Industrial Gases Market Industry Trends and Global Forecasts to 2035 | Cryogenic Air Separation Emerges as Major Technology Segment - ResearchAndMarkets.com

The "Industrial Gases Market Industry Trends and Global Forecasts to 2035: Distribution Type of Product, Type of Gas, Type of Technology, Type of Application, Type of End User, Type of Distribution, Company Size and Key Geographical Regions" report has been added to ResearchAndMarkets.com's offering.

The global industrial gases market size is estimated to grow from USD 102.9 billion in 2025, to USD 219.9 billion by 2035, at a CAGR of 7.15% during the forecast period, till 2035.

Industrial Gases Market: Growth and Trends

Industrial gases, such as Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, and Argon are essential gases that are manufactured and supplied for use in various industrial processes. These gases play a pivotal role in manufacturing, healthcare, food and beverage preservation, environmental protection, and numerous other industries. In addition, these offer efficiency, safety, and technological advancement. In recent years, the increasing urbanization and industrialization have fueled the demand for industrial gases among key applications.

In terms of the type of gases, oxygen is one of the leading gases due to its wide range of applications particularly, in healthcare sectors where it is largely used for critical patient care and respiratory disease treatment. In this context, the COVID-19 pandemic is one of the recent examples that has spiked oxygen demand and driven the growth of the industrial gases market around the world; this has expanded the scope of the industrial gases market which continues to rise.

The soaring construction industries are further amplifying the market opportunities with an increasing need for industrial gases. As a result, leading industrial gas companies are leveraging this opportunity and boosting their services and market reach. The industrial automation is also contributing to the growth of this market as many automated processes rely on industrial gases for wide range of applications. In addition, with the current variety of applications, new uses for these gases are also emerging with the ever-growing industries and technologies.

Due to this, numerous companies are entering the market and investing in advanced technologies and innovative solutions, such as high-purity and specialty gases for specific applications. Precious metal is another crucial segment where industrial gases play a critical role, specifically in refining and processing operations. It is interesting to note that by broadening product and service offerings to cater to a wider range of industries and applications, stakeholders are driving market growth, which is anticipated to continue to grow over this forecast period.

Industrial Gases Market: Key Segments

• Type of Product: Atmospheric gases dominate due to their role in healthcare and environmental applications.
• Type of Gas: Oxygen leads in share, driven by its critical industrial and medical applications.
• Type of Technology: Cryogenic air separation prevails, attributed to effective separation and purity. However, PSA is expected to grow faster.
• Type of Application: Cryogenics is leading currently, vital in pharmaceuticals, while cutting & welding is set to grow significantly.
• Company Size: Large enterprises dominate due to global operations and broad product offerings.
• End User: The healthcare sector leads due to the high demand for medical oxygen.
• Type of Distribution: Bulk distribution leads, driven by demand from large-scale industries.

Market Share by Geography

Based on geography, the industrial gases market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. Currently, Asia-Pacific captures the majority share of the market. This can be attributed to rapid industrial growth, the expansion of manufacturing sectors, and infrastructure development in developing countries.

Moreover, China, India, and Southeast Asian countries are experiencing significant growth in industries like manufacturing, construction, automotive, electronics, and chemicals, which further propels market growth.

Key Players in Industrial Gases Market Profiled in the Report, Include:

• Air Gase
• Air Product
• Air Water Incorporation
• BASF
• Bhuruka Gases
• Bristorl Gases
• Concorde-Corodex Group
• Dubai Industrial Gases
• Ellenbarrie Industrial Gases
• Gulf Cryo
• KGaA
• Linde
• Matheson Tri-Gas
• Messer Group
• Nippon Sanso Holding
• Southern Company Gas
• Universal Industrial Gases
• Yingde GASes Group

Industrial Gases Market: Research Coverage

The report on the industrial gases market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the industrial gases market, focusing on key market segments, including type of product, type of gas, type of technology, type of application, type of end user, type of distribution, company size, and geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the industrial gases market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the industrial gases market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, industrial gases portfolio, moat analysis, recent developments, and an informed future outlook.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.

Key Questions Answered in this Report

• How many companies are currently engaged in industrial gases market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Key Topics Covered:

Type of Product

• Atmospheric Gases
• Process Gases
• Other

Type of Gas

• Acetylene
• Argon
• Carbon dioxide
• Hydrogen
• Nitrogen
• Oxygen
• Others

Type of Technology

• Cryogenic Air Separation
• Membrane Separation
• Pressure Swing Adsorption (PSA)
• Steam Methane Reforming

Type of Application

• Air Separation
• Carbonation
• Coolant
• Cryogenic
• Cutting & Welding
• Laboratory
• Packaging
• Others

Company Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

End User

• Chemicals & Energy
• Electronics
• Food & Beverages
• Healthcare
• Manufacturing
• Metallurgy & Glass
• Mining
• Retail
• Water Treatment
• Others

Type of Distribution

• Bulk (Liquid Gas Transport)
• Cylinder (Merchant)
• On-Site

Geographical Regions

• North America
  • US
  • Canada
  • Mexico
  • Other North American countries
• Europe
  • Austria
  • Belgium
  • Denmark
  • France
  • Germany
  • Ireland
  • Italy
  • Netherlands
  • Norway
  • Russia
  • Spain
  • Sweden
  • Switzerland
  • UK
  • Other European countries
• Asia
  • China
  • India
  • Japan
  • Singapore
  • South Korea
  • Other Asian countries
• Latin America
  • Brazil
  • Chile
  • Colombia
  • Venezuela
  • Other Latin American countries
• Middle East and North Africa
  • Egypt
  • Iran
  • Iraq
  • Israel
  • Kuwait
  • Saudi Arabia
  • UAE
  • Other MENA countries
• Rest of the World
  • Australia
  • New Zealand
  • Other countries

For more information about this report visit https://www.researchandmarkets.com/r/lwj6zq

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