Opportunities For The Global Gas Market To Reach $148.7 Billion By 2025

By Author: Lucintel LLC
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According to a new market report published by Lucintel, the future of the global gas market looks promising with opportunities in the manufacturing, healthcare, chemical, energy, electronics, and food & beverages industries. The global gas market is expected to reach an estimated $148.7 billion by 2025 with a CAGR of 4.9% from 2020 to 2025. The major drivers for this market are increasing demand for metal fabrication and growth in chemical and electronic industry.
In this market, industrial, special and other types of gases are used in various end use industries. Lucintel forecasts that industrial gas will remain the largest gas type segment due to expanding industrialization and growth in metal manufacturing, chemical industries and refineries. The special gas segment is expected to witness the highest growth over the forecast period due to growing demand for high purity gases, such as nitrogen, oxygen, and argon, in the food and beverage end use industry.
Within this market, manufacturing is projected to remain the largest end use industry due to increasing demand for gas in metal fabrication, steel production, ...
... aerospace and automotive application. Electronics end use industry is expected to witness the highest growth in the forecast period due to increasing demand for gas in flat panel display, photovoltaic cell, semiconductor, and PCB manufacturing industries.
Asia Pacific is expected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to emerging economies such as China and India. Growing massive infrastructure development, increasing automotive production and growth in electronic industry are driving the Asia Pacific gas market.
Emerging trends, which have a direct impact on the dynamics of the industry, include the recycling of industrial gas and development of rapid surface chilling technology. Air Liquide, Linde Plc, Air Products and Chemicals, Taiyo Nippon Sanso, and Air Water Inc. are the major suppliers in the gas market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global gas market by gas type, end use industry, product type, and region, and has come up with a comprehensive research report titled “Growth Opportunities for the Global Gas Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global gas market by gas type, product, end use industry, and region as follows:
By Gas Type [Value ($ Billion) and Volume (Cubic Meters) from 2014 to 2025]:
• Industrial Gas
• Special Gas
• Others Gases
By End Use Industry [Value ($ Billion) and Volume (Cubic Meters) from 2014 to 2025]:
• Manufacturing
• Healthcare
• Chemical and Energy
• Electronics
• Food and Beverages
• Others

By Product [Value ($ Billion) and Volume (Cubic Meters) from 2014 to 2025]:
• Oxygen
• Nitrogen
• Argon
• Carbon Di oxide
• Hydrogen
• Acetylene
• Others

By Region [Value ($ Billion) and Volume (Cubic Meters) from 2014 to 2025]:
• North America
• Europe
• APAC
• ROW
This 135-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1. How big are the opportunities for global gas market by gas type (industrial gas, special gas, and other gases), end use industry (manufacturing, healthcare, chemical & energy, electronics, food & beverages, and others), product (oxygen, nitrogen, argon, carbon dioxide, hydrogen, acetylene, and others), and region (North America, Europe, APAC, and ROW)?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q. 11. What M&A activity has occurred in the last five years, and what has its impact been on the industry?