Industrial Gases
Market Insights:
Global Industrial
Gases Market Share 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.
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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