Industrial Gases Market Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices 2020–2025
Industrial gases are used across multiple industries including chemicals, power, medicine, electronics, aerospace, food, and beverages, etc. There are thousands of available industrial gases used in these industries. However, certain industry gas groups and their subgroups have wide acceptance in the market. The list of major industrial gases and their groups are as follows:
- From Hydrogen: Hydrogen Bromide, Hydrogen Chloride, Hydrogen Fluoride, Hydrogen Sulfide
- From Nitrogen: Ammonia, Nitric Oxide, Nitrous Oxide, Nitrogen Dioxide, Nitrogen Trifluoride
- Noble gases: Argon, Helium, Krypton, Neon, Xenon
- The Hydrocarbons: Acetylene, Butane, Butadiene, Butene, Ethane, Ethylene, Methane
- The Halogens: Chlorine, Boron Trichloride, Chlorine Trifluoride, Dichlorosilane, Ethyl Chloride, Silicon Tetrachloride, Trichlorosilane, Fluorine, Boron Trifluoride, Sulfur Hexafluoride
- From Air: Oxygen, Carbon Dioxide, Carbon Monoxide, Ethylene Oxide, Sulfur Dioxide
- Other prominent gases: Arsine, Diborane, Germane, Mercaptans and Sulfur compounds
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Demand Outlook
The global industrial gas market is valued at USD 92 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2025 due to high demand from manufacturing industries in the developing economies of Asia Pacific. The manufacturing applications is the largest customer segment industrial gases market in 2020 with more than 25% market share. Moreover, the rise of the COVID-19 pandemic has driven the demand for medical-grade industrial gases in healthcare applications, making it one of the fastest-growing segments during the forecast period.
Cost Drivers
The cost of industrial gases is majorly dependent on the type of gas group and their applications. Most of the primary industrial gases have similar cost drivers. Electricity cost is the major cost component with more than 50% of the overall cost of industrial gas generation followed by labor and machinery cost.
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