Industrial Gas Market- Global Outlook & Forecast 2023-2028

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THE GLOBAL INDUSTRIAL GAS MARKET SIZE IS EXPECTED TO REACH USD 147.28 BILLION BY 2028 FROM USD 96.50 BILLION IN 2022, GROWING AT A CAGR OF 7.30% DURING THE FORECAST PERIOD.

Industrial Gas Market Size, Share, Trends Analysis

  • End-user: Manufacturing Industry, Chemical Industry, Metal & Mining Industry, Energy & Power Industry, Food & Beverage Industry, Healthcare Industry, and Other Industries
  • Type of Gases: Air Separation Gas, Synthetic Gases, and Specialty Gases
  • Distribution Models: By On-site Pipeline, By Bulk, and By Cylinder
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028

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GLOBAL INDUSTRIAL GAS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2028)USD 147.28 Billion
Market Size (2022)USD 96.50 Billion
CAGR (2022-2028)7.30%
Base Year2022
FORECAST YEAR2023-2028
SEGMENTS BYEnd-user, Type of Gases, Distribution Models, and Geography
GEOGRAPHIC ANALYSISNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY VENDORSAir Liquide, Air Products and Chemical, Linde plc, MATHESON TRI-GAS, INC., Messer, BASF, and AIYO NIPPON SANSO CORPORATION
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MARKET OVERVIEW

The global industrial gas market was valued at USD 96.50 billion in 2022 and is expected to reach USD 147.28 billion by 2028, growing at a CAGR of 7.30%. Industrial gases are used in various industries, and the demand for these gases is expected to grow in the coming years. This growth is being driven by factors such as increasing industrialization, urbanization, and population growth. Industrial gases are used in various industrial applications such as manufacturing, processing, and analysis. These gases can be either pure gases or mixtures of gases and are usually produced in large quantities and supplied in compressed or liquid form. Some common industrial gases include oxygen, carbon dioxide, nitrogen, argon, helium, acetylene, and hydrogen. Companies are continually investing in research and development to create new products and technologies to meet the evolving needs of their customers. Such factors are expected to drive growth in the industrial gas market by providing unique and innovative solutions to various industries.

Industrial Gas Market Size & Share Analysis, Report

GLOBAL ENERGY CRISIS

Over the past decade, EU states have increasingly relied on Russian gas despite various crises and tensions, with the share of Russian gas meeting total EU demand rising from 30% in 2009 to 47% in 2019. Even with lower pipeline supplies, the EU still accounted for 60% of Russia's gas exports and around 70% of its gas export revenues in 2021, highlighting strong interdependency. However, the drop in Russian pipeline supplies continued in H1 2022, falling by 30% y-o-y, and Gazprom's unilateral supply cuts in Q2 further contributed to lower deliveries and heightened market uncertainty.

The current high price and tight supply environment, intensified after Russia invaded Ukraine in February 2022, puts natural gas demand under strong pressure, resulting in slightly pessimistic growth for 2022 and meager consumption increases in the following years. However, gas consumption in the industrial sector remains the most substantial component in global development and accounts for about 60% of the total increase in gas demand during the 2021 to 2025 period. Uncertainty remains high, particularly for industrial activity, which is particularly vulnerable to high energy and raw material prices. Demand growth is concentrated in the Asia Pacific region and the Middle East, responsible for nearly 80% of the increase. At the same time, gas consumption is expected to broadly stagnate in Central and South America and Eurasia and decline more significantly in Europe.

MARKET TRENDS & OPPORTUNITIES

Adoption of Enhanced Oil Recovery Technique
Enhanced Oil Recovery (EOR) technique, also called “tertiary recovery,” is a process of extracting oil from oil fields that cannot be extracted through primary and secondary processes. The EOR technique increases the oil recovery capability by 30%-60% from an oil field. Recently, most oil & gas producing companies are shifting their focus towards maximizing the recovery factor (RF) from their oilfields and maintaining oil prices. The main reason for this shift is the increasing difficulty in new oil field inventions. Discovery of new oil fields is time-consuming and requires huge investments. Therefore, today, oil & gas-producing companies aim to extract the maximum possible amount of oil & gas from an already discovered oil field. Such factors directly signify the possibility of increasing oil & gas production, refinery, and transportation. Hence, with the increasing adoption of EOR techniques, production and refinery of oil & gas are expected to boost. This, in turn, is expected to add fuel to the demand for industrial gas.

Rising Shift Towards Alternative Energy and Power Sources
The global demand for power generation continues to rise, driven by population growth, urbanization, and industrialization. Additionally, the increasing adoption of renewable energy sources, such as wind and solar power, is expected to drive growth in the power generation industry. Countries seek to decrease carbon emissions and transition towards more sustainable energy sources. A significant increase in power generation has the potential to drive the industrial gas market, as the production and distribution of industrial gases play a critical role in power generation. For instance, gas turbines in power generation are used to produce electricity from natural gas and, to a lesser extent, from hydrogen.

