The demand for the gas mixtures is rising rapidly in the market with the growth of the industrial gas market worldwide. The use of gas mixtures such as carbon dioxide mixture, oxygen mixtures and hydrogen mixtures are used in the metal fabrication and manufacturing industry in order to improve the arc properties or facilitate metal transfer in gas metal arc welding. Furthermore, the conventional application of gas mixture in the health care sector such as formation of drug making and in biotechnology is expected to lead the sections in the gas mixture industry which encourage the the growth of the gas mixture market in the projection period.
Data Bridge Market Research analyses that the Gas Mixture Market is expected to undergo a CAGR of 5.94% during the forecast period. This indicates that the market value, which was USD 38.94 billion in 2021, would rocket up to USD 61.78 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
In gas mixtures, each and every component which is in the gas phase can be treated separately. Each component of the mixture shares same volume and temperature and volume. However, each gas has its own pressure which is called its partial pressure. The rising demand of gas mixture in several end-use industries such as automotive, electronics, as healthcare, metal fabrication, food drinks, rubber and plastic, pharmaceuticals and construction will expected to grow in upcoming years.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2021, Linde Plc opened a new on-site facility in Qinzhou, China to supply oxygen gas and other gases to Shanghai Huayi's new chemical complex. The new plant comprises three air separation units which can create up to 5,000 tons of nitrogen and 7,500 tons of oxygen each day.
Some of the major players operating in the gas mixture market are:
- Advanced Specialty Gases (U.S.)
- Air Liquide (France)
- Linde Plc (Ireland)
- Messer (Germany)
- Matheson Tri-Gas, Inc. (U.S.)
- Air Products Inc. (U.S.)
- AGC Inc. (Japan)
- Praxair Technology, Inc. (U.S.)
- Hangzhou Hangyang CO. LTD (China)
- Guangdong Huate Gas Co.,Ltd (China)
- SCG (Thailand)
- Taiyo Nippon Sanso Corporation (Japan)
- Airgas Inc, (U.S.)
- Gulf Cryo (United Arab Emirates)
- Yingde Gases Group (China
- Air Products and Chemicals Inc. (U.S.)
- Universal Industrial Gases Inc, (USA)
- Axcel Gases (U.S.)
- International Industrial Gases Ltd (India)
- SOL Group (Italy)
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Gas Mixture Market Dynamics
Drivers
- Rising demand in Healthcare Sector
The demand for gas mixture is increasing due to improving the healthcare sector's technologies. The growth of medical industries due to gas-assist equipment suppliers has resulted in an extensive range of equipment and controls, but the general method remains the same in all versions. Steam and Pressure control changes mainly to allow for more ordered control of process factors. The rising demand for gas mixture in the healthcare sector for various purposes is expected to drive the growth of the gas mixture market globally.
- Increased Demand for Electronics Products
Specialty gases are also a type of gas mixture widely used in the electronics industry to manufacture components such as silicon wafers and integrated circuits (IC) and manufacturing of compound semiconductors and flat panel display products. The increasing demand for supplementary complex semiconductors increases the displacement of wet procedures by gas-phase cleaning and engraving, which encourages the use of specialty gases and drives the growth of the targeted market.
- Rising Beverage Industry
The gas mixture of carbon dioxide is widely used to make carbonated beverages in beverages industry. The food-grade liquid carbon dioxide is a significant component in carbonated drinks and it helps to prevent the mold growth and inhibits the growth of the bacteria.
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Opportunities
- Rising demand in chemical industry
Gas mixture such as oxygen mixtures, carbon dioxide mixtures, and hydrogen mixtures are highly demanding in chemical sector. Hydrogen has extensive usage due to its properties, such as being a nontoxic, tasteless, colourless, non-metallic, odourless and highly combustible diatomic gas. Oxygen will play a vital role in changing the gas mixture landscape during the forecast period. Furthermore, the growth in the metal fabrication industry is expected to create immense opportunities for the market growth.
Furthermore, growth in healthcare, automotive and electronics industries on account of growing demand, are expected to present themselves as a major prospect for market growth. Welding and cutting, chemical production, lighting, metal fabrication are some of the domineering industry applications which are expected to create beneficial opportunities for the market growth.
Global Gas Mixture Market Scope
The Gas Mixture market is segmented on the basis of mixture, transportation, manufacturing process and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Mixture
- Oxygen Mixtures
- Nitrogen Mixtures
- Carbon Dioxide Mixtures
- Argon Mixtures
- Hydrogen Mixtures
- Specialty Gas Mixtures
- Others
Transportation
- Cylinder and Packaged Distribution
- Merchant Liquid Distribution
- Tonnage Distribution
Manufacturing Process
- Air Separation Technology
- Hydrogen Production Technology
- Others
End User
- Metal Manufacturing and Fabrication
- Chemicals
- Medical and Healthcare
- Electronics
- Food and Beverages
- Others
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
And More....
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