May 31, 2022   SOURCE: BusinessWire

Global Industrial Gases Market Report (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

The "Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global industrial gases market reached a value of US$ 93.7 billion in 2021. Looking forward, the market is projected to reach US$ 129.1 billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.

Companies Mentioned

  • Air Liquide S.A.
  • Linde Group
  • Praxair Inc.
  • Air Products and Chemicals Inc.
  • Airgas Inc

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

Industrial gases refer to the gases produced in large quantities for usage in industrial processes. Depending on their application in different sectors, these gases are also known as fuel, medical, refrigerant, or specialty gases. Some of the industrial gases, such as oxygen and helium, provide a base for life support for artificially ventilated patients and modern anesthetic techniques. Hydrogen is used in the transportation industry and oxygen in gasification plants, hospitals and steel manufacturing plants. In addition, liquid helium is utilized in magnetic resonance imaging (MRI) equipment to cool down superconductive magnet coil scanners.

In recent years, technological innovations in the usage of various industrial gases have bolstered the growth of the market. For instance, liquid oxygen and hydrogen are being used in propellants to launch rockets that carry broadcast, communications and meteorological satellites into space.

Apart from this, the leading companies are investing in research and development activities (R&D) to develop new and improved methods to produce and distribute industrial gases across the globe. Moreover, several international non-profit organizations, such as the European Industrial Gases Association, provide manufacturers with expert advice on the production, transport, storage and utilization of industrial gases. They also promote consistency of safety, health, environmental and technical standards throughout the industrial gas industry.

However, the demand and production of industrial gases are being affected by the spread of the coronavirus disease (COVID-19), which has led to a slow-down in the commercial, transportation and industrial activities.

Key Questions Answered in This Report

1. What was the global industrial gases market size in 2021?

2. What will be the global industrial gases market outlook during the forecast period (2022-2027)?

3. What are the global industrial gases market drivers?

4. What are the major trends in the global industrial gases market?

5. What is the impact of COVID-19 on the global industrial gases market?

6. What is the global industrial gases market breakup by type?

7. What is the global industrial gases market breakup by application?

8. What is the global industrial gases market breakup by supply mode?

9. What are the major regions in the global industrial gases market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Properties

4.3 Key Industry Trends

5 Global Industrial Gases Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Type

5.5 Market Breakup by Application

5.6 Market Breakup by Supply Mode

5.7 Market Breakup by Region

5.8 Market Forecast

5.9 SWOT Analysis

5.10 Value Chain Analysis

5.11 Porters Five Forces Analysis

6 Market Breakup by Type

7 Market Breakup by Application

8 Market Breakup by Supply Mode

9 Market Breakup by Region

10 Imports and Exports

10.1 Imports by Major Countries

10.2 Exports by Major Countries

11 Industrial Gases Manufacturing Process

11.1 Product Overview

11.2 Raw Material Requirements

11.3 Manufacturing Process

11.4 Key Success and Risk Factors

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

12.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/pxpdzd