Global Industrial Gases Market to record high demand by 2016-2024

Zion Market Research, the market research group announced the analysis report titled  ‘Industrial Gases Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021’

The term “industrial gasses” refers to the gaseous materials that are manufactured for the use in industries. Some of these industrial gasses are nitrogen, carbon dioxide, oxygen, argon, hydrogen, acetylene, and helium. A wide variety of these industrial gasses and mixtures is available in gas cylinders. Few examples of industrial gasses that are delivered in gas cylinders are medical oxygen, balloon helium, welding gasses and welding equipment, dispensing gasses for beer kegs, and LPG. There are also a wide variety of hand-carried small gas containers that are used to deliver industrial gasses. These small gas containers include cylinders, bottles, cartridges, capsules, or canisters that are used to supply LPG, propane, butane, nitrous oxide or carbon dioxide. Other examples are whippets, camping, powerless, and SodaStream.

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Industrial gasses are used in numerous end-use industries including oil and gas, petrochemicals, power, environmental protection, mining, steelmaking, chemicals, metals, medicine, nuclear power, electronics biotechnology, food, water, pharmaceuticals, fertilizers, and aerospace. Industrial gasses are sold to other industrial enterprises. Of the end-use industries, metals industry is expected to lead the global industrial gases market. These industrial enterprises mainly comprise huge orders of corporate industrial clients that range from building a processing facility or pipeline to cylinder gas supply.

The global industrial market is segmented on the basis of type, function, and end-use. Based on the type, the market is segmented as oxygen, hydrogen, nitrogen, and others. The others segment includes carbon dioxide, argon, acetylene, and helium. On the basis of function, the market is segmented as fabrication, metal manufacturing, and others. Based on the end-use application, the market is segmented as oil and gas, petrochemicals, metals, aerospace, and others.

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Asia Pacific dominated the market by its substantial market share in the global industrial gasses market. A considerable increase is observed in the domestic consumption of these industrial gasses in the developing countries such as India and China. Owing to this, the demand for industrial gasses in Asia Pacific is anticipated to witness high growth in the near future. North America and Europe are the next market players dominating the industrial gasses market after Asia Pacific.

Increasing international and domestic trade is one of the factors positively impacting the industrial gasses market growth in the developing countries such as India and Brazil. In addition, rising industrialization in the developing countries of Asia Pacific and the Middle East countries is also anticipated to boost the growth of the global market. Conversely, strict government regulations to meet the environment regulation, to some extent, may hinder the growth of the global industrial gasses market.

Major players in the industrial gasses market include L’Air Liquide SA, Air Products and Chemicals Inc., Praxair Inc., and Airgas Inc. Other key players are Linde AG, Taiyo Nippon Sanso Corp., and Matheson tri-Gas Inc.

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Industrial Gases Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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