Industrial
Gases Market Size
Industrial
gases find application in a myriad of industrial and manufacturing processes
owing to their reactivity, inertness, and various other superior physical
properties. Market Research Future (MRFR) has recently published an in-depth
report on the global industrial gases market, outlining the various trends and
patterns that are likely to impact the market over the forecast period. MRFR
has predicted a positive growth curve for the industrial gases market.
The
market is expanding owing to heightened demand for industrial gases filed from
industries such as metal fabrication and production, automotive, chemical &
petrochemical, biotechnology, steel, and others. Increased industrial
activities in the emerging economies have provided favorable grounds for the
growth of the market while industrial production in developed regions such as
the Americas and Europe has also been positive.
Industrial
gases cater majorly to the oil & gas industry, which requires industrial
gases in massive quantities to control various processes. additionally, the
industry is challenged with regulatory pressures to lower sulfur content of
refinery products, which generates huge demand for industrial gases in the desulfurization
process of crude. This presents a massive opportunity for the industrial gases
market. The advent of cryogenic technologies such as air separation and
hydrogen reforming technologies have contributed significantly to the growth of
the market.
Global Industrial Gases Market Segmentation:
The
global industrial gases market has been segmented based on type and
application.
By
type, the industrial gases market has been segmented into oxygen, helium,
nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others.
By
application, the industrial gases market has been segmented into healthcare,
metal and metallurgy, chemicals, pharma and biotech, automotive and aerospace,
electronics, pulp and paper, food and beverages, and others.
Regional Analysis
Region-wise,
the Industrial
Gases Market Size has been segmented into North America,
Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
High
demand for industrial gases is witnessed in North America on account of
augmented demand from the automotive and rapidly accelerating construction industry.
The APAC industrial gases market is likely to showcase prolific growth over the
forecast period. Fast-track industrialization in the region along with increasing
use of necessary oxygen furnace technology by major metal and metallurgy
companies is creating significant ways for the market to expand.
Competitive Landscape
Praxair
Inc., Airgas Inc., Messer Group GmbH, Bhuruka Gases Ltd., National Industrial
Gas Plants - Mohammed Hamad Al Mana Group, Buzwair Industrial Gases Factory, Yateem
Oxygen, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., Air
Liquide S.A., Air Products, BASF, Dubai Industrial Gases, Tripti Gases Pvt.
Limited, Asia Technical Gas Co (PTE) LTD (ATG), SICGIL India Limited, Ellenbarrie
Industrial Gases Ltd.,Cryotech Anlagebau GmbH, India Glycols Ltd.,MATHESON
Tri-Gas Inc., Ellenbarrie Industrial Gases Ltd., Gulf Cryo, Linde AG, The
Southern Gas Ltd., Bristol Gases – Concorde Corodex Group, Goyal MG Gases Pvt.
Ltd., Abdullah Hashim Industrial Gases & Equipment Co. Ltd., and Mohsin
Haider Darwish LLC are the key players in the industrial gases market.
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