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Industrial Gas Market Trends (Hydrogen, Oxygen, Carbon Dioxide, Nitrogen) Research Report by TBRC

09-27-2019 11:50 AM CET | Industry, Real Estate & Construction

Press release from: The Business research company

Global Industrial Gas Market

Global Industrial Gas Market

The industrial gas market consists of the sales of industrial gases by entities (organizations, sole traders or partnerships) that manufacture industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases.

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Major Competitors are Air Liquide, The Linde Group, Praxair, Inc., Air Products and Chemicals Inc, Mitsubishi Chemical Holdings Corp

Growth in the historic period resulted from emerging markets growth and technology development. Going forward, economic growth and applications of industrial gas in healthcare will drive growth. Factors that negatively affected growth in the historic period were safety, and changing regulations. Factors that could hinder the growth of this market in the future are rise in interest rates, and reduction in free trade.

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Opportunities – The top opportunities in the global industrial gas market will arise in the nitrogen gas segment which will gain $7.8 billion of global annual sales by 2022. The industrial gas market size will gain the most in China. Industrial gas-trend-based strategies include increasing the production capacities for food grade industrial gases, adopting IoT technologies to increase operational efficiencies and reduce production costs, and acquiring smaller companies to increase their market shares. Players adopted strategies in the industrial gas industry include acquiring companies in similar industries, expanding production facilities, growth through acquisitions, and making sustainable investments.

Asia Pacific is the largest market for industrial gas, accounting for almost 39% of the global market. It was followed by North America, Western Europe and then the other regions. Going forward, the Middle East and Africa will be the fastest growing regions in this market.

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