Global Industrial Gas Business Market is Estimated to Reach $93 Billion by 2025, Says Accurize Market Research
Global Industrial Gas Business Market report published by Accurize Market Research forecast that the global market is expected to reach $93 billion by 2025; growing at a CAGR of 3.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Upsurge in metal manufacturing & fabrication and adoption of new technologies by manufacturers for steel production to drive the growth of the market
Upsurge in metal manufacturing & fabrication and adoption of new technologies by manufacturers for steel production fuels the demand for the global industrial gas business market. Furthermore, increasing investment in the automobile and aerospace industry towards the growth of industrial gases also boosts the growth of the market.
The global industrial gas businessmarket has been bifurcated on the basis ofproduct type, application, end user and geography. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Air Liquide, Air Products and Chemicals, Inc., Praxair Technology, Inc., The Linde Group, BASF SE, EPC Group (Cryotech), Taiyo Nippon Sanso (TNS) and Messer Group GmbH among others.
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