Many of the industries around the world are dependent on industrial gases for functioning. The global market for industrial gases has been expanding and growing at a steady pace in the last couple of years. The market is further expected to experience a boost in growth in the coming years to 2022. It is estimated that the global market for industrial gases will cross $115 billion in revenue by the end of 2025.
The demand for industrial gases has been the boom in metal manufacturing, leading to a burgeoning demand for industrial gases such as hydrogen, nitrogen, oxygen, and argon.
As manufacturers move rapidly to adopt new technologies for steel production, this is also driving the demand for oxygen, which has seen a sharp increase in the last two to three years. The demand for industrial gases also continued to remain strongly driven by an increase in investments in infrastructure development and petroleum reserves in emerging markets. In fact, the metal fabrication and production sector is expected to remain the second major sector for industrial gases, next to petroleum refining.
As the global market for industrial gases expands rapidly, the author analyzes the Global Market for Industrial Gases in a Michael Porter’s Five Forces Analysis.
The report, Global Market for Industrial Gases – Porter’s Five Forces Analysis 2019 is useful in understanding the forces that affect the industry as it is these forces that ultimately affect a company's bottom line and profitability. By being aware of these factors, you will be able to adjust your strategy accordingly, taking advantage of an existing strong position or improving a weak link and avoiding taking any wrong steps in the future. Having access to a well-researched Porter's Five Forces analysis will have a profound impact on your long-term profitability.
Table of Contents
A. Executive SummaryB. Industry Definition
