Report Feature
Industrial Gas Market Trends and Forecast
The future of the industrial gas market looks promising with opportunities in the metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, and pharmaceutical and biotechnology end use industries. The global industrial gas market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increasing investment in manufacturing and processing industries, growing need for alternate energy sources, and increasing demand in the healthcare industry.
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Industrial Gas Market by Segment
The study includes trends and forecast for the global industrial gas market by gas type, application, distribution, end use industry, and region, as follows:
Industrial Gas Market by Gas Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, industrial gas companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial gas companies profiled in this report include-
Industrial Gas Market Insights
Q1. What is the industrial gas market size?
Answer: The global Industrial gas market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for industrial gas market?
Answer: The global industrial gas market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the industrial gas market?
Answer: The major drivers for this market are increasing investment in manufacturing and processing industries, growing need for alternate energy sources, and increasing demand in the healthcare industry.
Q4. What are the major segments for industrial gas market?
Answer: The future of the industrial gas market looks promising with opportunities in the metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, and pharmaceutical and biotechnology end use industries.
Q5. Who are the key industrial gas companies?
Answer: Some of the key Industrial gas companies are as follows:
Answer: Lucintel forecasts that oxygen will remain the largest segment over the forecast period due to its wide usage in industries, increasing demand from healthcare institutions, and a wide usage for treatment of hazardous wastes and polluted waters.
Q7. In industrial gas market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the increasing demand for industrial gases among end use industries, presence of key players, and growing investment for sustainable energy development in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
The future of the industrial gas market looks promising with opportunities in the metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, and pharmaceutical and biotechnology end use industries. The global industrial gas market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increasing investment in manufacturing and processing industries, growing need for alternate energy sources, and increasing demand in the healthcare industry.
Industrial Gas Market by Segment
The study includes trends and forecast for the global industrial gas market by gas type, application, distribution, end use industry, and region, as follows:
Industrial Gas Market by Gas Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Hydrogen
- Helium
- Argon
- Ammonia
- Methane
- Propane
- Butane
- Others
- Packaging
- Coolant
- Carbonation
- Cryogenic
- Cutting and Welding
- Laboratory
- Air Separation
- Others
- On-site
- Bulk (Liquid Gas Transport)
- Cylinder (Merchant)
- Metal Manufacturing and Fabrication
- Healthcare
- Automotive and Aerospace
- Electronics
- Energy, Oil, and Gas
- Food and Beverage
- Pulp and Paper
- Chemicals
- Pharmaceutical and Biotechnology
- Others
- North America
- Europe
- Asia Pacific
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, industrial gas companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial gas companies profiled in this report include-
Industrial Gas Market Insights
- Lucintel forecasts that oxygen will remain the largest segment over the forecast period due to its wide usage in industries, increasing demand from healthcare institutions, and a wide usage for treatment of hazardous wastes and polluted waters.
- Healthcare is expected to remain the largest segment due to the growth in the advancement of technology in the healthcare industry and increasing requirement of bulk oxygen in many cases during surgeries.
- APAC will remain the largest region due to the increasing demand for industrial gases among end use industries, presence of key players, and growing investment for sustainable energy development in the region.
- Market Size Estimates: Industrial gas market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Industrial gas market size by various segments, such as gas type, application, distribution, and end use industry
- Regional Analysis: Industrial gas market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different gas types, applications, distributions, end use industries, and regions for the industrial gas market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the industrial gas market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the industrial gas market size?
Answer: The global Industrial gas market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for industrial gas market?
Answer: The global industrial gas market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the industrial gas market?
Answer: The major drivers for this market are increasing investment in manufacturing and processing industries, growing need for alternate energy sources, and increasing demand in the healthcare industry.
Q4. What are the major segments for industrial gas market?
Answer: The future of the industrial gas market looks promising with opportunities in the metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, and pharmaceutical and biotechnology end use industries.
Q5. Who are the key industrial gas companies?
Answer: Some of the key Industrial gas companies are as follows:
- Air Liquide
- Air Products & Chemicals
- Messer Group
- Taiyo Nippon Sanso
- The Linde Group
Answer: Lucintel forecasts that oxygen will remain the largest segment over the forecast period due to its wide usage in industries, increasing demand from healthcare institutions, and a wide usage for treatment of hazardous wastes and polluted waters.
Q7. In industrial gas market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the increasing demand for industrial gases among end use industries, presence of key players, and growing investment for sustainable energy development in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the industrial gas market by gas type (nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and others), application (packaging, coolant, carbonation, cryogenic, cutting and welding, laboratory, air separation, and others), distribution (on-site, bulk, and cylinder), end use industry (metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, pharmaceutical and biotechnology, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity did occur in the last five years and what has been the impact on the industry? For any questions related to industrial gas market or related to industrial gas companies, industrial gas market size, industrial gas market share, industrial gas analysis , write Lucintel analyst at email: helpdesk@lucintel.com . We will be glad to get back to you soon.
