Industrial Gases Market is forecasted to grow at 6.1% for 2018 to 2025 helping the industry to a market capitalization of USD 128.52 billion at the end of the forecasted period. This market growth is also expected to be witnessing a number of restricting factors in its growth such as the presence of various regulations prevalent regarding the safety of industries and individuals, along with the presence of concerns in relation to the environmental impact of the consumption of these gases.
Industrial gases market is being driven by the rise of different applicable industrial segments operating worldwide, such as metal manufacturing & fabrication, automobile, aerospace and various others. The market is also expected to rise due to the growth of optimizing and enhancing the welding process resulting in consumption for better oxygen qualities.
According to Data Bridge Market Research, industrial gases market of North America is will hold the largest market share, although developing countries of Asia-Pacific region are resulting in the region having the highest growth rate amongst all of the other regions. This market share of North America is expected to be caused by the growth of petroleum and natural gas industries in the region, whereas Asia-Pacific will be growing due to the expansion of metal fabrication and various other industrial growths witnessed in the region.
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In June 2019, Air Water Inc. announced that they had acquired Praxair India Private Limited’s “East Region Divestment Business” through their subsidiary Air Water India Private Limited. This acquisition was required after the Competition Commission of India directed Praxair and Linde to divest part of their businesses for the completion of their acquisition.
Global Industrial Gases Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).
All country based analysis of the industrial gases market is further analysed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into nitrogen, oxygen, argon, hydrogen, carbon dioxide and others. Mode of distribution has been segmented into bulk, tonnage and packaged. Application has been segmented into metal production, automotive, chemical & petrochemical, healthcare & pharmaceuticals, food & beverages, metal fabrication and others.
Industrial gases are the gas-based compounds that have been developed, manufactured and extracted for their purpose of being utilized in different industrial applications. These compounds are majorly available in cylinders with the majority of gases constituting of argon, nitrogen, oxygen, carbon dioxide, helium, hydrogen and various other individual and mixture of different compounds.
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Key Pointers Covered in the Industrial Gases Market Industry Trends and Forecast to 2025
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of industrial gases companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-gases-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Industrial Gases Market – Industry Trends and Forecast to 2027