Constantly Increasing Gas Pipeline Infrastructure
As the world population continuously grows, the demand for energy and industrial goods also increases. This demand is driving the construction of new gas pipelines and the expansion of existing ones, making it easier and more cost-effective ones, making it easier and more cost-effective to transport natural gas, hydrogen, and other industrial gases across long distances.

With the expansion of gas pipelines, it becomes easier for industries to access a reliable and cost-effective supply of natural gas and other industrial gases. Industrial gases are used in various applications, including chemical manufacturing, steel production, and electronics manufacturing. The growth of gas pipeline infrastructure is projected to support the industrial gas market. Global Energy Infrastructure shows the global gas pipeline is around 5,172, and the US gas pipeline system is over 322. 

SEGMENTATION INSIGHTS

INSIGHTS BY END-USER
The global industrial gas market caters to various end-user industries per their specific gas requirements and uses. The chemical industry is the second largest end-user of industrial gas, as it is used in several applications such as synthesis, refining, and processing. Industrial gases such as nitrogen, oxygen, hydrogen, and carbon dioxide are used as feedstocks in producing a wide range of chemical products, including fertilizers, plastics, and pharmaceuticals. The healthcare industry uses gas for medical purposes, such as anesthesia, respiratory, sterilization, etc. The manufacturing industry is expected to witness the highest CAGR in the global industrial gas market during the forecast period. The manufacturing industry is one of the biggest consumers of industrial gases, using them in a wide range of applications, from welding and metal fabrication to chemical production and pharmaceuticals.

INSIGHTS BY TYPES OF GASES
The outlook of different types of gases varies depending on their applications and end-use industries. Gases are divided into air separation, synthetic, and specialty gases. Air separation gases dominated the global industrial gas market, valued at over USD 50 billion in 2022. Among the various gas used in the air separation gases segment, nitrogen has several important uses in various industries. In the food industry, nitrogen preserves freshness and increases shelf life. It is also used to freeze and transport food products. In the electronic industry, nitrogen is used to manufacture semiconductors, flat panel displays, and other electronic components. Further, nitrogen is used as a coolant in cryotherapy and cryosurgery in the medical industry.

INSIGHTS BY DISTRIBUTION MODEL
The choice of distribution mode depends on the customer's specific needs, including the required volume of gas, the location of the customer, and the nature of the industrial process. Industrial gas companies typically provide a range of distribution modes to meet the diverse needs of their customers. The distribution model segments the global industrial gas market as on-site pipeline, bulk, and cylinder. The market is dominated by on-site pipeline distribution and is expected to dominate during the forecast period with the highest CAGR. On-site pipeline supply is an innovative and efficient way of supplying customers with industrial gases like oxygen, nitrogen, and argon.

GEOGRAPHICAL ANALYSIS

The industrial gas market has a significant presence in North America, Europe, Asia-Pacific, and the Middle East & Africa regions. The demand for industrial gases varies across geographies, influenced by economic growth, industrialization, and environmental regulations. North America is one of the most extensive industrial gas markets, with the United States being the largest market in the region. The region's global industrial gas market is driven by the presence of various end-use industries, including healthcare, metal fabrication, and chemical manufacturing. Europe is another significant industry for industrial gases, with the United Kingdom, Germany, and France being the major markets in the region. Asia-Pacific is the fastest-growing global industrial gas market, driven by the rapid industrialization and increasing urbanization of countries such as China and India.

COMPETITIVE LANDSCAPE

The global industrial gas market is highly competitive, with several large multinational companies dominating the industry. The market is also fragmented, with numerous small and medium-sized players operating in different regions. Some of the key players in the global industrial gas market include Linde plc, Air Liquide, Air Products and Chemicals, Praxair, Taiyo Nippon Sanso Corporation, Messer Group, SOL, Yingde Gases Group Company, Gulf Cryo Holding with several other prominent vendors.

Furthermore, vendors are trying to expand their market through profitable partnerships and mergers. In contrast, domestic vendors capitalize on a product portfolio that best suits domestic needs and demand. However, being a technology-oriented product, the scope of differentiation lies with sophistication, deployment of advanced features, and many more. With the recent advancements in engineering and technology features, the changing dynamics of gas usage in different end-user industries demand highly effective industrial gas for universal applications.

Frequently Asked Questions

How big is the industrial gas market?

The global industrial gas market size was valued at USD 96.50 billion in 2022 and is expected to reach USD 147.28 billion by 2028.

What is the growth rate of the global industrial gas market?

The global industrial gas market share is growing at a CAGR of 7.30% from 2022-2028.

What are the growing trends in the industrial gas market?

The growing trends in the industrial gas market are rapid industrialization, the adoption of enhanced oil recovery techniques, and the development of hydrogen fuel cells.

Which region holds the most significant global industrial gas market share?

