Industrial Gases Market Outlook To 2024: Key Product Categories (Nitrogen, Helium, Acetylene, Carbon Dioxide, Oxygen, Hydrogen, Argon, Ammonia), Application (Oil & Gas, Mining, Chemical Manufacturing, Food & Beverage, Pharmaceuticals, Metal Processing) Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global industrial gases market was valued at $50.8 billion in 2016 and is forecast to grow at a steady CAGR of 5.4% between 2017 and 2024, culminating in 2024 global revenue of $83.3 billion. Increasing drilling activities coupled with growth of end-use industries such as pharmaceuticals and metal processing is anticipated to drive market growth over the forecast period.

 

Due to emerging markets in oil and gas sector, chemical industries, steel and metal processing industries, pharmaceutical industries, food and beverage industries, the demand for industrial gasses is expected to grow throughout forecast years.

 

Global Industrial Gases Market, 2024

 

Key Product Categories & Technologies

 

Industrial gasses are atmospheric gasses and processes gasses. Principally these gasses are nitrogen, helium, carbon dioxide, argon, acetylene, ozone, acetylene, natural gas, propane, propylene and hydrogen, which are used for various industrial applications. The growth of industrial gasses is expected in forecast years due to its various applications in agriculture, mining, oil and gas, construction, glass manufacturing, transportation equipment, instruments, food and tobacco, paper and paper products, chemicals and chemical products, petroleum products, rubber and plastics industries.

 

In 2016, consumption of these gasses in Gulf Countries was 3.75 million tones. The largest consumer among Gulf countries was Saudi Arabia in 2016, contributing revenue share of 46.8%. Industrial Gases revenue in Gulf Countries in expected to reach 1270.1 million UDS by 2022. The driving force for demand in Refinery, Oil and Gas sectors is constraints in capital investments, urge to improve the efficiency of the process and interest in capitalizing on low-grade crude oil. These challenges drive the industries to look for alternative options in which industrial gasses play a vital role. Industrial gasses are also required in large quantities to control various processes.

 

These industrial gasses are used in welding and fabrication industries, customize cutting, preheating, installation of the pipeline network, construction of heavy machines and building of offshore rigs and platforms. It was observed that demand of Argon in 2015 had highest growth rate, due its inert properties. This chemically inert element is used in welding industries, as it protects the puddle against oxidation from surrounding air.

 

Technology outlook

 

There are different processes for each industrial gas and the complexity of process will depend on physical, chemical and safety-related constraints. Carbon Dioxide is manufactured by combustion of hydrocarbons, the flue gas generated due to combustion is purified, compressed, dehumidified and liquefied to produce high-quality Carbon dioxide.

 

Hydrogen can be produced by various processes such as electrolysis, biomass gasification, photo biological processes, microbial biomass conversion, electrolysis, carbon sequestration from natural gas. Argon is manufactured in cryogenic air separation unit by fraction distillation of air. Argon is inert and non-toxic but it is dangerous asphyxiant  in closed areas since it is 38% denser than air.

 

Industrial gasses are stored as liquids at cryogenic temperatures and high pressure, to maintain the safety at production area and ensure timely delivery by transportation.

 

Top Players & Company Share

 

The prominent companies to manufacturer industrial gasses are AGA AB, Air Liquide, Praxair, The BOC Group, Linde Group, BASF, Messer group. Four major industries – Praxair, Air Products, Air Liquide and Linde contribute to 80% of industry revenue.

 

Growth Drivers & Restraints, Major Trends and Issues

 

Global demand for industrial gas will increase due to the rapid growth of industries. The Asia Pacific region is forecasted to have a boost in growth rate due to its ever-expanding manufacturing base. The growth rate in Africa and the Middle East will be will more than average growth rates due to its large oil reserves and refining industries. However, high storage and transportation cost is the major restraint for the markets. In January 2017, thirteen leading transport, energy and industry companies have united to vision a long term ambition for hydrogen to foster energy transition. Since hydrogen being a versatile and clean energy carrier- zero CO2 emission, major companies are interested to invest in development and commercialization of hydrogen and fuel cell sector. Total investment by these companies is estimated to be of 1.51 Billion USD per year.

