Global Industrial Gases Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Industrial Gases Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global industrial gases market is predicted to reach US$105.93 billion in 2024, witnessing growth at a CAGR of 6.48% over the period 2020-2024. The factors such as rising healthcare expenditure, accelerating sales of packaged food, growing base of geriatric population, expansion of refinery capacities, surging demand in the automotive sector and expanding urbanization would drive the growth of the market. However, the market growth would be challenged by mounting concerns regarding CO2 emissions and changing regulations. A few notable trends include increasing mining activities, escalating demand by metallurgical industries, rising demand from electronic applications and technological innovations.

The global industrial gases market has been segmented on the basis of types and applications. In terms of type, the global industrial gases market can be bifurcated into oxygen, nitrogen, hydrogen, acetylene and other gases. Whereas, the industrial gases market can be segmented into manufacturing, chemical & petrochemical, metallurgy, healthcare & pharmaceuticals, food & beverages, electronics and other applications, on the basis of applications.

The fastest growing regional market is Asia Pacific due to growing demand from various end user sectors such as metal manufacturing industry, oil & gas industry, chemical industry, food & beverage industry, expanding refinery capacities along with rising passenger car sales in the region and surge in healthcare expenditure. Further, the sudden outbreak of COVID-19 has created an unfavorable impact on the market as the great lockdown has halted various industrial activities and caused supply chain disruptions of industrial gases.

Scope of the report:

The report provides a comprehensive analysis of the global industrial gases market segmented on the basis of type, application and region.
The major regional and country markets (Asia Pacific, North America, Europe and RoW) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Mitsubishi Chemical Holdings Corporation, Linde PLC (Praxair, Inc.), Air Liquide S.A., Air Products and Chemicals, Inc., Air Water, Inc. and Messer Group GmbH) are also presented in detail.

Key Target Audience:

