Global Industrial Gas Market

Industrial Gases are the type of gaseous materials produced in large quantities to be used in the industrial manufacturing processes. The corresponding industry includes the production of these gases, as well as supply of equipment and technology used to produce and use the gases. The gases are produced and supplied in gaseous and liquid states. Examples of such gases are argon, oxygen, krypton, xenon, methane, helium, hydrogen, neon, carbon dioxide, nitrogen, etc.

Applications of industrial gases ranges from areas like petrochemicals and biotechnology to nuclear power and aerospace. Other uses lie in small scale supply including hand-carried gas containers like whipped-cream chargers and. Sales are done not just to industries, but can also be done directly to the customers for use in items like balloon (helium), LPG and medical oxygen.

End-user/Technology

The end-users can be as follows:

--> Other industries making use of industrial gases: like petrochemical, energy, chemicals, healthcare, transport etc.

--> Small scale businesses

--> Direct customers

The process followed varies with the gases to be manufactured. Following are the major technologies common in most cases:

--> Air separation: Air is refined to produce largely available gases like nitrogen and oxygen, as well as rare ones like neon and xenon.

--> Liquefaction

--> Reforming: A chemical process used to convert natural gas and steam into syngas (constituting hydrogen and carbon monoxide, and a byproduct of carbon dioxide).

--> Manufacturing

--> Purification

The processes are done in a controlled manner, taking special care of sources of ignition and mixing of incompatible materials. Other measure vary with the raw materials used and end products manufactured.

Market Dynamics

The industrial gas market is set to grow in the years following 2015. There are multiple driving forces for this growth. The major reason being the increasing demand from consumer industries like the aforementioned petrochemicals, energy and chemicals. These in turn can be attributed to the ever-increasing population and continuous industrialization.

Other factors stem from the applications themselves. Following are some factors driving the demand in developing and developed countries:

--> Increasing environmental consciousness

--> Initiatives taken in the direction of climate control

--> Need for alternate energy sources: oxygen

--> Cleaner fuels in transport sector: hydrogen

--> Oil recovery activities: carbon dioxide

--> Healthcare needs

--> Increased energy demand

--> Increased demand in aerospace industry

--> Growth in pharmaceutical, food and beverage industries

--> Increasing demand in aerospace industry: for high quality gas solutions

Market Segmentation

--> Packaged

--> Merchant

--> On-site

The major market share lies with the packaged segment, accounting for about 45% of the total market share. The segments vary in the quantity of gases supplies as well as their applications. For examples, packaged distribution takes care of the consumers that require small volumes of industrial gases. The mode of storage can be metal cylinders.

Regional/Geographic Analysis

Rapid growth in the industry is expected to come from developing nations in Asia like India, China, South Korea as well as from Brazil, due to their growing economies. Factors like increasing refinery output, infrastructural expansions and other developments, regulations for climate control, etc.

In the year 2015, Asia-Pacific region accounts for the largest market share of 38.9% in the industry. China is the largest market, but India is expected to grow at the highest rate in the coming years.

Opportunities

Significant growth is expected to take place in developing economies, largely Asian countries, especially in pharmaceutical, food and beverages industries. Other factors that indicate future prospects are the adoption of cryogenic processes for various industry processes. However, the deterrents from entering the market include huge capital requirement and cost of production. Also, the ROI (return on investment) remains uncertain.

Key Players

The key players in the global industrial gas market include L'Air Liquide- accounting for more than one-fifth market share in 2015, Air Products and Chemicals, Linde, Praxair, Taiyo Nippon Sanso, Air Gas, and Matheson tri-Gas. These vendors, based out of different locations globally, captured approximately 80% of the market share in 2015. Other small and big vendors spread globally, having domestic and international presence account for the remaining market share.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage