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.
Technavio’s analysts forecast the global industrial gases market to grow at a CAGR of 6.57% during the period 2017-2021.
Covered in this report 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.
The market is divided into the following segments based on geography: • APAC • Europe • North America • ROW
Technavio’s report, Global Industrial Gases Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Air Liquide • Air products and chemicals • BASF • Linde Group • Praxair • Taiyo Nippon Sanso
Other prominent vendors • 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 • Yingde Gases
Market driver • Rise in demand from major end-users • For a full, detailed list, view our report
Market challenge • High manufacturing cost • For a full, detailed list, view our report
Market trend • Increase in R&D activities for development of new applications • For a full, detailed list, view our report
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?
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