Switzerland Industrial Gases Market, By Product (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Helium, Carbon Monoxide, Others), Area of Usages (Air Separation, Syngas Handling, Packaging, Cutting and Welding, Cryogenic, Carbonation, Coolant, Others), Application (Manufacturing, Aerospace and Defense, Construction, Healthcare, Energy, Oil and Gas, Water Treatment, Others) - Industry Trends and Forecast to 2024 to 2031.
Switzerland Industrial Gases Market Analysis and Size
The essential factors contributing to the growth of the industrial gases market in the forecast period of 2024 to 2031 include increasing demand for industrial oxygen. Also the rising growth of the healthcare industry, increasing rate of urbanization, and industrialization also contribute to market growth.
Data Bridge Market Research analyses that the Switzerland industrial gases market which was USD 395.52 million in 2023, is expected to reach USD 508.42 million by 2031, growing at a CAGR of 3.7% during the forecast period. 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.
Switzerland Industrial Gases Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Helium, Carbon Monoxide, Others), Area of Usages (Air Separation, Syngas Handling, Packaging, Cutting and Welding, Cryogenic, Carbonation, Coolant, Others), Application (Manufacturing, Aerospace and Defense, Construction, Healthcare, Energy, Oil and Gas, Water Treatment, Others)
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Market Players Covered
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Air Liquide (France), Air Products and Chemicals, Inc. (U.S.), Messer Group GmbH (Ireland) , BASF SE (Germany), PanGas AG (A Subsidiary of Linde plc) (Ireland),Burckhardt Compression AG (Switzerland), EagleBurgmann (Germany), WIKA Schweiz AG (Switzerland), and Hydrospider AG (Switzerland)
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Market Opportunities
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Market Definition
Industrial gases refers to the gaseous materials which are manufactured for industrial uses. The major commonly used gases are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene. Although many other gases and their mixtures were used for some applications. Industrial gases can be gaseous at room temperature and pressure, and can also be stored as a liquid or solid gaseous form. All these mentioned gases have unique industrial gas image properties and characteristics depending upon variables such as the temperature, pressure, and volume. Industrial gases are used in variety of applications dependent upon unique properties of specific gases. Industrial gases offers multiple benefits in sectors such as oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medical, pharmaceuticals, biotechnology, food, water, fertilizers, nuclear power, electronics, and aerospace.
Switzerland Industrial Gases Market Dynamics
Drivers
- Manufacturing and industrial growth
The demand for industrial gases is closely tied to manufacturing activities across various industries, including automotive, electronics, healthcare, and construction. As these sectors grow, there is an increased need for industrial gases in processes such as welding, cutting, and metal fabrication.
- Rising demand from healthcare and pharmaceutical applications
Industrial gases are crucial in the healthcare sector for applications such as medical oxygen, anesthesia, and respiratory therapies. With the expanding healthcare industry and increasing demand for medical gases, this becomes a significant driver.
Opportunities
- Technological advancements
Advances in technology drive the development of new industrial processes that often require specific gases for precise applications. Industries such as semiconductors, nanotechnology, and aerospace rely heavily on industrial gases for their manufacturing processes.
Restraints/Challenges
- High capital costs
Establishing production facilities for industrial gases requires significant initial investments in infrastructure, technology, and safety measures. This high capital expenditure can act as a barrier to entry for new competitors and hinder market expansion. Moreover, the production of industrial gases often involves energy-intensive processes to cryogenic separation or reforming. Fluctuating energy prices can significantly impact production costs, affecting the overall profitability of industrial gas manufacturers.
This Switzerland industrial gases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Switzerland industrial gases market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecast 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 Developments
- In February 2021, Air Liquide entered into a partnership with Siemens AG to develop a large scale electrolyzer for sustainable hydrogen production. Under this partnership, both the companies integrated their expertise in PEM (Proton Exchange Membrane) electrolysis technology. This will help the company to strengthen its core competencies enabling the emergence of a sustainable hydrogen economy in Europe
- In March 2020, Air Products and Chemicals, Inc. announced the acquisition of five operating methane reformer (SMR) hydrogen production plants for USD 530 million and to provide long-term hydrogen supply to PBF Energy. The hydrogen from these plants will be used in the making of ultra-low sulphur transportation fuels (gasoline, diesel, and jet). This has helped the company to grow in the market
Switzerland Industrial Gases Market Scope
The Switzerland industrial gases market is segmented on the basis of product, area of usages, and application. 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.
Product
- Oxygen
- Nitrogen
- Hydrogen
- Carbon Dioxide
- Acetylene
- Argon
- Helium
- Carbon Monoxide
- Others
Area of Usages
- Air Separation
- Syngas Handling
- Packaging
- Cutting and Welding
- Cryogenic
- Carbonation
- Coolant
- Others
Application
- Manufacturing
- Aerospace and Defense
- Construction
- Healthcare
- Energy
- Oil and Gas
- Water Treatment
- Others
Competitive Landscape and Switzerland Industrial Gases Market Share Analysis
The Switzerland industrial gases market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Switzerland industrial gases market.
Some of the major players operating in the Switzerland industrial gases market are:
- Air Liquide (France)
- Air Products and Chemicals, Inc. (U.S.)
- Messer Group GmbH (Ireland)
- BASF SE (Germany)
- PanGas AG (A Subsidiary of Linde plc) (Ireland)
- Burckhardt Compression AG (Switzerland)
- EagleBurgmann (Germany)
- WIKA Schweiz AG (Switzerland)
- Hydrospider AG (Switzerland)
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