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Summary of our market study
The French industrial gases market is valued at between 1.6 and 2.7 billion euros.
The global industrial gases market is estimated at $110 billion.
The market is dominated by a few key players, with Air Liquide, Linde and Air Products accounting for over 75% of the global market. The Asia-Pacific region accounts for over a third of the market.
This sector plays a crucial role in a variety of industries, including chemicals, metallurgy, food and healthcare, supplying essential gases such as oxygen, nitrogen, argon, helium, carbon dioxide and acetylene
Sales have grown by 22% and 34% in the years 2021 and 2022.
Hydrogen is booming, driven by growing environmental legislation and its potential as a greener substitute in a variety of applications.
Investment in the hydrogen economy is particularly noteworthy, with France pledging between €20 and €25 billion over the next decade to make up between 10 and 15% of the energy matrix.
air Liquide holds more than half the market.
Dominant forces in industrial gases
- Air Liquide
- Linde
- Air Products
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Summary and extracts
1 Market summary
1.1 Market definition and presentation
Industrial gases are defined asmanufactured gases resulting from the distillation of air .
The scope of industrial gases includes :
- oxygen
- nitrogen
- argon
- helium
- carbon dioxide
- acetylene
- other gases
Industrial gases are used in a wide variety of sectors: chemicals (oxygen, nitrogen, hydrogen, CO), food processing (nitrogen and CO2), metallurgy (oxygen, argon) and health (oxygen, nitrous oxide). [Chemistry Info]
The global market is booming due to increasing demand for industrial production and urbanization, as well as rising consumer spending on food and transport. In 2023, it is valued at105.08 billion US dollars, and should continue to grow at aCAGR of 7.42% over the period 2023-2030, reaching 173.43 billion US dollars in 2030. This growth is primarily driven by the Asia-Pacific region, which holds a 36. 6% share of the market [Grand View Research]
Nevertheless, environmental regulations, safety and the particularly high costs of gas conversion continue to be obstacles to faster growth. [Grand View Research]
In France, the market has been slowly declining due to import growth and the country's increasing dependence on foreign gas. However, 2021 and 2022 were years of growth, with salesincreasing by 22% and 34% respectively, reaching 2.71 billion euros in 2022. [Insee] . Soaring energy prices and the consequences of the pandemic should continue to drive growth in the French industrial gases market in the years ahead.
In France, as elsewhere in the world, the industrial gases market is dominated by a small number of players, and its structure is that of an oligopoly. The main players in France areAir Liquide, Linde and Air Products.
Finally, hydrogen is a gas whose development needs to be monitored, and in which the government and the EU are investing heavily.
1.2 The global market is expanding
The global industrial gas market is growing rapidly. In ****, it is valued at ***.** billion US dollars, and should continue to grow at a CAGR of *.**% over the period ****-****, reaching ***.** billion US dollars in ****. Global industrial gas market size World, ****-****, US$ billion Source: ****
Several factors are responsible for this sustained ...
1.3 A growing domestic market after 10 years of decline
The French industrial gas manufacturing business is listed by INSEE under the NAF **.**Znomenclature code: "Manufacture of industrial gases". INSEE gives this market size for ****: it amounted to *.** billion euros. This figure can be used to estimate the size of the medical imaging market in France in ****, by multiplying it by ...
1.4 International trade
In this section, we use UN Comtrade data to analyze the industrial gas trade. In particular, we use the code HS**** - Hydrogen, rare gases and other non-metals. This category is slightly larger than industrial gas, but the trends in terms of trading partners are applicable to the smaller industrial gas ...
2 Demand analysis
2.1 Which industries use which gas?
Source: ****
broad category
Indeed, the industrial gas market is a B*B market, and it mainly caters for four markets: large-scale industry (***) and electronics. Production in these markets therefore has a direct influence on the health of the industrial gas market in France.
Several markets are driving demand at a higher ...
