As per this study the Global Industrial Gas Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XX.X KT in 2019 and is expected to reach XX.X KT by 2026 with a CAGR of X.X%.
Industrial gases can be referred to as liquefied gaseous materials that are used to carry out essential processes across all industries. These gases act as an intermediate, raw material, or catalyst to increase the performance, quality or the productivity of the outcome. Industrial gases have a wide array of application across all industry including pharmaceutical, manufacturing, metal & mining, oil & gas, chemical, energy and many more.
The growing demand from automotive, pharmaceutical, metalworking, manufacturing, chemical and others are driving the market growth. Rising funding for metal fabrication across automotive and aerospace industry is also fueling the market growth. Rising demand from the healthcare sector for various therapies, calibration, culture growth, and disease diagnosis requirements are further boosting the market growth. However, the high cost of transportation and storage followed by strict environmental mandates may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial gas.
The broad industrial gas market has been sub-grouped into gas type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Gas Type
- Carbon Dioxide
- Metals & Metallurgy
- Pharma & Biotech
- Automotive & Aerospace
- Pulp & Paper
- Food & Beverage
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial gas in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Industrial Gas Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial gas market include Air Gas And Chemicals Inc., Air Liquide S.A, Bhuruka Gases Ltd., Ellenbarrie Industrial Gases Ltd., India Glycols Ltd., Matheson Tri-Gas Inc., Praxair Inc., SICGIL India Limited, The Linde Group, The Southern Gas Ltd. and Tripti Gases Pvt. Ltd. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.