The application fields of industrial gases in my country are very wide, and the market size is gradually expanding.

Industrial gas mainly refers to products that are in a gaseous state under normal temperature and pressure. It is a basic raw material for modern industry and is widely used in traditional industries and emerging industries. With the gradual advancement of production technology, the types of industrial gases have become increasingly rich. According to different production processes and application fields, they can be roughly divided into bulk gases, special gases, etc. Among them, bulk gases can be subdivided into air separation gases, synthetic gases, etc. Its mainstream products include oxygen, argon, hydrogen, helium, nitrogen, carbon dioxide, carbon monoxide, etc.; special gases can be subdivided into standard gases and high-purity gases. , electronic special gas, etc.

At present, my country’s industrial gas industry chain has basically taken shape. The upstream of the industrial chain is the raw material industry and the production equipment industry, which mainly provides basic chemical raw materials, air and other raw materials, as well as purification equipment, storage container equipment, air separation equipment and other related production equipment; the midstream is mainly the industrial gas production industry, responsible for different types of industrial gases production and manufacturing links; the downstream is mainly oriented to application fields, and has been widely used in chemical industry, metallurgy, steel, new energy, electronics, food, photovoltaic, machinery, medical and other fields.

At this stage, my country’s industrial gases are mainly used in traditional industrial fields such as steel, chemicals, and metallurgy. As a pillar industry of my country’s national economy, steel has gradually increased the types of downstream products and the demand for steel has gradually increased. According to data released by the International Bureau of Statistics, my country’s steel production in 2022 will be 1.340335 million tons, a year-on-year increase of 0.30%. As an important raw material for the production of steel, industrial gas has a growing market demand.

According to the “China Industrial Gas Industry Market In-depth Research and Development Trend Forecast Research Report 2023-2027” released by the Industrial Research Center, With the gradual advancement of production technology, the types of industrial gases are becoming increasingly rich, the application fields are gradually broadened, and their market demand is gradually increasing. Against this background, the scale of my country’s industrial gas market has shown a trend of increasing year by year. From 2016 to 2022, my country’s industrial gas market size will increase from 106.34 billion yuan to 199.37 billion yuan, with an average annual compound growth rate of 11.04%.

Industry analysts said that at present, my country’s industrial gas market is extremely concentrated, and leading companies have emerged. The main foreign industrial gas companies include Linde Group, Air Liquide, Mercer Group, Mitsui Gas, Mitsubishi Chemical, Aifa Technology, Air Chemicals, SOL Group, etc. The main domestic industrial gas companies include Heyuan Gas, Hangyang Group, Guangzhou Iron and Steel Group Gas, Walter Gas, Jinhong Gas, Qiaoyuan Gas, Qinfeng Gas, etc. Foreign industrial gas companies are large in scale and have strong comprehensive strength, occupying most of my country’s market. Domestic industrial gas companies started late, with relatively small industrial scale. There is still a certain gap between production technology and international advanced technology, and their market competitiveness is relatively weak. However, as my country’s industrial gases continue to increase research and development capabilities, production technology gradually advances, and market competitiveness gradually increases, domestic substitution may gradually be realized in the future.