NEW YORK, May 11, 2023 /PRNewswire/ -- The size of the industrial gases market in Europe is forecasted to increase by USD 5,760.87 million from 2022 to 2027. However, the growth momentum of the market will decelerate at a CAGR of 4.12%. The growth of the market will be driven by the increased demand from end-user industries, rapid surface chilling technology, and increasing M&A activities. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report.
The increased demand from end-user industries is driving market growth. Industrial gases can be used in various applications in the process, metal, and manufacturing industries. They are widely used in the production and manufacturing of metals. Process industries, including oil and gas, petrochemicals, and chemicals, are the major contributors to the market. These industries use special gases, medical gases, refrigerant gases, and fuel gases to improve their operations. The gases are used to produce or process the final product. Therefore, the rapid growth of these end-user industries is driving the demand for industrial gases. Such factors, in turn, will drive market growth during the forecast period.
Industrial gases as an alternative source of energy is a major trend in the market. Hydrogen is abundant, renewable, and emission-free. Therefore, it can be used to reduce greenhouse gas (GHGs) emissions, as it is an alternative to petroleum-based fuels. Hydrogen can also be used as a fuel to reduce harmful gas emissions from traditional engines and replace conventional fuel. In addition, liquid nitrogen is primarily used as a coolant and as a source of primary power in the automotive industry. Moreover, there is a shift toward hybrid buses, which use hybrid propulsion systems. These factors will create new opportunities for vendors in the market.
Safety issues are challenging market growth. Many industrial gases are carcinogenic, which makes them harmful to workers. Therefore, high-pressure cylinders and fluid containers should be handled with care. However, the lack of skilled labor affects the use of these gases, which adversely affects the growth of the market. Moreover, regulatory agencies monitor the use of industrial gases in manufacturing facilities, as they can pose a serious threat to human health and safety. Therefore, safety issues related to the production, transportation, and distribution of industrial gases affect the growth of this market.
Technavio has extensively analyzed 15 major vendors, including Air Liquide SA, Air Products and Chemicals Inc., BASF SE, Ellenbarrie Industrial Gases Ltd., GAZ SYSTEMES SASU, IJSFABRIEK STROMBEEK NV, Iwatani Corp., Linde Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Holdings Corp., SOL Spa, Stockholm Gas AB, Westfalen AG, and Xebec Adsorption Inc.
Key benefits for industry players & stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
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The market is segmented by end-user (manufacturing, chemical processing, metallurgy, medical and healthcare, and others) and distribution channel (packaged, merchant, and tonnage)
Segmentation by end-user
- The manufacturing segment will account for a significant share of market growth during the forecast period. This sector includes applications in glass manufacturing, paper and pulp, and automotive industries. Industrial gases such as hydrogen, nitrogen, oxygen, carbon dioxide, and argon are used extensively for manufacturing specialty glass, float glass, solar glass, and fiberglass. Such factors will drive the growth of the manufacturing segment growth during the forecast period.
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What are the key data covered in this report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the industrial gases market in Europe between 2023 and 2027
- Precise estimation of the size of the industrial gases market in Europe and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industrial gases market in Europe
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of industrial gases market vendors in Europe
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Industrial Gases Market Scope in Europe |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.12% |
Market growth 2023-2027 |
USD 5,760.87 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.47 |
Key countries |
Germany, France, Italy, UK, and Rest of Europe |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Air Liquide SA, Air Products and Chemicals Inc., BASF SE, Ellenbarrie Industrial Gases Ltd., GAZ SYSTEMES SASU, IJSFABRIEK STROMBEEK NV, Iwatani Corp., Linde Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Holdings Corp., SOL Spa, Stockholm Gas AB, Westfalen AG, and Xebec Adsorption Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
4 Historic Market Size
- 4.1 industrial gases market in Europe 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on industrial gases market in Europe 2017 - 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.3 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 29: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 30: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 31: Chart on Comparison by End-user
- Exhibit 32: Data Table on Comparison by End-user
- 6.3 Manufacturing - Market size and forecast 2022-2027
- Exhibit 33: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
- 6.4 Chemical processing - Market size and forecast 2022-2027
- Exhibit 37: Chart on Chemical processing - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Chemical processing - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Chemical processing - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Chemical processing - Year-over-year growth 2022-2027 (%)
- 6.5 Metallurgy - Market size and forecast 2022-2027
- Exhibit 41: Chart on Metallurgy - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Data Table on Metallurgy - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Chart on Metallurgy - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Metallurgy - Year-over-year growth 2022-2027 (%)
- 6.6 Medical and healthcare - Market size and forecast 2022-2027
- Exhibit 45: Chart on Medical and healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Data Table on Medical and healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Chart on Medical and healthcare - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Medical and healthcare - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 49: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by End-user
- Exhibit 53: Market opportunity by End-user ($ million)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 54: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 55: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 56: Chart on Comparison by Distribution Channel
- Exhibit 57: Data Table on Comparison by Distribution Channel
- 7.3 Packaged - Market size and forecast 2022-2027
- Exhibit 58: Chart on Packaged - Market size and forecast 2022-2027 ($ million)
- Exhibit 59: Data Table on Packaged - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Chart on Packaged - Year-over-year growth 2022-2027 (%)
- Exhibit 61: Data Table on Packaged - Year-over-year growth 2022-2027 (%)
- 7.4 Merchant - Market size and forecast 2022-2027
- Exhibit 62: Chart on Merchant - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Data Table on Merchant - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Chart on Merchant - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on Merchant - Year-over-year growth 2022-2027 (%)
- 7.5 Tonnage - Market size and forecast 2022-2027
- Exhibit 66: Chart on Tonnage - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Data Table on Tonnage - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Chart on Tonnage - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on Tonnage - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Distribution Channel
- Exhibit 70: Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 72: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 73: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 74: Chart on Geographic comparison
- Exhibit 75: Data Table on Geographic comparison
- 9.3 Germany - Market size and forecast 2022-2027
- Exhibit 76: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 79: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.4 France - Market size and forecast 2022-2027
- Exhibit 80: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 83: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.5 Italy - Market size and forecast 2022-2027
- Exhibit 84: Chart on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Chart on Italy - Year-over-year growth 2022-2027 (%)
- Exhibit 87: Data Table on Italy - Year-over-year growth 2022-2027 (%)
- 9.6 UK - Market size and forecast 2022-2027
- Exhibit 88: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 91: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.7 Rest of Europe - Market size and forecast 2022-2027
- Exhibit 92: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 95: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
- 9.8 Market opportunity by geography
- Exhibit 96: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 97: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 99: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 100: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 101: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 102: Matrix on vendor position and classification
- 12.3 Air Liquide SA
- Exhibit 103: Air Liquide SA - Overview
- Exhibit 104: Air Liquide SA - Business segments
- Exhibit 105: Air Liquide SA - Key news
- Exhibit 106: Air Liquide SA - Key offerings
- Exhibit 107: Air Liquide SA - Segment focus
- 12.4 Air Products and Chemicals Inc.
