Market Overview:
The global propellant gases market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for propellant gases from various end-use industries, such as cosmetics, food, industrial, aerospace & defense, agriculture industry, pharma & healthcare and others. Hydrocarbon is expected to be the fastest-growing type segment of the global propellant gases market during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of revenue growth during 2018–2030 owing to high economic growth and rising demand for propellant gases from various end-use industries in this region.
Product Definition:
A propellant gas is a fluid that is used to create thrust in order to move a object, such as a spacecraft. The importance of propellant gases lies in their ability to provide the necessary force for space exploration and travel.
Hydrocarbon:
Hydrocarbon is a general term for organic compounds containing carbon and hydrogen. The most common hydrocarbons are methane, ethane, propane and butanes. These gases are mostly used as propellants in the chemical industry owing to their low molecular weight which makes them ideal for high-pressure processes.
Dimethyl Ether (DME):
Dimethyl ether is a colorless, flammable organic liquid with a characteristic odor. It is produced on purpose in various chemical industries as an important ingredient for manufacturing propellants. The main function of DME is to provide the necessary oxygen content required for the burning of fuel in rocket engines.
DME also serves as an excellent solvent and has been used extensively across several end-use industries such as paints & coatings, pharmaceuticals, chemicals,.
Application Insights:
The global propellant gases market has been segmented on the basis of application into aerospace & defense, food, industrial, and other applications. The aerospace & defense application segment dominated the overall industry in terms of revenue share at 34.3% in 2017 owing to extensive usage as a rocket motor fuel and jet engine fuel.
The industrial gas segment is anticipated to witness significant growth over the forecast period due to increasing use as an extraction medium for fossil fuels including natural gas and petroleum products such as butane, propane and pentane along with their derivatives such as HFCs which are used extensively across several end-use industries including automotive air conditioning systems refrigeration equipment manufacturing among others.
Regional Analysis:
North America was the dominant regional market in 2017 and accounted for over 30% of the global share. The region is expected to witness moderate growth over the forecast period owing to stringent environmental regulations by EPA and CSA is anticipated to propel demand for GHGem among industrial, pharmaceutical, cosmetics application segment. Europe also held a significant share in terms of revenue due to high R&D investments by companies operating in this region coupled with growing aerospace & defense sector mainly UK which has one of the major bases for military aircraft manufacturing across globe.
Growth Factors:
- Increasing demand for propellant gases in the aerospace and defense sectors due to the growing need for advanced missile systems and aircrafts.
- Rising demand from the medical sector for use in inhalers, nebulizers, and other medical devices.
- Growing popularity of propane-powered vehicles as a more environmentally friendly alternative to gasoline-powered vehicles.
- Increasing use of propellant gases in food packaging and refrigeration industries due to their ability to prolong shelf life and maintain food quality.
- Technological advancements that have led to the development of new applications for propellant gases such as fuel cells and energy storage systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Propellant Gases Market Research Report
By Type
Hydrocarbon, Dimethyl Ether (DME), Hydrofluorocarbons, Atmospheric Gases, Blends, Others
By Application
Cosmetic, Food, Industrial, Aerospace & Defense, Agriculture Industry, Pharma & Healthcare, Others
By Companies
GTS SPA, Synthesis Chimica S.r.l, Repsol, Linde, Honeywell, EURENCO/Saab, DAIKIN
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Propellant Gases Market Report Segments:
The global Propellant Gases market is segmented on the basis of:
Types
Hydrocarbon, Dimethyl Ether (DME), Hydrofluorocarbons, Atmospheric Gases, Blends, 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
Cosmetic, Food, Industrial, Aerospace & Defense, Agriculture Industry, Pharma & Healthcare, 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:
- GTS SPA
- Synthesis Chimica S.r.l
- Repsol
- Linde
- Honeywell
- EURENCO/Saab
- DAIKIN
Highlights of The Propellant 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:
- Hydrocarbon
- Dimethyl Ether (DME)
- Hydrofluorocarbons
- Atmospheric Gases
- Blends
- Others
- By Application:
- Cosmetic
- Food
- Industrial
- Aerospace & Defense
- Agriculture Industry
- Pharma & Healthcare
- 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 Propellant 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?
Propellant gases are used in rockets and missiles to provide the energy that propels them through the air or into space. Propellant gases come in a variety of types, including hydrogen gas, oxygen gas, and nitrogen gas.
Some of the key players operating in the propellant gases market are GTS SPA, Synthesis Chimica S.r.l, Repsol, Linde, Honeywell, EURENCO/Saab, DAIKIN.
The propellant 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 Propellant 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 Propellant Gases Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propellant 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 Propellant 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 Propellant Gases Market Size & Forecast, 2020-2028
4.5.1 Propellant Gases Market Size and Y-o-Y Growth
4.5.2 Propellant 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 Hydrocarbon
5.2.2 Dimethyl Ether (DME)
5.2.3 Hydrofluorocarbons
5.2.4 Atmospheric Gases
5.2.5 Blends
5.2.6 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 Cosmetic
6.2.2 Food
6.2.3 Industrial
6.2.4 Aerospace & Defense
6.2.5 Agriculture Industry
6.2.6 Pharma & Healthcare
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propellant 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 Propellant 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 Hydrocarbon
9.6.2 Dimethyl Ether (DME)
9.6.3 Hydrofluorocarbons
9.6.4 Atmospheric Gases
9.6.5 Blends
9.6.6 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 Cosmetic
9.10.2 Food
9.10.3 Industrial
9.10.4 Aerospace & Defense
9.10.5 Agriculture Industry
9.10.6 Pharma & Healthcare
9.10.7 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 Hydrocarbon
10.6.2 Dimethyl Ether (DME)
10.6.3 Hydrofluorocarbons
10.6.4 Atmospheric Gases
10.6.5 Blends
10.6.6 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 Cosmetic
10.10.2 Food
10.10.3 Industrial
10.10.4 Aerospace & Defense
10.10.5 Agriculture Industry
10.10.6 Pharma & Healthcare
10.10.7 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 Hydrocarbon
11.6.2 Dimethyl Ether (DME)
11.6.3 Hydrofluorocarbons
11.6.4 Atmospheric Gases
11.6.5 Blends
11.6.6 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 Cosmetic
11.10.2 Food
11.10.3 Industrial
11.10.4 Aerospace & Defense
11.10.5 Agriculture Industry
11.10.6 Pharma & Healthcare
11.10.7 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 Hydrocarbon
12.6.2 Dimethyl Ether (DME)
12.6.3 Hydrofluorocarbons
12.6.4 Atmospheric Gases
12.6.5 Blends
12.6.6 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 Cosmetic
12.10.2 Food
12.10.3 Industrial
12.10.4 Aerospace & Defense
12.10.5 Agriculture Industry
12.10.6 Pharma & Healthcare
12.10.7 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 Hydrocarbon
13.6.2 Dimethyl Ether (DME)
13.6.3 Hydrofluorocarbons
13.6.4 Atmospheric Gases
13.6.5 Blends
13.6.6 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 Cosmetic
13.10.2 Food
13.10.3 Industrial
13.10.4 Aerospace & Defense
13.10.5 Agriculture Industry
13.10.6 Pharma & Healthcare
13.10.7 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 Propellant Gases Market: Competitive Dashboard
14.2 Global Propellant Gases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GTS SPA
14.3.2 Synthesis Chimica S.r.l
14.3.3 Repsol
14.3.4 Linde
14.3.5 Honeywell
14.3.6 EURENCO/Saab
14.3.7 DAIKIN