2.2 Hydrogen: a booming market
Demand for hydrogen is growing worldwide and in France. Legislation concerning greenhouse gases is becoming stricter, and the refining industry is using hydrogen to reduce the sulfur content of fuels and lighten heavy hydrocarbons. [***] In terms of use, Hydrogen Europe states that hydrogen is the main manufacturing component used to produceammonia ...
2.3 Market breakdown by gas
Nitrogen
The global nitrogen market is valued at $**.* billion in **** and is expected to grow at a CAGR of *% over the period ****-****, reaching $** billion. This growth is fuelled by increasing industrial production in sectors such as metal fabrication [***]
France is particularly strong in the nitrogen fertilization segment of the global ...
3 Market structure
3.1 A highly concentrated market
In France, there are four major players , together accounting for **% of the market in ****. Among them, Air Liquide industrie France stands out, with a market share of **.*% in ****.
To calculate market share, we take the revenue of each player in industrial gas manufacturing in France (***), since the data available on the ...
3.2 The share of domestic production is shrinking
As explained in the AFGC, industrial gases can be produced by various processes, depending on the type of gas and the type of gas distribution to the customer . In general, air gases such as oxygen, nitrogen, argon, helium, krypton, xenon and neon are mainly produced by fractional distillation of air cooled ...
3.3 The two main distribution channels
Because of thecomplexity of transport arrangements and the high cost of transport, the main manufacturers of industrial gases are also the main distributors. Air Liquide explains that transport costs limit the operating zone to a radius of *** to *** km around the production unit, with the exception of high value-added gases such ...
4 Offer analysis
4.1 Product overview: the different types of industrial gas
According to EIGA, thefollowing more detailed classification of the scope of gases can be made: air gases - oxygen (***) ; rare gases - such as helium (***); hydrogen (***); chlorine (***); acetylene (***). In addition,according to Messer , industrial gases are divided into three categories: Industrial gases: used for welding, pressurization, combustion, degassing, protective atmospheres and ...
4.2 Production costs for industrial gases
In this section, we provide an overview and breakdown of the factors that determine the cost of industrial gas production.
Although air is free, industrial gas production entails a number of costs. Indeed, theindustry is extremely capital-intensive, which also explains why there are few players and the market is concentrated (***). For ...
4.3 Producer price index
The graph below illustrates the evolution of industrial gas production prices in France between **** and ****. The base value of the price index is **** (***). Following this logic, we see that prices fell by **.*% between **** and ****, then rose sharply between **** and ****, so that production prices in **** are almost double those in ****. Price index, ...
5 Rules and regulations
5.1 General regulations
The manufacture of industrial gases involves numerous health risks and is therefore closely regulated, from production to transport and storage. Regulations governing the production of industrial gases include the following: [***] Gas storageregulations; Acetylene storage regulations; Oxygen storage regulations; Regulations for the storage of hydrogen; Essential rules for the storage of gas ...
5.2 New regulations
Following the fire at Lubrizol and Normandie Logistique in September **** in Rouen, new regulations have been put in place to reinforce the safety of high-risk industrial sites. These changes came into force in January ****[***] :
For warehouses of combustible materials, flammable liquids, waste transit sorting facilities and Seveso facilities: obligationto keep an ...
6 Positioning the players
6.1 Segmentation
The French and global markets are dominated by the four companies listed below.
- Air Liquide
- Air Products,7
- Messer
- Clesse Industrie
- Butagaz
- Linde
- Messer France
- GCE (ESAB Groupe)
- Praxair ( Linde Group)
- Sol Group
- Carburos Metálicos (Air Products)
- Gaz Industrie
- OxyNord
- Charot
- Polidoro
- Antargaz
List of charts presented in this market study
- Size of the global industrial gas market
- Size of the French industrial gas market
- Utilisation de l'hydrogène
- Taille du marché mondial de l'hydrogène
- French industrial gas market structure by revenue
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Latest news
Air Liquide, another key player in the world of semiconductors - 03/06/2024
- - Air Liquide holds a quarter of the world market for gases used in semiconductor production.