 

One of the major drivers for investment in industrial gasses is also photovoltaic industry, which is evolving as clean resource of energy generation. Industrial gasses reduce the overall manufacturing cost of photovoltaic panels.

 

Competitive Dynamics & End market mix

 

There are opportunities in industrial gasses market in North America, Europe, China, India and Japan. The successful acquisition of Air Liquide and Air Gas will generate 30% more revenue in Gas and its services in the USA. This acquisition generates annual sales of 22 billion USD. The Linde Group is to begin construction of air separation unit worth 7.5 Billon USD in East Malaysia. Praxair has signed a long-term contract with DOW Chemicals Company USA to start a hydrogen facility that will recover byproduct streams. It has also signed a contract to supply Nitrogen to DOW Chemicals Company production facility.

 

Conclusion

 

In the emerging economy and rapid industrialization globally, the overall market for industrial gasses is expected to grow. The end users are looking forward to alternative options which are environment-friendly and low cost, thus the companies will continue to be keen in investing in the production of industrial gasses. CAGR of 5.4% is expected from 2016 to 2024 to reach the revenue of 83 Billion USD. Gulf countries, USA and Europe will be major countries that will drive the market for industrial gasses.

 

This report provides comprehensive analysis of,

  • Market growth drivers
  • Top players
  • Global regional insights
  • Technology outlook

Regional outlook

  • North America
  • Europe and Asia Pacific
  • The Middle East and Africa

Application Outlook

  • Oil and Gas, Petrochemicals, Food and beverage Industry, Refinery Industry, chemical industries, steel and metal processing industries.

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Industrial Gases Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Industrial Gases Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis By Application
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing application scope
    • Rapid industrialization across Asia Pacific
  • Key Market Challenges/ Restraints
    • Strict government regulations
  • Key Market Opportunities
    • Better logistics infrastructure
    • Recovery of oil & gas production in North America
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Industrial Gases Market-PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Upcoming/ Emerging Products and/or Solutions
  • Rising trade activities
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

Industrial Gases Market Landscape by Region- 2015
  • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • U.S. Pricing Analysis-2015
    • Canada Pricing Analysis-2015
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
    • UK Pricing Analysis-2015
    • Germany Pricing Analysis-2015
    • France Pricing Analysis-2015
    • Italy Pricing Analysis-2015
    • Spain Pricing Analysis-2015
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Brazil Pricing Analysis-2015
    • Mexico Pricing Analysis-2015
    • Colombia Pricing Analysis-2015
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Japan Pricing Analysis-2015
    • China Pricing Analysis-2015
    • India Pricing Analysis-2015
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Saudi Arabia Pricing Analysis-2015
    • UAE Pricing Analysis-2015

