市场调查报告书
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1347711
特种气体市场:2023-2028 年全球行业趋势、份额、规模、增长、机会和预测Specialty Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 |
2022年全球特种气体市场规模达到105亿美元。展望未来,IMARC集团预计到2028年市场规模将达到162亿美元,2023-2028年復合年增长率(CAGR)为7.68%。许多行业对特种气体的需求不断增长、各种技术进步以及由于个人环保意识而实施严格的政府政策是推动市场的一些主要因素。
特种气体是高纯度气体,用于需要严格控制气体混合物成分的各种应用。它们按照精确的规格生产,并经过严格的测试,以保持严格的纯度水平,通常超过 99.999% 的纯度。它们在多个行业中至关重要,从医疗保健和製药到环境监测、製造和科学研究。一些常见的例子包括用于环境测试中基线校准的零气体、用于治疗和诊断目的的医用气体以及半导体生产中使用的工艺气体。此外,特种气体的独特性能和有保证的质量使其成为各个工业、研究和医疗领域成功运营的重要组成部分。
该市场主要受到全球快速工业化的推动。此外,化学工业对特种气体的需求不断增长,以解决工业气体中发现的不需要的特性并促进各种精炼和加工任务,这是另一个主要的增长诱导因素。此外,医疗和保健行业利用压缩特种气体对设备进行消毒并向患者提供不含污染物和灰尘的清洁空气,从而为市场的扩张做出了贡献。除此之外,太阳能发电系统的广泛采用也加速了市场的增长。这些系统依靠氮气、氩气、硅烷、三氯硅烷、磷酰氯和氨等特种气体来增强能量吸收、提高运行效率并确保硅光伏电池加工的成本效益。此外,越来越多地使用特种气体来提高农业产量以及广泛的研发(R&D)努力预计将进一步创造积极的市场前景。
各行业产品需求不断上升
电子、石化和医疗保健等多个行业不断增长的产品需求推动了市场的增长。此外,医疗保健领域麻醉、呼吸治疗和医学成像等各种医疗应用对特种气体的使用不断增加,正在影响市场的增长。此外,老年人口的增长和医疗技术的进步进一步推动了医疗保健环境中对特种气体的需求。此外,不断发展的电子行业在半导体製造工艺中广泛使用特种气体,包括化学气相沉积、蚀刻和晶圆清洗,这是另一个主要的增长诱导因素。随着消费电子、智能设备和电动汽车的需求持续增长,电子製造对特种气体的需求预计将稳步增长。此外,不断增长的石化行业依赖于气相色谱、洩漏检测和气体吹扫等应用的特种气体,这创造了积极的市场前景。
各种技术进步
先进气体净化和製造技术的发展提高了特种气体的质量和纯度,从而可以精确控制气体成分,确保各种应用的一致性和可靠性。此外,分析仪器的一些进步增加了环境监测、化学分析和药物研究等领域对特种气体的需求。例如,气相色谱和质谱技术需要高纯度特种气体才能获得准确可靠的结果。除此之外,气体处理、储存和分配系统的不断创新和改进也通过确保向最终用户安全高效地输送气体,促进了特种气体市场的增长。
实施严格的环保政策
特种气体在环境监测应用中的使用越来越多,包括空气质量分析、温室气体 (GHG) 排放监测和水质分析,正在影响市场的增长。随着政府和监管机构实施更严格的排放限制和监测要求,对环境分析和合规性测试中使用的特种气体的需求不断增加。此外,对可持续实践和可再生能源的日益关注导致特种气体在太阳能、风能以及燃料电池等行业的使用不断增加。此外,这些应用对精确气体混合物和纯度的需求不断增长,进一步推动了对特种气体的需求,从而创造了市场增长机会。
IMARC 集团提供了全球特种气体市场报告各细分市场主要趋势的分析,以及 2023 年至 2028 年全球、区域和国家层面的预测。我们的报告根据类型、元素、应用、包装类型和销售类型对市场进行了分类。
高纯气体
稀有气体
碳气体
卤素气体
其他的
碳气体主导市场
该报告根据类型提供了详细的市场细分和分析。这包括高纯度气体、稀有气体、碳气体、卤素气体等。根据该报告,碳气体占最大部分。
