The global market for industrial gases expanded by nearly eight percent in the year 2011 and in spite of the challenging economic environment amid the debt crisis in Europe, demand for industrial gases continued to remain modestly driven by increased investments in infrastructure development and petroleum reserves in emerging markets.
Traditionally, the sector is known to be surging ahead regardless of economic factors, owing to the evolving multiplicity of new applications both in conventional and novel domains. Asia-Pacific accounted for almost 40% of the global industrial gases market value.
The industry is expected to gain momentum post 2012, following anticipated turnaround in economic situation, increased production and inventory levels and greater demand as consumer confidence stabilizes. Over the longer term, annual growth rate in the industrial gas market is expected to significantly exceed the rate of industrial production driven by multitude of factors including opening of new startups, rapid industrialization of emerging economies, increasing demand for energy, environment regulations, improving healthcare sector, and advancements in industrial technology.
Biggest players in the industry are Linde AG, Praxair Inc., Air Liquide AG and Air Products and Chemicals Inc. amongst others. Metal fabrication and production sector is expected to remain the second major sector for industrial gases, next to petroleum refining.
Growth in this sector primarily stems from increased utilization of electric arc furnaces, enhanced demand for products manufactured using stainless steel and other advanced production methods requiring greater usage of industrial gases. On the other hand, growth in electronics sector and rising demand for ICs and semiconductors is forecast to drive the consumption of bulk gases.
In recent years there has been significant development in the high technology markets including semiconductor, flat panel display, solar panels and photovoltaic cells which continues to drive the demand for high purity industrial gases. Further demand is expected to emanate from development of other alternate energy sources such as hydrogen fuel cell technology which is being pursued to replace fossil fuels for automobiles and electricity generation.
Aruvians Rsearch analyzes the global industrial gas industry in its research report Analyzing the Global Market for Industrial Gases. The report is a complete coverage of this industry as we analyze the market through an industry overview, an analysis of the industry value, a look at the industry segmentation by products and by geography, among other factors.
An analysis of various countries through an industry overview, industry value, industry and geographic segmentation, etc., are analyzed. Countries analyzed in this report include Canada, China, France, Germany, Japan, Netherlands, and the US.
We also include an in-depth analysis of the competition in the global and country-wise industrial gases market, which is followed by the analysis of the major industry players such as Praxair, Air Liquide, amongst others. The players are analyzed through a corporate profile, an analysis of their business segments, a financial analysis, and a SWOT analysis.
A future perspective of the industrial gases market is included in the report, with forecast ranging from 2011 till 2016.
Aruvians’ research report on the Global Industrial Gases Market is a comprehensive analytical presentation on the subject.