Chapter 8: Competitive Landscape

  • AGA AB
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Air Liquide
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Praxair
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • The BOC Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Linde Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • BASF SE
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Messer Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Taiyo Nippon Sanso
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Air Products & Chemical
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Matheson tri-Gas Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Airgas Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables
  • TABLE 1 Industrial Gases Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Industrial Gases Market, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 3 Global Industrial Gases Market by Type, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 4 Global Industrial Gases Market by Application, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 5 Industrial Gases Market - Key Market Driver Analysis
  • TABLE 6 Industrial Gases Market - Key Market Restraint/ Challenge Analysis
  • TABLE 7 Industrial Gases Market – Key Opportunity Analysis
  • TABLE 8 North America Industrial Gases Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 9 U.S. Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 10 Canada Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 11 Europe Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 12 U.K Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 13 Germany Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 14 France Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 15 Italy Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 16 Spain Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 17 Latin America Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 18 Brazil Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 19 Mexico Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 20 Colombia Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 21 Asia pacific Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 22 Japan Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 23 China Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 24 India Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 25 Middle East & Africa Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
  • TABLE 26 Saudi Arabia Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 27 UAE Industrial Gases Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 28 North America Pricing Analysis
  • TABLE 29 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 30 U.S. Pricing Analysis-2015
  • TABLE 31 Canada Pricing Analysis-2015
  • TABLE 32 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 33 U.K Pricing Analysis-2015
  • TABLE 34 Germany Pricing Analysis-2015
  • TABLE 35 France Pricing Analysis-2015
  • TABLE 36 Italy Pricing Analysis-2015
  • TABLE 37 Spain Pricing Analysis-2015
  • TABLE 38 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 39 Brazil Pricing Analysis-2015
  • TABLE 40 Mexico Pricing Analysis-2015
  • TABLE 41 Colombia Pricing Analysis-2015
  • TABLE 42 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 43 Japan Pricing Analysis-2015
  • TABLE 44 China Pricing Analysis-2015
  • TABLE 45 India Pricing Analysis-2015
  • TABLE 46 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 47 Saudi Arabia Pricing Analysis-2015
  • TABLE 48 UAE Pricing Analysis-2015
List of Figures-
  • 1 Industrial Gases Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Industrial Gases Market – PESTEL Analysis
  • 7 Industrial Gases Market Share by Type, 2015 & 2024
  • 7 Industrial Gases Market Share by Application, 2015 & 2024
  • 8 Industrial Gases Market Share by Region, 2015 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:  
  • Global Industrial Gases market is estimated to grow at a CAGR of 5.4% during the forecast period 2016 to 2024. It is expected to target 83 billion USD by the end of 2024 from 50.8 billion USD in 2016.
  • In 2016, consumption of these gasses in Gulf Countries was 3.75 million tones. The largest consumer among Gulf countries was Saudi Arabia in 2016, contributing revenue share of 46.8%.
  • The prominent companies to manufacturer industrial gasses are AGA AB, Air Liquide, Praxair, The BOC Group, Linde Group, BASF, Messer group. Four major industries - Praxair, Air Products, Air Liquide and Linde contribute to 80% of industry revenue.
  • One of the major drivers for investment in industrial gasses is also photovoltaic industry, which is evolving as clean resource of energy generation.
   

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global industrial gases market was valued at $50.8 billion in 2016 and is forecast to grow at a steady CAGR of 5.4% between 2017 and 2024, culminating in 2024 global revenue of $83.3 billion. Increasing drilling activities coupled with growth of end-use industries such as pharmaceuticals and metal processing is anticipated to drive market growth over the forecast period.

 

Due to emerging markets in oil and gas sector, chemical industries, steel and metal processing industries, pharmaceutical industries, food and beverage industries, the demand for industrial gasses is expected to grow throughout forecast years.

 

Global Industrial Gases Market, 2024

 

Key Product Categories & Technologies

 

Industrial gasses are atmospheric gasses and processes gasses. Principally these gasses are nitrogen, helium, carbon dioxide, argon, acetylene, ozone, acetylene, natural gas, propane, propylene and hydrogen, which are used for various industrial applications. The growth of industrial gasses is expected in forecast years due to its various applications in agriculture, mining, oil and gas, construction, glass manufacturing, transportation equipment, instruments, food and tobacco, paper and paper products, chemicals and chemical products, petroleum products, rubber and plastics industries.

 

In 2016, consumption of these gasses in Gulf Countries was 3.75 million tones. The largest consumer among Gulf countries was Saudi Arabia in 2016, contributing revenue share of 46.8%. Industrial Gases revenue in Gulf Countries in expected to reach 1270.1 million UDS by 2022. The driving force for demand in Refinery, Oil and Gas sectors is constraints in capital investments, urge to improve the efficiency of the process and interest in capitalizing on low-grade crude oil. These challenges drive the industries to look for alternative options in which industrial gasses play a vital role. Industrial gasses are also required in large quantities to control various processes.

