Summary - A new “Global Rose Extracts Market Professional Survey Report 2019-” has been featured on WiseGuyReports.
The GlobalRose Extracts Marketwas valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025. Industrial Gases are gaseous materials which are produced for use in various indus-tries. The major gases which are used in the industry include oxygen, nitrogen, carbon diox-ide, acetylene, hydrogen, argon, and helium.
Drivers & Restraints
The demand for fresh food products is rising globally. Consumers are becoming more health-conscious and preferring safe and fresh food with fewer additives, which is increas-ing the demand for industrial gases that can be used in place of the chemical ingredients. Therefore, the food and beverage industry is buying large quantities of food-grade industrial gas which are used to chill, freeze and package the various food products. Thus, because of the growth in Food & beverage industry, the market for the industrial gases is expanding.
The increasing demand for high-grade industrial gases in Healthcare is also a significant driver for the market. In addition to oxygen, which is used in medical facilities to aid in the treatment of hypoxemia and hypoxia, carbon dioxide is used for insufflation and is often combined with oxygen or air as a respiratory stimulant to promote deep breathing. Nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium, and xenon are also be-ing prepared for clinical use in pharmaceutical products. Thus, the wide applications of In-dustrial gases in healthcare sector is boosting the market for Industrial Gases.
The stringent laws and regulations associated with the manufacturing, storage, and distribu-tion of Industrial Gases tend to decrease the profit margin for the companies. And also the cost involved in the storage of Industrial Gases is very high. So, these factors can be a poten-tial barrier to the growth of the market.
Segment Analysis
The GlobalRose Extracts Marketreport segments the market by gas type and by end-user industry. Gas type the market includes Oxygen, Nitrogen, Helium, Hydrogen, Carbon Diox-ide, Acetylene, Argon, and Others. Nitrogen is the largest segment in this category. Nitrogen is a critical cryogenic agent in cooling, chilling and food freezing. Because of its extremely cold temperatures, immersion freezing in liquid nitrogen is the fastest freezing method known for producing Individually Quick Frozen (IQF) foods. Nitrogen also plays a crucial role in reducing spoilage, discoloration and off–flavors, giving strength to retail packaging.
As the demand for frozen food products is increasing in the U.S., it will increase the demand for industrial gases especially Nitrogen, which has significant applications in frozen foods.
Further, the market can be classified by End-user Industry. End-User Industries for Industrial gases are Chemicals & Refining, Manufacturing, Metals, Energy, Automotive, Food & Bev-erages, Health & Medicine, Electronics, and Others. By end user industry, manufacturing is the largest global segment of the industrial gas market mainly due to manufacturing de-mand for industrial gases such as nitrogen and hydrogen. For instance, in the automotive industry, nitrogen in combination with other welding gases is used to weld auto parts, frames, mufflers, and other components. Nitrogen is also used in high Reynolds-number wind tunnels, heat treating furnaces, and autoclaves, and to help create strong and light-weight materials. Hydrogen is used in the manufacture of heat treating furnaces and parts.
Geographical Analysis
The report segments the market by geography as North America, South America, Europe, Asia-Pacific and rest of the world. North America contributes significantly to the Industrial Gas Market. It is because of the rapid rise in the automotive and construction sector in the U.S. which is propelling the demand for Industrial Gases. Also, the consumption of industrial gases is increasing in refineries as there is a high demand for cleaner-burning fuels in U.S. which is driving the demand for Hydrogen in the U.S.
APAC is predicted to be the fastest growing region during the forecast period owing to the demand of industrial gases in manufacturing, chemicals, healthcare and food sector in this region because of rapid urbanization and fast-growing population. Moreover, governments in countries like China, India, and Indonesia are taking various initiatives to develop alterna-tive energy sources. This is fuelling the growth of gasification plants which uses a substantial amount of Industrial Gases.
Key Players
The GlobalRose Extracts Marketreport profiles the following companies- Air Liquide, Air Products & Chemicals, The Linde Group, Praxair, The BOC Group, BASF, Messer Group, Tai-yo Nippon Sanso and Matheson Tri-Gas, Inc.
Air Liquide, Air Products & Chemicals, and Linde Group hold the majority of the market share of the Industrial Gases. Air Liquide operates in 80 countries and had a net revenue of about $23 billion in 2017. There is a proposed merger of equals between The Linde Group and Praxair which has already been approved by The European Commission (EU). This mer-ger would change the dynamics of the Industrial Gas industry.
Key market segments covered
By Gas-Type
- Oxygen
- Nitrogen
- Helium
- Hydrogen
- Carbon Dioxide
- Acetylene
- Argon
- Others
By End-User Industry
- Chemicals & Refining
- Automotive & Aerospace
- Manufacturing
- Metals
- Energy
- Food & Beverages
- Health & Medicine
- Electronics
- Others
By Region
- Asia Pacific
- Europe
- North America
- South America
- Rest of the World
Why purchase the report?
- Visualize the composition of theRose Extracts Marketacross each indication, in terms of gas type and end-user industry highlighting the critical commercial assets and players.
- Identify commercial opportunities inRose Extracts Marketby analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of theRose Extracts Marketlevel 4/5 segmentation
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Product mapping in excel for the keyRose Extracts Marketproducts of all major market players
Target Audience
- Raw Material Suppliers/ Buyers
- Product Suppliers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
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