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Global Industrial Gases Market by Distribution (On-site, Cylinder), by Application (Manufacturing, Healthcare), by Product (Nitrogen, Oxygen) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-73303
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 95
  • No. Of Pages: 229
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global industrial gases market value was USD 92.0 billion in 2020. It is expected to grow at a compound annual rate (CAGR of 6.0%) between 2021 and 2028. The market's growth is due to the expanding manufacturing industry in Asia Pacific. In the future, the market will be influenced by increasing industrialization and urbanization as well as the increased use of industrial gases in many industries such healthcare, metals, mining and food and beverage. Due to the demand for flat panels, semiconductors and printed electronics, industrial gas applications are experiencing strong growth.

In the electronics industry, industrial gases like nitrogen trifluoride, sulfur hexafluoride, (SF6), and silane (SiH4) can be used to produce and develop flat panel displays, compound semiconductors, advanced components, and silicon wafers. This growing use makes industrial gases essential for the electronic industry's innovation and product design.

This market is expected to grow because of the increased use of industrial gas for manufacturing semiconductors, displays, LED solid state lighting, wafers and polysilicon. Global investments are attracted to clean energy, primarily solar PV. These gases significantly reduce manufacturing costs and are expected to be more widely used in the future.

Globally, industrial production is growing and will continue to grow. The aerospace, metal and mining industries are experiencing a growing demand for various industrial gases. There are also many market opportunities due to the significant growth in North America's food and beverage, pharmaceutical, and Asian Pacific industries.

Due to the closure of industries in states that have been severely affected by COVID-19, industrial-grade carbon dioxide demand has been lower. The demand for carbon dioxide has been higher than that of medical and firefighting applications. Due to the increasing demand for medical-grade CO2 in recent years, there has been a significant increase in the number of COVID centers in the country.

Product Insights

In 2020, Oxygen accounted for 28.1% of the total revenue. It has been shown to increase the fuel's thermal efficiency. It is used for treating polluted water, hazardous wastes, and to gasify coal. In order to reduce pollution, the gas can be used to replace chlor in pulp and paper industries. The medical industry also has large uses for oxygen. In the future, industrial oxygen will be in high demand because of the widespread application of oxygen across many industries.

In 2020, nitrogen gas accounted for the second largest revenue share and is expected to grow at the fastest rate between 2021 and 2028. Due to the rapidly growing healthcare and pharmaceutical industries in North America and Asia Pacific, nitrogen gas is widely used in the sector. This will drive the segment's growth in the future.

The forecast period will see significant increases in carbon dioxide due to increased use of carbon dioxide in gas-based enhanced oil recover in countries like the U.S. and Canada. Additionally, fluctuations in crude oil prices as well as an increase in mature wells worldwide will lead to a significant rise in the use of enhanced oil recovery to improve the efficiency of oil production.

Distribution Insights

In 2020, the cylinder (merchants) segment had 36.9% of the revenue. This segment also includes gases distributed as packaged cylinders (high pressure gas or low-pressure liquid). However, this distribution method is not suitable for customers who have a low demand for industrial gases. Gases such as hydrogen, oxygen, helium and argon can be easily compressed into a cylindrical for cylinder distribution at pressures up to 300 bar. Many gases can also be supplied at room temperature in their liquid state.

Over the forecast period, the fastest growth is expected in the on-site segment. On-site includes the installation of a filing station at the company's plant or elsewhere. This distribution method is used to supply large quantities of gases at different pressures and states. The market for hydrogen is expected to grow significantly because of the elimination of many problems associated with the transportation and distribution. Because of the affordability of new technologies, on-site hydrogen generation has become more popular in small-scale industries.

Application Insights

Manufacturing applications accounted for 26.2% of the total revenue in 2020. This segment is expected to see significant growth over the forecast period. Due to the growth of the manufacturing industries in India, China and South Korea, the demand for industrial gases such as nitrogen, oxygen and carbon dioxide is expected to grow significantly in developing countries. This segment is expected to grow due to the increasing demand for advanced industrial gasses in the electronic sector.

Over the forecast period, the fastest growing segment in healthcare is expected to be the healthcare application segment. The ongoing COVID-19 epidemic has also driven demand for medical-grade industrial gasses, particularly oxygen. This market has strong growth potential due to an increase in global healthcare spending.

A wide variety of industrial gases are used in the food- and beverage industries. Industrial gases are used in many applications within the food industry. They include modified atmospheric packaging (MAP), chilling, freezing and controlling temperature during transport and storage. It is used primarily to preserve the quality and extend the shelf life of food products. It is also used to detect food quality in storage and processing. In the production of carbonated beverages, carbon dioxide is used by the beverage industry. Carbon dioxide that is food-grade and safe for consumption is an important ingredient in carbonated beverages. It helps to prevent mold growth and inhibit the growth of bacteria, depending on the carbonation level.

