Industrial Gases Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 193
  • SKU: IRTNTR70494

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Industrial Gases market growth will increase by $29120.36 million during 2023-2027.
The industrial gases market is expected to grow at a CAGR of 5.92% during 2023-2027.
Technavio has segmented the industrial gases market by type (Hydrogen, Oxygen, Nitrogen, Carbon dioxide, and Others) ,end-user (Manufacturing, Chemical prodcessing, Metal fabricattion, Energy, and Others) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Air Liquide SA, Air Products and Chemicals Inc., Air Water Inc., Airgas Inc., Asia Technical Gas Co Pte Ltd., BASF SE, Bombay Oxygen Investments Ltd., Buzwair Industrial Gases Factories, Coregas Pty Ltd., Daesung Industrial Co. Ltd., Goyal Group, Guangdong Huate Gas Co. Ltd., Gulf Cryo Holding CSC, Iwatani Corp., Linde Inc., Messer SE and Co. KGaA, Praxair Technology Inc., SOL Spa, Taiyo Nippon Sanso Corp., Yingde Gas Group Co. Ltd. are a few of the key vendors in the industrial gases market.
APAC will register the highest growth rate of 40.52% among the other regions. Therefore, the industrial gases market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial gases market growth are:
  • Increasing requirement for oil and gas extraction and refining
  • Flourishing pharmaceutical and healthcare sectors
The industrial gases market vendors should focus on grabbing business opportunities from the Hydrogen segment as it accounted for the largest market share in the base year.
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