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Industrial Gases Market Size, Share, Trends, and Growth 2019-2026

 



(EnergyIndustry.Net, December 17, 2019 ) Market Overview

Industrial Gases are gaseous materials which are produced for use in various industries. The significant gases which are used in the industry include oxygen, nitrogen, carbon dioxide, acetylene, hydrogen, argon, and helium.



The demand for fresh food products is rising globally. Consumers are becoming more health-conscious and preferring safe and clean food with fewer additives, which is increasing the demand for industrial gases that can be used in place of the chemical ingredients.



Therefore, the food and beverage industry is buying large quantities of food-grade industrial gas which are used to chill, freeze and package the various food products. Thus, because of the growth in Food & beverage industry, the market for the industrial gases is expanding.



Download free report sample @ https://www.datamintelligence.com/download-sample/industrial-gases-market





Market Trends

The increasing demand for the high-grade industrial gases market share in Healthcare is also a significant driver for the market.



In contrast to oxygen, which is used in medical facilities to aid in the treatment of hypoxemia and hypoxia, carbon dioxide is used for insufflation and is often combined with oxygen or air as a respiratory stimulant to promote deep breathing.



Nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium, and xenon are also being prepared for clinical use in pharmaceutical products.



Market Drivers

Thus, the broad applications of Industrial gases in the healthcare sector are boosting the market for Industrial Gases. The stringent laws and regulations associated with the manufacturing, storage, and distribution of Industrial Gases tend to decrease the profit margin for the companies. And also the cost involved in the room of Industrial Gases is very high. So, these factors can be a potential barrier to the growth of the market.



Market Segmentation

The Global Industrial Gases Market report segments the market by gas type and by end-user industry. Gas type the market includes Oxygen, Nitrogen, Helium, Hydrogen, Carbon dioxide, Acetylene, Argon, and Others.



Nitrogen is the largest segment in this category. Nitrogen is a critical cryogenic agent in cooling, chilling and food freezing. Because of its freezing temperatures, immersion freezing in liquid nitrogen is the fastest freezing method known for producing Individually Quick Frozen (IQF) foods. Nitrogen also plays a crucial role in reducing spoilage, discoloration and off–flavors, giving strength to retail packaging.



Most noteworthy, As the demand for frozen food products is increasing in the U.S., it will increase the demand for industrial gases especially Nitrogen, which has significant applications in frozen foods. Further, the market can be classified by End-user Industry.



Segmentation by

By Gas-Type

• Oxygen

• Nitrogen

• Helium

• Hydrogen

• Carbon Dioxide

• Acetylene

• Argon

• Others



By End-User Industry

• Chemicals & Refining

• Automotive & Aerospace

• Manufacturing

• Metals

• Energy

• Food & Beverages

• Health & Medicine

• Electronics

• Others



By Region

• Asia Pacific

• Europe

• North America

• South America

• Rest of the World



End-User Industries for Industrial gases are Chemicals & Refining, Manufacturing, Metals, Energy, Automotive, Food & Beverages, Health & Medicine, Electronics, and Others.



By end user industry, manufacturing is the largest global segment of the industrial gas market mainly due to manufacturing demand for industrial gases such as nitrogen and hydrogen. For instance, in the automotive industry, nitrogen in combination with other welding gases is used to weld auto parts, frames, mufflers, and other components.

Nitrogen is also used in high Reynolds-number wind tunnels, heat treating furnaces, and autoclaves, and to help create healthy and light-weight materials. Hydrogen is used in the manufacture of heat treating furnaces and parts.







Geographic Shares

North America contributes significantly to the Industrial Gas Market. It is because of the rapid rise in the automotive and construction sector in the U.S. which is propelling the demand for Industrial Gases.



Also, the consumption of industrial gases is increasing in refineries as there is a high demand for cleaner-burning fuels in U.S. which is driving the need for Hydrogen in the U.S.



APAC is predicted to be the fastest growing region during the forecast period owing to the demand of industrial gases in manufacturing, chemicals, healthcare and food sector in this region because of rapid urbanization and fast-growing population.



Moreover, governments in countries like China, India, and Indonesia are taking various initiatives to develop alternative energy sources. This is fuelling the growth of gasification plants which uses a substantial amount of Industrial Gases.



Manufacturer Analysis

The Global Industrial Gases market report profiles the following companies- Air Liquide, Air Products & Chemicals, The Linde Group, Praxair, The BOC Group, BASF, Messer Group, Tai-yo Nippon Sanso and Matheson Tri-Gas, Inc.

Air Liquide, Air Products & Chemicals, and Linde Group hold the majority of the market share of the Industrial Gases. Air Liquide operated in 80 countries and had net revenue of about 23 billion in 2017.



Industrial Gases News

There is a proposed merger of equals between The Linde Group and Praxair which has already been approved by The European Commission (EU). This merger would change the dynamics of the Industrial Gas industry.



Why Choose DataM Intelligence?

Analyze your industry using Porters 5 forces model of global and country-wise industrial gases market.

Visualize the composition of the Industrial Gases market across each indication, regarding the gas type and end-user industry highlighting the critical commercial assets and players.

Identify business opportunities in Industrial Gases market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of the Industrial Gases market level 4/5 segmentation

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Product mapping in excel for the key Industrial Gases market products of all major market players.



Who can derive maximum benefit from this report?

Raw Material Suppliers/ Buyers

Product Suppliers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers



View full report sample @ https://www.datamintelligence.com/research-report/industrial-gases-market



For any enquiry about the report@ https://www.datamintelligence.com/enquiry/industrial-gases-market



About Us:

DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions. We monitor and analyze the market by dissecting various parameters such as market influencers, competitive intensity, innovations, trends, and emerging products.



For more information:

Sai Kiran

Sales Manager

Website: www.datamintelligence.com

Email: info@datamintelligence.com





DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

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