Industrial gases are also referred to as bulk gases or commodity gases; they are produced in 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 L'Air Liquide S.A, The Linde Group, Praxair Inc., Air Products and Chemicals Inc., and Taiyo Nippon Sanso Corp. L'Air Liquide S.A was the largest competitor in the industrial gas market in 2017.
The countries covered are India, China, Japan, Australia, UK, Germany, France, Italy, Spain, Russia, USA, and Brazil.
The global industrial gas market was valued at $73.52 billion in 2017. Asia Pacific was the largest region in the global industrial gas market with over 35% market share. The USA was the largest country in the global industrial gas market with over 25% market share.
The food and beverage industry is increasingly utilizing food-grade industrial gas. Food grade gases are high purity gases that comply with food grade standards. Food grade industrial gases include nitrogen, oxygen, and carbon dioxide which are used to chill, freeze, and package a variety of food products such as dairy and frozen products, beverages, fruits, vegetables, meat, fish, seafood, convenience foods, bakery, and confectionery. Health-conscious consumers are also demanding fewer additives, and safer and fresher food products. This increases the demand for industrial gases which can sometimes be used in place of chemical ingredients.
The Global Industrial Gas Market is segmented into Nitrogen, Oxygen, Carbon Dioxide, Hydrogen and Others.
Industrial Nitrogen Market nitrogen has two main uses: for cooling and as an inert atmosphere. Liquid nitrogen is used for cooling in many industrial processes and in the food industry. Gaseous nitrogen is used to form an inert blanket over substances that would otherwise be oxidized by the air.
Oxygen Gas Market oxygen is used by steel mills to oxidize unwanted impurities in the steel. Oxygen is also used in the food industry, for medical oxygen for respiration and in oxy-acetylene torches
Carbon Dioxide (CO2) Market CO2 is used widely in the food industry for applications such as removing the caffeine from coffee beans to make decaffeinated coffee and for carbonating beer and soft drinks. It is also used for cooling in the food and manufacturing industries.
Industrial Hydrogen Gas Market hydrogen is an active agent in oil refineries and an important ingredient in a range of other industries including chemical production, metal refining, food processing and electronics manufacturing
Other gases include acetylene, helium, argon and other rare gases.