DUBLIN--(BUSINESS WIRE)--The "Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The report finds that the global industrial gases market reached a value of US$ 71 Billion in 2017. According to the report, the market is expected to reach a value of US$ 85 Billion by 2023, exhibiting a CAGR of 3% during 2018-2023.
Rising demand from the major end-use industries such as chemicals, petrochemicals, oil and gas, and energy has resulted in the development of the global industrial gases market. With rising environmental concerns, renewable resources are witnessing a growth worldwide, thereby facilitating the market.
Apart from this, increasing urbanization and industrialization in the countries of Asia-Pacific and Middle East are expected to provide a thrust to industries such as food and beverages, transportation, chemical and metal fabrication, which in turn will amplify the demand for industrial gases. Additionally, improving economic scenario, climate control initiatives, increased energy demand and healthcare needs in both the developing and developed regions are projected to contribute in the expansion of the market.
The report has segmented the global industrial gases market on the basis of type, covering nitrogen, oxygen, carbon dioxide, argon and hydrogen.
The market is further analysed on the basis of key applications, which include manufacturing, metallurgy, energy, chemicals and healthcare.
Based on distribution channel, packaged supply accounts for the majority of the total sales, followed by bulk and on-site supply.
Region-wise, Asia-Pacific is the major market, accounting for the largest share. Other regions include Middle East and Africa, North America, Europe and Latin America.
Some of the key players operating in the market include Air Liquide S.A., Linde Group, Praxair, Inc., Air Products and Chemicals, Inc., and AirGas, Inc.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Industrial Gases Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Supply Mode
9 Market Breakup by Region
10 Imports and Exports
11 Industrial Gases Manufacturing Process
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/6sfhmn/global_industrial?w=4