Adroit Market Research Industrial Gases Market Size, Share, Outlook | Page 2

Adroit Market Research Global Industrial Gases Market Size, Status and Forecast 2018-2025 • In 2017, global industrial gases market size was accounted for USD xx Billion. It is expected to expand by USD xx Billion with a CAGR of xx% in the coming years on the basis of increasing demand for metal production & fabrication, food & beverage, petrochemical & chemical, automobile and pharmaceuticals & healthcare industry. The main factor fueling the growth of global industrial gases industry are developing the techniques of enhanced oil recovery in gas & oil sector, increase in depletion of petrochemicals & chemicals and enlargement of capacity of refinery. Increase in the sales of passenger car is estimated to increase the demand for industrial gases in the automobile sector worldwide over the forecast period. • Rise in investment in aerospace and automobile industry is increasing the demand for services of metal fabrication, participating in the growth of industrial gases. With increase in demand in the manufacturing industry of metal, industrial gases are expecting the increase in demand from industries like food & beverages, healthcare, oil & gas, chemicals and electronics. As environmental concerns are increasing and strict rules for safety are factors that play a major role in the growth of the global industrial gases market. • Development in technology in the healthcare industry upsurge the demand for industrial gases production and act a driving factor for the industrial gases market analysis. For instance, development of gas-assist equipment in the medical field offers variety of controls and equipment. In medical field, oxygen is required in large amounts to reduce the risk of excess oxygen in body tissue or lungs during surgeries and for giving artificial ventilation. Nitrogen is required in pre-flight lung diagnosis for calculating ability of person to respond to aircraft cabin environment. Carbon dioxide is used at the time of insufflation and infused with oxygen for respiratory simulation. Therefore, increase in usage of industrial gases in healthcare sector is increasing the demand of industrial gases market in the coming years. [phone] [email protected] www.adroitmarketresearch.com