[Latest] Global Industrial Gases Market Size/Share Worth

Austin, TX, USA, March 13, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Industrial Gases Market Size, Trends and Insights By Type (Oxygen, Nitrogen, Hydrogen, Argon, Carbon Dioxide, Others), By Application (Cryogenic, Coolant, Packaging, Air Separation, Other), By End Use Industry (Healthcare, Electronics, Aerospace, Construction, Energy and Power, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Industrial Gases Market size & share was valued at approximately USD 94.4 Billion in 2022 and is expected to reach USD 95.2 Billion in 2023 and is expected to reach a value of around USD 171.6 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.7% during the forecast period 2023 to 2032.”

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Industrial Gases Market: Overview

Industrial gases are a type of gas that is generated and used in a variety of industrial operations due to their chemical qualities. These gases are often created using procedures such as distillation by fractions, chemical processes, or air separation.

Industrial gases are employed in many industries, such as manufacturing, healthcare, food & beverage, electronics, chemicals, and metalworking.

One notable trend is the growing need for industrial gases in industries such as manufacturing, medical care, electronics, and food & beverage. This demand is being driven by rising industrialization, urbanization, and the global adoption of new technology.

Furthermore, there is a growing emphasis on sustainable and ecologically friendly solutions, which has led to the creation of green industrial gas production systems and the expansion of renewable energy applications. Furthermore, there is an increasing emphasis on optimizing and digitizing the gas supply chain to improve effectiveness, dependability, and safety.

Moreover, the industry is seeing major expenditures in R&D to create new applications and improve existing ones. In general, these trends are anticipated to keep driving innovation and development in the global industrial gas market in the future.

By type, the oxygen segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Oxygen drives the industrial gas market due to its importance in a variety of sectors, notably metal manufacturing, healthcare, and chemicals. It is required for combustion, oxidation, and life-sustaining uses, which drives demand.

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By application, the cryogenic segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cryogenics propels the industrial gases industry by producing, storing, and transporting gases at low temperatures, allowing for effective and affordable solutions in a variety of industrial applications such as manufacturing, medical care, and electronics.

By end use industry, the healthcare segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Healthcare promotes the industrial gases market because gases including oxygen, nitrogen, and carbon dioxide play critical roles in medical procedures such as respiratory treatment, anaesthesia, and sterilization.

Asia-Pacific dominates the industrial gases industry owing to fast industrial development, rising demand from industries such as manufacturing, healthcare, and electronics, as well as government efforts supporting infrastructure development and sustainable industrial practices.

Messer is one of the biggest privately held experts in industrial, medical, and specialized gases, as well as a highly professional and long-term global participant in Asia, Europe, and America. Messer produces and provides oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, shielding gases for welding, specialized gases, healthcare gases, and food gases, as well as a wide range of gas mixes.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 95.2 Billion
Projected Market Size in 2032	USD 171.6 Billion
Market Size in 2022	USD 94.4 Billion
CAGR Growth Rate	5.7% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Application, End Use Industry and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Industrial Gases report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Industrial Gases report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Industrial Gases market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Industrial Gases industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the Industrial Gases market and what is its expected growth rate?
What are the primary driving factors that push the Industrial Gases market forward?
What are the Industrial Gases Industry's top companies?
What are the different categories that the Industrial Gases Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Industrial Gases market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Industrial Gases Market: Regional Analysis

By region, Industrial Gases market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

The Asia-Pacific dominated the global Industrial Gases market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Asia-Pacific drives the industrial gas market through several main drivers.

To begin, the region’s extensive industrial infrastructure, which includes manufacturing, metals, chemicals, and electronics, drives the need for industrial gases such as nitrogen, oxygen, and argon in a variety of production processes.

Furthermore, rising urbanization and economic expansion fuel the construction and automotive sectors, driving up demand for industrial gases for cutting, welding, and metal fabrication applications.

Moreover, rigorous environmental requirements in countries such as China and India are pressuring enterprises to use cleaner production techniques, such as industrial gases for sewage treatment and air pollution reduction.

Furthermore, the Asia-Pacific region’s growing reliance on renewable energy sources such as hydrogen for fuel cells and energy storage opens up new prospects for expansion of the industrial gases market.

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List of the prominent players in the Industrial Gases Market:

Air Liquide
Linde plc
Air Products and Chemicals Inc.
Praxair Inc.
Taiyo Nippon Sanso Corporation
Messer Group GmbH
Yingde Gases Group Company Limited
Taiyo Toyo Sanso Co. Ltd.
SOL Group
SIG Gases Berhad
Matheson Tri-Gas Inc.
Air Water Inc.
Gulf Cryo Holding C.S.C.
Iwatani Corporation
Airgas Inc.
Mitsui Chemicals Inc.
Gasum Oy
National Industrial Gas Plants
Ellenbarrie Industrial Gases Limited
Linde India Limited
Others

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The Industrial Gases Market is segmented as follows:

By Type

Oxygen
Nitrogen
Hydrogen
Argon
Carbon Dioxide
Others

By Application

Cryogenic
Coolant
Packaging
Air Separation
Other

By End Use Industry

Healthcare
Electronics
Aerospace
Construction
Energy and Power
Others

Click Here to Get a Free Sample Report of the Global Industrial Gases Market @ https://www.custommarketinsights.com/report/industrial-gases-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Industrial Gases Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Industrial Gases Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Industrial Gases Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industrial Gases Market?
What Is the Current Market Status of the Industrial Gases Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Industrial Gases Market by Considering Applications and Types?
What Are Projections of the Global Industrial Gases Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Industrial Gases Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Industrial Gases Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Industrial Gases Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Gases Industry?

Click Here to Access a Free Sample Report of the Global Industrial Gases Market @ https://www.custommarketinsights.com/report/industrial-gases-market/

Reasons to Purchase Industrial Gases Market Report

Industrial Gases Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Industrial Gases Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Industrial Gases Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Industrial Gases Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Industrial Gases market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Industrial Gases Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/industrial-gases-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industrial Gases market analysis.

The competitive environment of current and potential participants in the Industrial Gases market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Industrial Gases market should find this report useful. The research will be useful to all market participants in the Industrial Gases industry.
Managers in the Industrial Gases sector are interested in publishing up-to-date and projected data about the worldwide Industrial Gases market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industrial Gases products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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