The value of the global industrial gases market stood at US$38.0 billion in 2011 and will steadily expand to US$58.4 billion by the end of 2018, says Transparency Market Research in its latest report. The global industrial gases market will demonstrate a moderately healthy CAGR of 6.3% from 2012 through 2018. Industrial gases are a group of mixed gases that are manufactured specifically to meet the demand for various industries such as oil and gas, petrochemicals, nuclear power, pulp and paper, aerospace and electronics. Such gases find uses globally. The report is titled “Industrial Gases Market - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018.”
Browse the full Global Industrial Gases Market (Hydrogen, Nitrogen, Oxygen, Carbon Dioxide, Argon, Helium, Acetylene) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at https://www.transparencymarketresearch.com/industrial-gases-market.html
The report analyzes the market for the following industrial gases: Nitrogen, hydrogen, argon, helium, oxygen, carbon dioxide, and acetylene. Besides the types of gases, the report also studies the global industrial gases market by geography as: Asia Pacific, North America, Europe, and Rest of the World.
TMR’s analysts highlight the fact that the strongest growth in the industrial gases market will be seen in the BRICS nations owing to the massive urbanization and infrastructure growth taking place here. Players in the industrial gases market will see higher demand from end-user industries such as automobiles, logistics and transportation, food processing, manufacturing industries, and the metal and chemicals industry. China and India will exhibit robust demand for industrial gases through the next three to four years, the report observes. The findings of the report state that the CAGR of the APAC market (7% from 2012 to 2018) will be higher than the global CAGR during the same period.
Yet, companies manufacturing industrial gases will have to contend with a number of challenges with transportation, storage, and the ever-changing regulatory landscape. For instance, gases typically need to be converted into the liquid form for storage and transportation, and are reverted into their original gaseous form for use. This entire process can be costly and needs to be executed with utmost safety. Naturally, it adds to the overall costs borne by companies operating in the industrial gases market.
The other serious impediment to the growth of the industrial gases market is environmental consciousness. As consumers become aware of the benefits of switching over to low-emission or emission-free processes and alternative energy sources, certain types of industrial gases could see a dip in demand. This report assesses all of these threats, growth drivers, and growth opportunities that currently prevail in the industrial gases market.
This market study also offers insight into the competitive scenario within the industrial gases market and conducts an impact analysis of recent mergers and acquisitions. Market shares, financial standing, and growth strategies of various key players in the industrial gases market form an important part of this report. Companies profiled include: Air Liquide, Praxair Inc., Linde Group, and Air Products and Chemicals Inc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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