Industrial Gases Market Trends, Demand, Opportunity and Forecast

Summary

Technavio Announces the Publication of its Research Report – Global Industrial Gases Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial gases market: Air Liquide, Air Products and Chemicals, Linde Group, Praxair, and Taiyo Nippon Sanso.

Other Prominent Vendors in the market are: AirGas, Matheson tri-Gas, Cryotec Anlagenbau, Messer Group, Linde Malaysia Sdn, Gulf Cryo, Air Water, Sol SpA, Maxima Air Separation Center, and Asia Technical Gas.

Commenting on the report, an analyst from Technavio’s team said: “Future application prospects for industrial gases will be a key trend for market growth. We expect the application of major industrial gases to increase in the manufacturing industry. Liquefied natural gas, compressed natural gas, and liquefied compressed natural gas are most likely to emerge as industrial gases owing to their similar properties. In addition, shale gas is another primary area for the which is an opportunity in the industry. Despite the rapid growth of the market, the following issues need to be addressed.”

Browse full report with TOC@ https://marketreportscenter.com/reports/344160/global-industrial-gases-market-2016-2020

According to the report, one of the key drivers for market growth will be the increasing adoption of hydrogen gas. Each year more than 56 billion kilograms of hydrogen gas is produced and used in industries globally. In 2015, approximately nine million tons of hydrogen gas was produced and used safely in the US for various applications, primarily in fuel cell vehicles. The development of hydrogen cells is expected to drive the demand for hydrogen gas during the forecast period.

Further, the report states that the stricter regulatory regime and safety concerns will be a major challenge for the market. Governments have stringent regulations on the application and storage of industrial gases in manufacturing plants. The end-users and industrial gas...