Industrial Gases Market Analysis, Key Growth Drivers, Challenges, Leading Key Players Review, Demand and Upcoming Trend by Forecast to 2023

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Industrial Gases Market Research Report
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Industrial Gases Market - 2023

Market Scenario Industrial Gases are gaseous
materials which are produced in large quantities
for use in multiple manufacturing processes.
Industrial gases are valued for their reactivity,
inertness and other superior physical properties.
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. Industrial gases experience massive
demand from the oil gas industry. Refineries
require vast quantities of industrial gases to
control various processes. Moreover, stringent
environmental norms lowering permissible sulfur
content of refinery products has challenged
refining operators to desulfurize crude which
poses opportunities for the growth of the
industrial gases market. Industrial gases find
major applications in the food beverages
industry. Consumers are progressively eyeing for
alternatives to conventional preservation
techniques which is providing indispensable
growth prospects to food-grade industrial gases.
Food-grade industrial gases such as carbon
dioxide act as an effective and natural way of
preventing food products from moisture
degradation or oxidation. Industrial gases are
such as oxygen, nitrogen, carbon dioxide, and
various gas mixes are used by healthcare
professionals in applications ranging from
respiratory care to anesthesia. However,
industrial gases business is capital intensive
and requires enormous investment which might be a
limiting factor in the growth of the market.
Emerging economies present a host of growth
opportunities to the global industrial gases
market. Developing countries such as China and
India are endeavoring to increase their
production capabilities in diverse industries
such as metals, oil gas, construction, and
healthcare which induces high demand for
industrial gases.
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Industrial Gases Market - 2023
Report Overview This MRFR study presents
complete research on key trends in the global
industrial gases market and an outlook for
industrial gases sub-markets across regions
(North America, Asia Pacific, Europe, and the
Rest of the World) where the market is likely to
witness significant growth during the review
period. It also includes a market assessment of
major types of industrial gases (oxygen, helium,
nitrogen, hydrogen, carbon dioxide, acetylene,
argon, and others). The study finds that
industrial gases find application in healthcare,
metal and metallurgy, pharma and biotech,
chemicals, automotive and aerospace, electronics,
pulp and paper, food and beverages and other
industries. 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. Research methodology This MRFR
report data is gathered through advanced data
triangulation methods which facilitates a stout
approach for assessing key industry trends,
growth hotspots, and market divergences. Data is
rigorously analyzed which allows the provision of
accurate, dependable and relevant market
insights. Both primary and secondary sources form
the foundation of the research itinerary.
Top-down and bottom-up approaches assist in the
authentication of market presentation and
maintenance of a premium standard in market
analysis.
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Industrial Gases Market - 2023
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. 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. 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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