Industrial Gases Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2030

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The Industrial Gases Market size is expected to grow at a CAGR of 6.16% during the forecast period 2022-2030, due to surging demand for industrial gases from applications in the energy.

Industrial Gases Market Overview:

The Industrial Gases Market size is expected to grow at a CAGR of 6.16% during the forecast period 2022-2030, due to surging demand for industrial gases from applications in the energy.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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There is also increased consumption of the global crude oil and the need to refine is soon going to open new prospects for the industry of the industrial gases throughout the aforementioned timeline. The environmental standards are decreasing the already allowed refinery products sculpture concentration. This has led to more demand for the refining operators so the crude can be desulfurized and there can be a good market development noted. Industrial gases are used on a wide scale in the industries of the food and beverages sector. Consumers are now looking for alternatives to the regular preservation process which is actually creating a crucial development scope for the food-grade industrial gases.

The impact of Covid-19 has been quite a lot on many industries and countries. There was a demand for closing different industrial activities, especially in those areas which were badly impacted due to such virus outbreaks. The demand for industrial-grade carbon dioxide also declined to a great extent. The greenhouse gases, on the other hand, had a great demand as compared to the regular ones during the pandemic phase because of the fire fighting and medicinal uses. The requirement for Covid-19, care facilities across the country, and also carbon dioxide medicinal applications have contributed to the rise in the demand for medical-grade carbon dioxide.

Market Segmentation:

As per the Application

  • Chemicals
  • Energy
  • Retail
  • Beverages
  • Metallurgy
  • Manufacturing
  • Healthcare
  • Glass
  • Food

As per the end-users

  • On-Site
  • Bulk
  • Cylinder

Regional Classification:

In the regional analysis that has been made on the market for industrial gases, it is noted that the market is categorized into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. Asia-pacific presently is holding a huge share of the market.

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Industry News:

In Malaysia's Bayan Lepas, Air Products Inc. will start with a cryogenic nitrogen facility to help the company's operations.

Key Players

  • Air Liquide S.A.
  • Asia Technical Gas Co (PTE) LTD (ATG)
  • Taiyo Nippon Sanso Corporation
  • Linde AG
  • Dubai Industrial Gases
  • MATHESON Tri-Gas Inc.
  • National Industrial Gas Plants - Mohammed Hamad Al Mana Group
  • Tripti Gases Pvt. Limited
  • Ellenbarrie Industrial Gases Ltd.
  • Gulf Cryo
  • Messer Group GmbH
  • Bhuruka Gases Ltd.
  • Goyal MG Gases Pvt. Ltd
  • Airgas Inc.
  • Bristol Gases – Concorde Corodex Group
  • BASF
  • Others