Industrial Gases Market Trends, Drivers, and Impact Analysis - 2031

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐚𝐬𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The global industrial gases market is likely to expand at a notable CAGR of 6.1% during the forecast period of 2021 to 2031 and reach value of US$ 126.1 Bn by 2031.

Industrial gases are specific gaseous materials produced for industrial purposes, with the most prominent ones being oxygen, nitrogen, carbon dioxide, helium, and hydrogen. Various other mixtures are also manufactured and provided as gas cylinders. A number of industries require these customized gases, including steel, oil & gas, chemicals & petrochemicals, biotechnology, medicine, environmental protection, and nuclear power. The market for the same is feeding off the prosperity of each of them.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/industrial-gases-market.html

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐚𝐬𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Key players profiled in the report are Air Products & Chemicals Inc., Air Liquid SA, Praxair Inc., Linde Group, Sig Gases Berhad, BASF SE, Yingde Gases Group Company Limited, Taiyo Nippon Sanso Corporation, Messer Group GmbH, and Iwatani Corporation. Market shares are fragmented with no company being any close to a position of dominance. Major players are expanding geographically to sustain inflow of demand in a scenario wherein product pricing has become a major aspect.

𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

According to the analysts of the report, the number of vendors connected to the value chain of the global industrial gases is consistently increasing. This, in turn, is intensifying the competitive landscape. With the emergence of a number of regional players, the competition entails the pricing of finished products.

The report identifies Air Products & Chemicals Inc., Air Liquid SA, Praxair Inc., Linde Group, Sig Gases Berhad, BASF SE, Yingde Gases Group Company Limited, Taiyo Nippon Sanso Corporation, Messer Group GmbH, and Iwatani Corporation as some of the notable names in this fragmented market scenario.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1140 

In order to gain higher shares, pricing products at reasonable ranges is not enough. The vendors in this market are also focusing on expanding geographically and managing the lack of production differentiations. Additionally, strengthening of supply chain is expected to help players expand their share in the market.

Based on product type, the TMR report segments the industrial gases market into hydrogen, acetylene, helium, argon, carbon dioxide, oxygen, nitrogen, and hydrogen. Currently, the hydrogen segment accounts for the prominent share of the market in terms of demand. Geographically, emerging economies of China, India, and South Korea are expected to help Asia Pacific dominate the global market.

𝐑&𝐃 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐏𝐫𝐨𝐝𝐮𝐜𝐞 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

Apart from the sustained demand from prospering end-use industries, the market for industrial gases is poised to gain traction from few new trends, such as increase in research and development activities for new application, inorganic expansion of production capacities of companies, mergers and acquisitions, adoption of integrated distribution channels, and innovation across industrial gas packaging. The growth in rubber manufacturing, automotive, and packaging industries is also a key driver of the market. On the other hand, stringent regulations that need to be complied with and threat of CO2 emission are retraining the market from attaining greater potential.

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1140 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐚𝐬𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐚𝐬𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Hydrogen

Nitrogen

Oxygen

Carbon Dioxide

Argon

Helium

Acetylene

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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