Chemicals Industry Today

Industrial Gases Market Growth Opportunities and Industry Outlook 2018 to 2021

Industrial Gases Market Competitive Analysis, Trends and Forecast till 2021, with free sample copy of the report.
Published 26 July 2018
“Global Industrial Gases Market Research 2018-2021” The report covers the present scenario and the growth prospects of the global industrial gases market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Our analysts forecast the Global Industrial Gases market to grow at a CAGR of 6.57% during the period 2018-2021

Industrial gases are a group of organic and inorganic gases that are produced and used for various industrial purposes. They are in gaseous state at normal temperature and pressure. Nitrogen, hydrogen, helium, oxygen, ammonia, krypton, xenon, carbon dioxide, argon, and acetylene are the most commonly used industrial gases. Industrial gases are used in a wide range of end-user industries, such as oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food, water, fertilizers, nuclear power, electronics, and aerospace.

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The market is divided into the following segments based on geography: Americas, APAC, EMEA

Key vendors in this market are –  Air Liquide, Air products and chemicals, BASF, Linde Group, Praxair, and Taiyo Nippon Sanso.

Other Prominent Vendors in the market are: AIR WATER, Asia Technical Gas, Bangkok Industrial Gas, Bombay Oxygen Corporation, Buzwair Industrial, Cryotec Anlagenbau, Coregas, DAESUNG, Guangdong Huate Gas, Goyal Group, Gulf Cryo, INFRA Group, The Linde Group, Matheson Tri-Gas, MESSER Group, SOL, Universal Industrial Gases, and Yingde Gases.

Segmentation by distribution and analysis of the Industrial Gases market: Packaged, Merchant, On-site

Essential points covered in Global Industrial Gases Market 2018 Research are:-
  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the Global Industrial Gases market?
  • What are the key market trends impacting the growth of the Global Industrial Gases market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Industrial Gases market?
  • What are the market opportunities and threats faced by the vendors in the Global Industrial Gases market?
  • What are the key outcomes of the five forces analysis of the Global Industrial Gases market?
This independent 125 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Industrial Gases market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Competitive landscape and key vendors

The global industrial gases market is dominated by a few major players that hold nearly two-thirds of the market share. International vendors are trying to differentiate their products in terms of price, features, integration, service, and support to gain a competitive edge over regional vendors. Most well-established vendors have huge customer bases across many large manufacturing industries.

IndustryDataAnalytics Announces the Publication of its Research Report: Global Industrial Gases Market 2018-2021 

Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is Increase in R&D activities for development of new applications. Major vendors have increased their R&D activities for exploring new applications where industrial gases can be used in large volumes. Despite rapid growth, there are various other segments that require industrial gases and can emerge as the largest segment in industrial gas consumption.

Market challenge
High manufacturing cost
For a full, detailed list, view our report 

Market Trends
Increase in R&D activities for development of new applications
For a full, detailed list, view our report   

According to the report, one of the major drivers for this market is Rise in demand from major end-users. Industrial gases are widely used in the manufacturing and process industries, which include energy, oil and gas, petrochemicals, chemicals, food and beverages, healthcare, and electronics industries. Industrial gases can be classified as medical gases, specialty gases, fuel gases, and refrigerant gases. These gases are used in manufacturing processes to enhance the quality of the product. These gases are mainly used in producing or processing the final output. Steady growth from these industries is driving the demand for industrial gases.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Further, the report states that one of the major factors hindering the growth of this market is Threat from substitute products. Consumers purchase Industrial Gases mainly to quench thirst and for refreshment. There are other substitute products, like juices, soft drinks, and others, available in the market that can serve the purpose as well. More soft drinks are launched into the market considering the demand for these products. The Global soft drink market is expected to reach $1,115.67 billion by 2021 at a CAGR of 5.62% during the forecast period. This shows the growing demand for soft drinks. The wide availability of such products might hamper the growth of the Global Industrial Gases market during the forecast period. Many consumers like the taste of soft drinks and carbonated drinks. Manufacturers of such products introduce a wide variety of products to the market in convenient packaging formats. Hence, consumers can choose products based on the purpose and occasion. 

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Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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