The Global Industrial Gases Market to Reach US$101.9 Billion By 2016 says Latest Report

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Dublin, Oct. 10, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hgd2cg/global_industrial) has announced the addition of the "Global Industrial Gases Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the increasing demand from Process industries. The Global Industrial Gases market has also been witnessing increasing demand for integrated industrial gases distribution. However, the need to meet environment regulations could pose a challenge to the growth of this market.

The key vendors dominating this market space are L'Air Liquide S.A., Linde AG, Praxair Inc., and Air Products and Chemicals Inc.

The other vendors mentioned in the report are Taiyo Nippon Sanso (TNS) Corp., and Airgas Inc.

Commenting on the report, an analyst from TechNavio's Engineering team said: ''Vendors in the Global Industrial Gases market are developing next-generation gases to meet the end-customers' technology development and to improve the end-users' operational efficiency. It helps the vendors to continue their long-term relationship with end-users. For instance, the vendors are developing and offering industrial gases with less greenhouse gas emission, which in turn helps the end-users to meet sustainability policies and regulations. Also, end-users prefer to use industrial gases with less greenhouse gas emission in order to develop environmental social responsibility and create a competitive edge over their competitors.''

According to the report, the Global Industrial Gases market is experiencing huge market potential from various developing countries such as China, India, Korea, Russia, South Africa, and Brazil. Increasing urbanization is one of the major drivers for the growth of the market in developing countries. Increasing urbanization is leading to demand for the utilities and process industries such as Oil and Gas, Energy, and Petroleum. Also, these industries are emerging in some developing countries due to the positive growth of these countries' gross domestic product (GDP). Therefore, the increasing urbanization and growth of GDP in developing countries enhance the demand for industrial gases in developing countries.



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