二氧化碳 (CO2) 广泛应用于食品和饮料、石油和天然气以及医疗保健等行业。在食品和饮料行业,它用于饮料的碳酸化和作为製冷剂。在石油和天然气领域,它用于提高石油采收率并在钻井作业中用作惰性气体。此外,二氧化碳在医疗保健行业中具有广泛的应用,用于诊断和治疗目的。此外,一氧化碳 (CO) 还用于各种工业过程,包括化学合成、金属製造以及冶金应用中的还原剂。在受控环境中利用其有毒特性来校准气体探测器和传感器。此外,由于碳气体在多种应用和部门中发挥着重要作用,不同行业中碳气体的广泛使用使其成为最大的细分市场。
氩气
氮
氦
一氧化碳
甲烷
氧
氢
其他的
一氧化碳占据最大的市场份额
报告还提供了基于该元素的详细市场细分和分析。这包括氩气、氮气、氦气、一氧化碳、甲烷、氧气、氢气等。报告称,一氧化碳占据最大的市场份额。
一氧化碳 (CO) 是最重要和最广泛使用的气体之一,使其成为市场份额最大的元素类型。它是含碳燃料不完全燃烧产生的一种无色、无味的气体,因其独特的性能和用途而广泛应用于各个行业。此外,化学工业对一氧化碳的需求不断增长,因为它是生产多种化学品(如乙酸、甲醇和甲醛)的重要原材料和中间体,这也促进了市场的增长。这些化学品在塑料、製药和纺织品等众多领域都有应用,从而推动了对一氧化碳的需求。此外,一氧化碳在冶金工业中广泛用于还原金属矿石。它在钢铁生产等过程中充当还原剂,有助于从矿石中提取金属。此外,一氧化碳在医疗领域的广泛使用,作为用于各种治疗目的、高压氧治疗的医用气体,以及作为用于呼吸护理的医用气体混合物的成分,正在促进市场的增长。
製造业
电子产品
卫生保健
学者
其他的
医疗保健占据最大市场份额
该报告根据应用程序提供了详细的市场细分和分析。这包括製造、电子、医疗保健、学术等。根据该报告,医疗保健是最大的细分市场。
特种气体在医疗保健行业中的使用不断增加,是由于特种气体在麻醉、呼吸治疗和诊断程序等多种医疗用途中的应用不断增加。此外,一氧化二氮和氧气等麻醉气体对于外科手术至关重要,以确保患者的舒适和安全。此外,特种气体还应用于医学成像技术,例如磁共振成像 (MRI) 和正电子发射断层扫描 (PET)。这些成像技术依靠特定的气体混合物(例如氦气、氙气和二氧化碳)来提高成像质量和准确性,从而加速市场增长。此外,特种气体在製药和生物技术领域的实验室研究和分析中的广泛使用,例如气相色谱法、质谱法以及用于药物发现、质量控制和研究目的的其他分析技术,也增加了产品在医疗保健环境中的应用。
包装好的
散装和现场
散装和现场表现出明显的市场主导地位
该报告根据包装类型对市场进行了详细的细分和分析。这包括包装、散装和现场。报告称,散装和现场在市场上表现出明显的主导地位。
散装和现场包装能够生产和交付根据特定客户要求定制的定制气体混合物。此外,电子、製药和研发等多个行业通常需要具有精确成分和纯度的特种气体,导致对散装和现场包装的需求不断增加,从而可以灵活地创建这些特种气体混合物,从而确保最佳性能和结果各种应用程序。散装和现场包装特别适合气体消耗量大的行业。此外,医疗保健、电子、石化和製造等多个行业通常对气体有持续且大量的需求。散装包装可以大量储存和输送气体,确保工业过程的不间断供应。此外,对现场包装不断增长的需求直接在客户的设施中提供专用的本地化气体供应,从而提供便利性、可靠性和对其特定需求的响应能力。
俘虏
商人
专属销售类型主导市场
该报告根据销售情况对市场进行了详细的细分和分析。这包括俘虏和商人俘虏。报告称,自保占据了最大的市场份额。
在自营销售中,气体通常由同一家公司生产和用于其自己的特定应用。这些公司拥有自己的生产设施或天然气工厂来满足其内部需求。此外,自营销售在具有独特气体需求或专门流程的行业中很常见。例如,半导体製造商可能会生产自己的特种气体,以确保维持其製造工艺所需的精确质量和纯度。
商业销售涉及气体製造商向不同行业的多个客户生产和分销特种气体。在这种销售类型中,特种气体製造商大量生产气体,并通过分销商和供应商网络将其分销给各种最终用户。
