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Global Industrial Gas Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033 | Major Players Are BASF SE, 3M Company, Medtronic PLC, Evonik Industries AG, Stryker Corporation.
Industrial Gas Market
The Business Research Company presents an extensive market research report on the Industrial Gas Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial gas market size has grown rapidly in recent years. It will grow from $146.1 billion in 2023 to $166.04 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to manufacturing and industrial growth, energy sector development, healthcare industry requirements, globalization and international trade, environmental regulations, infrastructure development.
The industrial gas market size is expected to see rapid growth in the next few years. It will grow to $272.59 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to growing transition to green energy, electronics industry growth, carbon capture and storage, hydrogen economy development, space exploration and aerospace industry. Major trends in the forecast period include biotechnology and pharmaceutical sector, advanced manufacturing technologies, technological advancements, medical gases market growth, liquefied natural gas (lng) market expansion.
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Key Market Players:
Major companies operating in the industrial gas market report are BASF SE, 3M Company, Medtronic plc, Evonik Industries AG, Stryker Corporation, DuPont de Nemours Inc., Celanese Corporation, Zimmer Biomet Holdings Inc., Biomet Inc., Koninklijke DSM NV, Arthrex Inc., DePuy Synthes Companies, Carpenter Technology Corporation, Corbion NV, GELITA AG, Wright Medical Group NV, CoorsTek Inc., CeramTec GmbH, Orthofix Holdings Inc., Invibio Biomaterial Solutions plc, Keystone Dental Inc., KLS Martin SE & Co., Collagen Matrix Inc., Cam Bioceramics BV, Aap Implantate AG, Berkeley Advanced Biomaterials Inc., AdvanSource Biomaterials Corporation, Collagen Solutions plc, Surgival SL, SBM France SAS
Market Drivers:
New developments are taking place in healthcare with an increasing emphasis on a healthier and generally better quality of life. In addition to oxygen, nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium, and xenon are all being prepared for use in pharmaceutical-based products. Treatments and drug developments using induced pluripotent stem cells (IPS) are bringing a new added value to the industry through the application of systems using gases such as carbon dioxide and liquid nitrogen, which are indispensable for the cultivation and preservation of cells and tissues, driving demand for high-grade industrial gases.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/industrial-gas-global-market-report
The industrial gas market covered in this report is segmented -
1) By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas
2) By Mode of Supply: Bulk, Packaging, Pipe Line
3) By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels, Other Packagings
4) By End User Industry: Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare, Other End-User Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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