- - In 2023, this activity generated 2.5 billion euros in sales for Air Liquide, representing 9% of its annual revenues.
- - The global semiconductor market could reach $1,000 billion by 2030, up from $520 billion last year.
- - Last week, Air Liquide inaugurated a new production line in Sejong, south of Seoul, dedicated to the manufacture of diborane, a complex molecule demanded by the sector's giants.
- - Air Liquide's two recent projects in the semiconductor sector, including the opening of a new plant in Taiwan, represented an investment of $200 million.
Antargaz leaves Grigny and Ris-Orangis - 28/03/2024
- Antargaz site size: 3.4 hectares Site: Seveso 2, high threshold
- Scheduled completion of dismantling of Antargaz facilities: First quarter 2025
Air Liquide buoyed by energy transition and electronics - 20/02/2024
- Sales of 27.61 billion euros in 2023.
- Gases and services account for 95% of revenues
- Air Liquide has generated growth worldwide.
- In hydrogen, investment of 400 million euros in the construction of Europe's largest electrolyzer, Normand'Hy
- Inauguration with Siemens Energy of an electrolyser gigafactory in Berlin.
- 200 million investment in two new advanced materials production centers in Taiwan and South Korea
- 140 million investment in the construction of an air separation unit in Quebec, specializing in electric batteries.
Hydrogen: Air Liquide to build a giant electrolyser in Normandy - 21/12/2023
- Electrolyser capacity in Normandy: 200 megawatts (MW)
- Planned hydrogen production: 80 tonnes / day
- Amount of Air Liquide project: 400 million euros (Subsidies received for the project: 190 million euros)
- Air Liquide sales: 30 billion euros
- Air Liquide's target for electrolysis capacity increase by 2030: 3 gigawatts (GW)
- Current production capacity of the Berlin gigafactory in partnership with Siements Energy: 1 GW
- Hydrogen production from an electrolyser in Canada starting up in 2021: 8.2 tonnes / day
- Electrolyser nearing completion in Oberhausen (Germany): 30 MW
- Air Liquide's hydrogen experience: 60 years with over 200 stations and 350 production units.
Siemens Energy and Air Liquide inaugurate their gigafactory to get green hydrogen off the ground - 09/11/2023
- Siemens Energy and Air Liquide's electrolyser Gigafactory in Berlin.
- It will produce cells with a total capacity of 1GW in the first year, gradually increasing to 3GW.
- Investment of 30 million euros
- it will power the hydrogen projects of Siemens Energy and Air Liquide, its only two customers.
- In Germany, Air Liquide will commission a 20 MW plant in the Ruhr, currently the largest in Europe.
- Another electrolyzer, ten times larger (200 MW), is planned: "Normand'Hy".
- It will supply green hydrogen to manufacturers in the Seine Valley. TotalEnergies has already reserved half the capacity.
- Air Liquide plans to have a portfolio of 3 GW by 2030.
- Air Liquide currently produces 1.2 million tonnes of hydrogen a year worldwide, but the overwhelming majority is still of fossil origin.
- "By 2030, grey hydrogen may account for only 50% of our business,
- The group plans to triple its sales by 2035, to 6 billion euros, taking advantage of the growth in low-carbon hydrogen.
- Germany sees hydrogen as one of the main vectors for decarbonization.
- Hydrogen infrastructure plan in the coming weeks - a 10,000-kilometer network
Air Liquide greenens its hydrogen - 31/07/2023
- Air Liquide's Port-Jérôme plant captures 100,000 tonnes of CO2 each year, more than 90% of the plant's emissions.
- Air Liquide has received 200 million euros from the French government to launch a hydrogen industry in Normandy.
- 95% of the natural gas consumed at Port-Jérôme is transformed into hydrogen.
- The Normand'Hy project involves an investment of 250 million euros to build a 200-megawatt electrolyzer.
- More than 680 "large-scale" hydrogen projects have been announced worldwide, representing a total investment of $240 billion.
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