Market Overview:
The global industrial & specialty gases market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial & specialty gases from various end-use industries, such as automotive, electronics, and medical. In addition, the growing demand for high purity gases and noble gases is also contributing to the growth of this market. Based on type, the global industrial & specialty gases market can be segmented into high purity gases, noble gases, carbon gasses, halogen gasses and others. High purity gas is projected to be the fastest-growing segment during the forecast period owing to its increasing use in various end-use industries such as automotive and electronics. Noble gas is another key type of gas that is used in a number of applications including medical devices and semiconductor manufacturing processes owing to their inert properties.
Product Definition:
Industrial and specialty gases are used in a variety of manufacturing and commercial applications. They may be used as raw materials or to help produce products. For example, nitrogen is often used in the manufacture of fertilizer, while helium is often used in the production of computer chips. Specialty gases can also have medical uses; for example, argon gas is sometimes injected into the blood stream to help treat certain medical conditions.
High Purity Gases:
High purity gases are used in various applications such as semiconductor devices, LED lighting, and solar energy. They are also used in the manufacturing of electronic components such as integrated circuits (IC), which is expected to drive market growth over the forecast period.
The growing demand for high purity gases from various industries including pharmaceuticals & biotechnology and electronics is expected to propel market growth over the next seven years.
Noble Gases:
Noble gases are chemically inert and non-combustible. They do not react with other substances and possess low molecular weight. Some of the commonly known noble gases are helium, neon, argon, krypton and xenon.
Application Insights:
The merchant application segment led the global industry and accounted for more than 70.0% share of the total revenue in 2017. The growth can be attributed to increasing demand from various end-use industries, such as pharmaceuticals, food & beverage and chemical sectors. In addition, growing penetration of online retailing is expected to drive the segment further over the forecast period.
The captive or institutionalized consumers are mainly engaged in research activities pertaining to production processes or applications that require high purity products with enhanced properties such as high density and purity levels along with other related benefits including safety.
Regional Analysis:
Asia Pacific dominated the global industry and accounted for over 45% of the total revenue in 2016. The region is expected to witness significant growth on account of increasing industrial activities in countries including China, India, Japan and South Korea. In addition, rising investments by various companies for expanding their production capacities are anticipated to drive demand over the forecast period.
The Asia Pacific was followed by Europe that accounted for 24% of the total market volume in 2016 owing to high purity gases being major applications across this region. Also, technological advancements coupled with growing industrialization across European countries are likely to support regional growth during the forecast period.
Growth Factors:
- Increasing demand from the manufacturing sector for specialty gases as a result of growing industrialization and urbanization.
- Rising demand for medical gases and related applications in healthcare sector.
- Growing use of nitrogen gas in food processing industry to improve the quality and shelf life of food products.
- Increasing popularity of inert gas welding technology across various end-use industries owing to its benefits such as high welding speed, low heat input, and low distortion levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial & Specialty Gases Market Research Report
By Type
High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, Others
By Application
Merchant, Captive
By Companies
Linde, Air Products, Praxair, Yingde Gases, Air Liquide, Messer, Hangzhou Hangyang, Baosteel Metal, Suzhou Oxygen Plant, Shanghai Chinllenge Gases, Linde
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Industrial & Specialty Gases Market Report Segments:
The global Industrial & Specialty Gases market is segmented on the basis of:
Types
High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, Others
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
Merchant, Captive
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:
- Linde
- Air Products
- Praxair
- Yingde Gases
- Air Liquide
- Messer
- Hangzhou Hangyang
- Baosteel Metal
- Suzhou Oxygen Plant
- Shanghai Chinllenge Gases
- Linde
Highlights of The Industrial & Specialty 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:
- High Purity Gases
- Noble Gases
- Carbon Gases
- Halogen Gases
- Others
- By Application:
- Merchant
- Captive
- 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 Industrial & Specialty 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?
Industrial and specialty gases are gases that are used in specific industrial or specialty applications. These gases can be found in a variety of industries, including manufacturing, chemical production, food processing, and environmental protection.
Some of the key players operating in the industrial & specialty gases market are Linde, Air Products, Praxair, Yingde Gases, Air Liquide, Messer, Hangzhou Hangyang, Baosteel Metal, Suzhou Oxygen Plant, Shanghai Chinllenge Gases, Linde.
The industrial & specialty gases market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial & Specialty 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 Industrial & Specialty Gases Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial & Specialty 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 Industrial & Specialty 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 Industrial & Specialty Gases Market Size & Forecast, 2020-2028
4.5.1 Industrial & Specialty Gases Market Size and Y-o-Y Growth
4.5.2 Industrial & Specialty 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 High Purity Gases
5.2.2 Noble Gases
5.2.3 Carbon Gases
5.2.4 Halogen Gases
5.2.5 Others
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 Merchant
6.2.2 Captive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial & Specialty 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 Industrial & Specialty 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 High Purity Gases
9.6.2 Noble Gases
9.6.3 Carbon Gases
9.6.4 Halogen Gases
9.6.5 Others
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 Merchant
9.10.2 Captive
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 High Purity Gases
10.6.2 Noble Gases
10.6.3 Carbon Gases
10.6.4 Halogen Gases
10.6.5 Others
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 Merchant
10.10.2 Captive
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 High Purity Gases
11.6.2 Noble Gases
11.6.3 Carbon Gases
11.6.4 Halogen Gases
11.6.5 Others
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 Merchant
11.10.2 Captive
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 High Purity Gases
12.6.2 Noble Gases
12.6.3 Carbon Gases
12.6.4 Halogen Gases
12.6.5 Others
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 Merchant
12.10.2 Captive
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 High Purity Gases
13.6.2 Noble Gases
13.6.3 Carbon Gases
13.6.4 Halogen Gases
13.6.5 Others
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 Merchant
13.10.2 Captive
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 Industrial & Specialty Gases Market: Competitive Dashboard
14.2 Global Industrial & Specialty Gases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde
14.3.2 Air Products
14.3.3 Praxair
14.3.4 Yingde Gases
14.3.5 Air Liquide
14.3.6 Messer
14.3.7 Hangzhou Hangyang
14.3.8 Baosteel Metal
14.3.9 Suzhou Oxygen Plant
14.3.10 Shanghai Chinllenge Gases
14.3.11 Linde
