1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
  4. > Industrial Gases

Industrial Gases: Get Market Research and Figures

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
4 votes

Global Industrial Gases Industry

Research from Global Industry Analysts shows that the industrial and specialty gas market (a segment of the wider chemicals industry) will reach 11 trillion cubic feet by 2017. The global industrial gases industry continues to weather the inclement economic conditions well. Growth in this sector is fuelled by increased petroleum reserves in emerging markets and investments in infrastructure development. The industry is not as sensitive to economic fluctuations as other sectors due to the breadth of end-user industries.

Global industrial and specialty gases industry players are using a range of strategies and business alliances in a bid to optimize market penetration and boost producer margins. Industry growth is expected to take off after 2012 on the back of a higher degree of economic recovery, along with greater production output fuelled by growing demand as consumer confidence is restored.

The global industrial and specialty gas sector encompasses outfits mainly involved in the commercial manufacture of liquefied or compressed inorganic industrial and medical gases, which are sold on for use in industrial processes and other applications. Featuring among the most-used industrial gases are acetylene, oxygen, helium, nitrogen, carbon monoxide, carbon dioxide and hydrogen. Various mixtures of these main industrial gases are also widely used.

Market Segments

Hydrogen represents the fastest growing segment in the global industrial gas sector, according to research from Global Industry Analysts. Hydrogen demand is being driven by petroleum sector preference for cleaner burning and low-sulfur fuels in the face of rising awareness of environmental issues and government legislation to adopt clean-fuel standards.

As energy diversity becomes an increasingly central issue, demand for oxygen will continue to rise in over the long term. Oil sands projects and gas-to-liquids programs in the Middle East along with coal gasification projects represent huge sources of oxygen demand. After petroleum refining, the next-largest sector for industrial gases remains the metal fabrication and production industry. Expansion in this industry is driven by rising use of electric arc furnaces, advanced production methods requiring industrial gases and rising demand for products manufactured using stainless steel.

Regional Market Share

The US still dominates the global industrial gas sector, reports Global Industry Analysts. However, Asia-Pacific is considered as affording the highest growth prospects, with China and India thought to hold the highest growth potential in the industry. Growth in these countries will be fuelled by the fact that the electronics, food processing and semiconductor industries are increasingly concentrated in these regions, along with extensive infrastructure development. Leading players in the US industrial gas industry continue to invest in acquisitions, franchising of local firms, joint ventures and construction of projects in emerging economies.

The US market for hydrogen as an energy source and a chemical constituent was worth $22 billion in 2010, reports BCC Research. Market growth is expected to reach a yearly rate of 3%, driving the market to almost $26 billion in 2015. The refining segment of the US hydrogen market was worth $9 billion in 2010. The market is forecast to exceed 8% yearly growth to reach almost $14 billion in 2015. Total global hydrogen production as chemical constituent and energy source was worth $120 billion in 2010. Market growth is expected to reach an annual rate of more than 6% to hit $163 billion by 2015.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 646 893 5945

1-10 of about 500 reports

Global Industrial Gases Industry

  • July 2017
    5 pages
  • Semiconductor  

    Silicon  

  • World  

    United States  

View report >

Industrial Gases Industry in the US

  • November 2017
    9 pages
  • Industrial Gase...  

  • United States  

    North America  

View report >

Industrial Gases Industry in Europe

  • January 2016
    8 pages
  • Industrial Gase...  

  • Europe  

View report >

Industrial Gases Industry in Germany

  • January 2016
    78 pages
  • Germany  

View report >

Industrial Gases Industry in the UK

  • August 2017
    108 pages
  • Industrial Gase...  

    Specialty Chemi...  

  • United Kingdom  

View report >

Industrial Gases Statistics in Canada

  • April 2017
    64 pages
  • Industrial Gase...  

  • Canada  

    North America  

View report >

Industrial Gases Supply in Russian Federation

  • March 2016
    5 pages
  • Industrial Gase...  

  • Russian Federat...  

    Europe  

View report >

Industrial Gases Industry in China

  • March 2016
    10 pages
  • Industrial Gase...  

  • China  

View report >

Search in Industrial Gases Industry (About 500 reports)
Parent industry: Specialty Chemical
Related industries: Cleaning Compound, Paint and Coating, Fuel Additive, Printing Inks, Plastic

About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 149 - $ 5795)

Air Separation Plant Market: Global Forecast until 2026

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“The global air separation plant market is projected to grow at a CAGR of 5.3% from 2016 to 2026”The global air separation plant market is projected to reach USD 7.27 billion by 2026, at a CAGR of ...

Cryogenic Hoses Sector: Worldwide Forecast until 2021

July 2017 $ 3500

Air Separation Plant Sector: Worldwide Forecast until 2 ...

August 2017 $ 3500

Cryogenic Equipment Market: Global Forecast until 2021

September 2016 $ 5650

Tunable Diode Laser Analyzer Market: Global Forecast u ...

May 2016 $ 5650

Cryogenic Tanks Sector: Worldwide Forecast until 2021

February 2017 $ 3500

Specialty Gasses Sector: Worldwide Forecast until 2021

December 2016 $ 2500

Liquid Nitrogen Sector: Worldwide Forecast until 2021

September 2017 $ 3500

Industrial Gases Sector: Worldwide Forecast until 2021

September 2017 $ 3500

Cryogenic Tanks Industry: Forecasts to 2024

November 2016 $ 5795

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.