DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Gases Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global industrial gases market was valued at $47,200.0 million in 2015, and it is expected to grow at a CAGR of 6.2% by 2022. The factors driving the growth of the global market include rapid industrialization and increasing population.
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, the 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.
Asia-Pacific accounted for the largest share (38.9%) in the global industrial gases market in 2015, and it is also anticipated to witness the highest growth (CAGR 6.6%) during 2016 - 2022. The major reasons behind the growth of the industrial gases market in the region include increasing refinery output particularly in countries, such as China and India. China is the largest market for industrial gases in the region; however, India is expected to witness highest growth in the near future.
Air Products And Chemicals, Inc.
Taiyo Nippon Sanso Corporation
Messer Group Gmbh
Showa Denko K.K
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Industrial Gases Market Size And Forecast (2012 - 2022)
5. Global Industrial Gases Market, By Geography
6. Competitive Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/hhn2hc/global_industrial