- Exhibit 108: Air Products and Chemicals Inc. - Overview
- Exhibit 109: Air Products and Chemicals Inc. - Business segments
- Exhibit 110: Air Products and Chemicals Inc. - Key news
- Exhibit 111: Air Products and Chemicals Inc. - Key offerings
- Exhibit 112: Air Products and Chemicals Inc. - Segment focus
- 12.5 BASF SE
- Exhibit 113: BASF SE - Overview
- Exhibit 114: BASF SE - Business segments
- Exhibit 115: BASF SE - Key news
- Exhibit 116: BASF SE - Key offerings
- Exhibit 117: BASF SE - Segment focus
- 12.6 Ellenbarrie Industrial Gases Ltd.
- Exhibit 118: Ellenbarrie Industrial Gases Ltd. - Overview
- Exhibit 119: Ellenbarrie Industrial Gases Ltd. - Product / Service
- Exhibit 120: Ellenbarrie Industrial Gases Ltd. - Key offerings
- 12.7 GAZ SYSTEMES SASU
- Exhibit 121: GAZ SYSTEMES SASU - Overview
- Exhibit 122: GAZ SYSTEMES SASU - Product / Service
- Exhibit 123: GAZ SYSTEMES SASU - Key offerings
- 12.8 IJSFABRIEK STROMBEEK NV
- Exhibit 124: IJSFABRIEK STROMBEEK NV - Overview
- Exhibit 125: IJSFABRIEK STROMBEEK NV - Product / Service
- Exhibit 126: IJSFABRIEK STROMBEEK NV - Key offerings
- 12.9 Iwatani Corp.
- Exhibit 127: Iwatani Corp. - Overview
- Exhibit 128: Iwatani Corp. - Business segments
- Exhibit 129: Iwatani Corp. - Key offerings
- Exhibit 130: Iwatani Corp. - Segment focus
- 12.10 Linde Plc
- Exhibit 131: Linde Plc - Overview
- Exhibit 132: Linde Plc - Business segments
- Exhibit 133: Linde Plc - Key news
- Exhibit 134: Linde Plc - Key offerings
- Exhibit 135: Linde Plc - Segment focus
- 12.11 Messer SE and Co. KGaA
- Exhibit 136: Messer SE and Co. KGaA - Overview
- Exhibit 137: Messer SE and Co. KGaA - Product / Service
- Exhibit 138: Messer SE and Co. KGaA - Key offerings
- 12.12 Mitsubishi Chemical Holdings Corp.
- Exhibit 139: Mitsubishi Chemical Holdings Corp. - Overview
- Exhibit 140: Mitsubishi Chemical Holdings Corp. - Business segments
- Exhibit 141: Mitsubishi Chemical Holdings Corp. - Key offerings
- Exhibit 142: Mitsubishi Chemical Holdings Corp. - Segment focus
- 12.13 SOL Spa
- Exhibit 143: SOL Spa - Overview
- Exhibit 144: SOL Spa - Business segments
- Exhibit 145: SOL Spa - Key offerings
- Exhibit 146: SOL Spa - Segment focus
- 12.14 Stockholm Gas AB
- Exhibit 147: Stockholm Gas AB - Overview
- Exhibit 148: Stockholm Gas AB - Product / Service
- Exhibit 149: Stockholm Gas AB - Key offerings
- 12.15 Westfalen AG
- Exhibit 150: Westfalen AG - Overview
- Exhibit 151: Westfalen AG - Product / Service
- Exhibit 152: Westfalen AG - Key offerings
- 12.16 Xebec Adsorption Inc.
- Exhibit 153: Xebec Adsorption Inc. - Overview
- Exhibit 154: Xebec Adsorption Inc. - Business segments
- Exhibit 155: Xebec Adsorption Inc. - Key news
- Exhibit 156: Xebec Adsorption Inc. - Key offerings
- Exhibit 157: Xebec Adsorption Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 158: Inclusions checklist
- Exhibit 159: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 160: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 161: Research methodology
- Exhibit 162: Validation techniques employed for market sizing
- Exhibit 163: Information sources
- 13.5 List of abbreviations
- Exhibit 164: List of abbreviations
About us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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