The term “industrial gases” refers
to the gaseous materials that are manufactured for the use in industries. Some
of these industrial gases are nitrogen, carbon dioxide, oxygen, argon,
hydrogen, acetylene, and helium. A wide variety of these industrial gases and
mixtures is available in gas cylinders. Few examples of industrial gases that
are delivered in gas cylinders are medical oxygen, balloon helium, welding gases
and welding equipment, dispensing gases for beer kegs, and LPG. There are also
a wide variety of hand-carried small gas containers that are used to deliver
industrial gases. These small gas containers include cylinders, bottles,
cartridges, capsules, or canisters that are used to supply LPG, propane,
butane, nitrous oxide, or carbon dioxide. Other examples are whippets,
campingaz, powerlets, and sodastream.
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Industrial gases are used in
numerous end-use industries including oil and gas, petrochemicals, power,
environmental protection, mining, steelmaking, chemicals, metals, medicine,
nuclear power, electronics biotechnology, food, water, pharmaceuticals,
fertilizers, and aerospace. Industrial gases are sold to other industrial
enterprises. Of the end-use industries, metals industry is expected to lead the
global industrial gases market. These industrial enterprises mainly comprise
huge orders of corporate industrial clients that range from building a process
facility or pipeline to cylinder gas supply.
The global industrial market is
segmented on the basis of type, function, and end-use. Based on the type, the
market is segmented as oxygen, hydrogen, nitrogen, and others. The others
segment includes carbon dioxide, argon, acetylene, and helium. On the basis of
function, the market is segmented as fabrication, metal manufacturing, and
others. Based on the end-use application, the market is segmented as oil and
gas, petrochemicals, metals, aerospace, and others.
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Asia Pacific dominated the market by
its substantial market share in the global industrial gases market. A
considerable increase is observed in the domestic consumption of these
industrial gases in the developing countries such as India and China. Owing to
this, the demand for industrial gases in Asia Pacific is anticipated to witness
high growth in the near future. North America and Europe are the next market
players dominating the industrial gases market after Asia Pacific.
Increasing international and
domestic trade is one of the factors positively impacting the industrial gases
market growth in the developing countries such as India and Brazil. In
addition, rising industrialisation in the developing countries of Asia Pacific
and the Middle East countries is also anticipated to boost the growth of the global
market. Conversely, strict government regulations to meet the environment
regulation, to some extent, may hinder the growth of the global industrial
gases market.
Major players of the industrial
gases market include L’Air Liquide SA, Air Products and Chemicals Inc., Praxair
Inc., and Airgas Inc. Other key players are Linde AG, Taiyo Nippon Sanso Corp.,
and Matheson tri-Gas Inc.
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Industrial Gases Market: Regional
Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
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