Americas held the largest Industrial Gases Market share in the Industrial Gases Market:
Americas region holds the largest market share and growth in the Industrial Gases Market and is anticipated to reach $40.7 billion by 2023 at a CAGR of 4.6%. However, APAC will witness the highest growth rate during the forecast period and is expected to reach $28.5 billion by 2023 at a CAGR of 5.7%. The Americas region is one of the largest markets for industrial gas, owing to a wide range of industrial clusters and high level of manufacturing activates. In recent years, there has been a fundamental shift in the energy outlook of the continent mainly driven by technology, innovation, investment, and new policies. The key end-users in this region are Energy, Mining, and Transportation among others.
Selected Value Chain Analysis was done in the Industrial Gases Market report:
The value chain in industrial gases starts from the raw materials that cover everything from atmospherically present air and energy, to end products and then storing and transporting by safety means to either distributors, or directly to various end users like energy and mining sectors, electronics industry, food and beverage industry and more. Production and purification add the most significant value to this value chain.
Gas purification using a chemical scrubber, was a breakthrough innovation that has been used quite widely over a long span of time. Dry purification or physical adsorption, which does not lose efficiency in gas purification, has gained considerable interest recently as a developing alternative technology for chemical scrubbing. The initial investment in the chemical scrubbing purification plants are more capital intensive as compared to dry purification, as there is no need to store corrosive chemical reagents which are used in chemical scrubbing.
Excerpts on Industrial Gases Market Growth Factors:
Industrial Gases are used in modified atmospheric packaging (MAP), which is a preservation technology for food such as fish, meat, vegetable, and fruits.
Other key drivers including use of industrial gas in Modified Atmosphere Packaging (MAP) for the replacement of air, which provide improved shelf life.
With the industrialization of the market, the demand for industrialization by modern society continues to grow, and so does the desire of companies for manufacturing power, to increase the reliability of their plants.
The rapid economic growth in Asia has shown positive impact on the demand for industrial gases over the last decade.
Nitrogen Market value was anticipated to reach $31 billion by 2023 at a CAGR of 4.5%.
Improving lifestyle changes have equipped the human world with frozen foods and preserved foods, all of which are the application areas for industrial gases, specially nitrogen, oxygen, hydrogen carbon dioxide and a few others.
To access / purchase the full report browse the link below:
https://industryarc.com/Report/15513/industrial-gas-market.html
Key players of Industrial Gases Market:
Linde AG (Praxair Inc.) is a key player in the industrial gas market. Air Liquide S.A. is yet another company which holds a major share in the industrial gas market. Among these, Linde AG stood in first position in terms of generating the highest revenue, followed by Air Liquide S.A.
Air Liquide S.A. is one of the major players in the industrial gas market, with a wide range of product offerings dealing in various industries. Its recent acquisition of Airgas has enabled it to expand in the US, which is the largest market for industrial gases.
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Rohith Koluguri
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Material
rohitpatrick8189@gmail.com
https://industryarc.com/Report/15513/industrial-gas-market.html/summary?utm_source=freePR&utm_medium