Global industrial gas market is poised for significant expansion, driven by large-scale infrastructure projects and rising investments in the Asia Pacific region, according to a new report. This market research, titled "Industrial Gases Market - Global Industry Analysis, Market Size, Trends, Applications, and Forecast, 2024 - 2031," pinpoints China and India as key growth markets due to their anticipated surge in construction activities and mega infrastructure projects.
This product will be delivered within 1-3 business days.
Oxygen Takes Center Stage: Propelling Market Growth
Industrial oxygen, the most in-demand gas in this market, plays a vital role across various industries, with steel manufacturing and healthcare being the most prominent. Steel producers leverage oxygen to improve furnace performance, while the medical field relies on it for different treatment stages and in medical devices.The report underscores the rising demand for oxygen due to two key factors:
- Escalating Steel Production: The global increase in steel production presents a lucrative opportunity for industrial gas manufacturers to innovate and expand their product offerings.
- Expanding Healthcare Landscape: Growing healthcare expenditures worldwide are driving investments in improved services and infrastructure. This, coupled with an aging population and increasing demand for respiratory treatments, is expected to significantly fuel the demand for industrial gases.
F&B Industry: An Emerging Market for Industrial Gases
The publisher analysis identifies the Food and Beverage (F&B) industry as a rapidly growing target market for industrial gas manufacturers. As F&B companies source products from distant locations, they require modified environments for packaging and transportation. Industrial gases play a crucial role in creating these modified atmospheres. The report specifically highlights the growing demand for carbonated beverages as a substantial contributor to the overall market growth.Industrial Gas Market Segmentation: A Deep Dive
The Fairfield Market Research study segments the industrial gases market into three categories: gas type, application, and region. This comprehensive segmentation provides valuable insights into the market dynamics and growth factors associated with each segment:- Gas Type: This segment categorizes the various gases used in the market, including Oxygen, Nitrogen, Helium, Acetylene, Argon, Hydrogen, and Carbon Dioxide.
- Application: This segment focuses on the diverse applications of industrial gases across various industries, such as Metal Manufacturing and Fabrication, Healthcare, Automotive & Aerospace, Electronics, Energy, Oil & Gas, Food & Beverage, Pulp & Paper, Chemicals, Pharmaceutical & Biotechnology, and Other Industrial applications.
- Region: This segment provides a regional breakdown of the market, encompassing North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA).
Competitive Landscape: Consolidation and Strategic Expansion
The report characterizes the global industrial gases market as highly consolidated, with a limited number of major players. Tier-1 players hold a dominant share, accounting for roughly half of the market. These key players are constantly looking to enhance their manufacturing capabilities by expanding existing facilities. Additionally, securing strategic agreements and contracts with end-use industries for a steady supply of industrial gases is a major focus area for market leaders. The report cites the long-term contract signed by Air Liquide with Oman Oil Refineries and Petroleum Industries Company (Orpic) in April 2017 for supplying nitrogen to the Liwa Plastics Industries Complex (LPIC) as an example of such strategic expansion.Key Players:
- Air Liquide S.A.
- Linde plc
- Air Products and Chemicals, Inc.
- Taiyo Nippon Sanso Corporation
- Messer Group GmbH
- India Glycols Ltd.
- Abdullah Hashim Industrial Gases & Equipment Co. Ltd
- Yateem Oxygen
- Buzwair Industrial Gases Factory
- Dubai Industrial Gases
- Gulf Cryo
- Ellenbarrie Industrial Gases Ltd.
- Bristol Gases - Concorde Corodex Group
- SICGIL INDIA LIMITED
- Bhuruka Gases Ltd.
- National Industrial Gas Plants - Mohammed Hamad Al Mana Group
- The Southern Gas Ltd.
- Tripti Gases Pvt. Ltd.
- Mohsin Haider Darwish LLC
Global Industrial Gases Market is Segmented as Below:
By Gas Type
- Oxygen
- Nitrogen
- Helium
- Acetylene
- Argon
- Hydrogen
- Carbon Dioxide
By Application
- Metal Manufacturing and Fabrication
- Healthcare
- Automotive & Aerospace
- Electronics
- Energy, Oil, & Gas
- Food & Beverage
- Pulp & Paper
- Chemicals
- Pharmaceutical & Biotechnology
- Other Industrial
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Global Industrial Gases Market Outlook, 2018 - 2031
4. North America Industrial Gases Market Outlook, 2018 - 2031
5. Europe Industrial Gases Market Outlook, 2018 - 2031
6. Asia Pacific Industrial Gases Market Outlook, 2018 - 2031
7. Latin America Industrial Gases Market Outlook, 2018 - 2031
8. Middle East & Africa Industrial Gases Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Air Liquide S.A.
- Linde plc
- Air Products and Chemicals, Inc.
- Taiyo Nippon Sanso Corporation
- Messer Group GmbH
- India Glycols Ltd.
- Abdullah Hashim Industrial Gases & Equipment Co. Ltd
- Yateem Oxygen
- Buzwair Industrial Gases Factory
- Dubai Industrial Gases
- Gulf Cryo
- Ellenbarrie Industrial Gases Ltd.
- Bristol Gases – Concorde Corodex Group
- SICGIL INDIA LIMITED
- Bhuruka Gases Ltd.
- National Industrial Gas Plants - Mohammed Hamad Al Mana Group
- The Southern Gas Ltd.
- Tripti Gases Pvt. Ltd.
- Mohsin Haider Darwish LLC
Methodology
LOADING...