The industrial gases are used in a broad category of industries in the effective quantity which majorly involves petrochemicals, power, oil and gas, metals, mining, environmental protection, biotechnology, food, water, aerospace, medicine, and several others. Nitrogen, carbon dioxide, argon, hydrogen, oxygen, acetylene, and helium are some primary gases which are provided and available on a large scale while in mixtures that are available in gas cylinders. Moreover, the industrial gas industry encompasses mainly productions of industrial organic and inorganic gases in compressed, solid and liquid forms. The industry of gas across the globe is benefitting from the consumer demand for freshness in food items, meanwhile, the health-conscious consumers are requiring the fewer activities and faster and safer food products, which significantly increase the demand for industrial gases which can sometimes be utilized as a substitute of chemical constituents. Therefore, in the recent trend, the global market of industrial gases has grown significantly.
According to the report analysis, ‘Industrial Gas Global Market Opportunities And Strategies To 2021 Including: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen and Others Covering: LAirLiquide S.A, The Linde Group, Praxair, Inc., Air Products and Chemicals Inc, Taiyo Nippon Sanso Corporation (TNSC)’ some of the major companies which are recently working in this sector with the effective technology for defeating the growing demand from potential buyer and acquiring the highest share across the globe involves Suzhou Jinhong Gas, Hunan Kaimeite Gas Co Ltd, Henan XinlianxinShenleng Energy Co Ltd, Yingde Gases, Praxair India, Linde India, INOX Air Products, Bhuruka Gases Limited, Bombay Oxygen Corporation, The Southern Gas Ltd., SICGIL India Limited, Ellenbarrie, Taiyo Nippon Sanso Corporation, Linde Group, Air Liquide, Matheson Tri-Gas, Air Products, Praxair, Air Liquide, Messer, Linde Group, SOL S.p.A.,White Martins, Swisgas del Ecuador, IndustriaBrasileira de Gases Ltda, Cryo, Air Liquide, Buzwair, Gas Africa, Afrox, Cryogenmash, Krion, Elme Messer Gaas AS, AGA Eesti, DaryPrirody, Lvov Chemical Plant, SIAD and sevral others. Whereas, The L’AirLiquide S.A was the major competitor with the 23.7% of the market share, shadowed by The Linde Group, Praxair Inc., Air Products and Chemicals Inc., and Taiyo Nippon Sanso Corp.
Nitrogen is the largest sector in the global market of industrial gases with the effective market share of 27.0%, valued USD 19.5 billion. This is major because of the requirement of industrial gases such as hydrogen and nitrogen. Moreover, on the basis of geography, the global market of industrial gases is spread across the globe which include efficient regions such as Asia Pacific region, North America, Western Europe, South America, Middle East, Africa, Eastern Europe and rest of the world. Moreover, the global industrial gas market is anticipated to rise at a composite annual rate of 4.4% between 2017 and 2021. The Asia Pacific region in the industrial gas market has the highest market share 35.2% across the globe, valued USD 25.8 billion.
The global market of industrial gases will grow positively in the near future over the decades with global economic growth, increase usage of gases in the healthcare industry and particularly in emerging economies.
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Ankur Gupta, Head Marketing & Communications