(MENAFN – EIN Presswire)
Sheridan, Wimming, United Nations, August 20, 2021 (EINPresswire.com) -According to a recent report by IMRC Group, “Industrial Gases Market: Global Industrial Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, International Industry Gases market volume By 2020, it had reached $ 97 billion. Looking forward to it, the market will show some growth in 2021-2026
Industrial gases are widely produced for use in many industrial processes. Nitrogen, oxygen, carbon dioxide, argon, neon, xenon, and hydrogen are the major industrial gases. These gases often contain substances, molecular compounds, and compounds that are formed at ambient pressure and temperature. They are characterized by high motivation or inability and superior physical characteristics. Many gases, such as medical oxygen, joint gases and helium bubbles, are widely available in gas cylinders and portable gas containers of various sizes. They are therefore used in the healthcare, mining, aerospace, pharmaceutical, biotechnology, nuclear, and chemical industries.
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Global industrial gas market trends
The market is dominated by rapid industrial development, especially in emerging economies. Accordingly, the increasing demand for industrial gases from many consumer industries is contributing to the market growth. Large quantities of these gases are used to control many processes in the oil and gas refineries. These gases are also used in the photovoltaic industry to produce solar panels. In addition, they create an important component in the healthcare sector for many applications. For example, oxygen and helium cylinders are used as a ventilator for life-sustaining patients. Liquid helium is an integral part of magnetic resonance imaging (MRI) equipment to cool extremely high magnetic field scanners. This is creating a positive outlook for the market, along with the cost of healthcare and the rapid expansion of healthcare infrastructure. In many industries, the use of cryogenic processes for air separation is another major development factor. Other factors that contribute to market growth are the implementation of strict environmental regulations that encourage the use of industrial gases and the continuous improvement of industrial gas production and distribution.
Market competitive aspect is also analyzed and the key player profiles that work. Some leading companies include Air Lexide SA, Linde Group, Practice, Inc., Air Products and Chemicals, Inc., and Ergas, Inc.
Browse Industry Gases Market Report with Content Table:
Insights into market share;
By type separation
3. Carbon dioxide
Separation by application
5. Health care
Disruption in supply mode
3. On the spot
Divided by region
2. Middle East and Africa
3. Latin America
4. North America
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