Industrial Gases Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025, the global industrial gases market is expected to at a CAGR of 5.9% from 2017 to 2025.
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The global industrial gases market is expected to witness high growth during the forecast period 2017 to 2025. Strong demand from various end-use industry is anticipated to drive the demand for the industrial gases in upcoming years. The global industrial gases market is projected to grow a CAGR of 5.9% from 2017 to 2025.
By product type, industrial gases market segmentation includes oxygen; nitrogen, helium, acetylene, argon, hydrogen, carbon dioxide and others (krypton, xenon, methane, carbon monoxide, etc.); of which, in 2016, hydrogen gas segment dominated the market in terms of revenue contribution and is further expected to remain dominant during the forecast period of 2017 to 2025. Currently, growing demand for industrial gases in energy and oil & gas is fueling the demand for industrial gases.
On the basis of applications, the global industrial gases market is segmented into automotive & aerospace, chemicals and petrochemical, energy and oil & gas, food and beverage industry, medical and pharmaceuticals, metallurgy and metal working industry, mining, transportation and other applications. Among these, metallurgy and metal working industry segment dominated the market. This segment is projected to maintain its dominance over the next eight years. Furthermore, increase in the use of natural gases in automotive & aerospace will help in the growth of the global industrial gases market. Some of the other factors fuelling the industrial gases market growth include demand from food and beverage industry, medical and pharmaceuticals, chemicals and petrochemical applications.
For the purpose of this study, the global industrial gases market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2016, Europe and Asia pacific were observed as the largest market for industrial gases. In Asia Pacific, China and India serve potential markets for industrial gases in the next five to six years owing to increasing refinery output. China and India, along with commercialization measures for industrial gases in various end-use industries is likely to fuel the natural gases market growth.
• Increasing array of applications
• Asia pacific is expected to register the highest growth rate
• High prices of industrial gases products is acting as a restrain to growth of the market
• Strong demand from emerging economies
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Industrial Gases Market
2.2 Industrial Gases Market (US$ Mn), by Product Type, 2016
2.3 Industrial Gases Market (US$ Mn), by Application, 2016
2.4 Industrial Gases Market (US$ Mn), by Geography, 2016
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growing of Pharmaceutical, Food And Beverage Industries in The Emerging Economies
3.3.2 Rising Demand For Energy, Oil & Gas And Fabrication
3.4.1 High Prices of Industrial Gases
3.4.2 Concerns Over Side Effects and Stringent Regulations
3.5 Future Prospects
3.5.1 Strong Demand from Emerging Economies
3.6 Impact Analysis of Drivers, Challenges and Opportunities
3.7 Porter’s Five Forces Analysis
3.7.1 Bargaining Power of Suppliers
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