Industrial gases are gaseous at room degree and pressure and provide many common purposes in the day-to-day. These gases are transported in cylinders as a mass liquid or through a pipeline. The industrial gas sector of the world provides important products to manufacturers, innovators, and services that are essential to the world economy. In addition, many developing countries are enlarging their refining capacity to meet the fuel demand that requires industrial gases for crude refining. For decades, industrial gas companies have assisted manufacturers in the petrochemical landscape to ensure they can deliver the product quality and operational safety demanded by changing legislation, environmental regulations, and customer requirements.
According to BlueQuark Research & Consulting, the global Industrial gases market is expected to witness a considerable growth rate during the forecast period. An increase in the production and consumption of steel and its products globally is one of the primary market driving factors as oxygen and acetylene are extensively used in the steel industry for cutting, welding, melting, etc. The growing demand for industrial gases in petrochemical refining and testing of gas leakage detectors on offshore drilling platforms is anticipated to boost the market growth in the forecasted period. Furthermore, a rise in environmental degradation has significantly increased the use of agrochemicals to increase the productivity of the limited arable land. The high demand for nitrogen and hydrogen in the production of ammonia, which is a crucial ingredient of agrochemicals, is another primary market fueling factor.
According to the World Steel Associations, crude steel production reached 1,869.9 million for the year 2019, among which 70.7% of steel is manufactured using the basic oxygen process, which utilizes pure oxygen to convert a charge of liquid blast-furnace iron and scrap into steel. The basic oxygen procedure uses very high rates of powdered coal and natural gas injections that require about 300 to 1000 tons of oxygen use per day in a single furnace. In April 2019, the World Steel Associations released expects that show continued growth in global steel need in 2019 and 2020 at a pace of 1.3% and 1%, respectively. The iron and steel sector is one of the most significant users of industrial gases. It consumes substantial quantities of oxygen, nitrogen, argon, and hydrogen and a small but growing amount of carbon dioxide. Oxygen and nitrogen represent the largest share of the industrial gases used in steel manufacturing. Oxygen consumption has grown considerably in recent years, while the use of other gases has remained relatively constant. The growing trend in the construction industry is further increasing the demand and consumption of steel. The construction industry showed around 2.5% in 2019, with infrastructure work rising by approximately 13%.
Many major companies in the industry have started to adopt various digital innovations and novel technologies, like data analytics, robotics, artificial intelligence, etc., to seek cost cuts in production. Adopting advanced technology in the industrial gas sector is expected to grow further soon. In Peru, which also has more than 100 thousand active Covid-19 cases as of 9th July 2020, the president has required industrial plants to ramp up manufacturing for medical use or buy oxygen from abroad. He allocated approximately USD 28 million for oxygen tanks and new plants. Similarly, the govt. of India has granted permission for producers of industrial oxygen to produce and sell the gas for medical usage as the country is seeing a rise in coronavirus cases resulting in higher hospital admissions.
The global Industrial Gases market is fragmented based on Product and End-User industries. The End-Use Industry segment is further consolidated as Oil & Gas, Metal, Energy, Chemical, Healthcare, Electronics, and Others. Industrial gases like oxygen, nitrogen, and argon have long been an established aid to medical treatment. Year after year, researchers and technicians continue to discover new, successful applications in the field.
Industrial gases are used for medical conditions such as hemorrhage, trauma, resuscitation, etc. These gases are used for less invasive surgeries like laparoscopy, endoscopy, arthroscopy, and cryotherapy. Increasing cases of respiratory disorders such as COPD, Asthma, and Covid-19 boost the market for industrial gases in the healthcare sector. The long-term use of oxygen therapy has seriously improved the survival rate of these patients. In addition, manufacturers are introducing new technologies to improve the quality of care. For instance, Huitron, an Indian technology corporation focused on end-to-end IoT solutions, has developed an RTMS solution for medical gases, which helps track every tank's location and their gas level and mass time-based records. Due to the ongoing Covid-19 pandemic, various countries are pushing industrial gas producers to increase the manufacture of gases useful in the healthcare sector.
According to the World Health Organization (WHO), approximately 20 to 50 million people suffer non-fatal injuries every year. Furthermore, more than 18 million people died from cardiovascular diseases in 2018. An expanding number of road injuries and cardiac illnesses has also pushed the number of surgeries globally, boosting the market for medical gases like oxygen and argon. More than two million people obtain medical oxygen per year. According to the National Health Service, about 17.5% of UK hospital patients receive oxygen at a given time. Similarly, there is an increase in hydrogen gas consumption due to its positive effects on cardiovascular system diseases.
The global Industrial Gases Market is fragmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa based on geography. During the forecast period, Asia-Pacific continues to hold dominance in the global Industrial Gases Market. China's economy reduced by 6.8% in the first quarter of 2020 after the coronavirus closure but gained pace in Q2 with 3.2%. Industrial gases are widely used in metallurgy, petrochemicals, chemicals, mechanical, electronics, petroleum, and aerospace and are greatly important to the country's national defense, construction and healthcare industries. China is the world's biggest importer of industrial gases from the US due to surging demand in the area. China's gas demand is predicted to grow by 60% by 2023 due to the policies to decrease local air pollution by switching from coal to gas.
