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. A detailed analysis report of COVID-19 impact on Industrial
Gases Market Size is provided with the report.
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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