Global Gas Mixtures Market was valued at US$ 30.2Bn in 2019 and is expected to reach US$ 43.2Bn by 2026 at a CAGR of 4.5% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Gas Mixtures Market
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Growth in automobile, healthcare, and electronics is expected to drive the gas mixtures market worldwide. The gas mixture industry is dominated by big players in the market hence entry for new players and market growth for SMEs has some market restraints like high equipment cost and complicated manufacturing process. Growing chemical industry in developing and underdeveloped economies are good opportunities for gas mixture manufacturers across the world.
Regular use of gas mixture in the healthcare industry and demand in metal fabrication are expected to dominate the segments in the gas mixture market. Additionally, segments like pharmaceutical biotechnology are expected to boost the growth of the gas mixture market in the forecast period.
The report has covered all major market segments for gas mixture including automotive, construction, aerospace and defense, electrical equipment, and industrial machinery. Demand drivers in each sector with pricing analysis have been studied in the report that will give a clear picture of the industry to the decision-makers in the companies.
Hydrogen gas mixtures are leading the gas mixture whereas, oxygen mixtures are predicted to grow at the highest CAGR. Hydrogen finds its wide usage owing to its properties such as temperature and pressure, hydrogen is a nontoxic, nonmetallic, odorless, tasteless, colorless, and highly combustible diatomic gas. Oxygen will play a key role in changing the gas mixture landscape during the forecast period. Thanks to growth in the metal fabrication industry, gas mixtures such as oxygen mixtures, carbon dioxide mixtures, and hydrogen mixtures are expected to drive the growth of the market.
North America is estimated to lead the market with a major market share, while Asia-Pacific is anticipated to grow at the highest CAGR till 2026. In the APAC region, China and India are projected to be lucrative markets, making the Asia-Pacific region the fastest-growing market for gas mixtures.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global gas mixtures market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global gas mixtures market.
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Global Gas Mixtures Market, by Mixture Type
• Oxygen mixtures (O2)
• Nitrogen mixtures (N2)
• Carbon dioxide mixtures (Co2)
• Argon mixtures (AR)
• Hydrogen mixtures (H2)
• Specialty gas mixtures
Global Gas Mixtures Market, by Storage Distribution Mode
• Cylinder packaged distribution
• Merchant liquid distribution
• Tonnage distribution
Global Gas Mixtures Market, by Manufacturing Process
• Air separation technology
• Hydrogen production technology
Global Gas Mixtures Market, by End-Use Industry
• Metal manufacturing fabrication
• Medical healthcare
• Food beverage
Global Gas Mixtures Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Gas Mixtures Market
• Linde Group
• Air Liquide S.A
• Air Products and Chemicals
• Advanced Specialty Gases
• Messer Group
• Taiyo Nippon Sanso Corporation
• Iwatani Corporation.
• Gas Technologies Chemicals
• Sapio Group
• SIAD S.p.A.
• R. STAHL Group
• Abdullah Hashim Industrial Gases and Equipment
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