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Regional Analysis of Industrial Gases Market Illuminated by New Report in 2031

Regional Analysis of Industrial Gases Market Illuminated by New

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐†๐š๐ฌ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง

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. According to a business intelligence study by Transparency Market Research (TMR), 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.

๐‘๐ž๐š๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ - https://www.transparencymarketresearch.com/industrial-gases-market.html

๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.
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.

๐†๐ž๐ญ ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1140

๐‘&๐ƒ ๐€๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ข๐ž๐ฌ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐œ๐ž ๐‹๐ฎ๐œ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐ž๐ฌ๐ฎ๐ฅ๐ญ๐ฌ

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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง -
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1140
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.

๐Œ๐š๐ค๐ž ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1140

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐†๐š๐ฌ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

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.

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

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