Global Non-Volatile Memory Market Research Report: Forecast to 2023
Industrial Gases Market Research Report: Global Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary Industrial gases find application in a myriad of industrial and manufacturing processes owing to their reactivity, inertness, and various other superior physical properties. Market Research Future (MRFR) has recently published an in-depth report on the global industrial gases market, outlining the various trends and patterns that are likely to impact the market over the forecast period. MRFR has predicted a positive growth curve for the industrial gases market. The market is expanding owing to heightened demand for industrial gases filed from industries such as metal fabrication and production, automotive, chemical & petrochemical, biotechnology, steel, and others. Increased industrial activities in the emerging economies have provided favorable grounds for the growth of the market while industrial production in developed regions such as the Americas and Europe has also been positive. Industrial gases cater majorly to the oil & gas industry, which requires industrial gases in massive quantities to control various processes. additionally, the industry is challenged with regulatory pressures to lower sulfur content of refinery products, which generates huge demand for industrial gases in the desulfurization process of crude. This presents a massive opportunity for the industrial gases market. The advent of cryogenic technologies such as air separation and hydrogen reforming technologies have contributed significantly to the growth of the market. On the other hand, industrial gases market growth might be inhibited by the capital-intensive nature of the market. Additionally, the manufacturing and utilization of industrial gases are strictly regulated by stringent regulations. Storage and transportation of industrial gases too involve significant cost as well as a challenge which might restrain the growth of the market. However, the emerging economies of the APAC region are likely to provide a host of opportunities to the market. Industrial gases are defined to be specific gaseous materials that are produced for industrial purposes. The most prominent are listed to be as oxygen, nitrogen, carbon dioxide, helium, and hydrogen, although various other mixtures, which are also manufactured and provided as gas cylinders. At times, several industries such as steel, oil and gas, chemicals and petrochemicals, biotechnology, medicine, environmental protection, and nuclear power require such customized gases. Hence, the market for the same is feeding off the prosperity of each of them.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Industrial Gases Market Drivers & Trends The analyst of the report has also stated that several vendors, who are the major market players in the global industrial gases are steadily mounting, which is making the market a competitive one. Expansion of refinery capacities, increasing consumption of chemicals & petrochemicals and rising adoption of enhanced oil recovery (EOR) techniques in oil & gas sector are few of the primary factors boosting growth in the global industrial gases market. Further, rising passenger car sales are also anticipated to propel industrial gases demand in automobile sector across the globe during the forecast period. Growing oil & gas production and processing activities in developing regions are also anticipated to fuel demand for industrial gases globally. Industrial production has been showing positive signs, while the emerging economies are accepting it rapidly, hence remaining the key driver of the market. Also, it is expected that the growth in industrial production is positive with swelling demand for industrial gases from food & beverage, healthcare, electronics, and oil & gas industry is eventually sustaining the growth of the global industrial gases market. The global industrial gas market also is benefitting from the perspective of consumer demand for freshness in food products. In recent times, health-conscious consumers are on the verge of demanding fewer additives and fresh food products, which surges the demand for industrial gases. As a result of it, the food and beverage industry are buying increasing quantities industrial gases which are used to 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. Moving forward, industrial gases are experiencing a massive demand from the oil & gas industry as refineries require vast quantities of industrial gases to control various processes. Moreover, some essential yet stringent environmental norms are lowering permissible sulfur content of refinery products, which in turn, has challenged refining operators to desulfurize crude. This poses a significant opportunity for the growth of the industrial gases market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation According to the reports published by MRFR, the global industrial gas market has been segmented based on gas type and application. By the mode of gas type, the industrial gases market comprises of oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others. By the mode of application, the industrial gases market comprises of healthcare, metal and metallurgy, pharma and biotech, chemicals, automotive and aerospace, electronics, food and beverages and more.
Regional Analysis Region wise, the global industrial gases market is analyzed in the regions namely Asia Pacific, North America, Europe and the rest of the world. The report thus analyzes that the industrial gases market in the North America region is obsessed by the high demand for industrial gases in the automotive and construction industries mainly, as they are rapidly developing in the current period. Whereas, the industrial gases market in the Asia Pacific region is expanding at a significant growth rate owing to the increased production activities such as export of industrial gases and increasing use of necessary oxygen furnace technology by major metal and metallurgy companies. These activities are required with increasing consumption of industrial gases, which is creating significant ways for the market to grow. With that, significant rise in production capacity of various enduse industries such as chemicals, metals, food, and beverages, healthcare and construction are also demanding for industrial gases at a higher level, which in turn is boosting the growth of industrial gases market in Europe.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Competitive Landscape The bulging players that are operating in the global industrial gases market are listed as Air Liquide S.A., Linde AG, Air Products, Praxair Inc., BASF, Gulf Cryo, Airgas Inc., Air Products and Chemicals inc., Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases Ltd., Messer Group GmbH, The Southern Gas Ltd., MATHESON Tri-Gas Inc., Cryotech Anlagebau GmbH, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, Bhuruka Gases Ltd., Asia Technical Gas Co (PTE) LTD (ATG), Buzwair Industrial Gases Factory, Bristol Gases – Concorde Corodex Group, National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Yateem Oxygen, Dubai Industrial Gases, India Glycols Ltd., Tripti Gases Pvt. Limited, SICGIL India Limited, Ellenbarrie Industrial Gases Ltd., and Goyal MG Gases Pvt. Ltd.
Industry Updates: June 2019 - Air Liquide China, supplier of industrial gases and services to various industries, announced agreement to sell its subsidiary integrated gas complex Air Liquide Fuzhou to Fujian Shenyuan New Materials. The industrial gases complex includes a coal gasification unit, an air separation unit, an ammonia plant, and a synthetic gas purification unit.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.