Industrial Gas Cylinders Market: Global Industry Analysis and Forecast 2021-2026

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The Industrial Gas Cylinders Market is estimated to grow at a CAGR of 3.8% over the next five years to reach US$ 772.5 Million in 2026.

The Industrial Gas Cylinders Market is segmented by Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Helium, Argon, Acetylene, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

What is Industrial Gas?

Industrial gases refer to a group of gases that are manufactured commercially and sold for use in other applications. These gases, which include helium, nitrogen, oxygen, hydrogen, carbon dioxide, argon, and acetylene, play a pivotal role in the smooth and efficient operations of a number of industries, such as chemical manufacturing, steel manufacturing metal fabrication, electronics, food beverage, and water treatment. They are used for a wide range of applications, such as petrochemical and fertilizer production, primary and fabricated metals production, semiconductor manufacturing, carbonation, oil refining, and treatment of wastewater, drinking water, lakes, and streams. Industrial gases are compressed into a cylinder at pressures of up to 300 bar as standard. These cylinders are made up of high-strength steel or aluminum that are capable of withstanding high pressures.

Gas Type

The gas type as oxygen, nitrogen, carbon dioxide, helium, argon, acetylene, and other industrial gases. Oxygen gas cylinders dominated the market due to their extensive usage in a broad array of applications, such as oxidation reactions in chemical manufacturing, steel manufacturing, transporting live seafood products, aquaculture, and water treatment applications. However, nitrogen gas is projected to witness the highest growth during the forecast period, driven by the magnificent growth of the pharmaceutical and semiconductor industries.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

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