openPR Logo
Press release

Industrial Gases Market Will Reach USD 122.3 Bn by 2026

07-02-2021 02:41 PM CET | Industry, Real Estate & Construction

Press release from: AllTheResearch

The global industrial gases market was valued at USD 76.4 billion in 2018 and is expected to reach USD 122.3 billion in 2026, growing at a CAGR of 6.2% during the forecast period.

Request for Sample Copy for In-depth Industry Insight & Get Discount Upto 30% @

Growth in demand for specialty chemicals due to the global expansion of industrialization has led to an increase in demand for industrial gases. Industrial gasses are part of a special class of chemicals that apply to a wide range of applications in several end-use industries. The growing use of gas blanketing and cryogenics in the chemical and refining industries has been a key factor to drive the global industrial gas market over the last few decades. Industrial gases are used in several industries owing to their chemical properties like inertness and reactivity and physical properties like density, boiling point, and vapor pressure. For example, hydrogen is used in the transport industry; nitrogen in food preservation and electronics production; oxygen in gasification plants, hospitals, and steel production; etc.

The increase in demand for medical-grade gasses for the health care and medical sector due to the expansion of medical facilities worldwide is anticipated to fuel the market growth in Asia-Pacific and Latin America during the forecast period. In addition, growing urbanization and industrialization in the countries of Asia-Pacific and the Middle East is expected to boost the growth of industries such as food and beverage, transport, chemical and metal manufacturing, which in turn would increase demand for industrial gases. Moreover, Capacity expansion, combined with emerging innovative technologies such as molecular sieve separation, has created enormous opportunities for the industrial gas market and is expected to drive market expansion during the forecast period.

Growth in strict government rules for the manufacturing of industrial gases and use of industrial gases and the high transport and storage costs associated with these gases are expected to hamper the growth of the market during the forecast period.

Full Report Access with ToC @

Key Findings:

Based on the gas type, the oxygen segment is expected to grow at the CAGR of 8.1% during the forecast period.
Based on the end-use industry, in 2018, the metal manufacturing & fabrication segment is anticipated to lead the global market with 38% market share
Asia-Pacific accounted for 32% market share in the global industrial gases market in 2018
Recent News:

In June 2017, The Executive Board of Linde AG has signed an agreement with Praxair Inc. which governs the terms and conditions of the merger of equals between the two companies. The merger of these companies is referred as the 'New Linde' Group, which provides industrial gasses to a wide range of applications.
In November 2015, Air Liquide has acquired Airgas, in a deal worth of US$13 billion. The acquisition has increased Air Liquide's presence in the U.S. market, which is the largest industrial gas market in the world.

[4:51 PM] Poonam Falmari

For All Your Research Needs, Reach Out to Us:

Contact Name: Rohan S.


Phone: +1 (407) 768-2028

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial Gases Market Will Reach USD 122.3 Bn by 2026 here

News-ID: 2320362 • Views: 178

More Releases from AllTheResearch

Demand for 5G Antenna Market to Witness Rapid Surge During the Period 2021-2027
5G Antenna Market by Type (Switched Multi-Beam Antenna, Adaptive Array Antenna); by Technology (SIMO, MISO, MIMO); by Application (Mobile Phones, Factory Automation, IoT, Connected Vehicles, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 The Global 5G Antenna Market is an emerging market in the present years. The report covers the present and past market scenarios, market development patterns, and is likely
AI Sensors Market to Grow at CAGR of 36.5% Through 2021 to 2027
AI Sensors Market by Type (Case-based Reasoning, Ambient-intelligence, Neural Networks, Inductive Learning, Other); by Application (Biosensor, Health Monitoring, Maintenance and Inspection, Human-computer Interaction, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 AI Sensors Market was valued at USD 15.6 Billion in 2020 and is expected to reach USD 138.5 Billion by 2027, with a growing CAGR of 36.5% during the forecast
Last Mile Delivery Market Will Expand at CAGR of 18.9% by 2027
Last Mile Delivery Market by Vehicle (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), by Cargo (Dry Goods, Postal, Liquid Goods), by End User (Chemical, Pharmaceutical and Healthcare, FMCG, E-Commerce) by Region (North America, Europe, Asia-pacific, Rest of the World): Global Forecasts 2021 To 2027. The global Last Mile Delivery Market was valued at USD 18.7 Bn in 2020, and it is expected to reach USD 62.7 Bn by 2027,
Advanced Tire Market Will Expand at CAGR of 19.1% by 2027
The latest market research report “Advanced Tire Market By Material type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others); By Type (Pneumatic Tires, Run Flat Tires, Airless Tires); By Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires); By Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, Industrial Equipment); By Region, Opportunity Analysis and Industry Forecast, 2021–2027” published by AllTheResearch, features

All 5 Releases

More Releases for Air

Climacool Air Conditioning
Climacool Air Conditioning sells, installs, repairs and services air conditioning units in Sydney. The team of air conditioning professionals work in both domestic and commercial estates to ensure that you receive the quality and outstanding service that you deserve. Climacool Air Conditioning sells, installs, repairs and services air conditioning units in Sydney. The team of air conditioning professionals work in both domestic and commercial estates to ensure that you receive the
Air Suspension Systems Market
Air suspension systems are extensively used in heavy duty vehicles where they utilize pressure from compressed air for the vehicle’s braking system. As a result, the global air suspension systems market is expected to witness significant growth in 2018, reaching a market value of US$ 4,613.3 Mn at a Y-o-Y growth rate of 6.0% as compared to 2017. Furthermore, the global demand for air suspension systems will also be influenced
Air Defense System Market,
The air defense system are coming up with for mission, coordination of units whereas playacting combat missions, inserting intelligence statistics on the map and investigation of errors by retrieving the history module. The combat management system delivers associate degree accessible, services-based framework. Moreover, this technique conjointly directs correct and fast-reacting fusion, analysis and transmission of nice amounts of detector knowledge to ensure the economical readying of ships and different resources
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Systematically pure air
Amazone has integrated energy-saving torch welding extraction into the production Metal-processing companies can directly include the planning of ventilation systems when building a new hall. But what kind of extraction and filter technology can be successfully integrated into the existing production, which individually protects employees against emissions and is extremely energy-saving? This is the question that Hilmar Heitmann, project engineer at Amazone at the main production facility in Hasbergen-Gaste (close
Maximizing Air Conditioning Efficiency
Maximizing air conditioning efficiency is key to minimize its financial and environmental costs. Historically air conditioning has been unpopular in Europe simply because of the moderate climate and running costs, having said that, it is now becoming much more common across Europe and the UK. An air conditioner that does not work at its maximum efficiency levels can seriously effect the electricity consumption, it may be working fine with absolutely