PUBLISHER: The Business Research Company | PRODUCT CODE: 1650275
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650275
Gas mixtures are a diverse group of products that are developed for use in specific industries. They have been used to improve the characteristics of many beverages, from wine to beer and soft drinks. These are created on-site by mixing two or more pure gases, or they are supplied as premixed products in different containers and cylinders. The gas mixture is used for welding and cutting and for laser processing.
The main types of gas mixtures are oxygen mixtures, nitrogen mixtures, carbon dioxide mixtures, argon mixtures, hydrogen mixtures, specialty gas mixtures, and other mixtures. An oxygen mixture refers to gas blends containing between 50% and 95% oxygen. The manufacturing process includes air separation technology, hydrogen production technology, and others (pressure swing adsorption). The storage, distribution, and transportation involved cylinder and packaged distribution, merchant liquid distribution, and tonnage distribution. The various end-user industries involved metal manufacturing and fabrication, chemicals, medical and healthcare, electronics, food and beverage, and other end-user industries (glass, energy, and oil and gas).
The gas mixtures market research report is one of a series of new reports from The Business Research Company that provides gas mixtures market statistics, including gas mixtures industry global market size, regional shares, competitors with a gas mixtures market share, detailed gas mixtures market segments, market trends and opportunities, and any further data you may need to thrive in the gas mixtures industry. This gas mixtures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gas mixtures market size has grown strongly in recent years. It will grow from $42.1 billion in 2024 to $45.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to industrial growth, healthcare applications, electronics manufacturing, environmental regulations.
The gas mixtures market size is expected to see strong growth in the next few years. It will grow to $64.55 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to renewable energy, emerging technologies, global expansion. Major trends in the forecast period include customized gas mixtures, R&D and innovation, hybrid and electric vehicles, collaborative initiatives.
The rising demand for electronic products is expected to drive the growth of the gas mixtures market in the future. Electronic products refer to software offerings made available through electronic media. Gas mixtures are utilized in microelectronics manufacturing and semiconductor processing applications, including thin film deposition and insulation purposes. For example, in February 2022, The Semiconductor Industry Association (SIA), a US-based trade organization, reported that semiconductor sales reached $574.1 billion in 2022, marking a 3.3% increase from $555.9 billion in 2021. Therefore, the increased demand for electronic products is fueling the growth of the gas mixtures market.
Rising demand in chemical industry is expected to propel the growth of the gas mixtures market going forward. The chemical industry is a sector of the economy that is involved in the production, development, and distribution of chemicals and chemical products. This industry encompasses a wide range of activities, including the manufacturing of chemical compounds, the processing of raw materials, and the creation of chemical-based products for various applications. Gas mixtures play a pivotal role in various chemical manufacturing and processing applications, including the production of specialty chemicals, pharmaceuticals, and petrochemicals. For instance, in 2023, according to US Bureau Of Labor Statistics, US- based Government agency, higher prices for petroleum, a primary input for many chemical products, drove the import price advance for chemical manufacturing in 2021. However, despite rising petroleum prices in 2022, chemical prices fell by 1. 4 percent. Therefore, the rising demand in chemical industry is driving the growth of the gas mixtures market.
Product innovation is a key trend gaining popularity in the gas mixture market. Major companies operating in the gas mixtures market are focused on developing new products to strengthen their position. For instance, in January 2022, SuperFlash LLC, a US-based company operating in gas mixtures, launched its new mobile and compact gas analyzer, the GA300. The GA300 would allow for the analysis of gas mixtures for systems that do not have an integrated analyzer. Gas analysis is critical in various processes that include food, beverages, and a myriad of industrial manufacturing applications. The unique features of this product include mobility; ae light, sturdy, and low-maintenance product that is easy to use through clear menu option; and a digital LCD display that continuously monitors gas mixtures which is capable of monitoring up to 10 binary gas mixtures.
Major companies operating in the gas mixture are focused on introducing new innovative products such as electronic gas mixer to sustain their position in the market. An electronic gas mixer is a device or system that combines and precisely controls the mixture of different gases, typically for various applications in industries such as laboratory research, manufacturing, and healthcare. It uses electronic components and sensors to monitor and adjust the flow rates of individual gases to achieve the desired gas mixture composition accurately. For instance, in April 2023, Ametek Mocon, US-based leader of gas measurement, sensors, and analysers as well as testing services for barrier film, packaging, and industrial applications, launched a new mid-capacity electronic gas mixer named Dansensor MAP Mix Focus. By adding this new mid-range electronic gas mixer to mixer portfolio, the company will provide reliable gas mixing solutions for food applications, regardless of the speed, capacity or complexity of the MAP packaging line.
In April 2022, Air Products, an industrial gases company, acquired Air Liquide for an undisclosed amount. This acquisition builds on many years of good experience working in and serving customers in the Middle East and supports the growth strategy for the region. Air Liquide S. A. is a French-based company operating in gas mixtures.
Major companies operating in the gas mixtures market include Linde PLC, The Messer Group GmbH, Welsco Inc., Air Liquide S. A, NexAir LLC, Advanced Specialty Gases Inc., Air Products and Chemicals Inc., Solvay SA, Iwatani Corporation, Nippon Sanso Holdings Corporation, Kanto Denka Kogyo Co. Ltd., Matheson Tri-Gas Inc., Gas Innovations, Weldstar Company, Gasco Affiliates LLC, Ideal Calibrations, EGas Depot, Worthington Industries Inc., Showa Denko K. K., Ube Corporation, Gas-Tech Corporation, Bharat oxytech Pvt. Ltd., Mahler AGS, Sinogas Management Pte Ltd., Henan Tian Lun Gas Group Ltd., Aims Oxygen Pvt. Ltd.
North America was the largest region in the gas mixtures market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas mixtures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the gas mixtures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The gas mixtures market consists of sales of homogeneous and heterogeneous gas mixtures. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Gas Mixtures Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gas mixtures market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for gas mixtures ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gas mixtures market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.