Report Highlights
- The global market for the industrial gas business was worth $63 billion in 2008. It decreased to an estimated $59 billion in 2009, but is projected to increase at a compound annual growth rate (CAGR) of 5.2% to $76 billion in 2014.
- Sales in the chemicals and refining-related processing market amounted to $22.7 billion in 2008, and decreased slightly to $22.4 billion in 2009, but are expected to reach $27.5 billion in 2014, for a 5-year (CAGR) of 4.1%
- The second-largest segment of the market, metal manufacturing and fabrication, was estimated to be worth $17 billion in 2008 and was expected to decrease to $14.5 billion in 2009. It’s projected to grow to more than $20 billion in 2014, for a 5-year CAGR of 6.7%.
INTRODUCTION
- To assess and quantify the current global industrial gas market and its demands
- To investigate and evaluate future markets for industrial gases in agriculture, mining/oil, gas, electronic component manufacturing, construction, manufacturing, transportation, utilities, government programs, services and health, respectively, to show how technological advances will affect worldwide industrial gas demand
- To determine the extent of the impact of industrial gas developments on the petroleum industry, and to identify major trends and shifts in the industry and relate these to future demand for industrial gases.
- Marketing managers
- Senior petrochemical executives
- Gas majors
- Decision makers from international governments
- Process licensors and engineering contractors
- Plant and operations directors
- Engineering and technology manufacturers and providers
- Process and technology support advisors
- Petrochemical and refining management specialists
- Logistical, supply chain, and e-business specialists
- Corporate, project and trade finance specialists
- Strategic planners and forecasters
- New product and business developers
- Decision makers from the chemical and energy industries/end users (oil, gas, petrochemical, fertilizer, and chemical companies)
- Automotive companies
- Fuel cell developers, as well as government agencies
- Trade associations
- Environmental consultants
- Equipment manufacturers and process designers
- Hydrogen plant manufacturers and equipment support companies
- Venture capitalists and those involved in research and development work and academic institutions.
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Report Highlights
-
The global industrial gas market was worth $29.2 billion in 2005 and $30.9 billion in 2006. Growing at a compounded annual growth rate (CAGR) of 5.2%, this market will reach almost $40 billion by 2011.
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Chemical and refining-related processing held the largest share of the market, worth just over 34.3% in 2006 ($10.6 billion) and 33.8% in 2011 ($13.5 billion).
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The electronics sector has the highest growth potential throughout the forecast period, with a CAGR of 7.2%. By 2011, this sector will be worth more than $6.9 billion.
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Europe is the largest geographical market for industrial gases, with 34% of the total global market in 2005, dropping slightly to 32% by 2011. Close behind Europe is North America, with 32% of the market in 2005 and 31% in 2011.
Report Highlights
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World industrial gas demand is estimated to be $36.1 billion in 2003. .
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Rising at an AAGR (average annual growth rate) of 7.5%, demand is expected to reach nearly $52 billion in 2008.
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Chemicals and refining processes should rebound from flat sales.
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Metal manufacturing will remain the largest market segment through the period, but its share will drop from 15.6% to 14%.
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Highest average annual growth will be seen in the electronics industry, a robust 11%.
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Medical applications also will see strong growth through 2008.
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