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This “2021 Industrial Gas Global Market Report: Impact of COVID-19 and Recovery to 2030” Report has been added to ResearchAndMarkets.com provide.
Major companies in the industrial gas market include Air Liquide; Linde Group; Praxair; Air Products and Mitsubishi Chemical Holdings
The global industrial gas market is expected to grow from US$96.81 billion in 2020 to US$101.06 billion in 2021, with a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to the company rescheduling its operations and recovering from the impact of COVID-19, which has previously led to restrictive containment measures, including social distancing, remote work, and the closure of business activities. Operations brought challenges. By 2025, the market size is expected to reach 122.43 billion U.S. dollars, with a compound annual growth rate of 5%.
The Asia-Pacific region is the largest region in the global industrial gas market, accounting for 42% of the market by 2020. North America is the second largest region, accounting for 24% of the global industrial gas market. Africa is the smallest region in the global industrial gas market.
Industrial gas companies are increasingly supplying carbon dioxide emitted from industrial facilities to greenhouses. Carbon dioxide emitted by power plants and refineries is stored in local capacity and empty natural gas fields, and piped to greenhouses.
This process can be used as a smart CO2 recycling solution and reduce the carbon footprint of the greenhouse. For example, Linde collects carbon streams from a Shell refinery near Rotterdam in the Netherlands and provides approximately 400,000 tons of carbon dioxide to more than 580 greenhouses spanning Rotterdam and Amsterdam. This saves 115 million cubic meters of natural gas combustion and avoids 205,000 tons of carbon dioxide emissions per year.
During the forecast period, global interest rates in most developing and advanced economies are expected to rise; this is expected to limit new investment in the market. Most countries in the world are raising interest rates to control inflation and limit capital outflow from the country. This may affect the expansion of new products and new investments in research and development. For example, it is expected that by 2021, interest rates in the United States will rise to 3.5%. As borrowing money becomes expensive, these factors are expected to have a negative impact on the market, thereby affecting market growth.
New developments are taking place in the healthcare sector, and there is increasing emphasis on health and a better quality of life in general. In addition to oxygen, nitrous oxide, and nitric oxide, other industrial gases (such as hydrogen, helium, and xenon) are also ready to be used in drug-based products.
The use of induced pluripotent stem cells (IPS) for treatment and drug development, and the application of systems that use gases such as carbon dioxide and liquid nitrogen has brought new added value to the industry, which is necessary for the cultivation and preservation of cells and tissues that drive demand Indispensable for advanced industrial gases.
Key topics covered:
1.executive Summary
2. Report structure
3. Industrial gas market characteristics
3.1.Market definition
3.2.Key segmentation
4. Product analysis of industrial gas market
4.1.Leading products/services
4.2.Main features and differentiation
4.3.Product development
5. Industrial gas market supply chain
5.1.supply chain
5.2.distribution
5.3.final customer
6. Customer information in the industrial gas market
6.1.Customer preferences
6.2.End-use market size and growth
7. Industrial gas market trends and strategies
8. The impact of COVID-19 on industrial gases
9. Industrial gas market size and growth
9.1.Market size
9.2. Historical market growth, value (US$ billion)
9.2.1.Market drivers
9.2.2.Market constraints
9.3. Forecast market growth, value (US$ billion)
9.3.1.Market drivers
9.3.2.Market constraints
10. Regional analysis of industrial gas market
10.1. 2020 global industrial gas market, by region, value (billions)
10.2. 2015-2020 global industrial gas market, 2020-2025F, 2030F, history and forecast, by region
10.3.Global industrial gas market, growth and market share comparison by region
11. Industrial Gas Market Segmentation
11.1.Global industrial gas market, segmented by type, history and forecast, 2015-2020, 2020-2025F, 2030F, USD 1 billion
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nitrogen
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oxygen
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carbon dioxide
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hydrogen
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Other industrial gases
11.2.Global industrial gas market, segmented by end-user industry, history and forecast, 2015-2020, 2020-2025F, 2030F, USD 1 billion
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chemicals
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metallurgy
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manufacturing
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Food and Beverage
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health care
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other
11.3.Global industrial gas market, segmented by supply method, history and forecast, 2015-2020, 2020-2025F, 2030F, USD 1 billion
11.4.Global industrial gas market, segmented by packaging, history and forecast, 2015-2020, 2020-2025F, 2030F, USD 1 billion
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Cylinder
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bottled
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Jar
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Cartridge
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Cryogenic storage tank/container
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other
12. Industrial gas market indicators
12.1. 2015-2025 global industrial gas market size, as a percentage of GDP
12.2. 2015-2025 global industrial gas market average expenditure per capita
Companies mentioned
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Liquid air
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Linde Group
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Praxair
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Air Products
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Mitsubishi Chemical Holdings
For more information about this report, please visit https://www.researchandmarkets.com/r/eh62v2
View the source code version on businesswire.com: https://www.businesswire.com/news/home/20210519005450/zh/
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