Dublin, Oct. 10, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hgd2cg/global_industrial)
has announced the addition of the
"Global Industrial Gases Market 2012-2016" report to their
offering.
One of the key factors contributing to this market growth is
the increasing demand from Process industries. The Global
Industrial Gases market has also been witnessing increasing demand
for integrated industrial gases distribution. However, the need to
meet environment regulations could pose a challenge to the growth
of this market.
The key vendors dominating this market space are L'Air Liquide
S.A., Linde AG, Praxair Inc., and Air Products and Chemicals
Inc.
The other vendors mentioned in the report are Taiyo Nippon Sanso
(TNS) Corp., and Airgas Inc.
Commenting on the report, an analyst from TechNavio's Engineering
team said: ''Vendors in the Global Industrial Gases market are
developing next-generation gases to meet the end-customers'
technology development and to improve the end-users' operational
efficiency. It helps the vendors to continue their long-term
relationship with end-users. For instance, the vendors are
developing and offering industrial gases with less greenhouse gas
emission, which in turn helps the end-users to meet sustainability
policies and regulations. Also, end-users prefer to use industrial
gases with less greenhouse gas emission in order to develop
environmental social responsibility and create a competitive edge
over their competitors.''
According to the report, the Global
Industrial Gases market is experiencing huge market potential
from various developing countries such as China, India, Korea,
Russia, South Africa, and Brazil. Increasing urbanization is one of
the major drivers for the growth of the market in developing
countries. Increasing urbanization is leading to demand for the
utilities and process industries such as Oil and Gas, Energy, and
Petroleum. Also, these industries are emerging in some developing
countries due to the positive growth of these countries' gross
domestic product (GDP). Therefore, the increasing urbanization and
growth of GDP in developing countries enhance the demand for
industrial gases in developing countries.
For more information visit
http://www.researchandmarkets.com/research/hgd2cg/global_industrial
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector:
Chemicals