Industrial Gas Global Market Report 2018

Industrial Gas Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 238 | Published : February 2018

SKU CODE : 3192 | Format :

Industrial gases, also referred to as bulk gases or commodity gases. They are produced in large quantities by companies for use in a variety of industrial manufacturing processes. The industrial gas industry comprises primarily manufacturers of industrial organic and inorganic gases in compressed, liquid, and solid forms. The global industrial gas market is forecast to grow at a compound annual rate of 4.44% between 2017 and 2021. This growth is being driven by global economic growth, particularly in emerging economies, and by the increased use of gas in the healthcare industry.

Asia Pacific’s industrial gas market is the largest in the world at 35.2% of the total market, worth $25.8 billion. Asia Pacific’s market size can be attributed to the presence of a large number of electronic manufacturing companies in the region, especially in countries such as China, Japan, Singapore, Malaysia and Thailand. North America’s industrial gas market is the second largest in the world with a 31.0% share of the market, worth $22.7 billion.

The global industrial gas market is benefitting from consumer demand for freshness in food products. Health-conscious consumers are demanding fewer additives and safer and fresher food products, which increases the demand for industrial gases which can sometimes be used in place of chemical ingredients. As a result the food and beverage industry is buying increasing quantities of food-grade industrial gases which are used to chill, freeze, and package a variety of food products such as dairy and frozen products, beverages, fruits, vegetables, meat, fish, seafood, convenience foods, bakery and confectionery. Food-grade gases are high purity gases that comply with food grade standards; they include nitrogen, oxygen, and carbon dioxide.

Industrial Gas Global Market Report 2018

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