北美
美国
加拿大
亚太地区
中国
日本
印度
韩国
澳大利亚
印尼
其他的
欧洲
德国
法国
英国
义大利
西班牙
俄罗斯
其他的
拉美
巴西
墨西哥
其他的
中东和非洲
亚太地区在市场上表现出明显的主导地位
该报告还对所有主要区域市场进行了全面分析,其中包括北美(美国和加拿大);欧洲(德国、法国、英国、意大利、西班牙、俄罗斯等);亚太地区(中国、日本、印度、韩国、澳大利亚、印尼等);拉丁美洲(巴西、墨西哥等);以及中东和非洲。报告显示,亚太地区占据最大的市场份额。
由于特种气体市场的快速增长,亚太地区成为最大的增长地区。此外,中国、日本、韩国和印度等国不断扩大的工业基础、不断增加的基础设施发展投资以及技术进步是该地区增长的主要贡献者。对电子设备不断增长的需求、汽车产量的增长以及不断扩大的医疗保健行业是亚太地区的主要驱动力。
北美的发展受到医疗保健、电子、汽车和製造等众多领域的各种关键参与者的推动。此外,多项技术进步、不断扩大的半导体行业、医疗保健服务以及对清洁能源技术的日益关注也促进了该地区的增长。
欧洲市场由医疗保健、汽车、化学和研究实验室等行业推动。此外,对可持续发展和环境法规的日益关注导致对可再生能源技术和排放控制中使用的特种气体的需求增加,影响了欧洲市场的增长。
除此之外,由于工业和製造业的扩张、基础设施项目、建筑投资的增加以及医疗保健服务的增长,拉丁美洲、中东和非洲地区的特种气体销量也在不断增长。
市场竞争格局的特点是存在几个主要参与者争夺市场份额。这些公司从事特种气体的製造、分销和供应给各行业。此外,一些主要参与者正在通过在其运营中纳入环保实践来拥抱可持续发展。他们正在投资可再生能源、减少温室气体(GHG)排放并推广节能技术。此外,各领先公司正在大力投资研发 (R&D) 活动,以开发创新的特种气体产品和解决方案。他们专注于提高气体纯度、开发定制气体混合物以及增强气体处理和存储技术,以满足行业不断变化的需求并保持市场竞争优势。
先进特种气体公司
先进气体技术公司,
空气化工产品公司
空气气体
杜邦德内穆尔公司
霍尼韦尔国际公司
关东电化工业株式会社
梅塞尔集团
三井化学
诺科
新星气体技术公司
普莱克斯
昭和电工株式会社
大阳日酸株式会社
林德集团
韦尔斯科公司
2022 年 12 月,空气化工产品公司和 AES 公司公布了在美国德克萨斯州建设突破性绿色氢气生产设施的计划。这一开创性项目涉及 40 亿美元的巨额投资,旨在满足该国交通和工业部门对零碳燃料日益增长的需求。
2023 年 2 月,林德宣布与 OCI 建立持久合作伙伴关係,为 OCI 最近在德克萨斯州博蒙特建立的蓝氨工厂提供清洁氢气和其他工业气体。林德将负责建设、拥有和运营一个现场综合设施,确保 OCI 年产 110 万吨蓝氨所需的清洁氢气和氮气的供应。为了满足这一需求,林德每年将封存超过 170 万吨二氧化碳排放量,从而为 OCI 提供清洁氢气。
普莱克斯在合併后与林德公司合作,一直在扩大其在特种气体市场的影响力。该公司一直在投资新的生产设施和分销网络,以满足不断增长的需求。普莱克斯还积极参与为医疗保健、航空航天和电子等特定行业开发特种气体解决方案。
The global specialty gases market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.68% during 2023-2028. The rising demand for specialty gases in numerous sectors, various technological advancements, and the implementation of stringent government policies due to environmental awareness among individuals are some of the major factors propelling the market.
