A rise in population and industrialization in BRIC nations will drive the major growth of the industrial gases market, according to a report published by Transparency Market Research and marketed by Report Buyer. The BRIC nations ― Brazil, Russia, India and China ― are all deemed to be at a similar stage of newly advanced economic development and collectively influence the market.
Growth in associated industries such as food and beverages, chemical manufacturing, metal fabrication and transportation are some of the other drivers for the global industrial gases market. However, the high costs of storage of industrial gases and transportation are expected to be a key challenge for market participants.
The report analyzes the industrial gases market in terms of market size, market share, and competitive analysis and also estimates the market in terms of revenue (USD million) for the period 2012 to 2018, deeming 2011 as the base year. The global industrial gases market is segmented into two major sub-segments on the basis of products and geography. This market primarily includes nitrogen, oxygen, hydrogen, and carbon dioxide, argon, helium and acetylene.
The report also characterizes the market on the basis of geography. The market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW) regions. In-depth analysis of various geographical factors affecting market dynamics are explained in the report.
To learn more or to purchase the report, "Industrial Gases Market (Hydrogen, Nitrogen, Oxygen, Carbon Dioxide, Argon, Helium, Acetylene) - Global And U.S. Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018," visit www.reportbuyer.com.
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