Industrial Gases Market to Surpass a Valuation of US$ 1,51,364.2 Mn by 2032: ChemView Consulting

Industrial Gases Market Overview

According to a research survey conducted by ChemView Consulting, the current valuation of the Global Industrial Gases Market is worth US$ 84,521.0 Mn in 2022. The market value of Industrial Gases is expected to reach US$ 1,51,364.2 Mn by the year 2032, growing at a CAGR of 6.0% over the forecast period. From 2017–2021, when the market’s CAGR was 6.4%, the market underwent significant growth.

The Industrial Gases market is rapidly expanding due to the growing demand for Industrial Gases in production, which in turn fuels market growth in various industries. Especially in developing countries worldwide. This is due to rising investments in electronics, metallurgy, food & beverages, and mining & metal sectors and booming manufacturing activities that require such gases.

ChemView Consulting has analyzed that Industrial Gases seek significant demand from the healthcare industry, positively influencing the market growth. Increasing health issue in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically in Industrial Gase’s demand.

The main factor contributing to increased Industrial Gas is that the use of gases in the healthcare industry has been growing gradually. Due to this, there has been a considerable growth in the demand for industrial gases in sectors dealing with gas-assist equipment suppliers.

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Segments Covered in Report

By Type:

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

By Application:

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

By Distribution Channel:

  • On-Site
  • Bulk
  • Cylinder

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Industrial Gases Market

  • Based on the type, the oxygen segment witnessed the highest growth over the forecast period
  • Based on the application, the healthcare segment will dominate at a significant CAGR from 2022 to 2032. This segment accounted for 40.0% of revenue share in 2021.
  • North America is projected to dominate the Industrial Gases market with a market share of 24.3% during the forecast period due to high consumption from the region’s stringent end-use industries and enormous Industrial Gases production rate, particularly in the US.

Competition Summary

Key companies covered in the market study are Linde plc, SOL Group, INOX Air Products Ltd., India Glycols Ltd., Yateem Oxygen, Tripti Gases Pvt. Ltd., Air Liquide, Air Products and Chemicals Inc., Ellenbarrie Industrial Gases Ltd., Abdullah Hashim Industrial Gases & Equipment Co. Ltd, Iwatani Corporation,  Buzwair Industrial Gases Factory, Dubai Industrial Gases, Sicgil India Limited, Taiyo Nippon Sanso Corporation,  Mohammed Hamad Al Mana Group, Gulf Cryo, Bristol Gases – Concorde Corodex Group, Mohsin Haider Darwish LLC, The Southern Gas Ltd., Bhuruka Gases Ltd.

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Report Key Highlights

  • Detailed information on factors that will assist Global Industrial Gases growth during the next ten years
  • Assessment of the historical and current Global Industrial Gases Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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