The 1-Hour Strategic Forecast 2025 of the Key Competitors of the Industrial Gas Sector
The industrial gases market is projected to experience significant growth from 2025 to 2035, driven by factors such as the global energy transition, technological advancements, and increasing demand across various industries.
Key Competitors in the Industrial Gases Sector:
- Linde plc: A leading global industrial gases and engineering company, Linde offers a wide range of products and services to various industries, including healthcare, manufacturing, and electronics.
- Air Liquide S.A.: Based in France, Air Liquide supplies industrial and medical gases and related services, serving sectors such as energy, chemicals, and electronics.
- Air Products and Chemicals, Inc.: An American company specializing in atmospheric gases, process and specialty gases, and related equipment, catering to industries like refining, chemical, and electronics.
- Messer Group GmbH: A German industrial gas company providing gases for applications in industries such as healthcare, food processing, and metallurgy.
- Taiyo Nippon Sanso Corporation: A Japanese company supplying industrial gases and related equipment, serving sectors including electronics, healthcare, and manufacturing.
Market Forecast and Trends:
- The global industrial gases market is expected to grow from USD 105.6 billion in 2023 to USD 137.9 billion by 2028, at a compound annual growth rate (CAGR) of 5.5%. MarketsandMarkets
- The Asia-Pacific region is anticipated to dominate the market, driven by industrial growth in countries like China and India. Mordor Intelligence
- Key growth drivers include the increasing demand for alternative energy sources, expansion in the healthcare sector, and technological advancements in gas production and application. GlobeNewswire
Conclusion:
The industrial gases sector is poised for substantial growth in the coming decade, with major players like Linde plc, Air Liquide, and Air Products and Chemicals, Inc. leading the market. Advancements in technology and increasing demand across various industries are expected to drive this expansion.
Recent Developments in the Industrial Gases Sector
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
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