Regional Insights

Asia Pacific was responsible for 36.1% of the total revenue in 2020. It is expected to grow at the highest CAGR over the forecast period. The growth and expansion in end-use industries in China and South Korea can explain the increasing demand for industrial gas in Asia Pacific. These countries are key markets for industrial gas both globally and in the Asia Pacific.

China was the biggest country-level market for 2020. Asia Pacific saw the highest demand for industrial gas due to increased demand from the aerospace industry for high quality gas solutions. The forecast period will also see significant growth in the emerging economies of India and China's food, beverage, and pharmaceutical industries, which should create plenty of market opportunities.

The U.S. was the North American market's largest revenue contributor in 2020 and is expected to grow at the highest rate over the forecast period. The North American market will likely grow due to the growing electronic and healthcare industries. Market growth is also expected to be fueled by the expansion of the regional industrial sector.

Market Share Insights & Key Companies

Global market's competitiveness is due to numerous established entities that control large amounts of shares in different sectors of the industrial gas value chain. They also have multiple distribution channels for their products.

High transport costs result in customer density and less competition. Industry players compete on the basis of price, brand image and quality, as well as technology and distribution network. To achieve economies of scale, local businesses supply multinational companies in addition to their domestic sales. Due to the large number of competitors in the market, there has been fierce competition. To survive in this highly competitive global marketplace, companies must be innovative and develop multifunctional products. They also need to have efficient pricing and superior quality. There is moderate to high industry competition. The following are some of the major players in the global industrial gas market:

  • Air Liquide

  • Chemicals & Products for the Air

  • Messer Group

  • Taiyo Nippon Sso

  • The Linde Group

Up Market Research published a new report titled “Industrial Gases Market research report which is segmented by Distribution (On-site, Cylinder), by Application (Manufacturing, Healthcare), by Product (Nitrogen, Oxygen), By Players/Companies Air Products & Chemicals, Air Liquide, The Linde Group, Messer Group, Taiyo Nippon Sanso”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleIndustrial Gases Market Research Report
By DistributionOn-site, Cylinder
By ApplicationManufacturing, Healthcare
By ProductNitrogen, Oxygen
By CompaniesAir Products & Chemicals, Air Liquide, The Linde Group, Messer Group, Taiyo Nippon Sanso
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages229
Number of Tables & Figures161
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Industrial Gases Industry Outlook

Global Industrial Gases Market Report Segments:

The market is segmented by Distribution (On-site, Cylinder), by Application (Manufacturing, Healthcare), by Product (Nitrogen, Oxygen).

Industrial Gases Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Industrial Gases Market

Overview of the regional outlook of the Industrial Gases Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Industrial Gases Market Overview

Highlights of The Industrial Gases Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Industrial Gases Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Distribution:

                1. On-site

                2. Cylinder

        7. By Application:

                1. Manufacturing

                2. Healthcare

        8. By Product:

                1. Nitrogen

                2. Oxygen

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Gases Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Industrial Gases Market Trends

Reasons to Purchase the Industrial Gases Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Gases Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Industrial Gases Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Industrial Gases Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Industrial Gases Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Industrial Gases Market Size & Forecast, 2018-2028 
      4.5.1 Industrial Gases Market Size and Y-o-Y Growth 
      4.5.2 Industrial Gases Market Absolute $ Opportunity 


Chapter 5 Global Industrial Gases Market Analysis and Forecast by Distribution
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Distribution
      5.1.2 Basis Point Share (BPS) Analysis by Distribution
      5.1.3 Absolute $ Opportunity Assessment by Distribution
   5.2 Industrial Gases Market Size Forecast by Distribution
      5.2.1 On-site
      5.2.2 Cylinder
   5.3 Market Attractiveness Analysis by Distribution

Chapter 6 Global Industrial Gases Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Industrial Gases Market Size Forecast by Application
      6.2.1 Manufacturing
      6.2.2 Healthcare
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Industrial Gases Market Analysis and Forecast by Product
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Product
      7.1.2 Basis Point Share (BPS) Analysis by Product
      7.1.3 Absolute $ Opportunity Assessment by Product
   7.2 Industrial Gases Market Size Forecast by Product
      7.2.1 Nitrogen
      7.2.2 Oxygen
   7.3 Market Attractiveness Analysis by Product

Chapter 8 Global Industrial Gases Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Industrial Gases Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Industrial Gases Analysis and Forecast
   10.1 Introduction
   10.2 North America Industrial Gases Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Industrial Gases Market Size Forecast by Distribution
      10.6.1 On-site
      10.6.2 Cylinder
   10.7 Basis Point Share (BPS) Analysis by Distribution 
   10.8 Absolute $ Opportunity Assessment by Distribution 
   10.9 Market Attractiveness Analysis by Distribution
   10.10 North America Industrial Gases Market Size Forecast by Application
      10.10.1 Manufacturing
      10.10.2 Healthcare
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application
   10.14 North America Industrial Gases Market Size Forecast by Product
      10.14.1 Nitrogen
      10.14.2 Oxygen
   10.15 Basis Point Share (BPS) Analysis by Product 
   10.16 Absolute $ Opportunity Assessment by Product 
   10.17 Market Attractiveness Analysis by Product

