Industrial gases are primarily used in petroleum refining, chemical processing and metal manufacturing. To a lesser extent, they are also employed in the food and beverage, health-care and electronics industries. As a result, the performance of the industry over the five years through 2015-16 largely reflects developments in these industries. Industry participants were hampered by adverse economic conditions at the start of the five-year period, which translated into weak demand from certain end user industries.
This industry covers companies that manufacture liquefied or compressed inorganic industrial and medical gases. These are then mainly used in industrial processes. The most commonly used industrial gases are oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, carbon monoxide, helium and mixtures of these.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.