The market was
valued at USD 38.0 billion in 2011 and is expected to reach an
estimated value of USD 58.4 billion in 2018, growing at a CAGR of
6.3% from 2012 to 2018.
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report Industrial Gases Market - Global and U.S. Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2012 – 2018
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Growth in associated
industries such as transportation, food and beverages, metal
fabrication and chemical manufacturing are some of the drivers for
the global industrial gases market. Rapid industrialization in
emerging Asian economies such as India and China will serve the
market as future growth opportunities.
Hydrogen dominated
the market in 2011 in terms of market share and is also expected to
be the fastest growing segment over the next five years at an
estimated CAGR of 6% from 2012 to 2018. Global demand for Nitrogen
and Oxygen is expected to reach USD 6.2 billion and USD 6.1 billion
by 2018 respectively.
In 2011, Asia
Pacific led the market in terms of demand due to increasing domestic
consumption in India, China and South Korea. The Asia Pacific
industrial gases market is expected to grow at a CAGR of over 7% from
2012 to 2018, which is the fastest across all regional markets.
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Air Liquide held
majority of market share at over 24% in 2011 on account of its wide
product portfolio covering all the industrial gas segments and
revenue generation from the emerging Asian and Eastern European
countries. Air Liquide was followed by Linde Gas in terms of market
share in 2011. Other key market players dominating the global
industrial gases market include Matheson tri-Gas Inc., Air Products
and Chemicals Inc., Praxair Inc., Air Gas Inc., and others.
The global
industrial gases market is categorized into the following segments:
Industrial
Gases Market by Products
Hydrogen
Nitrogen
Oxygen
Carbon Dioxide
Argon
Helium
AcetyleneIndustrial
Gases
Market by Geography
North
America
U.S.
Europe
Asia-Pacific
Rest of the
World (RoW)
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