Global Industrial Gases Market, By Product (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Others), Distribution Outlook (On-site, Bulk, Cylinder), Application (Healthcare, Manufacturing, Metallurgy and Glasses, Food and Beverage, Retail, Chemicals and Energy, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Industrial Gases Market
The industrial gases market is expected to witness market growth at a rate of 5.95% in the forecast period of 2022 to 2029. Data Bridge Market Research report on industrial gases market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the domestic and international trade is escalating the growth of industrial gases market.
The word “industrial gases” is referred to the gaseous materials which are produced for industrial purposes. Nitrogen, oxygen, argon, carbon dioxide, acetylene, hydrogen and helium are some of the industrial gases.
Major factors that are expected to boost the growth of the industrial gases market in the forecast period are the rise in the urbanization and industrialization. Furthermore, the increasing application of industrial gases in several industries such as healthcare, metals and mining, and food and beverage is further anticipated to propel the growth of the industrial gases market. Moreover, the growing demand for alternate energy sources is further estimated to cushion the growth of the industrial gases market. On the other hand, the environmental regulations and safety is further projected to impede the growth of the industrial gases market in the timeline period.
In addition, the growing need for crude oil worldwide and the rising demand for refining it will further provide potential opportunities for the growth of the industrial gases market in the coming years. However, the growing cost of gas conversion might further challenge the growth of the industrial gases market in the near future.
This industrial gases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the industrial gases market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Industrial Gases Market Scope and Market Size
The industrial gases market is segmented on the basis of product, distribution outlook, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the industrial gases market is segmented into oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others.
- On the basis of distribution outlook, the industrial gases market is segmented into on-site, bulk, and cylinder.
- On the basis of application, the industrial gases market is segmented into healthcare, manufacturing, metallurgy and glasses, food and beverage, retail, chemicals and energy, and others.
Industrial Gases Market Country Level Analysis
Adhesive resin market is analysed, and market size, volume information is provided by country, product, distribution outlook, and application as referenced above.
The countries covered in the industrial gases market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial gases market due to the rise in the need for industrial gases. Furthermore, the growth and development of the end-use industries will further boost the growth of the industrial gases market in the region during the forecast period. North America is projected to observe significant amount of growth in the industrial gases market due to the rise in the healthcare and electronic industries. Moreover, the development of the industrial sector is further anticipated to propel the growth of the industrial gases market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Gases Market Share Analysis
The industrial gases market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the industrial gases market.
Some of the major players operating in the industrial gases market are Praxair Technology, Inc., Airgas, Air Liquide, Air Products & Chemicals, IWATANI CORPORATION, Messer Group, Linde plc, Southern Industrial Gas Sdn. Bhd., nexAir LLC, Taiyo Nippon Sanso, SIG Gases, BASF SE, Yingde Gases Group Co. Ltd., Showa Denko, Messer Group, Sinopec and Mitsubishi Chemical Holdings among others.
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