APAC dominated the global industrial gas market share, growing at a CAGR of 8.97% during the forecast period.

Who are the key players in the global industrial gas market?

Air Liquide, Air Products and Chemical, Linde plc, MATHESON TRI-GAS, INC., Messer, BASF, and AIYO NIPPON SANSO CORPORATION are the key players in the global industrial gas market.

The global industrial gas market size is expected to grow at a CAGR of approximately 7.30% from 2022 to 2028.

The following factors are likely to contribute to the growth of the industrial gas market during the forecast period:

  • Rising Shift Towards Alternative Energy and Power Sources
  • Increasing Demand from Healthcare Sector
  • Constantly Increasing Global Gas Pipeline Infrastructure

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the industrial gas market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profile

  • Air Liquide
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Air Products and Chemical
  • Linde plc
  • MATHESON TRI-GAS, INC.
  • Messer
  • BASF
  • AIYO NIPPON SANSO CORPORATION

Other Prominent Vendors

  • Southern Gas Limited
    • Business Overview
    • Product Offerings
  • Gulf Cryo
  • Universal Industrial Gases
  • Ellenbarrie Industrial Gases
  • Concorde-Corodex Group
  • MVS Engineering
  • SOL Group
  • Yingde Gases
  • Buzwair Industrial Gases Factories
  • Gasum
  • Chemix Gases
  • Goyal MG Gases
  • National Gas
  • Toho Acetylene
  • Maxima Air Innovation
  • KOATSU GAS KOGYO CO., LTD.
  • OCI Company
  • African Oxygen

Segmentation by End-user

  • Manufacturing Industry
  • Chemical Industry
  • Metal & Mining Industry
  • Energy & Power Industry
  • Food & Beverage Industry
  • Healthcare Industry
  • Other Industries

Segmentation by Type of Gases

  • Air Separation Gas
  • Synthetic Gases
  • Specialty Gases

Segmentation by Distribution Models

  • By On-site Pipeline
  • By Bulk
  • By Cylinder

Segmentation by Geography

  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East & Africa

EXHIBIT 1 SEGMENTATION OF GLOBAL INDUSTRIAL GAS MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 KEY FACTS ABOUT GLOBAL ECONOMIC GROWTH 2022

EXHIBIT 4 REAL CHANGE IN GDP COMPARED TO PREVIOUS YEAR (%)

EXHIBIT 5 YEAR-ON-YEAR GROWTH IN GLOBAL GAS DEMAND (2021–2025)

EXHIBIT 6 REAL CHANGE IN INDUSTRIAL GROWTH 2021 & 2022

EXHIBIT 7 INDUSTRIAL GAS VALUE CHAIN ANALYSIS

EXHIBIT 8 IMPACT OF RAPID PACE OF INDUSTRIALIZATION

EXHIBIT 9 IMPACT OF ADOPTION OF ADVANCED OIL RECOVERY TECHNIQUES

EXHIBIT 10 IMPACT OF ADVENT OF HYDROGEN FUEL CELL

EXHIBIT 11 IMPACT OF SHIFT TOWARD ALTERNATIVE ENERGY & POWER SOURCES

EXHIBIT 12 ELECTRICITY GENERATION IN US 2021

EXHIBIT 13 CHANGES IN ELECTRICITY DEMAND BY REGION (YEAR-ON-YEAR) 2020–2025 (TWH)

EXHIBIT 14 IMPACT OF INCREASING DEMAND FROM HEALTHCARE SECTOR

EXHIBIT 15 IMPACT OF CONSTANTLY EXPANDING GLOBAL GAS PIPELINE INFRASTRUCTURE

EXHIBIT 16 ADVANTAGES OF INDUSTRIAL GAS PIPELINE CAPACITY EXPANSION

EXHIBIT 17 IMPACT OF ENVIRONMENTAL EFFECTS OF INDUSTRIAL GASES

EXHIBIT 18 GLOBAL GREENHOUSE GAS EMISSIONS BY GASES

EXHIBIT 19 GREENHOUSE EMISSIONS AND TOTAL SUPPLY BY PRODUCT 2020

EXHIBIT 20 IMPACT OF UNPRECEDENTED SCALE OF ECONOMIC SLOWDOWN

EXHIBIT 21 EXPECTED GLOBAL ECONOMIC GROWTH % 2021–2023

EXHIBIT 22 WORLD BANK: GLOBAL ECONOMIC GROWTH SCENARIO IN DEVELOPED AND DEVELOPING ECONOMIES

EXHIBIT 23 GEOGRAPHIC GROWTH MOMENTUM & MARKET SHARE

EXHIBIT 24 GLOBAL INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 25 FIVE FORCES ANALYSIS 2022

EXHIBIT 26 INCREMENTAL GROWTH BY END USER 2022 & 2028

EXHIBIT 27 GROWTH MOMENTUM OF END-USER SEGMENT OF GLOBAL INDUSTRIAL GAS MARKET

EXHIBIT 28 GLOBAL INDUSTRIAL GAS MARKET BY MANUFACTURING INDUSTRY 2022–2028 ($ BILLION)

