Industrial Gases Market Size, Share, Growth Report And Outlook Analysis By 2032
The global industrial gases market size is expected to grow from $91.19 billion in 2022 to $97.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of industrial gases market is expected to reach $127.72 billion in 2027 at a CAGR of 6.9%.
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Major players in the industrial gases market are BASF SE, Linde plc, Air Liquide S.A., Atlas Copco, The Southern Gas Ltd., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Ingersoll Rand, Iwatani Corporation, National Gases Ltd., Matheson Tri-Gas Inc., Sicgil Industrial Gases, SOL S.p.A., Messer Group GmbH, Horiba Ltd., Praxair Technology Inc., Gulf Cryo LLC, Norco Inc., Greco Gas, Western International Gas & Cylinders Inc., Holston Gases Inc., Indiana Oxygen Company, Weldstar, Sutton-Garten Co., Butler Gas Products Company, Eureka Oxygen Co, and American Gas Products.
Innovations in gas mixtures are a key trend gaining popularity in the industrial gases market. Major companies operating in the industrial gases market are innovating new gas mixtures to sustain their position in the market. For instance, in September 2020, Linde plc, a UK-based company that develops innovative industrial gases, launched ADDvance Sinter250, a new gas mixture to deliver optimal atmospheric conditions in sintering furnaces. This advanced argon/hydrogen mixture targets European customers using Desktop Metal's Studio System for office-friendly metal 3D printing. This ensures high-quality, high-strength parts by maintaining the correct atmospheric conditions during printing.
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The Industrial Gases market is segmented -
1) By Product: Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, Argon
2) By Application: Packaging, Coolant, Carbonation, Cryogenic, Cutting And Welding, Laboratory, Air Separation, Other Applications
3) By Distribution: On-Site, Bulk, Cylinder
4) By End User: Metallurgy, Healthcare, Chemical, Food And Beverage, Oil And Gas, Power, Pulp And Paper, Electronics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Gases market.
The Business Research Company's "Global Industrial Gases Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Gases Market Include:
1. Executive Summary
2. Industrial Gases Market Characteristics
3. Industrial Gases Market Trends And Strategies
4. Industrial Gases Market - Macro Economic Scenario
5. Industrial Gases Market Size And Growth
26. Africa Industrial Gases Market
27. Industrial Gases Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Gases Market
29. Industrial Gases Market Future Outlook and Potential Analysis
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