Industrial Gases Producers, Suppliers and Distributors
Key End Users of Industrial Gases
Consulting Companies and Research Organizations
Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
Table 1: Properties of Industrial Gases
1.2 Production Process of Industrial Gases
Table 2: Technologies of Air Separation
1.3 Cryogenic Air Separation Process
Table 3: Cryogenic Air Separation Process
1.4 Distribution Methods of Industrial Gases
Table 4: Distribution Methods of Industrial Gases
1.5 A Comparison of On-site, Merchant and Cylinder Gases
Table 5: A comparison of On-site, Merchant and Cylinder Gases
1.6 Types & Uses of Industrial Gases
Table 6: Types & Uses of Industrial Gases
1.7 Application Areas of Industrial Gases
Table 7: Application Areas of Industrial gases
2. Impact of COVID-19
2.1 Economic Impact
Table 8: Breakdown of Direct and Indirect Costs of COVID-19 (2020)
2.2 Decline in Industrial Production
Table 9: Decline in Factory Output in the U.S. and China (2019 v/s 2020)
2.3 Reduction in Demand from End-User Industries
Table 10: Decline in Semiconductor Market Revenue (2019 v/s 2020)
2.4 Most Impacted Industries by COVID-19
Table 11: Most Impacted Industries by COVID-19 (2020)
3. Global Market Analysis
3.1 Global Industrial Gases Market by Value
Table 12: Global Industrial Gases Market by Value (2015-2019)
3.2 Global Industrial Gases Market Forecast by Value
Table 13: Global Industrial Gases Market Forecast by Value (2020-2024)
3.3 Global Industrial Gases Market by Type
Table 14: Global Industrial Gases Market by Type (2019)
3.3.1 Global Oxygen Industrial Gases Market by Value
Table 15: Global Oxygen Industrial Gases Market by Value (2015-2019)
3.3.2 Global Oxygen Industrial Gases Market Forecast by Value
Table 16: Global Oxygen Industrial Gases Market Forecast by Value (2020-2024)
3.3.3 Global Nitrogen Industrial Gases Market by Value
Table 17: Global Nitrogen Industrial Gases Market by Value (2015-2019)
3.3.4 Global Nitrogen Industrial Gases Market Forecast by Value
Table 18: Global Nitrogen Industrial Gases Market Forecast by Value (2020-2024)
3.3.5 Global Hydrogen Industrial Gases Market by Value
Table 19: Global Hydrogen Industrial Gases Market by Value (2015-2019)
3.3.6 Global Hydrogen Industrial Gases Market Forecast by Value
Table 20: Global Hydrogen Industrial Gases Market Forecast by Value (2020-2024)
3.3.7 Global Hydrogen Industrial Gases Market by Consumption Volume
Table 21: Global Hydrogen Industrial Gases Market by Consumption Volume (2015-2019)
3.3.8 Global Hydrogen Industrial Gases Market Forecast by Consumption Volume
Table 22: Global Hydrogen Industrial Gases Market Forecast by Consumption Volume (2020-2024)
3.3.9 Global Hydrogen Consumption Volume by End-User
Table 23: Global Hydrogen Consumption Volume by End-User (2019)
3.3.10 Global Ammonia Plants Hydrogen Industrial Gases Market by Consumption Volume
Table 24: Global Ammonia Plants Hydrogen Industrial Gases Market by Consumption Volume (2015-2019)
3.3.11 Global Ammonia Plants Hydrogen Industrial Gases Market Forecast by Consumption Volume
Table 25: Global Ammonia Plants Hydrogen Industrial Gases Market Forecast by Consumption Volume (2020-2024)
3.3.12 Global Refineries Hydrogen Industrial Gases Market by Consumption Volume
Table 26: Global Refineries Hydrogen Industrial Gases Market by Consumption Volume (2015-2019)
3.3.13 Global Refineries Hydrogen Industrial Gases Market Forecast by Consumption Volume
Table 27: Global Refineries Hydrogen Industrial Gases Market Forecast by Consumption Volume (2020-2024)
3.3.14 Global Methanol Hydrogen Industrial Gases Market by Consumption Volume
Table 28: Global Methanol Hydrogen Industrial Gases Market by Consumption Volume (2015-2019)
3.3.15 Global Methanol Hydrogen Industrial Gases Market Forecast by Consumption Volume
Table 29: Global Methanol Hydrogen Industrial Gases Market Forecast by Consumption Volume (2020-2024)
3.3.16 Global Acetylene Industrial Gas Market by Value
Table 30: Global Acetylene Industrial Gas Market by Value (2015-2019)
3.3.17 Global Acetylene Industrial Gas Market Forecast by Value
Table 31: Global Acetylene Industrial Gas Market Forecast by Value (2020-2024)
3.4 Global Industrial Gases Market by Application
Table 32: Global Industrial Gases Market by Application (2019)
3.4.1 Global Manufacturing Industrial Gases Market by Value
Table 33: Global Manufacturing Industrial Gases Market by Value (2015-2019)
3.4.2 Global Manufacturing Industrial Gases Market Forecast by Value
Table 34: Global Manufacturing Industrial Gases Market Forecast by Value (2020-2024)
3.4.3 Global Chemical & Petrochemical Industrial Gases Market by Value
Table 35: Global Chemical & Petrochemical Industrial Gases Market by Value (2015-2019)
3.4.4 Global Chemical & Petrochemical Industrial Gases Market Forecast by Value
Table 36: Global Chemical & Petrochemical Industrial Gases Market Forecast by Value (2020-2024)
3.4.5 Global Metallurgy Industrial Gases Market by Value
Table 37: Global Metallurgy Industrial Gases Market by Value (2015-2019)
3.4.6 Global Metallurgy Industrial Gases Market Forecast by Value
Table 38: Global Metallurgy Industrial Gases Market Forecast by Value (2020-2024)
3.4.7 Global Healthcare & Pharmaceuticals Industrial Gases Market by Value
Table 39: Global Healthcare & Pharmaceuticals Industrial Gases Market by Value (2015-2019)
