Zion Research has published a new report titled “Industrial Gases Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”. According to the report, global industrial gas market was valued at around USD 45.0 billion in 2014 and is expected to reach USD 65.0 billion in 2020, growing at a CAGR of above 6.0% between 2015 and 2020.

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Industrial gases are mainly atmospheric gases and process gases. Nitrogen, oxygen, argon, carbon dioxide, water vapor, ozone, neon, helium, krypton, methane, hydrogen, and nitrous oxide are some of the important industrial gases. Industrial gases play an important role in many sectors of the global economy such as agriculture, mining, oil and gas, construction, glass manufacturing, transportation equipment, instruments, food and tobacco, paper and paper products. It further finds widespread application in chemicals and chemical products, petroleum products, rubber and plastics, medical. Industrial gases are necessary for some processes including chemical, material and.

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Growing population and industrialization in emerging economies are some of the major growth driving factors for the industrial gases market. Increasing demand of these gases from food and tobacco, paper, chemicals, agriculture, mining, oil and gas, construction and healthcare industry is further fuelling the market growth. Additionally, consolidation, strategic business alliances and concentric diversifications are some of the strategies adopted by major players, which is expected to augment the market growth during the forecast period. However, high storage and transportation cost of industrial gases is expected to be a major restraint of this market.

Based on types, industrial gases market is segmented into hydrogen, nitrogen, oxygen, carbon dioxide, argon, helium, acetylene. Hydrogen gas segment dominated the global demand and the segment expected to grow with CAGR of 6% from 2012 to 2018. Hydrogen segment is expected to maintain its dominance over the next five years due its wide range of applications such as agriculture, electricity generation, fossil fuel processing, ammonia production and others. Nitrogen and oxygen segments are also expected to witness fast growth over the forecast period.

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Some of the key participants in the industrial gases market include Air Liquide, Linde Group, Praxair Inc., Cryotec Anlagenbau Gmbh, Air Products And Chemicals Inc., Airgas Inc., and MATHESON Tri-Gas Inc. among others.

This report segments the global industrial gases market as follows:
Global Industrial Gases Market: Product Segment Analysis
Hydrogen
Nitrogen
Oxygen
Carbon Dioxide
Argon
Helium
Acetylene
Global Industrial Gases Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

Table Of Table:

Chapter 1. Introduction
1.1. Report description
1.2. Research scope
1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Chapter 2. Executive Summary
2.1. Global Industrial Gases Market Revenue, 2014 - 2020 (USD Million)
2.2. Global Industrial Gases Market: Snapshot
Chapter 3. Industrial Gases Market –Industry Analysis
3.1. Industrial gases: Market dynamics
3.2. Market Drivers
3.2.1. Global industrial gases market drivers: Impact analysis
3.2.2. Increasing industrialization in the developing countries
3.3. Market Restraints
3.3.1. Global industrial gases market restraints: Impact analysis
3.3.2. High cost involved in conversion of gases to required form
3.4. Opportunities
3.4.1. High growth in emerging economies
3.5. Porter’s five forces analysis
3.5.1. Bargaining power of suppliers
3.5.2. Bargaining power of buyers
3.5.3. Threat from new entrants
3.5.4. Threat from new substitutes
3.5.5. Degree of competition
3.6. Market attractiveness analysis
3.6.1. Market attractiveness analysis by product segment
3.6.2. Market attractiveness analysis by regional segment

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