Global Industrial Gases Market Forecast 2017-2022

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Global Industrial Gases Market Forecast 2017-2022
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Summary

• Industrial gases refer to the gases produced in
  huge quantities for usage in a variety of
  industrial processes.
• They are prepared at ambient temperature and
  pressure, and supplied in both liquid and gaseous
  form.
• Depending on their uses in different sectors,
  these gases are also known as fuel gases, medical
  gases, refrigerant gases or speciality gases.
• Their chemical properties such as inertness or
  reactivity and physical properties such as
  density, boiling point and vapor pressure make
  them suitable for applications in several
  industries.
• The latest report, titled Industrial Gases
  Market Global Industry Trends, Share, Size,
  Growth, Opportunity and Forecast 2017-2022,
  finds that the global industrial gases market
  reached a value of nearly US 71 Billion in 2016.

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• Rising demand from the major end-use industries
  such as chemicals, petrochemicals, oil and gas,
  and energy has resulted in the development of the
  global industrial gases market.
• With rising environmental concerns, renewable
  resources are witnessing a growth worldwide,
  thereby facilitating the market.
• Apart from this, increasing urbanization and
  industrialization in the countries of
  Asia-Pacific and Middle East are expected to
  provide a thrust to industries such as food and
  beverages, transportation, chemical and metal
  fabrication, which in turn will amplify the
  demand for industrial gases.
• According to the report, the market is expected
  to reach a value of more than US 86 Billion by
  2022, exhibiting a CAGR of more than 3 during
  2017-2022.

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• The report has segmented the global industrial
  gases market on the basis of type, covering
  nitrogen, oxygen, carbon dioxide, argon and
  hydrogen.
• The market is further analysed on the basis of
  key applications, which include manufacturing,
  metallurgy, energy, chemicals and healthcare.
• Based on distribution channel, packaged supply
  accounts for the majority of the total sales,
  followed by bulk and on-site supply.
• Region-wise, Asia-Pacific is the major market,
  accounting for the largest share.
• Other regions include Middle East and Africa,
  North America, Europe and Latin America. Some of
  the key players operating in the market include
  Air Liquide S.A., Linde Group, Praxair, Inc., Air
  Products and Chemicals, Inc., and AirGas, Inc.

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Related Reports

• 2017-2022 Global and Regional Industrial Gases
  Industry Production, Sales and Consumption Status
  and Prospects Professional Market Research Report
• 2017 Global and Regional Industrial Gases-Glass
  Market Research Report Forecasts 2022
• Global Industrial Gases Market Analysis 2011-2017
  and Forecast 2018-2023
• 2017 Global and Regional Industrial Gases Market
  Research Report Forecasts 2022
• 2017 Global and Regional Metal Fabrication
  Industrial Gases Market Research Report Forecasts
  2022

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Full Reports
Global Industrial Gases Market Forecast 2017-2022
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