Industrial Gases Market Insights:

Global industrial gases market is recorded to grow exhibiting a higher CAGR of by 2023 on account of rising demand filed from chemical & petrochemical, metal fabrication & production, automobile, healthcare & pharmaceuticals, and food & beverage industries and more.

Industrial gases are defined to be specific gaseous materials that are produced for industrial purposes. The most prominent are listed to be as oxygen, nitrogen, carbon dioxide, helium, and hydrogen, although various other mixtures, which are also manufactured and provided as gas cylinders. At times, several industries such as steel, oil and gas, chemicals and petrochemicals, biotechnology, medicine, environmental protection, and nuclear power require such customized gases. Hence, the market for the same is feeding off the prosperity of each of them.

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Industrial Gases Market Segmentation:

The global industrial gas market has been segmented on the basis of gas type and application. Based on gas type, the industrial gases market has been segmented into oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon and others.

Based on application, the industrial gases market has been segmented into healthcare, metal and metallurgy, pharma and biotech, chemicals, automotive and aerospace, electronics, pulp and paper, food and beverages and others.

Leading Players:

Air Liquide S.A., Linde AG, Air Products, Praxair Inc., BASF, Gulf Cryo, Airgas Inc., Air Products and Chemicals inc., Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases Ltd., Messer Group GmbH, The Southern Gas Ltd., MATHESON Tri-Gas Inc., Cryotech Anlagebau GmbH, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, Bhuruka Gases Ltd., Asia Technical Gas Co (PTE) LTD (ATG), Buzwair Industrial Gases Factory Etc.

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Industrial Gases Regional Market Analysis:

The region-wise analysis of the global industrial gases market includes four major regions such as Asia Pacific, North America, Europe and the rest of the world.

The industrial gases market in the North America region is majorly driven by the high demand for industrial gases in rapidly developing automotive and construction industries in this region. The industrial gases market in the Asia Pacific region is expanding at a significant growth rate owing to the increased production activities for the export of industrial gases and also due to increasing use of basic oxygen furnace technology by major metal and metallurgy companies which is increasing the consumption of industrial gases in this region. Rise in production capacity of various end-use industries such as chemicals, metals, food and beverages, healthcare and construction are inducing high demand for industrial gases, which in turn is propelling the growth of industrial gases market in the Europe region.

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