L\’Air Liquide Emerges As The Largest Company In The Industrial Gases Market, Says TBRC Report (Companies Included: L\’Air Liquide S.A, The Linde Group, Praxair Inc., Air Products and Chemicals Inc.,)

“-Market Research And Consulting.”
According to industrial gases market analysis, the global industrial gas market share is expected to increase in the forecast period. The Asia Pacific region is expected to be the largest region in the global industrial gas market. Among the countries, the US is estimated to account for the largest country in the global industrial gas market with over 25% market share.

Industrial Gases Industry Analysis

Industrial gases are also referred to as bulk gases or commodity gases; they are produced in large quantities by companies for use in a variety of industrial manufacturing processes. The industrial gases manufacturing market consists of the sales of industrial gases by entities (organizations, sole traders or partnerships) that produce industrial organic and inorganic gases in compressed, liquid, and solid forms.

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Industrial Gas Market Size

The global industrial gas market grew at a compound annual growth rate (CAGR) of over 2% during the historic period. This growth can be attributed to several factors such as emerging markets growth, technology development, and increasing applications of industrial gas in healthcare. By 2022 the industrial gas market is expected to grow at a CAGR of around 4.5%.

L’Air Liquide S.A is estimated to be the largest player with around 25% in the industrial gas market share, followed by The Linde Group, Praxair Inc., Air Products and Chemicals Inc., and Taiyo Nippon Sanso Corp.

L’Air Liquide’s Gas & Services division, involved in industrial gas production, generated revenues of around $17 billion for the financial year 2017. The Gas & Services division provides industrial and specialty gases, application, technologies, welding, healthcare specialty ingredients, safety equipment, and related services to industrial, healthcare and electronic companies.

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Company profiles included in the report are L`Air Liquide S.A, The Linde Group, Praxair Inc., and Air Products and Chemicals Inc.

 

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