EXHIBIT 29 CHEMICAL PRODUCTION 2022 (REAL CHANGE COMPARED TO 2021)

EXHIBIT 30 GROWTH IN PRIMARY CHEMICAL PRODUCTION IN THE NET ZERO SCENARIO 2018–2021

EXHIBIT 31 GLOBAL INDUSTRIAL GAS MARKET BY CHEMICAL INDUSTRY 2022–2028 ($ BILLION)

EXHIBIT 32 TOP GLOBAL PRODUCERS OF MINERALS AND FOSSIL FUELS 2019

EXHIBIT 33 GLOBAL INDUSTRIAL GAS MARKET BY METAL & MINING 2022–2028 ($ BILLION)

EXHIBIT 34 GLOBAL ENERGY CONSUMPTION 2021 (TERAWATT-HOURS)

EXHIBIT 35 GLOBAL INDUSTRIAL GAS MARKET BY ENERGY & POWER INDUSTRY 2022–2028 ($ BILLION)

EXHIBIT 36 GLOBAL INDUSTRIAL GAS MARKET BY F&B INDUSTRY 2022–2028 ($ BILLION)

EXHIBIT 37 GLOBAL INDUSTRIAL GAS MARKET BY HEALTHCARE INDUSTRY 2022–2028 ($ BILLION)

EXHIBIT 38 GLOBAL INDUSTRIAL GAS MARKET BY OTHER INDUSTRIES 2022–2028 ($ BILLION)

EXHIBIT 39 INCREMENTAL GROWTH BY TYPE OF GASES 2022 & 2028

EXHIBIT 40 PRODUCTION OF NITROGEN (FIXED)–AMMONIA IN US (THOUSAND METRIC TONS)

EXHIBIT 41 WORLD AMMONIA PRODUCTION AND RESERVE BY COUNTRIES 2022 (THOUSAND METRIC TONS)

EXHIBIT 42 PRODUCER PRICE INDEX BY INDUSTRY: OXYGEN (INDUSTRIAL GAS MANUFACTURING)

EXHIBIT 43 EXPECTED GLOBAL DEMAND FOR CARBON DIOXIDE (MTCO2)

EXHIBIT 44 GLOBAL INDUSTRIAL AIR SEPARATION GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 45 GLOBAL PURE HYDROGEN DEMAND FOR VARIOUS INDUSTRIAL APPLICATIONS 2020

EXHIBIT 46 GLOBAL SYNTHETIC INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 47 HELIUM STATISTICS IN THE US 2019-2022E (MILLION CUBIC METERS)

EXHIBIT 48 GLOBAL SPECIALTY INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 49 INCREMENTAL GROWTH BY DISTRIBUTION MODEL 2022 & 2028

EXHIBIT 50 GLOBAL INDUSTRIAL GAS MARKET BY ONSITE PIPELINE DISTRIBUTION 2022–2028 ($ BILLION)

EXHIBIT 51 GLOBAL INDUSTRIAL GAS MARKET BY CYLINDER DISTRIBUTION 2022–2028 ($ BILLION)

EXHIBIT 52 GLOBAL INDUSTRIAL GAS MARKET BY BULK DISTRIBUTION 2022–2028 ($ BILLION)

EXHIBIT 53 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 54 APAC INDUSTRIAL GAS MARKET: OVERVIEW, REVENUE, & ABSOLUTE GROWTH 2022–2028

EXHIBIT 55 APAC INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 56 INCREMENTAL GROWTH IN APAC 2022 & 2028

EXHIBIT 57 CHINA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 58 JAPAN INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 59 MINING INDUSTRY IN INDIA

EXHIBIT 60 INDIA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 61 SOUTH KOREA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 62 AUSTRALIA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 63 NORTH AMERICA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 64 INCREMENTAL GROWTH IN NORTH AMERICA 2022 & 2028

EXHIBIT 65 US INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 66 CANADA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 67 EUROPE INDUSTRIAL GAS MARKET: OVERVIEW, REVENUE, & ABSOLUTE GROWTH 2022–2028

EXHIBIT 68 EUROPE INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 69 INCREMENTAL GROWTH IN EUROPE 2022 & 2028

EXHIBIT 70 GERMANY INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 71 FRANCE INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 72 ITALY INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 73 SPAIN INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 74 UK INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 75 LATIN AMERICA INDUSTRIAL GAS MARKET: : OVERVIEW, REVENUE, & ABSOLUTE GROWTH 2022–2028

EXHIBIT 76 LATIN AMERICA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 77 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028

EXHIBIT 78 BRAZIL INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 79 MEXICO INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 80 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET: : OVERVIEW, REVENUE, & ABSOLUTE GROWTH 2022–2028

