Press release
Industrial Gases Market Expected to Reach 157.63 Billion by 2030.
The ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 99.98 Billion in 2023 and the total Industrial Gases revenue is expected to grow at a CAGR of 6.72% from 2024 to 2030, reaching nearly USD 157.63 Billion by 2030.๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The industrial gases market is a vital component of various industries, offering essential gases such as oxygen, nitrogen, hydrogen, carbon dioxide, and argon for applications across sectors like healthcare, manufacturing, electronics, and energy. These gases are integral to processes such as metal fabrication, chemical production, food preservation, and medical therapy. The market is driven by technological advancements in gas production and distribution, coupled with increasing demand from end-use industries. Moreover, stringent environmental regulations and the need for cleaner energy solutions are fostering innovation within this space.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/30958/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
Key drivers propelling the industrial gases market include rising industrialization, rapid growth in the healthcare sector, and expanding applications in emerging industries such as renewable energy and electronics. The surge in demand for packaged and frozen food is boosting the use of gases like carbon dioxide and nitrogen in food preservation. Additionally, the increasing adoption of hydrogen in energy applications and advancements in gas delivery infrastructure are playing pivotal roles in expanding the market. These factors are complemented by growing investments in R&D to develop eco-friendly gas solutions.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Emerging trends in the industrial gases market include the integration of digital technologies for enhanced operational efficiency and monitoring, such as IoT-based tracking systems. The growing emphasis on sustainability is driving the development of green hydrogen and carbon capture technologies. Additionally, the use of industrial gases in advanced healthcare applications, such as in minimally invasive surgeries and respiratory support systems, is expanding. The increasing focus on customized gas solutions tailored to specific industry needs and the adoption of cryogenic storage and transportation methods are also shaping the future of this market.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/30958/ ๏ปฟ
๐๐๐ฒ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐ญ๐ง๐๐ฆ: Air Products has signed an agreement to acquire a leading Vietnamese industrial gases company, expanding its footprint in Southeast Asia.
๐๐ก๐๐ข๐ฅ๐๐ง๐: In an effort to enhance its market share in the Asia Pacific region, Linde has merged with Thai Gas Solutions Co., a strategic move to cater to the growing industrial and healthcare sectors in the country.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: A major deal was made between Air Liquide and Singapore Gases, enabling the French company to solidify its position in the Southeast Asian market.
๐๐๐ฉ๐๐ง: Japan's Iwatani Corporation recently acquired a local competitor in the industrial gas sector, aiming to boost its hydrogen production capabilities.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: Samsung Engineering has acquired a substantial stake in Hyundai Industrial Gases, marking its expansion in the global industrial gases market.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ: Linde has entered a partnership with Air Products to jointly develop advanced solutions for the medical and hydrogen sectors in Europe, reinforcing its commitment to the region.
๐๐๐: Praxair and Air Liquide merged to create the largest industrial gases company in North America, enabling a more diverse product portfolio, especially in the healthcare and energy sectors.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐๐๐๐ซ๐ฌ
๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง: Leading players like Air Liquide and Linde are focusing on expanding their hydrogen production capacities, a critical part of the energy transition towards cleaner sources. These companies are investing heavily in green hydrogen projects across Europe, Asia, and North America
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ: Companies are incorporating sustainability into their strategies by enhancing carbon capture technologies and increasing their renewable energy investments. This is evident in Linde's partnerships aimed at capturing and storing CO2 emissions
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ: Industrial gas firms are leveraging advanced technologies to optimize operations. Air Products, for example, is integrating AI and automation into its production processes to streamline supply chains
๐๐๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐ข๐๐๐ฅ ๐๐๐ฌ๐ข๐ฅ๐ข๐๐ง๐๐: The market is also adjusting to geopolitical tensions and fluctuating material costs. Companies are focusing on securing local supply chains and diversifying their production sites to ensure continuity amid these challenges
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.maximizemarketresearch.com/request-sample/30958/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
by Type
Oxygen
Carbon Dioxide
Nitrogen
Hydrogen
Noble Gas
Helium
Argon
Others (Neon, Krypton, Xenon, and Radon)
Others
by End Use Industry
Cement Industry
Mining Industry
Power Generation
Chemical Industry
Metallurgy
Others
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฌ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. AGA AB
2. Airgas
3. Air Liquide
4. Air Products and Chemicals
5. BASF SE
6. BOC
7. Gulf Cryo
8. The Linde Group
9. Messer Group
10. MOX-Linde Gases
11. Praxair
12. Nippon Gases
13. Matheson Tri-Gas
14. Rotarex
15. Universal Industrial Gases
16. Dubai Industrial Gases
17. Bristol Gases
18. INOX-Air Products Inc.
19. Iwatani Corp.
20. SOL Group
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-industrial-gases-market/30958/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Lithium-Ion Battery Separator Market Size, Share, Size & Forecast by different segment
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PORTER's analysis
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