Global Industrial Gas Market Size, Drivers, Trends, Opportunities And Strategies – Includes Industrial Gas Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
New developments in healthcare, as well as an increasing emphasis on a healthier and overall better quality of life, are expected to drive innovation in industrial gas manufacturing, thereby driving the market during the forecast period.
The global industrial gas market is expected to grow from $128.62 billion in 2022 to $146.08 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The industrial gas market is expected to grow to $238.77 billion in 2027 at a CAGR of 13.1%.
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Global Industrial Gas Market Segments Include:
- By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas
- By Mode of Supply: Bulk, Packaging, Pipe Line
- By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels, Other Packagings
- By End Userr Industry: Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare, Other End-User Industries
- 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 is the largest region in the global industrial gas market in 2021.
Major Market Players in the industrial gas market include The Linde Group, Air Liquide, SIG Gases Berhad, Air Products and Chemicals Inc., Mitsubishi Chemical Holdings Corp, Air Water Inc., Taiyo Nippon Sanso Corporation.
Carbon dioxide emitted from industrial facilities is increasingly being supplied to greenhouses by industrial gas companies. CO2 emitted by power plants and refineries is stored in local capacities and empty natural gas fields before being piped to greenhouses. This process functions as an intelligent CO2 recycling solution, lowering greenhouses’ carbon footprint. Linde, for example, collects and distributes carbon dioxide from the Shell oil refinery near Rotterdam, Netherlands, to over 580 greenhouses in Rotterdam and Amsterdam. This saves 115 million cubic metres of natural gas and prevents 205,000 tonnes of CO2 emissions per year.
The Industrial Gas Global Market Report 2023 provides a industrial gas market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial gas market forecast analyzes industrial gas market size, industrial gas market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Industrial gases are gaseous materials produced for industrial use, such as compressed, liquid, and solid industrial organic and inorganic gases. Bulk gases and commodity gases are other names for industrial gases.
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