EXHIBIT 81 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 82 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2022 & 2028

EXHIBIT 83 SAUDI ARABIA INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 84 UAE INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION)

EXHIBIT 85 INDUSTRIAL GAS MARKET IN REST OF MIDDLE EAST & AFRICA 2022–2028 ($ BILLION)

EXHIBIT 86 GLOBAL INDUSTRIAL GAS MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)

LIST OF TABLES

 

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2016−2022

TABLE 3 CHINA VEHICLE PRODUCTION IN DECEMBER 2021

TABLE 4 OVERVIEW OF INDIAN POWER SECTOR 2023

TABLE 5 INDUSTRIAL GAS MARKET BY MANUFACTURING INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 6 INDUSTRIAL GAS MARKET BY CHEMICAL INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 7 INDUSTRIAL GAS MARKET BY METAL & MINING INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 8 INDUSTRIAL GAS MARKET BY ENERGY & POWER INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 9 INDUSTRIAL GAS MARKET BY F&B INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 10 INDUSTRIAL GAS MARKET BY HEALTHCARE INDUSTRY 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 11 INDUSTRIAL GAS MARKET BY OTHER INDUSTRIES 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 12 INDUSTRIAL AIR SEPARATION GAS MARKET 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 13 SYNTHETIC INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 14 SPECIALTY INDUSTRIAL GAS MARKET 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 15 KEY FACTORS OF DISTRIBUTION MODELS

TABLE 16 INDUSTRIAL GAS MARKET BY ONSITE PIPELINE DISTRIBUTION 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 17 INDUSTRIAL GAS MARKET BY CYLINDER DISTRIBUTION 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 18 INDUSTRIAL GAS MARKET BY BULK DISTRIBUTION 2022–2028 ($ BILLION) (GEOGRAPHY)

TABLE 19 APAC INDUSTRIAL GAS MARKET BY TYPES OF GASES ($ BILLION)

TABLE 20 APAC INDUSTRIAL GAS MARKET BY END USER ($ BILLION)

TABLE 21 APAC INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL ($ BILLION)

TABLE 22 NORTH AMERICA INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 23 NORTH AMERICA INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 24 NORTH AMERICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 25 EUROPE INDUSTRIAL GAS MARKET BY END USER ($ BILLION)

TABLE 26 EUROPE INDUSTRIAL GAS MARKET BY TYPES OF GASES ($ BILLION)

TABLE 27 EUROPE INDUSTRIAL GAS MARKET BY DISTRIBUTION MODELS ($ BILLION)

TABLE 28 LATIN AMERICA INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 29 LATIN AMERICA INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028  ($ BILLION)

TABLE 30 LATIN AMERICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 31 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY END USER ($ BILLION)

TABLE 32 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY TYPES OF GASES ($ BILLION)

TABLE 33 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL ($ BILLION)

TABLE 34 AIR LIQUIDE: MAJOR PRODUCT OFFERINGS

TABLE 35 AIR PRODUCTS AND CHEMICALS: MAJOR PRODUCT OFFERINGS

TABLE 36 LINDE PLC.: MAJOR PRODUCT OFFERINGS

TABLE 37 MATHESON TRI GAS.: MAJOR PRODUCT OFFERINGS

TABLE 38 MESSER.: MAJOR PRODUCT OFFERINGS

TABLE 39 BASF.: MAJOR PRODUCT OFFERINGS

TABLE 40 TAIYO NIPPON SANSO CORPORATE.: MAJOR PRODUCT OFFERINGS

TABLE 41 SOUTHERN GAS LIMITED.: MAJOR PRODUCT OFFERINGS

TABLE 42 GULF CRYO.: MAJOR PRODUCT OFFERINGS

TABLE 43 UNIVERSAL INDUSTRIAL GASES.: MAJOR PRODUCT OFFERINGS

TABLE 44 ELLENBARRIE INDUSTRIAL GASES: MAJOR PRODUCT OFFERINGS

TABLE 45 CONCORDE CORODEX GROUP: MAJOR PRODUCT OFFERINGS

TABLE 46 MVS ENGINEERING: MAJOR PRODUCT OFFERINGS

TABLE 47 SOL GROUP: MAJOR PRODUCT OFFERINGS

TABLE 48 YINGDE GASES: MAJOR PRODUCT OFFERINGS

TABLE 49 BUZWAIR INDUSTRIAL GASES FACTORIES: MAJOR PRODUCT OFFERINGS

TABLE 50 GASUM: MAJOR PRODUCT OFFERINGS

TABLE 51 CHEMIX GASES: MAJOR PRODUCT OFFERINGS

TABLE 52 GOYAL MG GASES: MAJOR PRODUCT OFFERINGS

TABLE 53 CONCORDE CORODEX GROUP: MAJOR PRODUCT OFFERINGS

TABLE 54 TOHO ACETYLENE: MAJOR PRODUCT OFFERINGS

TABLE 55 MAXIMA AIR INNOVATION: MAJOR PRODUCT OFFERINGS

TABLE 56 KOATSU GAS KOGYO: MAJOR PRODUCT OFFERINGS

TABLE 57 OCI COMPANY: MAJOR PRODUCT OFFERINGS

TABLE 58 AFRICAN OXYGEN: MAJOR PRODUCT OFFERINGS

TABLE 59 GLOBAL INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($BILLION)

