Industrial Gases Market Overview

Industrial Gases Market share is expected to grow at a significant CAGR of 6.16% during the projected period.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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The rise in the consumption of crude oil consumption and its refinement has created new opportunities for the industrial gases industry.  Due to the pollution in the environment, the requirement of refining the crude form came into existence.  Many people are looking for alternatives to traditional preservations in the food sector.  This has increased the development opportunities of industrial gas related to the food sector. The usage of gases like oxygen, nitrogen, and carbon-di-oxide is increasing in the medical sector.  Oxygen present in excess quantity in lungs or body tissue is removed during surgery and an artificial breathing facility is provided to the patient. The oxygen demand was more during the pandemic situation of COVID’19. Carbon-di-oxide in combination with oxygen for respiratory stimulations.  Nitrogen is utilized to find out the individual's capacity to withstand the simulated airplane cabin environment. It is done as a part of lung diagnostics.

Market Segmentation

The industrial gas market can be segmented based on application, type, end-users, and regions.  According to the application category, the market is further divided into segments like Chemicals, Pharma, Biotech, healthcare, automotive, metallurgy, and aerospace.  The type category is divided into segments like Oxygen, carbon-di-oxide, Helium, Acetylene, Nitrogen, Argon, and Hydrogen. The end-user category consists of segments like cylinder, on-site, and bulk.  The regional category consists of segments like Europe, Asia-Pacific, North America, and the Rest of the world.

Regional Classification

According to the regional category, Asia-Pacific is dominating the market because of the huge demand for quality gas solutions in the aerospace sector.  According to the type category, the demand for the oxygen segment is more and this contributes to the maximum share of the market. All other categories have their respective contribution to the market growth.

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Key players:

The prominent players that are operating in the global industrial gases market are Air Liquide S.A., Linde AG, Air Products, Praxair Inc., BASF, Gulf Cryo, Airgas Inc., Air Products and Chemicals inc., Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases Ltd., Messer Group GmbH, The Southern Gas Ltd., MATHESON Tri-Gas Inc., Cryotech Anlagebau GmbH, Abdullah Hashim Industrial Gases Equipment Co. Ltd., Mohsin Haider Darwish LLC, Bhuruka Gases Ltd., Asia Technical Gas Co (PTE) LTD (ATG), Buzwair Industrial Gases Factory, Bristol Gases – Concorde Corodex Group, National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Yateem Oxygen, Dubai Industrial Gases, India Glycols Ltd., Tripti Gases Pvt. Limited, SICGIL India Limited, Ellenbarrie Industrial Gases Ltd., and Goyal MG Gases Pvt. Ltd.