The Global Industrial Gas Business
The market for industrial gas was valued at $60.3 billion in 2011 and increased to $62.1 billion in 2012. Total market value is expected to reach $76.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 4.2%.
- An overview of the industrial gas business, which includes data on supply of and demand for industrial gases by type, technology, and application in current U.S. dollars for the major global regions.
- Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017.
- Discussion of the importance of the industrial gas industry to the overall global economy.
- Reviews of major products and applications.
- Descriptions of current and emerging technologies for the production, distribution, and end use of industrial gases.
- Examinations of government environmental and energy regulations as they apply to industrial gases, and descriptions of environmental regulation changes and the agencies involved.
- Identification of market segments by product type, type of end user, application, production technology, purity grade, region, distribution channel, and supply mode (e.g., pipeline, cylinder, etc.).
- Comprehensive company profiles of major players in the industry.
This study presents data on supply of and demand for industrial gases by type, technology and application in current U.S. dollars for the major global regions. The report starts with an overview describing the importance of the industrial gas industry in relation to the overall global economy. Major products and applications are then reviewed.
The next section contains a detailed description of current and emerging technologies for the production, distribution and end use of industrial gases. The government environmental and energy regulation scene is discussed as it applies to industrial gases, and there are descriptions of environmental regulation changes and the agencies involved.
The core of the report is an analysis of the industrial gas market’s size and segmentation for the period from 2011 to 2017. The market is segmented by product type, end–user type, application, production technology, purity grade, region, distribution channel and supply mode (e.g., pipeline, cylinder).
The report concludes with an analysis of the structure of the industrial gas industry, including its major players, market shares, and merger and acquisition trends. Patents relating to industrial gases are analyzed, and another chapter contains profiles of companies involved in the industrial gas business.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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- 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%.
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.
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).
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.
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.
World industrial gas demand is estimated to be $36.1 billion in 2003. .
Rising at an AAGR (average annual growth rate) of 7.5%, demand is expected to reach nearly $52 billion in 2008.
Chemicals and refining processes should rebound from flat sales.
Metal manufacturing will remain the largest market segment through the period, but its share will drop from 15.6% to 14%.
Highest average annual growth will be seen in the electronics industry, a robust 11%.
Medical applications also will see strong growth through 2008.