Specialty gases are high-purity gases utilized in various applications that require strict control over gas mixtures' compositions. They are produced to precise specifications and are rigorously tested to maintain stringent purity levels, often surpassing 99.999% purity. They are essential in several industries, ranging from healthcare and pharmaceuticals to environmental monitoring, manufacturing, and scientific research. Some common examples include zero gases used for baseline calibration in environmental testing, medical gases for therapeutic and diagnostic purposes, and process gases deployed in semiconductor production. Additionally, the unique properties and assured quality of specialty gases make them integral to the operational success of various industrial, research, and medical fields.
The market is primarily driven by rapid industrialization across the globe. In addition, the escalating demand for specialty gases in the chemical industry for addressing unwanted characteristics found in industrial gases and facilitating various refining and processing tasks represents another major growth-inducing factor. Moreover, the medical and healthcare sectors are contributing to the market's expansion as they utilize compressed specialty gases for sterilizing devices and delivering clean air to patients, free from contaminants and dust. Besides this, the widespread adoption of solar power systems is also accelerating market growth. These systems rely on specialty gases such as nitrogen, argon, silane, trichlorosilane, phosphoryl chloride, and ammonia to enhance energy absorption, improve operational efficiency, and ensure cost-effectiveness in processing silicon photovoltaic cells. Furthermore, the increasing utilization of specialty gases to boost agricultural yield and the extensive research and development (R&D) efforts are expected to further create a positive market outlook.
The rising product demand in various industries
The increasing product demand across several industries such as electronics, petrochemical, and healthcare is contributing to the market growth. In addition, the rising utilization for specialty gases in the healthcare sector for various medical applications such as anesthesia, respiratory therapies, and medical imaging is influencing the market growth. Also, the growing geriatric population and advancements in medical treatments further drive the demand for specialty gases in healthcare settings. Moreover, the expanding electronics industry is extensively using specialty gases in semiconductor manufacturing processes, including chemical vapor deposition, etching, and wafer cleaning representing another major growth-inducing factor. As the demand for consumer electronics, smart devices, and electric vehicles continues to rise, the need for specialty gases in electronics manufacturing is expected to grow steadily. Furthermore, the growing petrochemical industry relies on specialty gases for applications such as gas chromatography, leak detection, and gas purging, which is creating a positive market outlook.
Various technological advancements
The development of advanced gas purification and manufacturing techniques has improved the quality and purity of specialty gases allowing precise control over gas compositions, ensuring consistency and reliability in various applications. Additionally, several advancements in analytical instrumentation have increased the demand for specialty gases in fields such as environmental monitoring, chemical analysis, and pharmaceutical research. For instance, gas chromatography and mass spectrometry techniques require high-purity specialty gases to achieve accurate and reliable results. Besides this, the continuous innovation and improvement in gas handling, storage, and distribution systems have also contributed to the growth of the specialty gases market by ensuring the safe and efficient delivery of gases to end-users.
The implementation of stringent environmental policies
The increasing use of specialty gases in environmental monitoring applications, including air quality analysis, greenhouse gas (GHG) emissions monitoring, and water quality analysis is influencing the market growth. As governments and regulatory bodies impose stricter emission limits and monitoring requirements, the demand for specialty gases used in environmental analysis and compliance testing has escalated. Additionally, the growing focus on sustainable practices and renewable energy sources has led to the growing utilization of specialty gases in industries such as solar and wind energy, and fuel cells. Moreover, the rising need for precise gas mixtures and purities in these applications further drives the demand for specialty gases, creating growth opportunities in the market.
IMARC Group provides an analysis of the key trends in each segment of the global specialty gases market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, element, application, packaging type and sales type.
High Purity Gases
Noble Gases
Carbon Gases
Halogen Gases
Others
Carbon gases dominate the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes high-purity gases, noble gases, carbon gases, halogen gases, and others. According to the report, carbon gases represented the largest segment.
