Market Overview:
The global fuel gases and cutting gases market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fuel gases and cutting gases from various end-use industries, such as industrial, chemical, aerospace and defense, and others. In addition, the growing demand for these products in emerging economies is also contributing to the growth of this market. The global fuel gases and cutting gases market can be segmented on the basis of type into fuel gas and cutting gas. The fuel gas segment can be further divided into natural gas, propane, butane/LPG mix (LBG), hydrogen sulfide (H2S), carbon monoxide (CO) acetylene (C2H2), ethylene oxide (EO) methane sulfonic acid methyl mercaptan (CH3SH). The Cutting Gassegment includes oxygen(O2), nitrogen(N2), argon(Ar) CO 2 , air etc., among others.
Product Definition:
Fuel gases are gases that are used to provide heat or power. Cutting gases are gases that are used to cut metal.
Fuel Gases:
The global fuel gases, it's usage and growth factor in the cutting gases market size was valued at USD 4.5 billion in 2015. The increasing demand for natural gas coupled with low prices of propane is expected to drive the industry growth over the forecast period.
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Cutting Gases:
Cutting gases are used to cut the fuel gases in a controlled manner. The cutting gas is made up of inert gas which does not react with other components and also has low thermal energy. The most commonly used cutting agent is nitrogen, however; hydrogen, carbon dioxide and argon among others are also used on occasions.
Application Insights:
The industrial application segment led the global fuel gases and cutting gases market in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing industrial activities across developed economies of North America and Europe, coupled with growing population in developing countries such as India and China.
Increasing use of flammable gas as a cutting agent for metalworking fluids has resulted in its increased demand from various industries including steel, cement, automotive, marine among others. However, stringent government regulations on reducing air pollution levels may impact industry growth over the next eight years.
Aerospace & defense was one of the fastest-growing segments during recent years due to rapid expansion of commercial aviation sector worldwide due to rise in disposable income along with technological advancements that have significantly reduced costs associated with aircraft manufacturing.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. China, India, Japan, South Korea and Taiwan are some of the major economies that have fueled Asia Pacific’s growth over the past few years.
The Middle East & Africa is anticipated to grow at a significant rate from 2018 to 2030 owing to rapid development in various sectors such as oil & gas industry, petrochemicals industry and others across countries such as Saudi Arabia and UAE. In addition, huge investment opportunities offered by shale gas reserves located across North America are projected to fuel this regional market during the forecast period.
Growth Factors:
- Increasing demand for fuel gases and cutting gases from end-use industries such as metal fabrication, automotive, aerospace, and construction.
- Growing popularity of gas-based technologies in various end-use applications owing to benefits such as high efficiency and low emissions.
- Rising investments by key players in R&D activities to develop innovative products and technologies for the fuel gases and cutting gases market.
- Proliferation of smallscale businesses that use fuel gases and cutting gases for various applications across different industry verticals is expected to boost the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Gases and Cutting Gases Market Research Report
By Type
Fuel Gases, Cutting Gases
By Application
Industrial, Chemical, Aerospace and Defense, Others
By Companies
The Linde Group, Air Products and Chemicals, Worthington Industries, ILMO Products Company, Praxair Technology, TotalEnergies, Bharat Petroleum Corporation Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Gases and Cutting Gases Market Report Segments:
The global Fuel Gases and Cutting Gases market is segmented on the basis of:
Types
Fuel Gases, Cutting Gases
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Chemical, Aerospace and Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Linde Group
- Air Products and Chemicals
- Worthington Industries
- ILMO Products Company
- Praxair Technology
- TotalEnergies
- Bharat Petroleum Corporation Limited
Highlights of The Fuel Gases and Cutting Gases Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fuel Gases
- Cutting Gases
- By Application:
- Industrial
- Chemical
- Aerospace and Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuel Gases and Cutting Gases Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuel gases and cutting gases are used in the production of energy. Fuel gases are used to produce heat, while cutting gases are used to create a vacuum.
Some of the major companies in the fuel gases and cutting gases market are The Linde Group, Air Products and Chemicals, Worthington Industries, ILMO Products Company, Praxair Technology, TotalEnergies, Bharat Petroleum Corporation Limited.
The fuel gases and cutting gases market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Gases and Cutting Gases Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Fuel Gases and Cutting Gases Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Fuel Gases and Cutting Gases Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Fuel Gases and Cutting Gases Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Fuel Gases and Cutting Gases Market Size & Forecast, 2020-2028 4.5.1 Fuel Gases and Cutting Gases Market Size and Y-o-Y Growth 4.5.2 Fuel Gases and Cutting Gases Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fuel Gases
5.2.2 Cutting Gases
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Chemical
6.2.3 Aerospace and Defense
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Gases and Cutting Gases Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fuel Gases and Cutting Gases Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fuel Gases
9.6.2 Cutting Gases
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Chemical
9.10.3 Aerospace and Defense
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fuel Gases
10.6.2 Cutting Gases
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Chemical
10.10.3 Aerospace and Defense
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fuel Gases
11.6.2 Cutting Gases
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Chemical
11.10.3 Aerospace and Defense
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fuel Gases
12.6.2 Cutting Gases
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Chemical
12.10.3 Aerospace and Defense
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fuel Gases
13.6.2 Cutting Gases
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Chemical
13.10.3 Aerospace and Defense
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fuel Gases and Cutting Gases Market: Competitive Dashboard
14.2 Global Fuel Gases and Cutting Gases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Linde Group
14.3.2 Air Products and Chemicals
14.3.3 Worthington Industries
14.3.4 ILMO Products Company
14.3.5 Praxair Technology
14.3.6 TotalEnergies
14.3.7 Bharat Petroleum Corporation Limited