TABLE 60 GLOBAL INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 61 GLOBAL INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($BILLION)

TABLE 62 APAC INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 63 APAC INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 64 APAC INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 65 NORTH AMERICA INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 66 NORTH AMERICA INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 67 NORTH AMERICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 68 EUROPE INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 69 EUROPE INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 70 EUROPE INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 71 LATIN AMERICA INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 72 LATIN AMERICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

TABLE 73 LATIN AMERICA INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 74 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 75 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY TYPES OF GASES 2022–2028 ($ BILLION)

TABLE 76 MIDDLE EAST & AFRICA INDUSTRIAL GAS MARKET BY DISTRIBUTION MODEL 2022–2028 ($ BILLION)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

 

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET BY TYPES OF GASES

4.3.2 MARKET BY DISTRIBUTION MODEL

4.3.3 MARKET BY END-USER

4.3.4 MARKET SEGMENTATION BY GEOGRAPHY

 

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

 

6 PREMIUM INSIGHTS

6.1 REPORT OVERVIEW

6.2 GLOBAL ENERGY CRISIS

6.3 OPPORTUNITIES AND TRENDS IN THE MARKET

6.4 SEGMENT ANAYSIS

6.5 REGIONAL ANALYSIS

6.6 COMPETITIVE LANDSCAPE

 

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 GLOBAL INDUSTRIAL OUTLOOK

8.1.2 PRICE TRENDS

8.1.3 GLOBAL ENERGY CRISIS

8.1.4 GLOBAL CUSTOMER INDUSTRIES SCENARIO

8.2 VALUE CHAIN ANALYSIS

8.2.1 PRODUCTION

8.2.2 STORAGE

8.2.3 DISTRIBUTION

 

9 MARKET OPPORTUNITIES & TRENDS

9.1 RAPID PACE OF INDUSTRIALIZATION

9.2 ADOPTION OF ADVANCED OIL RECOVERY TECHNIQUES

9.3 ADVENT OF HYDROGEN FUEL CELL

 

10 MARKET GROWTH ENABLERS

10.1 SHIFT TOWARD ALTERNATIVE ENERGY & POWER SOURCES

10.2 INCREASING DEMAND FROM HEALTHCARE SECTOR

10.3 CONSTANTLY EXPANDING GLOBAL GAS PIPELINE INFRASTRUCTURE

 

11 MARKET RESTRAINTS

11.1 ENVIRONMENTAL EFFECTS OF INDUSTRIAL GASES

11.1.1 GLOBAL EMISSIONS BY GASES

11.1.2 GLOBAL EMISSION BY INDUSTRIAL SECTOR

11.2 UNPRECEDENTED SCALE OF ECONOMIC SLOWDOWN

 

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

 

13 END USER

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 MANUFACTURING INDUSTRY

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 CHEMICAL INDUSTRY

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

13.5 METAL & MINING

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.5.3 MARKET BY GEOGRAPHY

13.6 ENERGY AND POWER INDUSTRY

13.6.1 MARKET OVERVIEW

13.6.2 MARKET SIZE & FORECAST

13.6.3 MARKET BY GEOGRAPHY

13.7 FOOD & BEVERAGE (F&B)

13.7.1 MARKET OVERVIEW

13.7.2 MARKET SIZE & FORECAST

13.7.3 MARKET BY GEOGRAPHY

13.8 HEALTHCARE INDUSTRY

13.8.1 MARKET OVERVIEW

13.8.2 MARKET SIZE & FORECAST

13.8.3 MARKET BY GEOGRAPHY

13.9 OTHER END USERS

13.9.1 MARKET OVERVIEW

13.9.2 MARKET SIZE & FORECAST

13.9.3 MARKET BY GEOGRAPHY

 

14 TYPE OF GASES

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 AIR SEPARATION GAS

14.3.1 NITROGEN: MARKER OVERVIEW

14.3.2 OXYGEN

14.3.3 CARBON DIOXIDE

14.3.4 ARGON

14.3.5 MARKET SIZE & FORECAST

14.3.6 MARKET BY GEOGRAPHY

14.4 SYNTHETIC GASES

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

14.5 SPECIALTY GASES

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.5.3 MARKET BY GEOGRAPHY

 

15 DISTRIBUTION MODEL

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 ONSITE PIPELINE

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 CYLINDER

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

15.5 BULK

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.5.3 MARKET BY GEOGRAPHY

 

