Western Europe Industrial Gas Market Report 2017

Western Europe Industrial Gas Market Report 2017

  • October 2017 •
  • 87 pages •
  • Report ID: 5161730 •
  • Format: PDF
Western Europe’s industrial gas market was the third largest in the world. It currently has about 18.2% share of the global industrial gas market. The market in Western Europe grew at a CAGR of 0.3% in the historic period and is expected to grow at a CAGR of 2.6% in the forecast period. This is mainly due to the presence of a large number of manufacturing, chemicals and metallurgical companies, which is driving the demand for the industrial gases in the country.

Oxygen was the largest segment in the industrial gas market with around 27% share of the market. This was mainly due to the increased demand of oxygen in the manufacturing, healthcare and chemicals industries in the region. According to Gasworld, oxygen is the largest revenue generating gas in the French, German, Belgian and Netherland industrial gas market. Nitrogen was the second largest segment with around 26% share of the industrial gas market. Hydrogen was the third largest segment with around 15% share of the industrial gas market.

The food and beverage industry is increasingly utilizing food-grade industrial gas. Food grade gases are high purity gases complying with food grade standards. Food grade industrial gases include nitrogen, oxygen, and carbon dioxide which are used to chill, freeze and package a variety of food products such as dairy and frozen products, beverages, fruits and vegetables, meat, fish, seafood, convenience foods, bakery and confectionery. Health-conscious consumers are also demanding fewer additives, safer and fresher food products, so increasing the demand for industrial gases which can sometimes be used in place of chemical ingredients.
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