Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource have been used to identify and collect information for this technical, market-oriented, and commercial study of the industrial gases market. In-depth interviews were conducted with various primary respondents, which included key industry participants, subject matter experts (SMEs), C-level executives of key industry players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess prospects.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; publications from recognized websites; and databases. Secondary research has mainly been used to obtain key information about the supply chain of the industry, the total pool of key players, market classification & segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
The market size of industrial gases has been estimated based on secondary data available through paid and unpaid sources and by analyzing the product portfolios of key companies. This data has been further validated through various primary sources.
Primary Research
The industrial gases market comprises various stakeholders in the supply chain and includes suppliers, manufacturers, and end-users. Various primary sources from the supply and demand sides of the industrial gases market have been interviewed to obtain qualitative and quantitative information. Primary participants from the supply side include key opinion leaders, executives, vice presidents, and CEOs of companies in the market. Primary sources from the demand side include experts from end-use industries, associations and institutions involved in the market, and key opinion leaders.
Following is the breakdown of primary respondents
Notes: *Others include sales, marketing, and product managers.
Tier 1: >USD 5 Billion; Tier 2: USD 1 Billion– USD 5 Billion; and Tier 3: <USD 1 Billion.
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the global industrial gases market. These approaches were also used extensively to estimate the size of various dependent sub-segments in the market. The research methodology used to estimate the market size includes the following details:
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The key players in the industry and markets have been identified through extensive secondary research.
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The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders such as directors and marketing executives.
Top-Down Approach
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Bottom-Up Approach
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. Where applicable, the data triangulation procedure has been employed to complete the market estimation process and arrive at the exact statistics for all segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market size has been validated using both the top-down and bottom-up approaches.
Market Definition
Industrial gases are specifically produced for use for various industrial purposes. Different industrial gases, including nitrogen, oxygen, carbon dioxide, hydrogen, acetylene, inert gases, and others, are present in a gaseous state at room temperature. These gases tend to have low molecular weight and distinct properties. They can be used as pure gases, compounds, or mixtures in various industries, including chemicals, electronics, food and beverages, healthcare, manufacturing, metallurgy, refining, etc.
Key stakeholders
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Industrial gases equipment suppliers
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Commercial R&D institutes
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Industrial gases distributors and suppliers
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Regulatory bodies
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Industry associations, and research institutes
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Local Governments
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End users (chemicals, healthcare, electronics, etc.)
Report Objectives
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To describe and forecast the global Industrial gases market in terms of value.
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To provide detailed information about significant drivers, restraints, opportunities, and challenges influencing market growth
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To analyze the market segmentation and forecast the market size based on the type, end-use, and region.
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To forecast the market size in terms of value with respect to main regions, Asia Pacific, North America, Europe, Middle East & Africa, and South America, along with their key countries
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To analyze opportunities in the market for stakeholders and provide details of the competitive landscape.
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To strategically profile key players and comprehensively analyze their core competencies2
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To analyze competitive developments such as joint ventures, mergers & acquisitions, contracts, agreements, and research & development (R&D) activities in the global Industrial gases market.
Available Customizations:
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
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Product Matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
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Further breakdown of the Rest of the Asia Pacific, industrial gases market
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Further breakdown of the Rest of Europe, industrial gases market
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Further breakdown of the Rest of South America, industrial gases market
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Further breakdown of the Rest of Middle East & Africa, industrial gases market
Company Information:
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Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Industrial Gases Market