Industrial Gases Market Insights:
Global industrial
gases market is recorded to grow exhibiting a higher CAGR of by 2023 on account
of rising demand filed from chemical & petrochemical, metal fabrication
& production, automobile, healthcare & pharmaceuticals, and food &
beverage industries and more.
Industrial gases
are defined to be specific gaseous materials that are produced for industrial
purposes. The most prominent are listed to be as oxygen, nitrogen, carbon
dioxide, helium, and hydrogen, although various other mixtures, which are also
manufactured and provided as gas cylinders. At times, several industries such
as steel, oil and gas, chemicals and petrochemicals, biotechnology, medicine,
environmental protection, and nuclear power require such customized gases.
Hence, the market for the same is feeding off the prosperity of each of them.
Industrial
Gases 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.
Leading
Players:
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 Etc.
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Full Report @ https://www.marketresearchfuture.com/reports/industrial-gases-market-6508
Industrial
Gases Regional Market 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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