LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global industrial gases market 2016-2020 report. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global industrial gases market is dominated by a few major players who hold more than two-thirds of the market share. L'Air Liquide held more than one-fifth market share in 2015. Air Products and Chemicals, Linde, Praxair, Taiyo Nippon Sanso (TNS), Air Gas, and Matheson tri-Gas are the other major players in the market. These vendors held approximately 80% of the market share in 2015. The remaining market share is fragmented among various international and domestic vendors.
“In Asia, emerging economies including India and China will provide growth prospects to the market. The rising competition among Inox Air Products, Praxair, Linde, and other local and major players is leading to significant price reductions of the industrial gases in India,” says Chandrakumar Badala Jaganathan, a lead analyst at Technavio for specialty chemicals research.
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Air Liquide was founded in 1902 and is headquartered in Paris, France. The company supplies oxygen, nitrogen, argon, hydrogen, helium, and specialty gases through supply systems such as pipelines, tankers, cylinders, on-site plants, and other specialized modes. It operates in 80 countries and serves more than two million customers and patients.
The gas and services segment involves in the supply of gas to customers and industries. Its activities are spread across the Americas, Europe, APAC, and MEA.
Air Products and Chemicals
Air Products and Chemicals was incorporated in 1940 and is headquartered in Allentown, Pennsylvania, US. The company provides industrial gases through different supply modes including packaged gases, liquid bulk, and on-site gases. The company supplies industrial gases to customers in diverse industries including transportation, semiconductor, food, beverage, and healthcare. The company’s industrial gases segment is involved in the production of oxygen, nitrogen, and argon through on-site air separation units; hydrogen, syngas, carbon monoxide, and steam through its hydrogen and HyCO plants; and offers packaged gases and related equipment through its regional merchant gases businesses.
Linde Group was founded in 1879 and is headquartered in Munich Germany. It is an engineering company that supplies industrial, process, and specialty gases. The company serves food and beverage, chemistry and energy, electronics, and healthcare industries.
The industrial gases segment produces and markets oxygen, nitrogen, and argon that are separated at its own air separation plants. It also produces hydrogen, acetylene, carbon monoxide, carbon dioxide, shielding gases for welding applications noble gases, and high-purity specialty gases.
Praxair was founded in 1907 and is headquartered in Danbury, US. The company is one of the prominent players in industrial gases market in the Americas. It produces atmospheric and specialty gases and high-performance surface coatings. It serves aerospace, chemicals, food and beverage, electronics, energy, healthcare, and primary metals industries.
The company supplies industrial gases and customized gas mixtures. It also provides a complete portfolio of gas-handling equipment such as gas delivery systems, flow devices, gas detection systems, gas generators, regulators, purifiers, and filters.
Taiyo Nippon Sanso
Taiyo Nippon Sanso was established in 1918 and is headquartered in Shinagawa-Ku, Tokyo, Japan. The company provides industrial gases like oxygen, nitrogen, and argon to diverse industries, including steel, chemical, automobile, electronics, shipbuilding, construction, and food industries. It also supplies metal-organic chemical vapor deposition equipment to light-emitting diode and semiconductor manufacturers.
It supports large-scale steel manufacturers and petrochemical plants by establishing on-site plants for customers to supply huge volumes of industrial gases over a pipeline. The company supplies gas through cylinders to construction and metal machining sites. Taiyo Nippon Sanso supplies separated gases to customers in Japan, US, and South-Eastern China.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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