About Industrial Gas
Industrial gases are the gaseous materials that are manufactured for use in the various industry across the world. The contributions of the industrial gas industry go well beyond its direct economic footprint. Today industrial gases remain essential to the food and beverage industry. However, industries gases play a pivotal role in a multitude of other industries and products either directly or indirectly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.24% |
Competition among existing players is due to the Industrial Gas market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Gas Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Industrial Gas market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquide S.A. (France), Air Products and Chemicals, Inc. (United States), Linde Group (Ireland), Praxair Inc. (United Kingdom), Taiyo Nippon Sanso (Japan), AirGas (United States), Matheson Tri-Gas (United States), Cryotec Anlagenbau GmbH (Germany), Messer Group (Germany), Gulf Cryo (Kuwait), Air Water Inc. (Japan) and Goyal Group (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Gas market by Type (Packaged, Merchant and On-site), Application (Chemical and petrochemical industry, Oil and gas industry and Metal industry) and Region.
On the basis of geography, the market of Industrial Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Gas Type, the sub-segment i.e. Oxygen will boost the Industrial Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Advanced Technologies in Production of Gases by Manufacturers and The Growth in Investment in Research and Development to Develop New and Improved Methods to Produce and Distribute Industrial Gases.
Market Growth Drivers:
Consistent Demand in Petrochemical and Fertilizer Production and Increasing Use of Industrial Gas in Food & Beverages, Water Treatment and Healthcare Sector Globally
Challenges:
Environmental Concerns and Stringent Government Regulations
Restraints:
Most Capital-Intensive Industry
Opportunities:
The Growth in Demand of Industrial Gases in Steel and Electronics Industry
Market Leaders and their expansionary development strategies
In August 2021, Linde India has signed a Business Transfer Agreement today with HPS Gases Ltd., Vadodara to acquire its entire packaged gases business along with certain distribution assets with effect from 1 November 2021 for an aggregate cash consideration of Rs.275 million. As a part of this acquisition, the Company will enter into other agreements with HPS Gases Ltd., viz. Asset Purchase Agreement, Non-Compete Agreement and Agreement for Product Supply and Purchase. In line with these agreements, Linde India will supply liquid products to HPS Gases Ltd. and purchase gases in packaged and mini bulk from HPS Gases Ltd. under a long-term contract with them.
In December 2023, Honeywell recently announced the European launch of its 100% hydrogen-capable diaphragm gas meter. The Honeywell EI5 smart gas meter, which has been successfully piloted in the Netherlands, is part of a broader initiative to align with the region’s goals outlined in the European Green Deal.
"The European Industrial Gases Association, EIGA, is a safety and technically oriented organisation representing the vast majority of European and a number of non-European companies producing and distributing industrial, medical and food gases. The member companies closely co-operate in safety and technical matters concerning production, transport, storage and application to achieve the highest level of safety and environmental care in the handling of gases. EIGA also initiates the development of appropriate standards and provides standardisation bodies with technological expertise."
Key Target Audience
Industrial Gas Producers, Industrial Gas Suppliers/Distributors, Technology Providers, Government Regulatory Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.