LONDON, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Industrial Gas Global Market Opportunities And Strategies To 2021 from The Business Research Company shows that global demand for industrial gases has recently accelerated from its recent growth rate of 2.7% a year to 4.4%, a rate which is predicted to make its global market worth $87.5 billion by 2021. This growth stems from trends affecting the healthcare and food and beverages industries and other trends affecting the manufacturing, metallurgy and chemicals industries.
In the food and beverages industry the global industrial gas market is benefitting from rising consumer demand from health-conscious consumers. These consumers are increasingly demanding fewer additives and safer and fresher food products, a trend which increases the demand for industrial gases that can be used in place of chemical ingredients. As a result, the food and beverage industry is buying increasing quantities of food-grade industrial gases. These are used to chill, freeze, and package a variety of food products such as dairy and frozen products, beverages, fruits, vegetables, meat, fish, seafood, convenience foods, bakery and confectionery. Food-grade gases are high-purity gases that comply with food grade standards; they include nitrogen, oxygen, and carbon dioxide.
China, the world’s largest electronic and smart phone production hub, processing more than 50% of the global assembly capacity for mobile devices and televisions, is also the world’s largest market for other gases, such as helium, which are used to manufacture hard drives and semiconductors. Again, nitrogen gas is used in the manufacture of integrated circuits, diodes and transistors and to create a clean and inert atmosphere in manufacturing facilities.
Industrial Gas Global Market Opportunities And Strategies To 2021 is one of a new series of industry report from The Business Research Company that provide a market overview, analysis and forecasts of market size and industry statistics, market growth rates, market trends, market drivers, market restraints, market revenues, market shares and company profiles of the leading competitors in over 300 industry reports, covering over 2400 market segments and 56 geographies. The industry reports draw on 150,000 datasets. Extensive secondary research is augmented with exclusive insights and quotations from industry leaders obtained through interviews. Market analysis and forecasts are provided by a highly experienced and expert team of analysts and modellers.
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