Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Industrial Gases Market Size, Share & Trends Analysis Report By Product (Nitrogen, Oxygen), By Application (Healthcare, Manufacturing, Retail), By Distribution (Bulk, Cylinder), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global industrial gases market size is expected to reach USD 173.43 Billion by 2030
Industrial gases play a pivotal role in propelling economic growth across various regions. The market for these gases is expected to outpace GDP growth rates, emphasizing their significance.
Nitrogen usage has surged globally, outpacing oxygen, but argon is emerging as a strong contender poised to surpass oxygen in utility. However, some countries like India still rely heavily on oxygen. Anticipated growth during the forecast period is likely to be driven by argon and nitrogen, while hydrogen may gain importance as an energy source, especially with declining fossil fuel resources.
The application of oxygen for environmental protection and energy conservation, along with nitrogen's role in the food and packaging industry, presents immediate market opportunities. Industrial gases, including hydrogen, are anticipated to see increased demand in desulphurization processes and various fuel types, such as LNG, shale gas, CNG, and LCNG.
Additionally, the growing healthcare industry is boosting the application of industrial gases in medical devices like MRI and NMRI, contributing to industry growth. With both local and international players vying for market share, competition is intense, driving innovation and efficient sales channels.
Asia Pacific led the industry in 2022, driven by the electronics and healthcare sectors, with nitrogen expected to experience substantial growth due to its role in electronics manufacturing. The industry's future growth will be fueled by healthcare and electronics sectors' reliance on industrial gases for technological advancements.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 149 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $99.99 Billion |
| Forecasted Market Value (USD) by 2030 | $173.43 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Company Profiles
- Air Liquide
- Linde plc
- Air Products Inc.
- TAIYO NIPPON SANSO CORPORATION
- Messer
- SOL Group
- Iwatani Corporation
- Matheson Tri-Gas, Inc.
- INOX-Air Products Inc.
- Strandmollen A / S
Key Topics Covered:
Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Assumptions
1.4 Information Procurement
Chapter 2 Executive Summary
2.1 Market Overview
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Oil & Gas Industry Outlook
3.2 Market size and growth prospects, 2018 - 2030
3.3 Global industrial gases market value chain analysis
3.4 Technology Trends
3.5 Regulatory Framework
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 High dependence on industrial gases for technology advancement
3.6.1.2 Growing demand from the healthcare segment
3.6.2 Market Restraint Analysis
3.6.2.1 Stringent Regulations Against Harmful Emissions
3.7 Key opportunities - Prioritized
3.8 Business Environment Analysis: Industrial Gases Market
3.8.1 Industry Analysis - Porter's
3.8.2 Industrial gases market- Pestels analysis
3.9 Impact of COVID-19 on Industrial Gases Market
3.9.1 Supply Side
3.9.2 Demand Side
3.9.3 Impact Verdict - Medium
Chapter 4 Global Industrial Gases Market: Product Estimates & Trend Analysis
4.1 Global Industrial Gases Market: Product Movement Analysis, 2022 & 2030
4.1.1 Nitrogen
4.1.2 Hydrogen
4.1.3 Carbon Dioxide
4.1.4 Oxygen
4.1.5 Argon
4.1.6 Acetylene
Chapter 5 Global Industrial Gases Market: Application Estimates & Trend Analysis
5.1 Global Industrial Gases Market: Application Movement Analysis, 2022 & 2030
5.1.1 Healthcare
5.1.2 Manufacturing
5.1.3 Metallurgy & Glass
5.1.4 Food & Beverages
5.1.5 Retail
5.1.6 Chemicals & Energy
Chapter 7 Global Industrial Gases Market: Distribution Estimates & Trend Analysis
7.1 Global Industrial Gases Market: Distribution Movement Analysis, 2022 & 2030
7.1.1 On-site
7.1.2 Bulk (Liquid Gas Transport)
7.1.3 Cylinder (Merchant)
Chapter 8 Global Industrial Gases Market: Region Estimates & Trend Analysis
Chapter 9 Global Industrial Gases Market - Competitive Analysis
9.1 Company market share analysis
9.2 Vendor Landscape
9.2.1 List of Key Distributors and Channel Partners
9.2.2 List of Top Three High Purity Gas Equipment Installers
9.2.3 List of High Purity Gas Equipment Installers
9.3 Competitive environment
9.3.1 Strategy framework
For more information about this report visit https://www.researchandmarkets.com/r/d441f
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