Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Industrial Gases Market to Grow at a CAGR of 6.8% over the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Industrial Gases Market Report and Forecast 2020-2025’, the global industrial gases market is expected to grow at a CAGR of 6.8% over the forecast period of 2020-2025.

The global industrial gases market is being driven by the rising demand for industrial gases for applications in metallurgy, manufacture, and health care and medical industry. The Asia Pacific represents the largest market for industrial gases. Within the Asia Pacific, while China dominated the industry in terms of consumption, India is projected to witness the fastest growth in the Asia Pacific region. The growing use of iron and steel owing to increasing megacity projects in these regions is supporting the industry growth. Thus, the growth of the metal fabrication industry is expected to aid the growth of the global industrial gases market over the forecast period.

The growing demand for ethylene glycol, which is used as a raw material in a variety of products like polyester fibres, polyethylene terephthalate resins for liquid and food containers, and other industrial applications, is expected to aid the industry growth over the forecast period. In February 2020, Linde (NYSE: LIN), a leading industrial gases and engineering company, announced the opening of a new air separation unit (ASU) in Freeport, Texas, in order to safely and reliably supply oxygen and nitrogen to MEGlobal for use in its ethylene glycol manufacturing process. Linde, with this ASU, also aims to supply its extensive industrial gas pipeline system and add new argon capacity. Additionally, the company has started a new carbon dioxide (CO2) plant at the same location to recycle the crude CO2 supplied from an MEGlobal process, which will be purified and liquefied into commercial grades, thus, serving its customers and expanding its capacity in the U.S. Gulf Coast. Such developments are expected to aid the growth of the industrial gases market globally in the forecast period.

Market Breakup by Type, Application, and Region:

  • By type, the global industrial gases industry can be divided into hydrogen, oxygen, nitrogen, carbon dioxide, acetylene, and helium, among others.
  • On the basis of applications, the industry is categorised into manufacturing, chemical processing, metal fabrication, energy, medical and healthcare, food and beverage, and electronics, among others. 
  • Region-wise, the global industrial gases market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing health care sector, where the demand for industrial gases like oxygen and nitrogen is growing, is driving the growth of the industrial gases market globally. 
  • The global industrial gases industry is receiving a further support from the developing metallurgical industries, particularly steel.
  • The rapid advancement in technology and development of enhanced equipment and solutions for the industrial and medical sectors is providing further impetus to the industry. 
  • The increasing need for alternate energy sources in different industries is providing a further boost to the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global industrial gases market for the periods (2015-2019) and (2020-2025). 
  • The report offers historical (2015-2019) and forecast (2020-2025) market information for the type, applications, and regional markets for the global industrial gases industry.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of industrial gases. 
  • The global trade data analysis has also been provided in the report by EMR, covering the value and volume of the leading import and exporting countries.
  • It also provides an assessment of the industry based on the Porter’s Five Forces model along with giving a SWOT analysis of the market.

The major players in the global industrial gases market are Air Liquide, Air Products and Chemicals, Inc., BASF SE, Linde Plc, and Taiyo Nippon Sanso Corporation [Mitsubishi Chemical Holdings], among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Frac Sand Market Report and Forecast 2020-2025


Global Industrial Oils Market Report and Forecast 2020-2025


Global Drilling Fluids Market Report and Forecast 2020-2025


Global Transformer Oils Market Report and Forecast 2020-2025


Global Crude Oil Market Report and Forecast 2020-2025


NEWSLETTER