16 GEOGRAPHY

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 GEOGRAPHIC OVERVIEW

 

17 APAC

17.1 MARKET OVERVIEW

17.2 MARKET SIZE & FORECAST

17.3 TYPES OF GASES

17.3.1 MARKET SIZE & FORECAST

17.4 END USER

17.4.1 MARKET SIZE & FORECAST

17.5 DISTRIBUTION MODEL

17.5.1 MARKET SIZE & FORECAST

17.6 KEY COUNTRIES

17.6.1 CHINA: MARKET SIZE & FORECAST

17.6.2 JAPAN: MARKET SIZE & FORECAST

17.6.3 INDIA: MARKET SIZE & FORECAST

17.6.4 SOUTH KOREA: MARKET SIZE & FORECAST

17.6.5 AUSTRALIA: MARKET SIZE & FORECAST

 

18 NORTH AMERICA

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 END USER

18.3.1 MARKET SIZE & FORECAST

18.4 TYPES OF GASES

18.4.1 MARKET SIZE & FORECAST

18.5 DISTRIBUTION MODEL

18.5.1 MARKET SIZE & FORECAST

18.6 KEY COUNTRIES

18.6.1 US: MARKET SIZE & FORECAST

18.6.2 CANADA: MARKET SIZE & FORECAST

 

19 EUROPE

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 END USER

19.3.1 MARKET SIZE & FORECAST

19.4 TYPES OF GASES

19.4.1 MARKET SIZE & FORECAST

19.5 DISTRIBUTION MODEL

19.5.1 MARKET SIZE & FORECAST

19.6 KEY COUNTRIES

19.6.1 GERMANY: MARKET SIZE & FORECAST

19.6.2 FRANCE: MARKET SIZE & FORECAST

19.6.3 ITALY: MARKET SIZE & FORECAST

19.6.4 SPAIN: MARKET SIZE & FORECAST

19.6.5 UK: MARKET SIZE & FORECAST

 

20 LATIN AMERICA

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 END USER

20.3.1 MARKET SIZE & FORECAST

20.4 TYPES OF GASES

20.4.1 MARKET SIZE & FORECAST

20.5 DISTRIBUTION MODEL

20.5.1 MARKET SIZE & FORECAST

20.6 KEY COUNTRIES

20.6.1 BRAZIL: MARKET SIZE & FORECAST

20.6.2 MEXICO: MARKET SIZE & FORECAST

 

21 MIDDLE EAST & AFRICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 END USER

21.3.1 MARKET SIZE & FORECAST

21.4 TYPES OF GASES

21.4.1 MARKET SIZE & FORECAST

21.5 DISTRIBUTION MODEL

21.5.1 MARKET SIZE & FORECAST

21.6 KEY COUNTRIES

21.6.1 SAUDI ARABIA: MARKET SIZE & FORECAST

21.6.2 UAE: MARKET SIZE & FORECAST

21.6.3 REST OF MEA: MARKET SIZE & FORECAST

 

22 COMPETITIVE LANDSCAPE

22.1 COMPETITION OVERVIEW

 

23 KEY COMPANY PROFILE

23.1 AIR LIQUIDE

23.1.1 BUSINESS OVERVIEW

23.1.2 PRODUCT OFFERINGS

23.1.3 KEY STRATEGIES

23.1.4 KEY STRENGTH

23.1.5 KEY OPPORTUNITIES

23.2 AIR PRODUCTS AND CHEMICALS

23.2.1 BUSINESS OVERVIEW

23.2.2 PRODUCT OFFERINGS

23.2.3 KEY STRATEGIES

23.2.4 KEY STRENGTH

23.2.5 KEY OPPORTUNITIES

23.3 LINDE PLC

23.3.1 BUSINESS OVERVIEW

23.3.2 PRODUCT OFFERINGS

23.3.3 KEY STRATEGIES

23.3.4 KEY STRENGTH

23.3.5 KEY OPPORTUNITIES

23.4 MATHESON TRI-GAS

23.4.1 BUSINESS OVERVIEW

23.4.2 PRODUCT OFFERINGS

23.4.3 KEY STRATEGIES

23.4.4 KEY STRENGTH

23.4.5 KEY OPPORTUNITIES

23.5 MESSER

23.5.1 BUSINESS OVERVIEW

23.5.2 PRODUCT OFFERINGS

23.5.3 KEY STRATEGIES

23.5.4 KEY STRENGTH

23.5.5 KEY OPPORTUNITIES

23.6 BASF

23.6.1 BUSINESS OVERVIEW

23.6.2 PRODUCT OFFERINGS

23.6.3 KEY STRATEGIES

23.6.4 KEY STRENGTH

23.6.5 KEY OPPORTUNITIES

23.7 TAIYO NIPPON SANSO CORPORATION

23.7.1 BUSINESS OVERVIEW

23.7.2 PRODUCT OFFERINGS

23.7.3 KEY STRATEGIES

23.7.4 KEY STRENGTH

23.7.5 KEY OPPORTUNITIES

 

