Industrial Gases Market Growth Opportunities, Industry Segmented by Gas Type and Application, Top Manufacturers, Leading Companies with Forecast till 2023
Apr 1, 2019
The report on “Industrial Gases Market" helps you to understand the current market size, share, demand, growth, Analysis, trends, Segmentation, future scope, major company's performance data and market opportunities.
Pune, India - April 1, 2019 /MarketersMedia/ —
Industry Overview
Industrial gas demand across the globe is likely to increase and represent considerable growth over the next couple of years, projects Market Research Future (MRFR) in a detailed research report. Industrial gases are used in a myriad of applications across diverse industries. Industrial production has been showing positive signs across Europe and the Americas while the emerging economies are picking up rapidly which remains the key driver of the market. In addition to expected growth in industrial production, surging demand for industrial gases from applications in the energy, food & beverage, healthcare, electronics, and oil & gas industry sustains the growth of the global industrial gases market.
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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
The development of cryogenic technologies such as air separation and hydrogen reforming technologies are acting as the cornerstone for the expansion of industrial gases market, globally. Utilization of industrial gases for packaging and other purposes in food and beverages industry and high demand or gases such as argon and oxygen for metal fabrication purposes in the automotive and aerospace industries are resulting in the significant growth of the global industrial gases market.
Industry 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.
Players Covered
Air Liquide S.A., Asia Technical Gas Co (PTE) LTD (ATG), Taiyo Nippon Sanso Corporation, Linde AG, Dubai Industrial Gases, MATHESON Tri-Gas Inc., National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Tripti Gases Pvt. Limited, Ellenbarrie Industrial Gases Ltd., Gulf Cryo,
Messer Group GmbH, Bhuruka Gases Ltd., Goyal MG Gases Pvt. Ltd, Airgas Inc., Bristol Gases – Concorde Corodex Group, BASF, Air Products and Chemicals Inc., Cryotech Anlagebau GmbH,
The Southern Gas Ltd., India Glycols Ltd., Praxair Inc., Yateem Oxygen, SICGIL India Limited,
Buzwair Industrial Gases Factory, Air Products, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, and Ellenbarrie Industrial Gases Ltd.
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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.
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.
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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Website: https://www.marketresearchfuture.com/reports/industrial-gases-market-6508
Source: MarketersMedia
Release ID: 497289
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