In 2017, global industrial gases market size was accounted for USD xx Billion. It is expected to expand by USD xx Billion with a CAGR of xx% in the coming years on the basis of increasing demand for metal production & fabrication, food & beverage, petrochemical & chemical, automobile and pharmaceuticals & healthcare industry. The main factor fueling the growth of global industrial gases industry are developing the techniques of enhanced oil recovery in gas & oil sector, increase in depletion of petrochemicals & chemicals and enlargement of capacity of refinery. Increase in the sales of passenger car is estimated to increase the demand for industrial gases in the automobile sector worldwide over the forecast period.
Rise in investment in aerospace and automobile industry is increasing the demand for services of metal fabrication, participating in the growth of industrial gases. With increase in demand in the manufacturing industry of metal, industrial gases are expecting the increase in demand from industries like food & beverages, healthcare, oil & gas, chemicals and electronics. As environmental concerns are increasing and strict rules for safety are factors that play a major role in the growth of the global industrial gases market.
Development in technology in the healthcare industry upsurge the demand for industrial gases production and act a driving factor for the industrial gases market analysis. For instance, development of gas-assist equipment in the medical field offers variety of controls and equipment. In medical field, oxygen is required in large amounts to reduce the risk of excess oxygen in body tissue or lungs during surgeries and for giving artificial ventilation. Nitrogen is required in pre-flight lung diagnosis for calculating ability of person to respond to aircraft cabin environment. Carbon dioxide is used at the time of insufflation and infused with oxygen for respiratory simulation. Therefore, increase in usage of industrial gases in healthcare sector is increasing the demand of industrial gases market in the coming years.
Nowadays, governments of different countries are contributing substantially to the GDP of the healthcare sector. Healthcare sector is the main focus in the developing economies of Europe and North America. On the other hand, healthcare spending in the developing countries is growing because of increase in initiatives taken by government. Rising healthcare expenses are leading to increase in demand for healthcare products, where there is use of industrial gases.
Global industrial gases market are segmented into products, application, distribution channel and geography. On the basis of products, industrial gases industry is divided into nitrogen, hydrogen, carbon dioxide, oxygen, helium, argon, acetylene and many more. The largest segment in the global industrial gas industry is nitrogen. Nitrogen holds largest share because of the presence of general manufacturing, food processing and pharmaceutical industry use nitrogen in large amount for their manufacturing. Based on application, industrial gases market is divided into energy, healthcare, chemicals and metallurgy. Metal working and metallurgy are dominating the industrial gas industry. On the basis of distribution channel, market is divided into bulk, on-site and packaged.
Geographically, regions focusing on the development of global industrial gases market share are Europe, North America, Asia-Pacific, U.S and Rest of World (RoW). Asia-Pacific is the fastest growing market for industrial gases. Industrial gases market in Europe are expected to increase in the coming years.
Key Segments in the “Global Industrial Gases Market” are-
By Product market is segmented into:
By Application market is segmented into:
By Regions market is segmented into:
- North America
- Rest of World (RoW)
What to expect from the Global Industrial Gases Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.
Who should buy this report?
- Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies