Industrial Gases Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Industrial gases are commercially manufactured and sold for various applications. These industrial gases are mainly used in industrial processes, such as steelmaking, oil refining, medical applications, fertilizer, semiconductors, etc. The commonly used industrial gases are oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, etc. Oxygen and nitrogen are widely used throughout the industry. Oxygen is vital to processes in both industrial and medical worlds.

MARKET SCOPE

The "Global Industrial Gases Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial gases market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the industrial gases market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global industrial gases market is segmented into oxygen, nitrogen, hydrogen, carbon dioxide, and others
  
•   Based on application, the market is bifurcated into healthcare, manufacturing, metallurgy & glass, food & beverages, retail, chemicals & energy, and others
  

MARKET DYNAMICS

Drivers:

•   Growing demand for industrial gases specially oxygen from healthcare industry.
  
•   Increasing industrialization coupled with the increasing use of industrial gases in various industries
  

Restraints:

•   High cost of manufacturing may create impact on market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial gases market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial gases in these regions.

IMPACT OF COVID-19 ON INDUSTRIAL GASES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the industrial gases market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from industrial gases market are anticipated to witness lucrative growth opportunities in the future with the rising demand for industrial gases in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial gases market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF SE
  
•   Air Liquide
  
•   TAIYO NIPPON SANSO CORPORATION
  
•   Mohsin Haider Darwish LLC
  
•   Bhuruka Gases Limited
  
•   Ellenbarrie industrial Gases.
  
•   Southern Gas Limited
  
•   BSG
  
•   Air Products Inc.
  
•   Messer Group
  
•   Buzwair Industrial Gases Factories.
  
•   Linde plc
  
•   Tripti Gases Pvt. Limited
  
•   Pune Air Products.
  
•   Chengdu Taiyu Industrial Gases Co., Ltd.
  
•   QINGDAO BAIGONG INDUSTRIAL AND TRADING CO., LTD
  
•   Yingde Gases Group
  
•   UNIVERSAL BOSCHI
  
•   Gulf Cryo
  
•   INMATEC GaseTechnologie GmbH and Co. KG
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Industrial Gases Report Scope