Lucintel Forecasts Industrial Gas Market to Reach $XX Billion by 2028
According to the recent study the industrial gas market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by increasing investment in manufacturing and processing industries, growing need for alternate energy sources, and increasing demand in the healthcare industry.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in industrial gas market by gas type (nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and others), application (packaging, coolant, carbonation, cryogenic, cutting and welding, laboratory, air separation, and others), distribution (on-site, bulk, and cylinder), end use industry (metal manufacturing and fabrication, healthcare, automotive and aerospace, electronics, energy, oil, and gas, food and beverage, pulp and paper, chemicals, pharmaceutical and biotechnology, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/industrial-gas-market.aspx
“Oxygen market is expected to remain the largest segment during the forecast period.”
Based on gas type, the industrial gas market is segmented into nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and others. Lucintel forecasts that the oxygen market is expected to remain the largest segment due to its wide usage in industries, increasing demand from healthcare institutions, and a wide usage for treatment of hazardous wastes and polluted waters.
“Within the industrial gas market, the healthcare segment is expected to remain the largest end use industry”
Based on end use industry the healthcare segment is expected to witness the highest growth over the forecast period due to the advancement of technology in the healthcare industry and incr