Chapter 11 Europe Industrial Gases Analysis and Forecast
   11.1 Introduction
   11.2 Europe Industrial Gases Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Industrial Gases Market Size Forecast by Distribution
      11.6.1 On-site
      11.6.2 Cylinder
   11.7 Basis Point Share (BPS) Analysis by Distribution 
   11.8 Absolute $ Opportunity Assessment by Distribution 
   11.9 Market Attractiveness Analysis by Distribution
   11.10 Europe Industrial Gases Market Size Forecast by Application
      11.10.1 Manufacturing
      11.10.2 Healthcare
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application
   11.14 Europe Industrial Gases Market Size Forecast by Product
      11.14.1 Nitrogen
      11.14.2 Oxygen
   11.15 Basis Point Share (BPS) Analysis by Product 
   11.16 Absolute $ Opportunity Assessment by Product 
   11.17 Market Attractiveness Analysis by Product

Chapter 12 Asia Pacific Industrial Gases Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Industrial Gases Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Industrial Gases Market Size Forecast by Distribution
      12.6.1 On-site
      12.6.2 Cylinder
   12.7 Basis Point Share (BPS) Analysis by Distribution 
   12.8 Absolute $ Opportunity Assessment by Distribution 
   12.9 Market Attractiveness Analysis by Distribution
   12.10 Asia Pacific Industrial Gases Market Size Forecast by Application
      12.10.1 Manufacturing
      12.10.2 Healthcare
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application
   12.14 Asia Pacific Industrial Gases Market Size Forecast by Product
      12.14.1 Nitrogen
      12.14.2 Oxygen
   12.15 Basis Point Share (BPS) Analysis by Product 
   12.16 Absolute $ Opportunity Assessment by Product 
   12.17 Market Attractiveness Analysis by Product

Chapter 13 Latin America Industrial Gases Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Industrial Gases Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Industrial Gases Market Size Forecast by Distribution
      13.6.1 On-site
      13.6.2 Cylinder
   13.7 Basis Point Share (BPS) Analysis by Distribution 
   13.8 Absolute $ Opportunity Assessment by Distribution 
   13.9 Market Attractiveness Analysis by Distribution
   13.10 Latin America Industrial Gases Market Size Forecast by Application
      13.10.1 Manufacturing
      13.10.2 Healthcare
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application
   13.14 Latin America Industrial Gases Market Size Forecast by Product
      13.14.1 Nitrogen
      13.14.2 Oxygen
   13.15 Basis Point Share (BPS) Analysis by Product 
   13.16 Absolute $ Opportunity Assessment by Product 
   13.17 Market Attractiveness Analysis by Product

Chapter 14 Middle East & Africa (MEA) Industrial Gases Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Industrial Gases Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Industrial Gases Market Size Forecast by Distribution
      14.6.1 On-site
      14.6.2 Cylinder
   14.7 Basis Point Share (BPS) Analysis by Distribution 
   14.8 Absolute $ Opportunity Assessment by Distribution 
   14.9 Market Attractiveness Analysis by Distribution
   14.10 Middle East & Africa (MEA) Industrial Gases Market Size Forecast by Application
      14.10.1 Manufacturing
      14.10.2 Healthcare
   14.11 Basis Point Share (BPS) Analysis by Application 
   14.12 Absolute $ Opportunity Assessment by Application 
   14.13 Market Attractiveness Analysis by Application
   14.14 Middle East & Africa (MEA) Industrial Gases Market Size Forecast by Product
      14.14.1 Nitrogen
      14.14.2 Oxygen
   14.15 Basis Point Share (BPS) Analysis by Product 
   14.16 Absolute $ Opportunity Assessment by Product 
   14.17 Market Attractiveness Analysis by Product

Chapter 15 Competition Landscape 
   15.1 Industrial Gases Market: Competitive Dashboard
   15.2 Global Industrial Gases Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Air Products & Chemicals
      15.3.2 Air Liquide
      15.3.3 The Linde Group
      15.3.4 Messer Group
      15.3.5 Taiyo Nippon Sanso
Segments Covered in the Report
The global Industrial Gases market has been segmented based on

By Distribution
  • On-site
  • Cylinder
By Application
  • Manufacturing
  • Healthcare
By Product
  • Nitrogen
  • Oxygen
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Air Products & Chemicals
  • Air Liquide
  • The Linde Group
  • Messer Group
  • Taiyo Nippon Sanso

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