Industrial Gases Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2026
Global industrial gases market is forecast to grow from over $ 88 billion in 2019, exhibiting a CAGR of around 6% during 2021-2026, on account of rising demand from chemical & petrochemical, metal fabrication & production, automotive, healthcare & pharmaceuticals and food & beverage industries. Expanding refinery capacity, increasing consumption of chemicals & petrochemicals and rising adoption of enhanced oil recovery (EOR) techniques in oil & gas sector are few of the primary factors expected to aid global industrial gases market. Moreover, rising passenger car sales are anticipated to propel demand for industrial gases across the globe during forecast period. Global industrial gases market is segmented by end-user, by type, by mode of distribution, by region. Based on types of gases the market is further bifurcated into oxygen, nitrogen, argon, hydrogen & carbon dioxide. These gases are used in various industries and comprise elements, molecular compound...