The Industrial Gases Global Market Report 2023, provides comprehensive information on the industrial gases market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Industrial Gases Global Market Report 2023, the market size is expected to grow from $91.19 billion in 2022 to $97.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of industrial gases market is expected to reach $127.72 billion in 2027 at a CAGR of 6.9%.
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Innovations in gas mixtures are a key trend gaining popularity in the industrial gases market. Major companies operating in the industrial gases market are innovating new gas mixtures to sustain their position in the market. For instance, in September 2020, Linde plc, a UK-based company that develops innovative industrial gases, launched ADDvance Sinter250, a new gas mixture to deliver optimal atmospheric conditions in sintering furnaces. This advanced argon/hydrogen mixture targets European customers using Desktop Metal’s Studio System for office-friendly metal 3D printing. This ensures high-quality, high-strength parts by maintaining the correct atmospheric conditions during printing.
The industrial gases market is segmented:
1) By Product: Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, Argon
2) By Application: Packaging, Coolant, Carbonation, Cryogenic, Cutting And Welding, Laboratory, Air Separation, Other Applications
3) By Distribution: On-Site, Bulk, Cylinder
4) By End User: Metallurgy, Healthcare, Chemical, Food And Beverage, Oil And Gas, Power, Pulp And Paper, Electronics, Other End Users
Asia-Pacific was the largest region in the industrial gases market in 2022.
The table of contents in TBRC’s industrial gases market report includes:
- Executive Summary
- Industrial Gases Market Characteristics
- Industrial Gases Market Trends And Strategies
- Industrial Gases Market – Macro Economic Scenario
- Industrial Gases Market Segmentation
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- Global Industrial Gases Market Competitive Benchmarking
- Global Industrial Gases Market Competitive Dashboard
- Key Mergers And Acquisitions In The Industrial Gases Market
- Industrial Gases Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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