According to a new market report published by Transparency Market
Research "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.
Rise in population and
industrialization in BRICS nation will drive the major growth of the
industrial gases market. Growth in associated industries such as
transportation, food and beverages, metal fabrication and chemical
manufacturing are some of the other drivers for the global industrial
gases market. However, high costs of transportation and storage of
industrial gases is expected to be a key challenge for market
participants.
The report analyzes the industrial
gases market in terms of market size, market share, and competitive
analysis and also estimates the market in terms of revenue (USD million)
for the period 2012 - 2018, deeming 2011 as the base year. The global
industrial gases market is segmented into two major sub segments on the
basis of products and geography. This market primarily includes
nitrogen, oxygen, hydrogen, and carbon dioxide, argon, helium and
acetylene.
On the basis of geography, the market
is segmented into North America, Europe, Asia Pacific and rest of the
world (RoW) regions. In-depth analysis of various geographical factors
affecting market dynamics are explained in the report.
The report provides competitive
analysis of the market which includes market shares of major players in
2011. Furthermore, company profiles for some of the key players namely
Air Liquide, Linde Group, Praxair Inc. and Air Products and Chemicals
Inc., in terms of company overview, financial overview, business
strategies, product portfolio and recent developments is available in
the report.
Browse the full report with TOC at http://www.transparencymarketresearch.com/industrial-gases-market.html
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