Industrial gases are also referred to as bulk gases or commodity gases; they are produced in relatively large quantities by companies for use in a variety of industrial manufacturing processes. The industrial gas industry comprises establishments primarily engaged in manufacturing industrial organic and inorganic gases in compressed, liquid, and solid forms.
The top five companies covered are Linde Group, L'Air Liquide S.A, Air Products and Chemicals Inc., Taio Nippon Sanso Group and Praxair. Linde AG was the largest company in the industrial gas market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global industrial gas market was valued at around $52 billion in 2017. Asia Pacific was the largest region in the industrial gas market in 2017, accounting for above 39% market share. China was the largest country in the market in 2017, accounting for above 20% market share.
Cars powered by hydrogen gas are being produced by some automobile manufacturers driving demand for this industrial gas. These cars produce lower emissions than traditional vehicles, as the only emission from the car is water either in the form of water vapour or droplets there are no emissions of carbon dioxide, nitrogen or particulates. Consumers’ preference for alternative fuel vehicles is driving the demand for hydrogen powered vehicles and hydrogen gas.
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