LONDON, March 14, 2016 /PRNewswire/ -- This BCC Research study provides a critical view of the global markets for industrial gases, including demand scenarios. It assesses the roles of industrial gases as key factors in almost all major markets. Includes forecasts through 2020.
Use this report to:
- Assess and quantify the current global industrial gas market and its demands.
- Investigate and evaluate future markets for industrial gases in agriculture, mining and oil, gas, electronic-component manufacturing, construction, manufacturing, transportation, utilities, government programs, services and health to show how technological advances will affect global industrial gas demand.
- Determine the extent of the impact of industrial gas developments on the petroleum industry, as well as to identify major trends and shifts in the industry and relate these to future demand for industrial gases.
- Quantify the demands for industrial gases by category, product type, application, purity and technology, as well as the relationships between major consumers and producers.
Highlights
- The global market for industrial gases was valued at $66.7 billion in 2014. The market is expected to grow from $68.7 billion in 2015 to $80.9 billion in 2020, a compound annual growth rate (CAGR) of 3.3% from 2015 to 2020.
- As an end-user the chemical and refining industry has the largest market share, valued at $27.6 billion in 2015. Market value should reach $33.5 billion in 2020, growing at a CAGR of 4.0% from 2015 to 2020.
- Medical is the fastest growing industry segment and is projected to increase from $10.8 billion in 2015 to reach $13.5 billion in 2020, a CAGR of 4.6% through the forecast period.
Introduction & Scope
INTRODUCTION
STUDY GOALS AND OBJECTIVES
This study provides a critical view of the global markets for industrial gases, including demand scenarios. It assesses the roles of industrial gases as key factors in almost all major markets that account for more than 50% of the global gross domestic product. It quantifies demands for industrial gases by category, product type, application, purity and technology, as well as the relationships between major consumers and producers.
Focus is placed on major challenges to long-term development of the industrial gas economy and various technologies. These include the numerous processing stages and the ways they relate to consumption and demand patterns. Another objective of this report is to provide a critical evaluation of the current status of industrial gas markets and the ways recent environmental legislation and technological breakthroughs will
affect them.
REASONS FOR DOING THE STUDY
Nearly three years have passed since BCC Research published its last analysis of the global industrial gas business. Meanwhile, market conditions have remained in a state of flux, as the world's major economies have made uneven progress in emerging from the global recession that began in 2008. In addition to macroeconomic trends, some markets that were once considered promising (e.g., hydrogen-powered vehicles) now
show less potential. BCC Research therefore considers it important to update the earlier report's findings and conclusions regarding the size and structure of the industrial gas market. The key component of industrial gas production involves the separation of air or the generation of synthesis gas (syngas), which is a mixture of hydrogen and carbon monoxide. Carbon dioxide is also the main byproduct. Syngas can be produced from
any carbon-based feedstock (e.g., hydrocarbons, coal, petroleum coke, biomass), but the lowest-cost routes to syngas are currently based on natural gas. Initially, syngas-generation technology was applied to the conversion of coal-based feedstocks into syngas. Over the years, however, the technology has witnessed significant improvements in reactor design and product recovery, and this has enabled the economic use of natural-gas feedstocks.
Industrial gases are also produced as byproducts of other manufacturing activities, such as natural-gas processing and steel, cement and lime production. Efficient recovery and recycling are also being practiced for hydrogen and helium. Therefore, the use of industrial gases will continue to increase. They will be used to support greener processes in petrochemicals, agrochemicals and renewable energy production. BCC Research believes the use of industrial gases will make significant progress through 2020 as increasingly stringent environmental legislation is enforced. Keeping the air clean and promoting energy security will be two key priorities for policymakers over this time period. Higher-purity transportation fuels will become mandatory, and harmful chemical emissions will be drastically cut. Industrial gases will offer metals producers, electronic component manufacturers, petroleum refiners, specialty chemical manufacturers and automakers the flexibility to meet international requirements for cleaner products. Therefore, the major reasons for this study are:
- To assess and quantify the current global industrial gas market and its demands.
- To investigate and evaluate future markets for industrial gases in agriculture, mining and oil, gas, electronic-component manufacturing, construction, manufacturing, transportation, utilities, government programs, services and health to show how technological advances will affect global industrial gas demand.
- To determine the extent of the impact of industrial gas developments on the petroleum industry, as well as to identify major trends and shifts in the industry and relate these to future demand for industrial gases.
CONTRIBUTION OF THE STUDY AND INTENDED AUDIENCE
This study contributes to the diversity underlying the strength of the industrial gas industry. This helps it withstand economic cycles and enables it to stay ahead of general trends, including economic downturns, by relying on its stronger market segments. Practical realities challenging environmental legislation have resulted from the widespread use of industrial gases in manufacturing. Today, many processes require high-quality industrial gas feed, in some cases, to chemically combine and thus form new products, and in others, to provide a reducing atmosphere to prevent oxidation. More recent developments in fuel cell technology
have provided yet another interesting twist to the industrial gas market, now driven by a need for reduced emissions in road transportation. Under these conditions, industrial gases offer the potential for making a significant contribution to the global push for clean fuels while helping industrialized countries to meet international targets. To this end, the study will be useful to:
- Marketing managers.
- Senior petrochemical executives.
- Gas majors.
- Decision makers from international governments.
- Process licensors and engineering contractors.
- Plant and operations directors.
- Engineering and technology manufacturers and providers.
- Process and technology support advisors.
- Petrochemical and refining management specialists.
- Logistical, supply chain and e-business specialists.
- Corporate, project and trade finance specialists.
- Strategic planners and forecasters.
- New product and business developers.
- Decision makers from the chemical and energy industries and end users (e.g., oil, gas, petrochemical, fertilizer, chemical companies).
- Automotive companies.
- Fuel cell developers and government agencies.
- Trade associations.
- Environmental consultants.
- Equipment manufacturers and process designers.
- Hydrogen plant manufacturers and equipment support companies.
- Venture capitalists, those involved in research and development work, and academic institutions.
SCOPE AND FORMAT
This study presents data on supply of and demand for industrial gases by type, technology and application in current U.S. dollars for the major global regions. The report starts with an overview describing the importance of the industrial gas industry in relation to the overall global economy. Major products and applications are then reviewed. The next section contains a detailed description of current and emerging technologies for the production, distribution and end use of industrial gases. The government environmental and energy regulation scene is discussed as it applies to industrial gases, and there are descriptions of environmental regulation changes and the agencies involved.
The core of the report is an analysis of the industrial gas market's size and segmentation from 2014 through 2020. The market is segmented by product type, end-user type, application, production technology, purity grade, region, distribution channel and supply mode (e.g., pipeline, cylinder). The report concludes with an analysis of the structure of the industrial gas industry, including its major players, market shares, and merger and acquisition trends. Patents relating to industrial gases are analyzed, and another chapter contains profiles of companies involved in the industrial gas business.
METHODOLOGY AND INFORMATION SOURCES
The findings and conclusions of this report are based on information gathered from industry sources, including industrial gas manufacturers, distributors and users. Interview data were combined with information gathered through an extensive review of secondary sources, including trade publications, trade associations, company literature and online databases, to produce the projections contained in this report. The base year for analysis and projection is 2014 and market projections were developed for 2015 through 2020. These projections are based on a consensus among the primary contacts combined with BCC Research's understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail in the
section on market size and segmentation. All dollar projections presented in this report are in 2014 constant dollars.
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