The global Industrial Gases Market size is expected to experience significant growth by reaching USD 149.33 billion by 2027 while exhibiting a CAGR of 6.0% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled “Industrial Gases Market, 2020-2027.” The report further mentions that the market stood at USD 95.71 billion in 2020. Factors such as the increasing investment in the processing and manufacturing industries, coupled with the growing demand from the healthcare sector, will propel the adoption of the product globally. According to the World Investment Report 2018, Asia Pacific secured an investment of over USD 476 billion from foreign direct investment in 2017.
Info Source: https://www.fortunebusinessinsights.com/industry-reports/industrial-gases-market-101728
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate which will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTORS
Increasing Demand from Healthcare Industry to Promote Growth
The increasing demand for several surgical and respiratory applications is driving the demand for several industry-grade gases. The significant growth of the healthcare industry which has witnessed a significant uptick due to the COVID-19 pandemic is further leading to elevated product demand. With growing emphasis on the betterment of patients and improving healthcare infrastructure, the market is expected to witness positive growth in the forthcoming years. Moreover, the adoption of technologically advanced methods involved in healthcare applications such as the use of nitrogen to preserve vital tissue and blood is anticipated to contribute to the global industrial gases market growth during the foreseeable future.
List of the Companies Operating in the Global Market:
- Air Liquide
- Air Products
- Linde
- Matheson Tri-Gas
- Messer Group
- Gulf Cryo
- BASS
- Southern Company Gas
- Universal Industrial Gases
- Ellenbarrie Industrial Gases Ltd
- Bhuruka gases ltd
- Concorde-Corodex Group
- Dubai Industrial Gases
- Bristol Gases
- Mohsin Haider Darwish LLC
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