Global Industrial Gases Market – Industry Trends and Forecast to 2025

Market Definition: Global Industrial Gases Market

Industrial gases are naturally available in nature such as nitrogen, oxygen, argon, hydrogen, carbon dioxide and others. They are used in welding and for heating purposes. The use of these gases is growing in various industries like metal production, automotive, chemical & petrochemical, healthcare & pharmaceuticals, food & beverages, and metal fabrication, which is boosting the growth of the market. According to India Brand Equity Foundation, in 2017 production of passenger vehicles, commercial vehicles, three wheelers and two wheelers grew at 11.27% year on year from April to December to 21,415,719 vehicles. Moreover, the sales of passenger vehicles and two wheelers grew by 5.22% and 40.31% year on year respectively in December 2017.

Market Analysis: Global Industrial Gases Market

The global industrial gases market is expected to reach USD 128.52 billion by 2025, from USD 80.12 billion in 2017 growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Segmentation: Global Industrial Gases Market

The global industrial gases market is segmented based on type, mode of distribution, application, and geographical segments.

Major Market Competitors/Players: Global Industrial Gases Market

Some of the major players operating in the global industrial gases market are – Air Liquide S.A., Air Gass and Chemicals Inc., The Linde Group, Praxair Inc., Ellenbarrie Industrial Gases Ltd., India Glycols Ltd., The Southern Gas Ltd., Bhuruka Gases Ltd., Tripti Gases Pvt. Limited, SICGIL India Limited, Matheson Tri-Gas, Inc., Messer Group GmbH, Southern Industrial Gas Sdn Bhd.
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