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GLOBAL INDUSTRY INSIGHT: Industrial Gases Market Size, Share, Development, Growth and Demand
Forecast to 2020
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Global Industrial Gases Market Size, Share, Development,
Growth and Demand Forecast to 2020
Some of the major factors driving the growth of the global industrial gases market are rapid industrialization and
increasing population. Industrial gases have applications in various industries, such as petrochemicals, oil and
gas, mining, pharmaceuticals, electronics, fertilizer, and nuclear power; which is fueling the growth of the global
industrial gases market. In addition, the advancement in industrial gas production technology, and huge demand
in emerging economies, such as India and China are driving the growth of the global industrial gases market.
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analysis/industrial-gases-market
Moreover, the increased demand for high quality gas solutions in aerospace industry; and significant growth of
pharmaceutical, food and beverage industries in the emerging economies, such as China, India, and Brazil are
creating ample opportunities for the growth of the global industrial gases market, during the forecast period. In
addition, the increasing adoption of cryogenic processes for industrial air separation and increasing usage of
gaseous mixtures, such as syngas (a mixture of carbon monoxide and hydrogen) are the key trends witnessed in
the global industrial gases market. However, huge capital required for the production and purification of industrial
gases, and high cost associated with storage and transportation of the industrial gases are restraining the growth
of the global industrial gases market to some extent.
Industrial gases refer to the group of gases, which are produced for usage in several industries. Some of the
major industrial gases are oxygen, helium, nitrogen, carbon dioxide, argon, acetylene, and others. The industrial
gases are exploited for their physical and chemical properties, such as coldness, inertness and reactivity. The
industrial gases are used to maintain and protect product quality, and produce specialty products. These gases
are produced, stored, and transported in both liquid and gas form. Oxygen is utilized to enhance the reaction
rates in the chemical and biochemical reactions. In food and beverage and biotechnology industries, oxygen
enhances the biological activity of microorganisms. Carbon dioxide is used as raw material for several chemical
processes, such as neutralizing alkaline materials. Hydrogen and methane are used for chemical production and
combustion processes. Moreover, nitrogen, helium, carbon dioxide, and argon are used as inert gases in several
applications, such as maintenance of controlled room environment, wielding, manufacturing of non-flammable
devices, and sparging process. Some of the major application areas of these industrial gases are metal
fabrication, steel production, biopharmaceutical and chemical manufacturing, plastic and rubber manufacturing,
and brewing processes.
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energy
Geographically, Asia-Pacific leads the global industrial gases market, owing to high demand of industrial gases in
chemical, pharmaceutical and steel industry, large population, and rapid industrialization. In addition, the high
© P&S Market Research. All rights reserved 3
Global Industrial Gases Market Size, Share, Development,
Growth and Demand Forecast to 2020
demand of gaseous mixtures in steel and polymer industries is also supporting the growth of the industrial gases
market in the region. Moreover, the increasing gross domestic product and growing consumption of industrial
gases in India and China are driving the growth of the industrial gases market in Asia-Pacific.
The key players operating in the global industrial gases market are Praxair Inc., Air Products and Chemicals Inc.,
Linde AG, Air Products and Chemicals Inc., Air Liquide, Airgas Inc., and Taiyo Nippon Sanso Corporation
MARKET SEGMENTATION
Global Industrial Gases Market, By Type
Oxygen
Nitrogen
Hydrogen
Carbon Dioxide
Acetylene
Helium
Argon
Others
Global Industrial Gases Market, By Geography
North America
Europe
Asia-Pacific
Rest of the World
About P&S Market Research
© P&S Market Research. All rights reserved 4
Global Industrial Gases Market Size, Share, Development,
Growth and Demand Forecast to 2020
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