logo
logo

Industrial Gases Market Flourishing Due to the Capacity Expansion of Industrial

avatar
Blessy Joy
img

Growing industrial activities are increasing the count of the manufacturing plants and leading to the rise in mandate for well-organized machinery to run the manufacturing activities, and thus, imparting impetuous on the industrial gases market. IndustryARC’s recent publication estimates that the global industrial gases market value will reach 1.05 billion by 2023. Globalisation of the industry and resource constrains are the key growth drivers of industrial gases, which is set to grow at a Compound Annual Growth Rate (CAGR) of  4.5% throughout the forecast period 2018-2023.

The global industrial gases market report comprises of market overview, competitive landscape, market forces, strategic analysis and regional analysis of industrial gases on a global basis. The report is titled “Industrial Gases Market: By Type (Oxygen, Nitrogen, Hydrogen, Argon, Others); By Storage (Compressed, Liquid, Solid); By Mode of Supply (Bulk, Packaging, Pipe line); By Packaging (Cylinders, Cartridges, Cryogenic Tanks, Bottles, Others); By End Use Applications (Chemicals and Petrochemicals, Electronics, Automotive, Metal Working, Medical, Food and Beverages, Others); By Geography – Forecast (2018-2023).”

View Full Table of Contents of Industrial Gases Market:

https://industryarc.com/Report/15513/industrial-gas-market.html

Industrial Gases Market: Leading Segments

IndustryARC analyst has identified the Americas region as the largest industrial gases market in 2017, accounting for a share of 36.5% of the overall revenue generation. This is owing to the widespread use of industrial gas in a diverse range of industrial clusters and high level of manufacturing activates. Capacity expansions of U.S. industrial gas companies coupled with the increased customer outsourcing of gas production. A number of foremost companies have raised their industrial gas production in the U.S. market to cater to growing chemicals and automotive sectors in this region.

Nitrogen, carbon dioxide, hydrogen, oxygen, and argon are the major industrial gases used in chemicals and petrochemicals, medical and pharmaceutical, power, electronics, food and beverage industry, oil and gas, metallurgy and metal working industry, automotive, aerospace, and aircraft and transportation industries. Oxygen gas is depicted as the fastest growing among other industrial gases with a CAGR of 5.1% during the aforesaid forecast period. It is mainly used as a plasma cutting gas in the automotive and transportation equipment. Additionally, it acts as an assist gas for laser cutting.

Industrial Gases Market: Disruptive Trends

Modified Atmosphere Packaging(MAP)

Wide usage of industrial gases in food processing mostly involved in MAP, to replace the air by nitrogen to enhance the shelf life of food. It is a preservation technology, which is used for food such as vegetable, fruit, meat, and fish. Nitrogen and carbon dioxide are chiefly used industrial gases, to chill, freeze, grind, and pack a variety of products which include bakery & dairy products, fish & seafoods, beverages, and fruits & vegetables. Industrial gases provide cost saving, health, and safety benefits through food processing application.

Elevating as Refrigerators & Freezers

Carbon dioxide industrial gas is vastly used as an alternative to HCFC and CFC refrigerants. Co2 refrigerants are broadly adopted in Europe and South East APAC. Co2 is anticipated to witness the maximum growth in the natural refrigerants market by 2020 due to its great adoption by retail chains and superstore for refrigeration and air conditioning applications.

Industrial Gases Market: Competitive Landscape

Some of the key industrial gases market players are noted as Linde AG (Praxair Inc.), Air Liquide S.A., Air Products and Chemicals S.A., Taiyo Nippon Sanso Corporation, Air Water Inc., and Iwatani Corporation.

What can you expect from the report?

The Industrial Gases Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Industrial Gases Market Size by Product Categories & Application

2. Industrial Gases Market trends & Relevant Market Data

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End-user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Industrial Gases Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Industrial Gases Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Industrial Gases Market Strategic Analysis

18. Industrial Gases Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Industrial Gases Market Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Media Contact:

Mr. Venkat Reddy

Sales Manager

Email: [email protected]

Contact Sales: +1-614-588-8538

 

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

collect
0
avatar
Blessy Joy
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.