Analysis of the market status of the global and Chinese gas industry in 2021, the gas demand structure is continuously optimized.

June 24, 2022

Analysis of the market status of the global and Chinese gas industry in 2021, the gas demand structure is continuously optimized.

1.Industrial gas industry chain

The upstream Raw Material of the industrial gas industry are mainly air, industrial waste gases, basic chemical raw materials, etc. Upstream industries are mainly equipment suppliers (air separation equipment, purification equipment, storage container equipment such as storage tanks, and transportation equipment such as tanker trucks), energy suppliers, suppliers of basic chemical raw materials, etc.

The downstream industries of the industrial gas industry are mainly electronic semiconductors, biomedicine, new energy, metallurgy, chemical industry, machinery, electrical power, building materials, lighting, food, agriculture and other less affected industries. Among them, the general industrial gas end-user market is mainly concentrated in traditional industries such as metallurgy and chemical industry, and the special gas end-user market is mainly located in the fields of electronic semiconductors, biomedicine, and new energies.

Schematic diagram of the industrial chain of the industrial gas industry.

2. Market scale of the global industrial gases industry

The global industrial gases industry has been constantly developing for more than 200 years. In an environment of steady global economic growth and stable industrial development, the global industrial gases market will continue to grow steadily, from 720.2 billion yuan in 2017 to 943.2 billion yuan in 2021, with a CAGR of 6.98%; will reach 1.329 billion yuan, and the compound growth rate from 2021 to 2026 will be 7.11%.

Market scale of the global industrial gases industry

3.Analysis of China's Current Industrial Gas Industry Market Situation

China's industrial gas industry started later than the global industrial gas industry, but it has developed rapidly under the influence of factors such as the promotion of domestic policies, the introduction of foreign capital, and the development of high technology.

The scale of the market has grown from 40 billion yuan in 2010 to 179.5 billion yuan in 2021, with a CAGR of 14.62% from 2010 to 2021.

China's Current Industrial Gas Industry Market

4. Development trend of BeeGas - Gastec Group

We have been dedicated to the gas industry since 2000 and have grown rapidly in the last decade. It has brought high quality gas products and excellent services to users in more than 40 countries and regions around the world. With the continuous enrichment of specialty gas varieties and the growing emphasis on research and development of new products, BeeGas has continuously launched new products over the past three years, making customers more diverse. From traditional industrial gases to helium tanks used at parties and the cream charger in coffee shops, bees will accompany you towards a better future!

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Mr. Eden

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