Industrial Gases Market was Valued USD 89 billion in 2019 and will grow at 7.2% CAGR till 2027 | Size, Share, Analysis & Report Forecast
The Industrial Gases Market was calculated around USD 89 billion in 2019 and is expected to grow at a CAGR of 7.2% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/industrial-gases-market-share-trends-analysis/
The factors driving the growth of Industrial Gases Market includes increasing use of industrial gases in end-use industries such as Healthcare, Food and Beverage and Electronics, growing demand for fiber optics, flat panel displays and printed electronics, around the world and rising emphasis on utilizing clean energy. According to the report published by Statista, the Fiber Optic Cable Market in the Untied States has increased from USD 1.93 billion in 2015 to USD 2.24 billion in 2020, which will accelerate the Global Industrial Gases Market in the approaching years. Moreover, the rapid growth in manufacturing semiconductor, increasing investments by leading players on research and development, rising disposable incomes, on-going infrastructure development in the developing countries and growing population growth rates, are some of the additional factors supplementing the Industrial Gases Market size. As per Bloomberg, the Semiconductor and Electronics Market is expected to reach USD 1 trillion by the end of 2029, growing at a CAGR of 7.4% over the forecast period (2022-2029), which will boost the market growth in the coming years.
However, the growth of Industrial Gases Market is hindered due to strict regulations regarding the distribution of industrial gases.
The major players operating in the market are BASF SE, Southern Company, Universal Industrial Gases, Inc., Air Liquide, Air Products Inc., Linde plc, Bhuruka Gases Limited, Matheson Tri-Gas, Messer Group and Gulf Cryo, among others.
Based on Gas Type, the Oxygen segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of oxygen in gas welding, gas cutting and manufacturing air products, is propelling the segment's growth.
Based on End User, the Healthcare segment is estimated to grow at a remarkable CAGR over the forecast period
Increasing use of oxygen for breathing, development of gas-assist equipment suppliers and growing adoption of advanced technologies in the healthcare sector, are some of the factors responsible for the segment's growth.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
As per the Industrial Gases Market Analysis, growing demand for iron and steel across industry verticals, rapid growth in the manufacturing sector, increasing population growth, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
In 2019, Air Products entered into an agreement, receiving USD 168 million from NASA for supplying helium for the space projects. The assigned project is for two years.
In 2019, Linde and ExxonMobil Asia Pacific Pvt. Ltd., agreed to expand organization's integrated manufacturing complex in Singapore. The project includes building and operation of additional gasifiers, a 1,200 metric ton per day air separation plant and Linde's proprietary downstream gas processing units.
Segmentation by Gas Type
Segmentation by Application
Cutting and Wedding
Segmentation by End User
Food & Beverage
Oil & Gas
Pulp and Paper
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Gases Market was Valued USD 89 billion in 2019 and will grow at 7.2% CAGR till 2027 | Size, Share, Analysis & Report Forecast here
News-ID: 2739382 • Views: 208
More Releases from GMI Research
Social Media Analytics Market is estimated to touch USD 21.6 billion in 2029, re …
Social Media Analytics Market was valued at USD 4.2 billion in 2021 and is estimate to reach USD 21.6 billion in 2029 growing at a CAGR of 22.7% For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/social-media-analytics-market-analysis-industry-research/ The factors driving the growth of Social Media Analytics Market includes the increasing demand for business intelligence tools, increasing number of smartphones, growing focus by businesses on collecting customer feedback and proliferation of social
GCC Construction Chemical Market is Predicted to Expand at a Promising CAGR duri …
The GCC Construction Chemical Market is estimated to grow at a robust CAGR over the forecast period (2022-2029). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/gcc-construction-chemical-market/ The factors driving growth of the GCC Construction Chemical Market includes increasing focus of Governments on reducing their dependency on oil and gas sector, emerging need to repair the ageing buildings, rise in the number of smart cities and improvements in the living standards.
5G Industrial IoT Market is projected to touch USD 5,312 million in 2029, regist …
5G Industrial IoT Market was valued at USD 780 million in 2021 and is projected to grow at a CAGR of 27.1% during the forecast period, 2022-2029 reaching USD 5,312 million in 2029 For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/5g-industrial-iot-market/ Expansion in the 5G industrial IoT market is attributed to the increasing investment in 5G technology and transportation. Also, as per the 5G Industrial IOT Market research report the increasing
North America 3D Printing Market is predicted to increase at a higher CAGR durin …
The North America 3D Printing Market is estimated to grow at a robust CAGR over the forecast period (2022-2029). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/north-america-3d-printing-market/ The factors driving growth of the North America 3D Printing Market includes increasing demand for 3D printing across end-use industries such as Healthcare, Consumer Products and Automotive, growing demand for jewelry across United States and Canada, rise in the number of smart factories,
More Releases for Gas
Know about City Gas Distribution Market Growth with Top Companies details like: …
The City Gas Distribution Market 2020-2024 Report involve of strong research on global City Gas Distribution industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global City Gas Distribution market's proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide City Gas Distribution
City Gas Distribution Market 2019: Top Companies- Gujarat Gas, Indraprastha Gas, …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments. Get Sample Copy of This Report at https://www.orianresearch.com/request-sample/1011059 City Gas Distribution Industry 2019 Global Market research report provides a detailed analysis of market growth factors, industry share, regional trends, size and Forecast till 2025. This report
City Gas Distribution Market Exploring Future Growth 2019-2023 and Key Players - …
Global City Gas Distribution Market Research Report consists of all the significant data related to the global market. The report presents a comprehensive analysis of the various industry growth factors, including the market trends, dynamics, estimates, production and consumption ratio, industry development factors, size, share, supply and demand, forecast trends, sales, as well as several other factors. The report has been generated leveraging a blend of the primary and secondary
2019-2026 City Gas Distribution Market Report By Top Most Key Players like Gujar …
Up Market Research published an exclusive report on City Gas Distribution Market. As per the report, City Gas Distribution Market research report is expected to grow at tremendous rate during 2019-2026. Get sample of this report @ https://www.upmarketresearch.com/home/requested_sample/89587 The report provides current market scenario, trending innovations, market segmentation, factors driving and restraining the market growth, future opportunities, revenue growth, and profitability of the industry. The City Gas Distribution Market research
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
City Gas Distribution Market Latest Technology Trends 2018 | Growth by Top Compa …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments. The report Global City Gas Distribution Market 2018 focuses on fundamental know-how of City Gas Distribution segment. The report provides comprehensive study and vivid description of drivers, limitations, openings, request factors, market size, conjectures, and patterns in the Worldwide