Global Industrial Gases Industry
Research from Global Industry Analysts shows that the industrial and specialty gas market will reach 11 trillion cubic feet by 2017. The global industrial gases industry continues to weather the inclement economic conditions well. Growth in this sector is fuelled by increased petroleum reserves in emerging markets and investments in infrastructure development. The industry is not as sensitive to economic fluctuations as other sectors due to the breadth of end-user industries.
Global industrial and specialty gases industry players are using a range of strategies and business alliances in a bid to optimize market penetration and boost producer margins. Industry growth is expected to take off after 2012 on the back of a higher degree of economic recovery, along with greater production output fuelled by growing demand as consumer confidence is restored.
The global industrial and specialty gas sector encompasses outfits mainly involved in the commercial manufacture of liquefied or compressed inorganic industrial and medical gases, which are sold on for use in industrial processes and other applications. Featuring among the most-used industrial gases are acetylene, oxygen, helium, nitrogen, carbon monoxide, carbon dioxide and hydrogen. Various mixtures of these main industrial gases are also widely used.