Carbon dioxide (CO2) is widely used in industries such as food and beverage, oil and gas, and healthcare. In the food and beverage industry, it is used for carbonation of beverages and as a refrigerant. In the oil and gas sector, it is utilized for enhanced oil recovery and as an inert gas during drilling operations. Moreover, carbon dioxide finds extensive applications in the healthcare industry for diagnostic and therapeutic purposes. Additionally, carbon monoxide (CO) is employed in various industrial processes, including chemical synthesis, metal fabrication, and as a reducing agent in metallurgical applications. Its toxic properties are harnessed in controlled environments for the calibration of gas detectors and sensors. Furthermore, the widespread use of carbon gases in diverse industries positions them as the largest s segment, owing to their essential role in multiple applications and sectors.
Argon
Nitrogen
Helium
Carbon Monoxide
Methane
Oxygen
Hydrogen
Others
Carbon monoxide holds the largest share of the market
A detailed breakup and analysis of the market based on the element has also been provided in the report. This includes argon, nitrogen, helium, carbon monoxide, methane, oxygen, hydrogen, and others. According to the report, carbon monoxide accounted for the largest market share.
Carbon monoxide (CO) is one of the most prominent and widely used gases, making it the largest type of element in terms of market share. It is a colorless, odorless gas produced by the incomplete combustion of carbon-containing fuels that is widely used in various industries due to its unique properties and applications. Additionally, the rising demand for carbon monoxide in the chemical industry as it serves as a vital raw material and intermediate in the production of several chemicals, such as acetic acid, methanol, and formaldehyde is contributing to the market growth. These chemicals find applications in numerous sectors, including plastics, pharmaceuticals, and textiles, thereby driving the demand for carbon monoxide. Moreover, carbon monoxide finds significant usage in the metallurgical industry for the reduction of metal ores. It acts as a reducing agent in processes such as iron and steel production, assisting in the extraction of metals from their ores. Furthermore, the extensive use of carbon monoxide in the medical field as a medical gas for various therapeutic purposes, hyperbaric oxygen therapy, and as a component of medical gas mixtures used in respiratory care is augmenting the market growth.
Manufacturing
Electronics
Healthcare
Academics
Others
Healthcare accounted for the largest market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes manufacturing, electronics, healthcare, academics, and others. According to the report, healthcare represented the largest segment.
The increasing use of specialty gases in the healthcare industry is due to the rising application of specialty gases in several medical uses such as anesthesia, respiratory therapies, and diagnostic procedures. Additionally, anesthetic gases such as nitrous oxide and oxygen are essential for surgical procedures to ensure patient comfort and safety. Moreover, specialty gases find application in medical imaging techniques such as magnetic resonance imaging (MRI) and positron emission tomography (PET). These imaging technologies rely on specific gas mixtures, such as helium, xenon, and carbon dioxide, to enhance imaging quality and accuracy, accelerating market growth. Furthermore, the extensive use of specialty gases in laboratory research and analysis in the pharmaceutical and biotechnology sectors for gas chromatography, mass spectrometry, and other analytical techniques employed for drug discovery, quality control, and research purposes is also increasing the product applications in healthcare settings.
Packaged
Bulk and On-site
Bulk and on-site exhibit a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the packaging type. This includes packaged, bulk, and on-site. According to the report, bulk and on-site exhibit a clear dominance in the market.
Bulk and on-site packaging enable the production and delivery of customized gas mixtures customized to specific customer requirements. Additionally, several industries such as electronics, pharmaceuticals, and research and development often require specialty gases with precise compositions and purities leading to escalating demand for bulk and on-site packaging allowing for flexibility in creating these specialized gas mixtures, ensuring optimal performance and results in various applications. Bulk and on-site packaging are particularly well-suited for industries with large-scale gas consumption. Moreover, several industries such as healthcare, electronics, petrochemicals, and manufacturing often have continuous and substantial gas requirements. Bulk packaging enables the storage and delivery of gases in large quantities, ensuring uninterrupted supply for industrial processes. Furthermore, the escalating demand for on-site packaging provides a dedicated and localized gas supply directly at the customer's facility, offering convenience, reliability, and responsiveness to their specific needs.
