Press release
Industrial Gases Market Detailed Qualitative Overview, In-Depth Analysis, Trends and Growth Forecast For Key Players - Praxair, Inc, Air Products and Controls Inc., The Linde Group, Air Liquide, Airgas & Taiyo Nippon Sanso
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Among the various product types, the hydrogen segment held the largest share in the global industrial gases market. According to the U.S. Energy Information Administration (EIA), the global crude oil production increased from 77,980 thousand barrels per day in 2014 to 80,071 thousand barrels per day in 2015.
Among the various applications, the petroleum refinery segment held the largest share in the global industrial gases market. Over the last few years, the demand for hydrogen in petroleum refining has increased significantly, owing to stricter environmental legislations imposed by various governments.
In 2015, Asia-Pacific held the largest share in the global industrial gases market with 38.9% share. The industrial gases market in the region is anticipated to witness the highest growth at a CAGR of 6.6% during the forecast period.
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Some of the major players operating in the global industrial gases market include Praxair Inc., Air Products and Chemicals Inc., Linde AG, Air Products and Chemicals Inc., Air Liquide, Airgas Inc., and Taiyo Nippon Sanso Corporation.
GLOBAL INDUSTRIAL GASES MARKET SEGMENTATION
By Product Types
Hydrogen
Oxygen
Carbon Dioxide
Nitrogen
Helium
Argon
Acetylene
By Production and Delivery
Merchant Gases (Liquefied, Tank Delivery)
Merchant Gases (Cylinder Delivery)
High Volume Gases (On-Site Generation)
By Application
Petroleum Refinery
Chemical Production
Food Processing
Healthcare
Electronics
Metal Processing
Others
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Others
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