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Global Industrial Gases Market 2019-2023

Global Industrial Gases Market 2019-2023

About this market

The growing demand for ready to eat (RTE) and packaged foods have significantly increased the need for several packaging technologies. These technologies require food-grade industrial gases such as nitrogen, oxygen, and carbon dioxide. These gases are used in the packing of carbonated drinks, dairy, and frozen products. Rapid surface chilling technology is one of such emerging technologies that use cryogenically cooled nitrogen. This technology finds its extensive application in the poultry industry to preserve meat. It is also functional in curbing the impact of Campylobacter bacteria, which is usually found on the surface of raw chicken and is one of the most common causes of food poisoning in the UK. The growing popularity for the technology will increase the demand for industrial gases and subsequently drive the growth of the global industrial gases market size at a CAGR of more than 7% during the forecast period.

Market Overview

Industrial growth in emerging countries

Several emerging economies have increased their focus toward the development of the manufacturing industry to meet the growing demand for industrial and consumer goods and reduce their reliance on imports. The growth of industrial activities in developing countries across Asia and South America will have a positive impact on the growth of industrial gases market size.

The slowdown of the manufacturing sector in China

One of the major end-users of industrial gases, China is witnessing a slowdown in its manufacturing sector due to the decline in exports and reduced foreign investments. The rise of average labor costs in China has negatively impacted foreign investments in the manufacturing sector. These factors are hindering the growth of the market in China.

For the detailed list of factors that will drive and challenge the growth of the industrial gases market size during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented with quite a few players occupying the market share. Companies such as Air Liquide SA and Air Products and Chemicals Inc. have intensified competition. Factors such as the growing popularity of rapid surface chilling technology and the industrial growth in emerging technologies will provide significant growth opportunities for industrial gas manufacturers. Air Liquide SA, Air Products and Chemicals Inc., BASF SE, Linde Plc, and Taiyo Nippon Sanso Corp. are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global chemicals market
      • Table Segments of global chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Hydrogen - Market size and forecast 2018-2023
      • Table Hydrogen - Market size and forecast 2018-2023 ($ millions)
      • Table Hydrogen - Year-over-year growth 2019-2023 (%)
    • Oxygen - Market size and forecast 2018-2023
      • Table Oxygen - Market size and forecast 2018-2023 ($ millions)
      • Table Oxygen - Year-over-year growth 2019-2023 (%)
    • Nitrogen - Market size and forecast 2018-2023
      • Table Nitrogen - Market size and forecast 2018-2023 ($ millions)
      • Table Nitrogen - Year-over-year growth 2019-2023 (%)
    • Carbon dioxide - Market size and forecast 2018-2023
      • Table Carbon dioxide - Market size and forecast 2018-2023 ($ millions)
      • Table Carbon dioxide - Year-over-year growth 2019-2023 (%)
    • Acetylene - Market size and forecast 2018-2023
      • Table Acetylene - Market size and forecast 2018-2023 ($ millions)
      • Table Applications of acetylene in various end-user industries
      • Table Acetylene - Year-over-year growth 2019-2023 (%)
    • Helium - Market size and forecast 2018-2023
      • Table Helium - Market size and forecast 2018-2023 ($ millions)
      • Table Helium - Year-over-year growth 2019-2023 (%)
    • Other - Market size and forecast 2018-2023
      • Table Other - Market size and forecast 2018-2023 ($ millions)
      • Table Other - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Manufacturing - Market size and forecast 2018-2023
      • Table Manufacturing - Market size and forecast 2018-2023 ($ millions)
      • Table Manufacturing - Year-over-year growth 2019-2023 (%)
    • Chemical processing - Market size and forecast 2018-2023
      • Table Chemical processing - Market size and forecast 2018-2023 ($ millions)
      • Table Chemical processing - Year-over-year growth 2019-2023 (%)
    • Metal fabrication - Market size and forecast 2018-2023
      • Table Metal fabrication - Market size and forecast 2018-2023 ($ millions)
      • Table Metal fabrication - Year-over-year growth 2019-2023 (%)
    • Energy - Market size and forecast 2018-2023
      • Table Energy - Market size and forecast 2018-2023 ($ millions)
      • Table Energy - Year-over-year growth 2019-2023 (%)
    • Medical and healthcare - Market size and forecast 2018- 2023
      • Table Medical and healthcare - Market size and forecast 2018-2023 ($ millions)
      • Table Medical and healthcare - Year-over-year growth 2019-2023 (%)
    • Food and beverage - Market size and forecast 2018-2023
      • Table Food and beverage - Market size and forecast 2018-2023 ($ millions)
      • Table Food and beverage - Year-over-year growth 2019-2023 (%)
    • Electronics - Market size and forecast 2018-2023
      • Table Electronics - Market size and forecast 2018-2023 ($ millions)
      • Table Electronics - Year-over-year growth 2019-2023 (%)
    • Other - Market size and forecast 2018-2023
      • Table Other - Market size and forecast 2018-2023 ($ millions)
      • Table Other - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2014-2020 (mbpd)
    • Market challenges
      • Table Exports of goods and services in China (% of GDP) 2006-2017
      • Table Impact of drivers and challenges
  • Market trends
    • Flourishing pharmaceutical and healthcare sectors
    • Innovations in storage design and packaging
    • Industrial gases as an alternative source of energy
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Air Liquide SA
      • Table Air Liquide SA - Vendor overview
      • Table Air Liquide SA - Business segments
      • Table Air Liquide SA - Organizational developments
      • Table Air Liquide SA - Geographic focus
      • Table Air Liquide SA - Segment focus
      • Table Air Liquide SA - Key offerings
    • Air Products and Chemicals Inc.
      • Table Air Products and Chemicals Inc. - Vendor overview
      • Table Air Products and Chemicals Inc. - Product segments
      • Table Air Products and Chemicals Inc. - Organizational developments
      • Table Air Products and Chemicals Inc. - Geographic focus
      • Table Air Products and Chemicals Inc. - Segment focus
      • Table Air Products and Chemicals Inc. - Key offerings
    • BASF SE
      • Table BASF SE - Vendor overview
      • Table BASF SE - Business segments
      • Table BASF SE - Organizational developments
      • Table BASF SE - Geographic focus
      • Table BASF SE - Segment focus
      • Table BASF SE - Key offerings
    • Linde Plc
      • Table Linde Plc - Vendor overview
      • Table Linde Plc - Business segments
      • Table Linde Plc - Organizational developments
      • Table Linde Plc - Geographic focus
      • Table Linde Plc - Segment focus
      • Table Linde Plc - Key offerings
    • Taiyo Nippon Sanso Corp.
      • Table Taiyo Nippon Sanso Corp. - Vendor overview
      • Table Taiyo Nippon Sanso Corp. - Business segments
      • Table Taiyo Nippon Sanso Corp. - Organizational developments
      • Table Taiyo Nippon Sanso Corp. - Geographic focus
      • Table Taiyo Nippon Sanso Corp. - Segment focus
      • Table Taiyo Nippon Sanso Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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