According to International Energy Agency, recently, China has shown strong demand growth for industrial gases, which has led to the increasing supplies from the US, which is projected to push the demand in the coming years. Industrial gases are primarily used in steel production; global steel consumption growth picked up by 4.9% in 2018, out of which the most significant increase was in China at a growth rate of 7.9%. Domestic steel demand has increased due to steadily rising disposable incomes and infrastructure investment. Linde, Air Products, Air Liquide, and Praxair make up almost half of the market for gas outsourcing in the country and operate more than 50 factories. Large domestic companies and MNCs such as Taiyo Nippon and Yingde obtain around a quarter of the market share. China is the electronics manufacturing hub, and its export volumes have grown substantially alongside China's economy. Industrial gases are indispensable raw materials worn in manufacturing electronics such as semiconductors, flat-panel displays, solar cells, and LED lighting. The electronics end market relies heavily on specialty gases in various processes, including etching, film-forming, doping, ion injection, and crystalline manufacture.
China is the largest consumer and producer of nitrogen fertilizers in the world. With 8% of the total arable land globally, China accounts for 32% of the world's total consumption of chemical fertilizers. From 2000 through 2017, the productivity of nitrogen fertilizer usage in China surged from 27% to 38%. Industrial gases such as hydrogen, oxygen, and carbon monoxide are vital molecules required as reaction agents for several process steps in the chemical production chain. Nitrogen is used for inserting, purging, cooling, and other specific applications. Various industries in the country have been deeply affected by the epidemic of Covid-19. The high infection rate, city closure, and transportation halts across the nation harmed the chemical industry, decreasing industrial gas demand in the sector. Still, the market in the healthcare sector has increased. Covid-19 has also impacted the oil prices owing to flight cancellations and industrial lockdowns, leading to lower demand for refined products, which has affected the consumption of industrial gases. Refineries in China have slashed controlling rates by 20 percentage points.
The market for industrial coatings is fragmented. Some of the market key players are Air Products and Chemicals, The Linde Group, Air Liquide SA, Inc., Praxair Inc, and Advanced Specialty Gases Inc.
On Jul 2020, Air Liquide and NLMK, a leading steel manufacturer in Russia, entered into a new long-term partnership. Under the agreement, Air Liquide will invest approximately 100 million euros in the flagship site of NLMK in Lipetsk.
In Jul 2020, Air Liquide signed a long-term agreement with Steel Dynamics, Inc., to supply gaseous oxygen, nitrogen, and argon to the company's new Electric Arc Furnace (EAF) steel mill in Sinton, Texas.
In Feb 2020, Air Liquide and BASF recently signed three new long-term contracts in the Antwerp basin (Belgium). Air Liquide has supplied BASF with gas for over 50 years in this significant industrial basin.
Our Global Industrial Gases Market report provides deep insight into the current and future state of the Industrial Gases market across various regions. Also, the study comprehensively analyzes the Industrial Gases market by segments based on the product (Oxygen, Nitrogen, Argon, Carbon Dioxide, Acetylene, Hydrogen, Helium, and Others (Specialty Gases, etc.)) and by end-user industry (Oil & Gas, Metal, Energy, Chemical, Healthcare, Electronics and Others (Food & Beverage, Aerospace, etc.), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on market growth, in detail. The study covers & includes emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market share and projects.
Global Industrial Gases Market Revenue, in USD Million, 2017-2027
Oxygen - Industrial Gases Market Revenue, in USD Million, 2017-2027
Nitrogen - Industrial Gases Market Revenue, in USD Million, 2017-2027
Argon - Industrial Gases Market Revenue, in USD Million, 2017-2027
Carbon Dioxide - Industrial Gases Market Revenue, in USD Million, 2017-2027
Acetylene - Industrial Gases Market Revenue, in USD Million, 2017-2027
Hydrogen - Industrial Gases Market Revenue, in USD Million, 2017-2027
Helium - Industrial Gases Market Revenue, in USD Million, 2017-2027
Others - Industrial Gases Market Revenue, in USD Million, 2017-2027
Others
Global Industrial Gases Market Share, by Region, 2020
Global Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
North America Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United States Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Canada Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Mexico Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Europe Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United Kingdom Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Germany Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Italy Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
France Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Russia Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Nordic Countries Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Europe Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South America Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Brazil Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Argentina Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of South America Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Asia-Pacific Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
China Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
India Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Japan Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Korea Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
ASEAN Countries Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Asia-Pacific Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Midde East & Africa Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Saudi Arabia Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Africa Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Middle-East & Africa Industrial Gases Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Industrial Gases - Market Share of Key Companies in 2020
Automotive Production & Sales Statistics
Growing Steel Production Trend