24 OTHER PROMINENT VENDORS

24.1 SOUTHERN GAS LIMITED

24.1.1 BUSINESS OVERVIEW

24.1.2 PRODUCT OFFERINGS

24.2 GULF CRYO

24.2.1 BUSINESS OVERVIEW

24.2.2 PRODUCT OFFERINGS

24.3 UNIVERSAL INDUSTRIAL GAS

24.3.1 BUSINESS OVERVIEW

24.3.2 PRODUCT OFFERINGS

24.4 ELLENBARRIE INDUSTRIAL GASES

24.4.1 BUSINESS OVERVIEW

24.4.2 PRODUCT OFFERINGS

24.5 CONCORDE CORODEX GROUP

24.5.1 BUSINESS OVERVIEW

24.5.2 PRODUCT OFFERINGS

24.6 MVS ENGINEERING

24.6.1 BUSINESS OVERVIEW

24.6.2 PRODUCT OFFERINGS

24.7 SOL GROUP

24.7.1 BUSINESS OVERVIEW

24.7.2 PRODUCT OFFERINGS

24.8 YINGDE GASES

24.8.1 BUSINESS OVERVIEW

24.8.2 PRODUCT OFFERINGS

24.9 BUZWAIR INDUSTRIAL GASES FACTORIES

24.9.1 BUSINESS OVERVIEW

24.9.2 PRODUCT OFFERINGS

24.10 GASUM

24.10.1 BUSINESS OVERVIEW

24.10.2 PRODUCT OFFERINGS

24.11 CHEMIX GASES

24.11.1 BUSINESS OVERVIEW

24.11.2 PRODUCT OFFERINGS

24.12 GOYAL MG GASES

24.12.1 BUSINESS OVERVIEW

24.12.2 PRODUCT OFFERINGS

24.13 NATIONAL GAS

24.13.1 BUSINESS OVERVIEW

24.13.2 PRODUCT OFFERINGS

24.14 TOHO ACETYLENE

24.14.1 BUSINESS OVERVIEW

24.14.2 PRODUCT OFFERINGS

24.15 MAXIMA AIR INNOVATION

24.15.1 BUSINESS OVERVIEW

24.15.2 PRODUCT OFFERINGS

24.16 KOATSU GAS KOGYO

24.16.1 BUSINESS OVERVIEW

24.16.2 PRODUCT OFFERINGS

24.17 OCI COMPANY

24.17.1 BUSINESS OVERVIEW

24.17.2 PRODUCT OFFERINGS

24.18 AFRICAN OXYGEN

24.18.1 BUSINESS OVERVIEW

24.18.2 PRODUCT OFFERINGS

 

25 REPORT SUMMARY

25.1 KEY TAKEAWAYS

25.2 STRATEGIC RECOMMENDATIONS

 

26 QUANTITATIVE SUMMARY

26.1 MARKET BY GEOGRAPHY

26.2 MARKET BY END USER

26.3 MARKET BY TYPES OF GASES

26.4 MARKET BY DISTRIBUTION MODEL

26.5 APAC

26.5.1 END USER

26.5.2 TYPES OF GASES

26.5.3 DISTRIBUTION MODEL

26.6 NORTH AMERICA

26.6.1 END USER

26.6.2 TYPES OF GASES

26.6.3 DISTRIBUTION MODEL

26.7 EUROPE

26.7.1 END USER

26.7.2 TYPE OF GASES

26.7.3 DISTRIBUTION MODEL

26.8 LATIN AMERICA

26.8.1 TYPES OF GASES

26.8.2 DISTRIBUTION MODEL

26.8.3 END USER

26.9 MIDDLE EAST & AFRICA

26.9.1 END USER

26.9.2 TYPES OF GASES

26.9.3 DISTRIBUTION MODEL

 

27 APPENDIX

27.1 ABBREVIATIONS

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Frequently Asked Questions

How big is the industrial gas market?

The global industrial gas market size was valued at USD 96.50 billion in 2022 and is expected to reach USD 147.28 billion by 2028.

What is the growth rate of the global industrial gas market?

The global industrial gas market share is growing at a CAGR of 7.30% from 2022-2028.

What are the growing trends in the industrial gas market?

The growing trends in the industrial gas market are rapid industrialization, the adoption of enhanced oil recovery techniques, and the development of hydrogen fuel cells.

Which region holds the most significant global industrial gas market share?

APAC dominated the global industrial gas market share, growing at a CAGR of 8.97% during the forecast period.

Who are the key players in the global industrial gas market?

Air Liquide, Air Products and Chemical, Linde plc, MATHESON TRI-GAS, INC., Messer, BASF, and AIYO NIPPON SANSO CORPORATION are the key players in the global industrial gas market.