Canada Industrial Gases Market Size & Outlook, 2023-2030
Canada industrial gases market, 2018-2030 (US$M)
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Canada industrial gases market highlights
- The Canada industrial gases market generated a revenue of USD 3,658.4 million in 2023 and is expected to reach USD 5,595.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial gases market data book summary
| Market revenue in 2023 | USD 3,658.4 million |
| Market revenue in 2030 | USD 5,595.7 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 3.5% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,595.7 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada industrial gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 28.96% in 2023. Horizon Databook has segmented the Canada industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The industrial gases such as nitrogen and oxygen is used in the pharmaceutical industry on a large scale in both medical research laboratories. Moreover, the recent spread of the COVID-19 pandemic in Canada is expected to drive the demand for industrial gases in research laborites and other pharmaceutical application, which is expected to propel the demand for industrial gases in Canada.
The food & beverages industry in Canada is anticipated to witness the significant growth in the coming years owing to the rising disposable income of consumers, thus driving the demand for packaged food. These factors are further expected to propel the market for industrial gases in Canada.
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial gases market size, by product, 2018-2030 (US$M)
Canada Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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