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Industrial Gases Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 4: Global: Industrial Gases Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Industrial Gases Market Forecast: Breakup by Supply Mode (in Million US$), 2019-2024
Table 6: Global: Industrial Gases Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Industrial Gases: Import Data by Country
Table 8: Global: Industrial Gases: Export Data by Country
Table 9: Industrial Gases Manufacturing: Raw Material Requirements
Table 11: Global: Industrial Gases Market: Competitive Structure
Table 12: Global: Industrial Gases Market: Key Players