The Global Industrial Gas Market Report by The Business Research Company covers industrial gas market drivers and restraints, industrial gas market size, major players, and the impact of COVID-19 on the industrial gas market.
The industrial gas market consists of the sales of industrial gases by entities (organizations, sole traders or partnerships) that manufacture industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases. The industrial gas market is segmented into nitrogen, oxygen, carbon dioxide, hydrogen and other industrial gas.
New developments are taking place in healthcare with increasing emphasis on a healthier and generally better quality of life. The global industrial gas market is expected to grow from $96.81 billion in 2020 to $101.06 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $122.43 billion in 2025 at a CAGR of 5%.
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Some industrial gas market trends include companies using CO2 recycling solutions. Industrial gas companies are increasingly supplying carbon dioxide emitted from industrial facilities to greenhouses. CO2 emitted from power plants and refineries is stored in local capacities and empty natural gas fields, and transported to greenhouses via pipelines. This process acts as an intelligent CO2 recycling solution and reduces the carbon footprint of greenhouses.
Global industrial gas market segments include:
1) By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas.
2) By End-User Industry: Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare, Others.
3) By Mode of Supply: Bulk, Packaging, Pipe Line.
4) By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global industrial gas market share.
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The Industrial Gas Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides industrial gas market overviews, analyzes and forecasts market size, share, industrial gas market players, industrial gas market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The industrial gas market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Industrial Gas Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Air Liquide, The Linde Group, Praxair, Inc., Air Products and Chemicals Inc., Mitsubishi Chemical Holdings Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Industrial Gas Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Industrial Gas Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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