Industrial Gases Sector Analysis: Forecast for 2023-2030
Industrial Gases Industry Data Book | Forecast 2030
Industrial Gases Industry Data Book - Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030
Grand View Research’s industrial gases sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
Access the Global Industrial Gases Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Oxygen Market Analysis And Forecast
Oxygen is the second largest component of the atmosphere, comprising around 21% volume. Although oxygen is utilized by living beings on Earth, it has applications across different end-use industries. Oxygen is usually available in the gaseous form, but for storage and transportation purposes, it is generally liquefied for ease of handling. Oxygen finds application in various end-use industries including automotive & transportation equipment, aerospace & aircraft, chemicals, glass, healthcare, energy, metal production, pulp & paper, refining, water & wastewater treatment, pharmaceutical & biotechnology, and welding & metal fabrication. Oxygen finds wide application in the metal industries in combination with acetylene and other fuel gases for scarfing, metal cutting, hardening, welding cleaning, and melting. Oxygen or oxygen-enriched air is extensively used in the iron and steel manufacturing process.
Order your copy of the Free Sample of “Industrial Gases Industry Data Book - Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, Data Book published by Grand View Research
Nitrogen Market Analysis And Forecast
Nitrogen is a highly demanded industrial gas owing to its rising consumption in applications like food & beverages, light bulb manufacturing, fire suppression system, steel manufacturing, aircraft fuel system, chemical manufacturing, and others. The growing automotive and chemicals industry in the developing economies of the world is fueling the demand for nitrogen. In January 2023, Atlas Copco Industrial Assembly Solutions announced that it has installed a nitrogen generation system with the intention to serve the global automotive industry.
Plastic manufacturers are highly dependent on nitrogen supplies due to their high usage in the manufacturing process. Plastic manufacturers mainly use nitrogen in gas-assisted injection molding projects. The gas-assisted process is widely used in the production of large plastic parts. According to the Plastic Industry Association, plastic production in the U.S. reportedly increased by 5.7% in February 2022 as compared to February 2021.
Hydrogen Market Analysis And Forecast
Hydrogen gas is mainly utilized for welding purposes in industrial operations. Hydrogen helps enhance stability in plasma welding and cutting activities in various welding processes. Hydrogen can also be mixed with argon to provide a gas shield to protect the welded metal from corrosion and contamination. In addition, hydrogen plays a key role in metal fabrication to secure metal products from oxidation during heat treatment. Another major application of hydrogen is in glass manufacturing. Hydrogen is used in combination with other gases to secure glass from oxidation during glass production.
Go through the table of content of Industrial Gases Industry Data Book to get a better understanding of the Coverage & Scope of the study
Carbon Dioxide Market Analysis And Forecast
Carbon dioxide is pivotal to the welding process of metal in metal fabrication plants. Carbon dioxide is utilized as a shield to help produce high welding rates in metal inert gas and metal arc welding processes. Welders often prefer carbon dioxide in their welding operations owing to its low prices and deep weld penetration, even through thick metals. Furthermore, carbon dioxide is a prominent fire suppressor due to its properties of displacing oxygen in the environment, which helps suppress the spread of fire. Carbon dioxide presents a low risk of water damage and requires very little clean-up.
The growing usage of metal in the automotive and aerospace industry is anticipated to drive demand for carbon dioxide over the projected years. The demand for automobiles surged during the period of Covid-19 owing to safety concerns regarding public transport. Shut down of public transport due to prolonged lockdown during the year 2020-21, compelled people to consider purchasing passenger cars for commuting purposes, and that also provided safety from Covid-19 infection. This factor triggered the demand for automobiles in countries like China, India, and the U.S. This factor is likely to bolster the demand for metal welding, as a result, will positively impact the carbon dioxide market over the forthcoming years.
Argon Market Analysis And Forecast
Argon gas is extensively used in automotive assembly plants to weld seats, suspensions, axles, and exhaust system. Argon gas presents high application in welding and casting. Argon is categorized as a nonreactive gas, which makes it an ideal shield gas. In addition, argon is heavily utilized for glass manufacturing owing to its application in filling thermal holes in windowpanes. The rising usage of glass in a range of industries such as consumer goods, electronics, construction, and others has been driving demand for argon gas during the past many years. In addition, the growing usage of personal vehicles for commuting and traveling purposes is expected to further elevate the demand for argon gas over the future years.
Acetylene Market Analysis And Forecast
Acetylene gas plays a key role in welding and cutting processes. The acetylene welding process is widely known as cutting coal or cutting oxy-fuel. Acetylene is highly used for cutting and welding metal materials that require temperature of up to 3,500° C. Acetylene is highly flammable gas that is extensively used for cutting torches in metal welding processes. Oxy-fuel cutting is an effective method for soldering metal rods to base metal and melting steel and iron. Furthermore, acetylene is used as a carbon source for carburizing processes by the automotive industry. The growing automotive industry driven by the rapid increase in urbanization has spurred the usage of acetylene gas. Acetylene is also used for the manufacturing of portable lights. The rising power cut issue, predominantly in rural areas, is likely to escalate the demand for portable lights, in turn, will excel the consumption of acetylene over the forthcoming years.
Competitive Insights
The global industrial gas market is highly competitive due to presence of a large number of well small scale and large-scale manufacturers and suppliers of industrial gases. The small-scale companies majorly focus on stable pricing, regular supply, and product quality to serve the best to its clients. Whereas the large-scale companies regularly invest time and money on research and development activities for innovation and new product development related to industrial gases. Large-scale companies also focus on building a strong supply chain for the seamless distribution of industrial gases to their customers.
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