Global Industrial and Specialty Gases Market to Reach 8,958 Billion Cubic Feet by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by growing demand for hydrogen and oxygen, the world industrial and specialty gases market is projected to reach 8,958 billion cubic feet by the year 2010. The industry is largely unaffected by industrial cycles owing to its characteristic long-term contracts, and thus reflects stable opportunities, without any radical changes.
San Jose, CA (PRWEB) April 23, 2008
Emerging applications of industrial & specialty gases such as high tech industries are expected to offer higher growth opportunities than conventional end-use industries such as chemical and metal processing industries. Non-conventional end-use industries require sophisticated supplies, which translate into higher margins. Healthcare and environmental remediation applications are also expected to offer high growth opportunities for industrial & specialty gases. Powered by emerging applications, world hydrogen market (http://www. strategyr. com/Industrial_And_Specialty_Gases_Market_Report. asp) is forecast to grow at a CAGR of 5.24% over the years 2011 through 2015.
As stated by Global Industry Analysts Inc., the market for Argon (http://www. strategyr. com/Industrial_And_Specialty_Gases_Market_Report. asp) in Asia-Pacific is forecast to reach 8.22 billion cubic feet by the year 2012. Oxygen market (http://www. strategyr. com/Industrial_And_Specialty_Gases_Market_Report. asp) in Europe is projected to exceed 1,147 billion cubic feet by the year 2015. The market for industrial & specialty gases is commoditized and price is the major competitive differentiator. However, opportunities exist for companies with well-established R&D to garner share in new and emerging applications. Specialty gases, which generally find applications in niche segments, offer high margins for companies that can provide the right product mix. Industrial and specialty gases are distributed to markets through cylinders, bulk shipments, and pipeline/tonnage. Cylinders represent the most prominent means of distribution.
Pricing is one of the major issues in the industrial & specialty gases market. Even though the industrial & specialty gases market is oligopolistic in nature, pricing pressures dent the profitability of the players. Pricing is determined by a host of factors, some of which include distribution terms and the duration of the contract, and energy costs involved in both manufacture and distribution. Most of the production is localized to avoid high transportation costs and the competitive bidding for new contracts dents the profit margins for players, especially in the early years of the contract. However, high capital costs, long-term contracts, and strict regulations act as barriers to entry for new players.
Key players dominating the global industrial and specialty gases market include Air Liquide, American Air Liquide Holdings Inc., Air Products and Chemicals Inc, Airgas Inc, Praxair Inc, Taiyo Nippon Sanso Corporation, and The Linde Group.
The report titled "Industrial and Specialty Gases: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, industry overview, competitive scenario, key markets, end-use industries, product overview, pricing, modes of delivery, production process, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - Acetylene, Argon, Carbon Dioxide, Hydrogen, Nitrogen, Oxygen, and Others.
For more details about this research report, please visit
Http://www. strategyr. com/Industrial_And_Specialty_Gases_Market_Report. asp (http://www. strategyr. com/Industrial_And_Specialty_Gases_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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