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Industrial Gases Market is Expected to Reach USD 58.4 Billion Globally in 2018: Transparency Market Research


News provided by

Transparency Market Research

15 May, 2013, 10:30 BST

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ALBANY, New York, May 15, 2013 /PRNewswire/ --



According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Industrial Gases Market (Hydrogen, Nitrogen, Oxygen, Carbon Dioxide, Argon, Helium, Acetylene) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the market was valued at USD 38.0 billion in 2011 and is expected to reach an estimated value of USD 58.4 billion in 2018, growing at a CAGR of 6.3% from 2012 to 2018.

Browse the full report at http://www.transparencymarketresearch.com/industrial-gases-market.html

Growth in associated industries such as transportation, food and beverages, metal fabrication and chemical manufacturing are some of the drivers for the global industrial gases market. Rapid industrialization in emerging Asian economies such as India and China will serve the market as future growth opportunities.

Hydrogen dominated the market in 2011 in terms of market share and is also expected to be the fastest growing segment over the next five years at an estimated CAGR of 6% from 2012 to 2018. Global demand for Nitrogen and Oxygen is expected to reach USD 6.2 billion and USD 6.1 billion by 2018 respectively.

In 2011, Asia Pacific led the market in terms of demand due to increasing domestic consumption in India, China and South Korea. The Asia Pacific industrial gases market is expected to grow at a CAGR of over 7% from 2012 to 2018, which is the fastest across all regional markets.

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Air Liquide held majority of market share at over 24% in 2011 on account of its wide product portfolio covering all the industrial gas segments and revenue generation from the emerging Asian and Eastern European countries. Air Liquide was followed by Linde Gas in terms of market share in 2011. Other key market players dominating the global industrial gases market include Matheson tri-Gas Inc., Air Products and Chemicals Inc., Praxair Inc., Air Gas Inc., and others.

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The global industrial gases market is categorized into the following segments:

  • Industrial Gases Market by Products

    Hydrogen

    Nitrogen

    Oxygen

    Carbon Dioxide

    Argon

    Helium

    Acetylene

  • Industrial Gases Market by Geography

    North America
     - U.S.

    Europe

    Asia-Pacific

    Rest of the World (RoW)

Browse all Chemical Industry Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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About Us

TransparencyMarket Researchis a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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SOURCE Transparency Market Research

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