Industrial gases are used across multiple industries including chemicals, power, medicine, electronics, aerospace, food, and beverages, etc. There are thousands of available industrial gases used in these industries. However, certain industry gas groups and their subgroups have wide acceptance in the market. The list of major industrial gases and their groups are as follows:
From Hydrogen: Hydrogen Bromide, Hydrogen Chloride, Hydrogen Fluoride, Hydrogen Sulfide
From Nitrogen: Ammonia, Nitric Oxide, Nitrous Oxide, Nitrogen Dioxide, Nitrogen Trifluoride
Noble gases: Argon, Helium, Krypton, Neon, Xenon
The Hydrocarbons: Acetylene, Butane, Butadiene, Butene, Ethane, Ethylene, Methane
The Halogens: Chlorine, Boron Trichloride, Chlorine Trifluoride, Dichlorosilane, Ethyl Chloride, Silicon Tetrachloride, Trichlorosilane, Fluorine, Boron Trifluoride, Sulfur Hexafluoride
From Air: Oxygen, Carbon Dioxide, Carbon Monoxide, Ethylene Oxide, Sulfur Dioxide
Other prominent gases: Arsine, Diborane, Germane, Mercaptans and Sulfur compounds
The global industrial gas market is valued at USD 92 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2025 due to high demand from manufacturing industries in the developing economies of Asia Pacific. The manufacturing applications is the largest customer segment industrial gases market in 2020 with more than 25% market share. Moreover, the rise of the COVID-19 pandemic has driven the demand for medical-grade industrial gases in healthcare applications, making it one of the fastest-growing segment during the forecast period.
The cost of industrial gases is majorly dependent on the type of gas group and their applications. Most of the primary industrial gases have similar cost drivers. Electricity cost is the major cost component with more than 50% of the overall cost of industrial gas generation followed by labor and machinery cost.
The emission of Industrial gases into the atmosphere causes Ozone depletion. Hence, there are strict regulations in place to control and monitor the production, storage, and transportation of gases. For instance, The European Union (EU) has sanctioned regulations that specify the composition of hydrocarbons for the storage and distribution of industrial gases. Moreover, preventing and implementing natural based industrial gases and the need of skilled labor while working with flammable gases became a challenge to the manufacturers and regulating bodies.
Air Liquide; Air Products & Chemicals; Messer Group; Taiyo Nippon Sanso; The Linde Group are the key supplier of industrial gases. The industrial gases market feature a highly consolidated landscape with top five players contributing around 80% of the market share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions Grand View Research will help our client identify the best-suited suppliers by mapping their core capabilities and operational efficiency.
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Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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