Industrial Gases Market 2019 In-Depth Qualitative Insights, Explosive Growth Opportunity, Size, Regional Analysis by Key Players and Forecast 2023

Industrial Gases Market 2019 In-Depth Qualitative Insights, Explosive Growth Opportunity, Size, Regional Analysis by Key Players and Forecast 2023

“Industrial Gases Market”
Industrial gases find application in a myriad of industrial and manufacturing processes owing to their reactivity, inertness, and various other superior physical properties. Market Research Future (MRFR) has recently published an in-depth report on the global industrial gases market, outlining the various trends and patterns that are likely to impact the market over the forecast period. MRFR has predicted a positive growth curve for the industrial gases market.

Industrial Gases Market Analysis

The market is expanding owing to heightened demand for industrial gases filed from industries such as metal fabrication and production, automotive, chemical & petrochemical, biotechnology, steel, and others. Increased industrial activities in the emerging economies have provided favorable grounds for the growth of the market while industrial production in developed regions such as the Americas and Europe has also been positive.

Industrial gases cater majorly to the oil & gas industry, which requires industrial gases in massive quantities to control various processes. additionally, the industry is challenged with regulatory pressures to lower sulfur content of refinery products, which generates huge demand for industrial gases in the desulfurization process of crude. This presents a massive opportunity for the industrial gases market. The advent of cryogenic technologies such as air separation and hydrogen reforming technologies have contributed significantly to the growth of the market.

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On the other hand, industrial gases market growth might be inhibited by the capital-intensive nature of the market. Additionally, the manufacturing and utilization of industrial gases are strictly regulated by stringent regulations. Storage and transportation of industrial gases too involve significant cost as well as a challenge which might restrain the growth of the market.  However, the emerging economies of the APAC region are likely to provide a host of opportunities to the market.

Competitive Landscape

Praxair Inc., Airgas Inc., Messer Group GmbH, Bhuruka Gases Ltd., National Industrial Gas Plants – Mohammed Hamad Al Mana Group, Buzwair Industrial Gases Factory, Yateem Oxygen, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., Air Liquide S.A., Air Products, BASF, Dubai Industrial Gases, Tripti Gases Pvt. Limited, Asia Technical Gas Co (PTE) LTD (ATG), SICGIL India Limited, Ellenbarrie Industrial Gases Ltd.,Cryotech Anlagebau GmbH, India Glycols Ltd.,MATHESON Tri-Gas Inc., Ellenbarrie Industrial Gases Ltd., Gulf Cryo, Linde AG, The Southern Gas Ltd., Bristol Gases – Concorde Corodex Group, Goyal MG Gases Pvt. Ltd., Abdullah Hashim Industrial Gases & Equipment Co. Ltd., and Mohsin Haider Darwish LLC are the key players in the industrial gases market.


The global industrial gases market has been segmented based on type and application.

By type, the industrial gases market has been segmented into oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others.

By application, the industrial gases market has been segmented into healthcare, metal and metallurgy, chemicals, pharma and biotech, automotive and aerospace, electronics, pulp and paper, food and beverages, and others.

Regional Analysis

Region-wise, the industrial gases market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

High demand for industrial gases is witnessed in North America on account of augmented demand from the automotive and rapidly accelerating construction industry. The APAC industrial gases market is likely to showcase prolific growth over the forecast period. Fast-track industrialization in the region along with increasing use of necessary oxygen furnace technology by major metal and metallurgy companies is creating significant ways for the market to expand.

Industry Updates

June 2019 – Air Liquide China, supplier of industrial gases and services to various industries, announced agreement to sell its subsidiary integrated gas complex Air Liquide Fuzhou to Fujian Shenyuan New Materials.  The industrial gases complex includes a coal gasification unit, an air separation unit, an ammonia plant, and a synthetic gas purification unit.

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