Leading companies in the Industrial Gases industry are Air Products, Linde, Air Liquide, and BASF

The leading companies in the industrial gas industry, assessing their strengths, weaknesses, positions, and strategic initiatives. It provides stakeholders with insights into pricing strategies, and innovative products. By leveraging this analysis businesses navigate challenges, capitalize on growth opportunities, and enhance their positioning while ensuring compliance with safety standards, thus securing a competitive edge in the evolving industrial gases sector.

The competitive analysis in the Industrial Gases sector provides a comprehensive overview of Leading companies in the Industrial Gases industry, highlighting their recent innovations and strategic approaches. It includes detailed profiles of major companies, emphasizing their strengths and advancements in technology, supply chain and value chain, company pricing and production strategy. The analysis explores how these factors impact each company's Industry position and its ability to maintain a competitive edge within the industry.

The Industrial Gases Industry was valued at USD 99.98 billion in 2023 and is projected to reach USD 157.63 billion by 2030, growing at a 6.72% CAGR from 2024 to 2030. The increasing demand for alternative energy sources has driven the growth of the industrial gases Industry, particularly with the use of large volumes of oxygen in gasification plants and processes like gas-to-liquid (GTL), coal-to-liquid (CTL), and coal-to-chemicals. In the metals and fabrication industries, gases such as oxygen, hydrogen, nitrogen, carbon dioxide, and acetylene are extensively used. Rapid industrialization in emerging regions, especially in Asia-Pacific countries like China, India, and South Korea, is expected to create significant growth opportunities for industry players. The competitive landscape reflects how leading companies in the industrial gases industry are capitalizing on these trends to strengthen their Industry presence and innovate within key sectors. Air Products Air Products is a leading manufacturing company in the industrial gases industry, which is known for its comprehensive portfolio that serves energy, environmental, and emerging industries. The company with a sustainability-driven two-pillar growth strategy and focuses on growing its core industrial gases business and executing large-scale clean hydrogen projects. In fiscal year 2023, Air Products generated approximately USD 11 billion in revenue across its five geographic segments such as Americas, Asia, Europe, the Middle East, and India. Its core offerings include essential gases like oxygen, nitrogen, hydrogen, and carbon dioxide, distributed through tailored supply modes. The company also leads in liquefied natural gas (LNG) process technology, which is providing turbomachinery and cryogenic containers globally. By implementing competitive pricing strategies and leveraging its innovative capabilities, Air Products aims to enhance environmental performance and productivity, further solidifying its position among the leading companies in the industrial gases industry. Linde Linde is a global leader and leading company in the Industrial Gases industry with a rich history spanning almost 140 years. Linde focuses on high-quality solutions to enhance customer productivity while promoting sustainability. With a commitment to safety, integrity, and community engagement, Linde aims for a 35% reduction in GHG emissions intensity by 2028. The company has invested in renewable energy projects including long-term power contracts for solar and wind energy to triple its renewable energy usage by 2024. Linde's competitive landscape is characterized by its innovation in technology and partnerships, such as optimizing fleet emissions through CNG trucks. The company's diverse portfolio serves industries like steel, automotive, and healthcare, positioning it for continued success and sustainable growth in the industrial gases Industry. BASF BASF is a global chemical powerhouse with leading companies in the Industrial Gases industry and, a diverse portfolio spanning materials, industrial solutions, surface technologies, and nutrition. The company is strategically enhancing its production capacities, particularly in growth industries like China, with significant investments such as the Verbund site in Nanjing and a new facility in Zhanjiang, slated to start operations in 2025. Financially, BASF emphasizes global growth through joint ventures, notably the 2-ethylhexanoic acid plant with PETRONAS in Malaysia and MDI production in Louisiana. The company applies value-based pricing strategies, which utilize premium pricing in high-demand sectors like battery materials and competitive pricing in saturated industries, including industrial gases and petrochemicals. With a focus on growing chemical product capacity, BASF showcases resilience through continued investments in high-growth sectors, positioning itself for long-term profitability and sustainability amid evolving Industry demands. Recent development

• On March 23, 2023, Air Liquide announced the construction of an industrial-scale ammonia (NH3) cracking pilot plant in Antwerp, Belgium. This innovative facility enables the conversion of ammonia into hydrogen (H2) with an optimized carbon footprint, facilitating long-distance transport of hydrogen. The plant is set to be operational in 2024, supported by the Flemish Government. Air Liquide aims to invest approximately €8 billion globally in the low-carbon hydrogen value chain by 2035, reinforcing hydrogen's role in the energy transition.

• On April 26, 2022, Linde announced a long-term offtake agreement with Freeport LNG to recover helium from its liquefaction and export facility in Texas. In conjunction with this deal, Linde construct a new helium processing plant in Freeport, enhancing the domestic supply of liquid helium. Set to launch in 2024, the project aims to provide nearly 200 million cubic feet of helium, serving various industries, including aerospace, electronics, healthcare, and manufacturing. This partnership strengthens helium supply in the U.S. while optimizing Linde's technology for efficient helium capture.

• On March 14, 2024, PPG introduced the PPG NEXEON™ 810, an ultra-low-friction, copper-free antifouling coating designed to enhance vessel performance while minimizing environmental impact. Independent tests indicate a potential power increase of up to 10% and operational efficiency improvements of up to 15% due to superior fouling control. The innovative formula reduces greenhouse gas emissions by up to 25% compared to traditional coatings and supports 60 days of idle time. Its unique binder technology ensures predictable performance and suitability for electrostatic application, enhancing efficiency and safety in application processes.

1. Industrial Gases Industry Competition Matrix 1.1. Industry Structure 1.2. Industry Leaders 1.3. Industry Followers 1.4. Emerging Players By Regions 1.4.1. North America 1.4.2. Europe 1.4.3. Asia Pacific 1.4.4. Middle East and Africa 1.4.5. South America 2. Competitive Benchmarking of key players 3. Mergers and Acquisitions in Industrial Gases Industry 4. Industrial Gases Industry Company Profile: Key Players 4.1. Air Products 4.1.1. Company Overview 4.1.2. Business Portfolio 4.1.3. Financial Overview 4.1.4. SWOT Analysis 4.1.5. Strategic Analysis 4.1.6. Awards Received by the Firm 4.2. BASF 4.3. Linde 4.4. Air Liquide 4.5. Matheson Tri-Gas 4.6. Messer Group 4.7. Gulf Cryo 4.8. Praxair 4.9. Southern Company Gas 4.10. Universal Industrial Gases 4.11. Concorde-Corodex Group 4.12. Bristol Gases 4.13. Roberts Oxygen Company 4.14. INOX-Air Products Inc. 4.15. Nippon Gases 4.16. Essex Industrial Gases LTD. International Industrial Gases Ltd 4.17. PAVAN INDUSTRIAL GASES PVT. LTD. 4.18. Others Key Players 5. Key Findings