Scienza e Tecnologia
Industrial Gases Market to reach USD 157.63 billion by 2030 at a growth rate of 6.72 percent
Industrial gases are known for a wide range of uses in industries such as healthcare, food, manufacturing, and more. With common applications such as welding, chemical synthesis, and medical uses these gases are produced in large quantities and delivered through high-pressure containers or pipelines. The rising need for clean and alternate energy sources is driving the Industrial Gases Market. With processes such as gas-to-liquid (GTL) and coal-to-liquid (CTL) being used in metal & fabrication industries, healthcare and R&D, and the electronics sector the Industrial Gases Market is expected to grow significantly.
The report delves into intricate dynamics of the Industrial Gases industry, offering a comprehensive analysis of key trends, challenges, opportunities, and market drivers shaping its trajectory. The report provides a multi-faceted approach while analyzing and gathering the data from primary and secondary sources. The accuracy, reliability, and depth of insights given in the Industrial Gases Market report will help the stakeholders in making informed decisions to capitalize on emerging opportunities. In addition to this, the report goes in-depth about the impact of macroeconomic factors, such as economic growth, and regulatory changes in market dynamics. The report about the Industrial Gases Market has actionable insights for market participants, enabling them to mitigate the risks, and to capitalize on growth opportunities.
Asia Pacific,
Middle East and Africa,
South America
Industrial Gases Market is witnessing amazing growth with the help of technological advancements, strategized investments, and a focus on sustainability. The consistent reflects a growing demand in the market. The investments in new facilities and expansion of existing ones are a result of high demand from industries such as healthcare, electronics, manufacturing, and energy. The result of this is also reflected on the creation of new employment opportunities. The companies are investing in renewable energy sources and lower-carbon producing technologies showing a trend towards The Hydrogen production is gaining traction highlighting a strategic shift towards cleaner energy sources and reducing carbon footprints. S are observed to be an important part of the Industrial Gases Market. This has helped strengthening the market position of key players. The expansion into new geographies as well as enhanced technical capabilities is expected to increase competitiveness and innovation in the Industrial Gases Market. COVID-19 had a lasting impact on the market with medical gases as well as frozen foods demand has increased drastically, and has proved to be an important driver in the Industrial Gases Market's versatility and growth potential.
Asia Pacific region with countries such as South Korea , China , Japan , and India are expected to lead the global Industrial Gases Market. With 38.46% of global market share in 2023, the Industrial Gases Market in Asia-Pacific is driven by factors such as manufacturing and aerospace industries. India alone hosts over 300 small and medium-sized plants with an annual turnover of about Rs. 3,000 crores ( $650 million ). This growth is supported by food processing, agro-industries, healthcare, and technology sectors. With an expected CAGR of 12.32% in the Indian Industrial Gases Market, the industrial oxygen segment alone has 15% to 17% CAGR. The metallurgical sector in India has shown about 10% growth since 2011. In the forecast period the metallurgical industry is expected to account for about 31% of total demand by value. North America held the second largest market share with almost 30% of market revenue. The Industrial Gases Market significantly contributes to the US economy, by accounting for 25% of GDP and employing over 60,000 workers.
North America ( United States , Canada , and Mexico )
Europe (UK, France , Germany , Italy , Spain , Sweden , Austria , Turkey , Russia and Rest of Europe )
Asia Pacific ( China , India , Japan , South Korea , Australia , ASEAN and Rest of APAC)
Middle East and
Africa ( South Africa , GCC,
Egypt , Nigeria and Rest of ME&A)
South America ( Brazil , Argentina , Columbia and Rest of South America )
by Type
Based on type Oxygen dominated the market with 28% share in 2023. With uses such as coal gasification, water purification, and various healthcare functions Oxygen is expected to lead in the Industrial Gases Market segment in the forecast period. CO2 being an important ingredient for oil extraction is expected to grow as the oil-producing sector rises.
by End Use Industry
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