Industry Overview:
Industrial
gases are produced in relatively large quantities and are utilized for variety
of industrial purposes. The principal industrial gases are nitrogen, oxygen,
argon, hydrogen, carbon dioxide, helium and acetylene. Market Research Future
(MRFR) has published a detailed report stating that the global industrial gases
market is anticipated to expand at a significant growth rate in the forthcoming
years.
Market Segmentation:
The
global industrial gas market has been segmented on the basis of gas type and
application. Based on gas type, the industrial gases market has been segmented
into oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon and
others. Based on application, the industrial gases market has been segmented
into healthcare, metal and metallurgy, pharma and biotech, chemicals,
automotive and aerospace, electronics, pulp and paper, food and beverages and others.
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Key players:
The
prominent players that are operating in the global industrial gases market are
Air Liquide S.A., Linde AG, Air Products, Praxair Inc., BASF, Gulf Cryo, Airgas
Inc., Air Products and Chemicals inc., Taiyo Nippon Sanso Corporation,
Ellenbarrie Industrial Gases Ltd., Messer Group GmbH, The Southern Gas Ltd.,
MATHESON Tri-Gas Inc., Cryotech Anlagebau GmbH, Abdullah Hashim Industrial
Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, Bhuruka Gases Ltd.,
Asia Technical Gas Co (PTE) LTD (ATG), Buzwair Industrial Gases Factory,
Bristol Gases – Concorde Corodex Group, National Industrial Gas Plants -
Mohammed Hamad Al Mana Group, Yateem Oxygen, Dubai Industrial Gases, India
Glycols Ltd., Tripti Gases Pvt. Limited, SICGIL India Limited, Ellenbarrie
Industrial Gases Ltd., and Goyal MG Gases Pvt. Ltd.
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Market Drivers and Restraints:
Industrial
gases are extensively utilized in various end-use industries such as metal and
metallurgy, healthcare, chemicals, automotive, aerospace, food and beverages
and others. Metal manufacturing activities have increased exponentially in the
last few years. With rapid adoption of advanced technologies and new techniques
by the manufacturers for steel production, there has been a significant rise in
the demand for oxygen. Adoption of gas metal arc welding process by
manufacturers in order to improve the quality and productivity is one of the
major factors that are driving the global industrial gases market towards
higher verticals
Regional Analysis:
The
region-wise analysis of the global industrial gases market includes four major
regions such as Asia Pacific, North America, Europe and the rest of the world.
The industrial gases market in the North America region is majorly driven by
the high demand for industrial gases in rapidly developing automotive and
construction industries in this region. The industrial gases market in the Asia
Pacific region is expanding at a significant growth rate owing to the increased
production activities for the export of industrial gases and also due to
increasing use of basic oxygen furnace technology by major metal and metallurgy
companies which is increasing the consumption of industrial gases in this
region. Rise in production capacity of various end-use industries such as
chemicals, metals, food and beverages, healthcare and construction are inducing
high demand for industrial gases, which in turn is propelling the growth of
industrial gases market in the Europe region.
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