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Global Industrial Gas Market to Reach $71.6 Billion by 2022 - Increasing Environmental Regulations are Hindering Growth - Research and MarketsResearch and Markets has announced the addition of the "Global Industrial Gas Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering. The Global Industry Gases Market is estimated to be $47 billion in the year 2015, and further expected to reach $71.6 billion by the year 2022. The global industrial gases market is forecasted to grow with the CAGR of 6.2% during the period 2016-2022. The major factors that are augmenting the growth of the market are rising demand of the industrial gases in the healthcare specifically medical grade gases like nitrogen, nitrous oxide, helium etc. Increasing application of liquefied gas like LNG (liquid nitrogen gases), increasing usage of industrial gases in vehicles are the major factors that are boosting the growth of the global industrial gases market. However, high cost of transportation and high cost of storage of the industrial gases and increasing environmental regulations are hindering the growth of the market. Increasing appication of industrial gases in food and beverages and healthcare has widened the scope of industrial gases market. In food and beverages industry, industrial gases like carbon dioxide and nitrogen are excessively used for freezing, packaging, grinding etc in various food product including bakery, dairy, beverages, prepared meat etc. Additionally, industrial gases in food and beverages industry an also provide health and safety benefits, for example, Modified Atmosphere Packaging (MAP) a technique of preservation of food like meats, fish etc. Healthcare industry has huge potential for the industrial gases, for example, nitrous oxide is being used in anesthesia, pain relief etc, liquid nitrogen is used in cryogenic storage organs, blood, body tissues etc. these are the major factors that are augmenting the growth of the industrial gases market. Companies Mentioned:
Key Topics Covered: 1. Introduction 2. Market Overview 3. Market Determinants 4. Market Segmentation 5. Competitive Landscape 6. Geographical Analysis 7. Company Profile For more information about this report visit http://www.researchandmarkets.com/research/v9mv9n/global_industrial. View source version on businesswire.com: http://www.businesswire.com/news/home/20170322006277/en/ |