 

These industrial gasses are used in welding and fabrication industries, customize cutting, preheating, installation of the pipeline network, construction of heavy machines and building of offshore rigs and platforms. It was observed that demand of Argon in 2015 had highest growth rate, due its inert properties. This chemically inert element is used in welding industries, as it protects the puddle against oxidation from surrounding air.

 

Technology outlook

 

There are different processes for each industrial gas and the complexity of process will depend on physical, chemical and safety-related constraints. Carbon Dioxide is manufactured by combustion of hydrocarbons, the flue gas generated due to combustion is purified, compressed, dehumidified and liquefied to produce high-quality Carbon dioxide.

 

Hydrogen can be produced by various processes such as electrolysis, biomass gasification, photo biological processes, microbial biomass conversion, electrolysis, carbon sequestration from natural gas. Argon is manufactured in cryogenic air separation unit by fraction distillation of air. Argon is inert and non-toxic but it is dangerous asphyxiant  in closed areas since it is 38% denser than air.

 

Industrial gasses are stored as liquids at cryogenic temperatures and high pressure, to maintain the safety at production area and ensure timely delivery by transportation.

 

Top Players & Company Share

 

The prominent companies to manufacturer industrial gasses are AGA AB, Air Liquide, Praxair, The BOC Group, Linde Group, BASF, Messer group. Four major industries – Praxair, Air Products, Air Liquide and Linde contribute to 80% of industry revenue.

 

Growth Drivers & Restraints, Major Trends and Issues

 

Global demand for industrial gas will increase due to the rapid growth of industries. The Asia Pacific region is forecasted to have a boost in growth rate due to its ever-expanding manufacturing base. The growth rate in Africa and the Middle East will be will more than average growth rates due to its large oil reserves and refining industries. However, high storage and transportation cost is the major restraint for the markets. In January 2017, thirteen leading transport, energy and industry companies have united to vision a long term ambition for hydrogen to foster energy transition. Since hydrogen being a versatile and clean energy carrier- zero CO2 emission, major companies are interested to invest in development and commercialization of hydrogen and fuel cell sector. Total investment by these companies is estimated to be of 1.51 Billion USD per year.

 

One of the major drivers for investment in industrial gasses is also photovoltaic industry, which is evolving as clean resource of energy generation. Industrial gasses reduce the overall manufacturing cost of photovoltaic panels.

 

Competitive Dynamics & End market mix

 

There are opportunities in industrial gasses market in North America, Europe, China, India and Japan. The successful acquisition of Air Liquide and Air Gas will generate 30% more revenue in Gas and its services in the USA. This acquisition generates annual sales of 22 billion USD. The Linde Group is to begin construction of air separation unit worth 7.5 Billon USD in East Malaysia. Praxair has signed a long-term contract with DOW Chemicals Company USA to start a hydrogen facility that will recover byproduct streams. It has also signed a contract to supply Nitrogen to DOW Chemicals Company production facility.

 

Conclusion

 

In the emerging economy and rapid industrialization globally, the overall market for industrial gasses is expected to grow. The end users are looking forward to alternative options which are environment-friendly and low cost, thus the companies will continue to be keen in investing in the production of industrial gasses. CAGR of 5.4% is expected from 2016 to 2024 to reach the revenue of 83 Billion USD. Gulf countries, USA and Europe will be major countries that will drive the market for industrial gasses.

 

This report provides comprehensive analysis of,

  • Market growth drivers
  • Top players
  • Global regional insights
  • Technology outlook

Regional outlook

  • North America
  • Europe and Asia Pacific
  • The Middle East and Africa

Application Outlook

  • Oil and Gas, Petrochemicals, Food and beverage Industry, Refinery Industry, chemical industries, steel and metal processing industries.

Additional information

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