Industrial Gases from Air Separation by Type (Overview: Global Industrial Gases from Air Separation Consumption Value, Nitrogen, Oxygen, Xenon), by Application (Overview: Global Industrial Gases from Air Separation Consumption Value, Steel Industry, Chemical & Energy, Healthcare, Electronics, Food & Beverage, Automotive, Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global industrial gases from air separation market size was valued at USD 112,960 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2033. The growth of the market is attributed to the increasing demand from various end-use industries, such as steel, chemicals, energy, and healthcare. The steel industry is the largest consumer of industrial gases, accounting for over 50% of the global demand. The growing demand for steel from emerging economies, particularly in China and India, is driving the growth of the industrial gases market.
The market is expected to witness significant growth in the Asia Pacific region. The region is home to some of the world's largest steel producers, such as China, India, and Japan. The growing demand for steel from these countries is expected to drive the growth of the industrial gases market in the region. Other factors contributing to the growth of the market include the increasing demand for industrial gases in the chemical, energy, and healthcare industries.
The market for industrial gases from air separation has been witnessing steady growth over the past decade, with a global consumption value of approximately $180 billion in 2022. Rising urbanization, industrialization, and technological advancements are key factors driving the demand for industrial gases. Nitrogen, oxygen, and xenon are the most commonly used industrial gases, with nitrogen accounting for the largest share of consumption due to its wide application in various industries.
The growth of the industrial gases industry is attributed to several key factors:
Despite the positive growth prospects, the industry faces certain challenges:
Key Regions:
Key Segments:
Several factors are expected to drive the growth of the industrial gases industry in the coming years:
The industrial gases industry has witnessed several significant developments in recent years:
This report provides a comprehensive overview of the industrial gases from air separation market, covering key market trends, drivers, challenges, growth catalysts, and industry developments. It includes in-depth analysis of key regions and segments, along with profiles of leading players. The report provides insights into the industry's future prospects and helps businesses make informed decisions to capitalize on growth opportunities.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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