Captive
Merchant
Captive sales type dominates the market
The report has provided a detailed breakup and analysis of the market based on the sales. This includes captive and merchant captive. According to the report, captive accounted for the largest market share.
In captive sales, the gases are typically produced and used by the same company for their own specific applications. These companies have their own production facilities or gas plants to meet their internal requirements. Additionally, captive sales are common in industries that have unique gas requirements or specialized processes. For instance, a semiconductor manufacturer may produce its own specialty gases to ensure the precise quality and purity required for its manufacturing processes are maintained.
Merchant sales involve the production and distribution of specialty gases by gas manufacturers to several customers across different industries. In this sales type, specialty gas manufacturers produce gases in large quantities and distribute them to various end-users through a network of distributors and suppliers.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance in the market
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific is the largest growing region due to rapid growth in the specialty gases market. In addition, the expanding industrial base, increasing investments in infrastructure development, and technological advancements in countries such as China, Japan, South Korea, and India are major contributors to the growth in this region. The rising demand for electronic devices, growth in automotive production, and expanding healthcare industry are key drivers of the Asia Pacific region.
North America is driven by the presence of various key players in numerous sectors such as healthcare, electronics, automotive, and manufacturing. In addition, several technological advancements, the expanding semiconductor industry, healthcare services, and the increasing focus on clean energy technologies are contributing to the growth of the region.
The European market is driven by industries such as healthcare, automotive, chemical, and research laboratories. In addition, the growing focus on sustainable development and environmental regulations has led to increased demand for specialty gases used in renewable energy technologies and emissions control influencing the market growth in Europe.
Besides this, Latin America, Middle East, and Africa regions are also witnessing rising sales of specialty gases due to expanding industrial and manufacturing sectors, increasing investments in infrastructure projects, construction, and growing healthcare services.
The competitive landscape of the market is characterized by the presence of several key players competing for market share. These companies are engaged in the manufacturing, distribution, and supply of specialty gases to various industries. Additionally, several key players are embracing sustainability by incorporating eco-friendly practices in their operations. They are investing in renewable energy sources, reducing greenhouse gas (GHG) emissions, and promoting energy-efficient technologies. Moreover, various leading companies are investing significantly in research and development (R&D) activities to develop innovative specialty gas products and solutions. They are focusing on improving gas purity, developing customized gas mixtures, and enhancing gas handling and storage technologies that allows them to meet the evolving demands of industries and maintain a competitive edge in the market.
Advanced Specialty Gases Inc.
Advanced Gas Technologies Inc.,
Air Products and Chemicals Inc.
Airgas
DuPont de Nemours Inc.
Honeywell International Inc.
Kanto Denka Kogyo Co. Ltd.
Messer Group
Mitsui Chemicals
Norco
Nova Gas Technologies Inc.
Praxair
Showa Denko K.K.
Taiyo Nippon Sanso Corporation
The Linde Group
Welsco Inc.
In December 2022, Air Products and Chemicals, Inc. and AES Corporation unveiled plans for a groundbreaking green hydrogen production facility in Texas, USA. This pioneering project, which involves a significant investment of USD 4.0 Billion, aims to address the increasing demand for zero-carbon fuels in the transportation and industrial sectors of the nation.
In February 2023, Linde made an announcement regarding a lasting partnership with OCI to provide clean hydrogen and other industrial gases to OCI's recently established blue ammonia facility in Beaumont, Texas. Linde will be responsible for constructing, owning, and operating an on-site complex, ensuring the supply of clean hydrogen and nitrogen needed for OCI's annual production of 1.1 million tons of blue ammonia. To meet this demand, Linde will sequester over 1.7 million tons of CO2 emissions annually, enabling the provision of clean hydrogen to OCI.
Praxair, which collaborated with Linde plc following a merger, has been expanding its presence in the specialty gases market. The company has been investing in new production facilities and distribution networks to cater to the increasing demand. Praxair has also been actively involved in developing specialty gas solutions for specific industries, including healthcare, aerospace, and electronics.