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Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global industrial gases market was worth US$ 80.2 Billion in 2019. Industrial gases refer to the gases produced in large quantities for usage in industrial processes. Depending on their application in different sectors, these gases are also known as fuel, medical, refrigerant, or specialty gases. Some of the industrial gases, such as oxygen and helium, provide a base for life support for artificially ventilated patients and modern anesthetic techniques. Hydrogen is used in the transportation industry and oxygen in gasification plants, hospitals and steel manufacturing plants. In addition, liquid helium is utilized in magnetic resonance imaging (MRI) equipment to cool down superconductive magnet coil scanners.

In recent years, technological innovations in the usage of various industrial gases have bolstered the growth of the market. For instance, liquid oxygen and hydrogen are being used in propellants to launch rockets that carry broadcast, communications and meteorological satellites into space. Apart from this, the leading companies are investing in research and development activities (R&D) to develop new and improved methods to produce and distribute industrial gases across the globe. Moreover, several international non-profit organizations, such as the European Industrial Gases Association, provide manufacturers with expert advice on the production, transport, storage and utilization of industrial gases. They also promote consistency of safety, health, environmental and technical standards throughout the industrial gas industry. However, the demand and production of industrial gases are being affected by the spread of the coronavirus disease (COVID-19), which has led to a slow-down in the commercial, transportation and industrial activities. Looking forward, IMARC Group expects the market value to reach US$ 116.3 Billion by 2025, at a CAGR of 6.4% over the forecast period (2020-2025).

Breakup by Type:

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Argon
  • Hydrogen
  • Others

On the basis of the type, nitrogen is the most popular type of industrial gas. It is extensively utilized in applications such as lasing gas mixture, petrochemicals for instrumentation, calibration gases and in both controlled and modified atmospheric packaging solutions.

Breakup by Application:

  • Manufacturing
  • Metallurgy
  • Energy
  • Chemicals
  • Healthcare
  • Others

Manufacturing applications currently account for the largest market share, as industrial gases are widely used in the medical, electronics, automotive, marine and textile industries.

Breakup by Supply Mode:

  • Packaged
  • Bulk
  • On-site

Nowadays, packaged industrial gases dominate the market, accounting for the majority of the overall market share. They are available in a wide range of sizes, from small portable packages to large cylinders, which offer versatility, flexibility and mobility.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Region-wise, Asia Pacific holds the leading position in the market. This can be accredited to the growing population and advancements in the medical and healthcare, and food and beverage industries across the region.

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Air Liquide S.A., Linde Group, Praxair, Inc., Air Products and Chemicals, Inc., and Airgas, Inc.

Key Questions Answered in This Report:

  • How has the market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What are the various application segments in the market?
  • Which are the several product types in the market?
  • Which are the major supply modes in the market?
  • What are the various stages in the value chain of the market?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the market and who are the key players?
  • What is the degree of competition in the market?
  • 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    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Supply Mode
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Distribution
        5.10.6    Export
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    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$), 2014-2019
Figure 3: Global: Industrial Gases Market: Breakup by Type (in %), 2019
Figure 4: Global: Industrial Gases Market: Breakup by Application (in %), 2019
Figure 5: Global: Industrial Gases Market: Breakup by Supply Mode (in %), 2019
Figure 6: Global: Industrial Gases Market: Breakup by Region (in %), 2019
Figure 7: Global: Industrial Gases Market Forecast: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 12: Global: Industrial Gases (Nitrogen) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Industrial Gases (Oxygen) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Industrial Gases (Oxygen) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Industrial Gases (Carbon Dioxide) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Industrial Gases (Carbon Dioxide) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Industrial Gases (Argon) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Industrial Gases (Argon) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Industrial Gases (Hydrogen) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Industrial Gases (Hydrogen) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Industrial Gases (Other Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Industrial Gases (Other Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Industrial Gases (Applications in Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Industrial Gases (Applications in Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Industrial Gases (Applications in Metallurgy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Industrial Gases (Applications in Metallurgy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Industrial Gases (Applications in Energy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Industrial Gases (Applications in Energy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Industrial Gases (Applications in Chemicals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Industrial Gases (Applications in Chemicals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Industrial Gases (Applications in Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Industrial Gases (Applications in Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Industrial Gases (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Industrial Gases (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Industrial Gases (Packaged Supply Mode) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Industrial Gases (Packaged Supply Mode) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Industrial Gases (Bulk Supply Mode) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Industrial Gases (Bulk Supply Mode) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Industrial Gases (On-Site Supply Mode) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Industrial Gases (On-Site Supply Mode) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: North America: Industrial Gases Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: North America: Industrial Gases Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Europe: Industrial Gases Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Europe: Industrial Gases Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Asia Pacific: Industrial Gases Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Asia Pacific: Industrial Gases Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Latin America: Industrial Gases Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Latin America: Industrial Gases Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Middle East and Africa: Industrial Gases Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Middle East and Africa: Industrial Gases Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 3: Global: Industrial Gases Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 4: Global: Industrial Gases Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Industrial Gases Market Forecast: Breakup by Supply Mode (in Million US$), 2020-2025
Table 6: Global: Industrial Gases Market Forecast: Breakup by Region (in Million US$), 2020-2025
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

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