3.4.8 Global Healthcare & Pharmaceuticals Industrial Gases Market Forecast by Value
Table 40: Global Healthcare & Pharmaceuticals Industrial Gases Market Forecast by Value (2020-2024)
3.4.9 Global Food & Beverages Industrial Gases Market by Value
Table 41: Global Food & Beverages Industrial Gases Market by Value (2015-2019)
3.4.10 Global Food & Beverages Industrial Gases Market Forecast by Value
Table 42: Global Food & Beverages Industrial Gases Market Forecast by Value (2020-2024)
3.4.11 Global Electronics Industrial Gases Market by Value
Table 43: Global Electronics Industrial Gases Market by Value (2015-2019)
3.4.12 Global Electronics Industrial Gases Market Forecast by Value
Table 44: Global Electronics Industrial Gases Market Forecast by Value (2020-2024)
3.5 Global Industrial Gases Market by Region
Table 45: Global Industrial Gases Market by Region (2019)
4. Regional Market Analysis
4.1 Asia Pacific
4.1.1 Asia Pacific Industrial Gases Market by Value
Table 46: Asia Pacific Industrial Gases Market by Value (2015-2019)
4.1.2 Asia Pacific Industrial Gases Market Forecast by Value
Table 47: Asia Pacific Industrial Gases Market Forecast by Value (2020-2024)
4.1.3 China Industrial Gases Market by Value
Table 48: China Industrial Gases Market by Value (2015-2019)
4.1.4 China Industrial Gases Market Forecast by Value
Table 49: China Industrial Gases Market Forecast by Value (2020-2024)
4.2 North America
4.2.1 North America Industrial Gases Market by Value
Table 50: North America Industrial Gases Market by Value (2015-2019)
4.2.2 North America Industrial Gases Market Forecast by Value
Table 51: North America Industrial Gases Market Forecast by Value (2020-2024)
4.3 Europe
4.3.1 Europe Industrial Gases Market by Value
Table 52: Europe Industrial Gases Market by Value (2015-2019)
4.3.2 Europe Industrial Gases Market Forecast by Value
Table 53: Europe Industrial Gases Market Forecast by Value (2020-2024)
4.4 RoW
4.4.1 RoW Industrial Gases Market by Value
Table 54: RoW Industrial Gases Market by Value (2015-2019)
4.4.2 RoW Industrial Gases Market Forecast by Value
Table 55: RoW Industrial Gases Market Forecast by Value (2020-2024)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Healthcare Expenditure
Table 56: Global Healthcare Expenditure Per Capita (2015-2019)
5.1.2 Accelerating Sales of Packaged Food
Table 57: Global Packaged Food Sales (2014-2019)
5.1.3 Growing Base of Geriatric Population
Table 58: Global Population Above 65 Years (2015-2019)
5.1.4 Expansion of Refinery Capacities
Table 59: The U.S. Operable Atmospheric Crude Oil Distillation Capacity (2014-2019)
5.1.5 Surging Demand in the Automotive Sector
Table 60: Global Automotive Production Volume (2014-2019)
5.1.6 Expanding Urbanization
Table 61: Global Urban Population (2014-2019)
5.2 Key Trends & Developments
5.2.1 Increasing Mining Activities
Table 62: Global Coal Demand (2016-2022)
5.2.2 Escalating Demand by Metallurgical Industries
Table 63: Global Crude Steel Production (2014-2019)
5.2.3 Rising Demand from Electronic Applications
Table 64: Global Semiconductor Industry Revenues (2016-2024)
5.2.4 Technological Innovations
5.3 Challenges
5.3.1 Mounting Concerns Regarding CO2 Emissions
Table 65: Global Carbon Dioxide Emissions (2015-2019)
5.3.2 Physical and Health Hazards
5.3.3 Changing Regulations
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
Table 66: Revenue Comparison of Key Players (2019/2020)
6.1.2 Market Capitalization Comparison of Key Players
Table 67: Market Capitalization Comparison of Key Players (2020)
6.1.3 R&D Comparison of Key Players
Table 68: R&D Comparison of Key Players (2019/2020)
6.1.4 Global Industrial Gases Market Share by Key Players
Table 69: Global Industrial Gases Market Share by Key Players (2019)
7. Company Profiles
7.1 Mitsubishi Chemical Holdings Corporation
7.1.1 Business Overview
7.1.2 Financial Overview
Table 70: Mitsubishi Chemical Holdings Corporation Sales Revenue and Net Income (2016-2020)
Table 71: Mitsubishi Chemical Holdings Corporation Sales Revenue by Segment (2020)
7.1.3 Business Strategies
7.2 Linde PLC (Praxair, Inc.)
7.2.1 Business Overview
7.2.2 Financial Overview
Table 72: Linde PLC Sales and Net Income (2015-2019)
Table 73: Linde PLC Sales by Region (2019)
7.2.3 Business Strategies
7.3 Air Liquide S.A.
7.3.1 Business Overview
7.3.2 Financial Overview
Table 74: Air Liquide S.A. Revenue and Profit (2015-2019)
Table 75: Air Liquide S.A. Revenue by Segment (2019)
Table 76: Air Liquide S.A. Revenue by Region (2019)
7.3.3 Business Strategies
7.4 Air Products and Chemicals, Inc.
7.4.1 Business Overview
7.4.2 Financial Overview
Table 77: Air Products and Chemicals, Inc. Sales and Net Income (2015-2019)
Table 78: Air Products and Chemicals, Inc. Sales by Segment (2019)
Table 79: Air Products and Chemicals, Inc. Sales by Region (2019)
7.4.3 Business Strategies
7.5 Air Water Inc.
7.5.1 Business Overview
7.5.2 Financial Overview
Table 80: Air Water Inc. Net Sales and Profit (2015-2019)
Table 81: Air Water Inc. Net Sales by Segment (2019)
7.5.3 Business Strategies
7.6 Messer Group GmbH
7.6.1 Business Overview
7.6.2 Financial Overview
Table 82: Messer Group GmbH Net Sales and Net Profit (2015-2019)
Table 83: Messer Group GmbH Net Sales by Segment (2019)
Table 84: Messer Group GmbH Net Sales by Region (2019)
7.6.3 Business Strategies

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook