Lucintel Forecasts Gas Market To Reach $148.7 Billion By 2025

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According to the recent study the gas market is projected to reach an estimated $148.7 billion by 2025 from $111.6 billion in 2019, at a CAGR of 4.9% from 2020 to 2025. Growth in this market is primarily driven by growing demand for industrial gas due to rapid industrialization and growing economy and population.
Browse 66 figures / charts and 50 tables in this 135 -page report to understand trends, opportunities and forecast in gas market by gas type (industrial gas, special gas, and other gases), end use industry (manufacturing, healthcare, chemical & energy, electronics, food & beverages, and others), product (oxygen, nitrogen, argon, carbon dioxide, hydrogen, acetylene, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/downloadreportsample.aspx?RepId=RPT9732 and view detailed Table of Content here - https://www.lucintel.com/gas-market.aspx

“Industrial gas market is expected to remain the largest segment during the forecast period.”
Based on gas type, the gas market is segmented ...
... into industrial gas, special gas, and other gases. Lucintel forecasts that the industrial gas market is expected to remain the largest segment due to the growth in metal manufacturing and processing industries, such as oil & gas and food & beverages and the special gas segment is expected to witness the highest growth over the forecast period due to growing demand for high purity gases, such as nitrogen, oxygen, and argon in the food and beverage industry.

“Within the gas market, the manufacturing segment is expected to remain the largest end use industry”
Based on end use industry, the manufacturing segment is expected to witness the highest growth over the forecast period due to the increasing demand for gas in metal fabrication, increasing steel production, aerospace and automotive, industry.
“Asia pacific will dominate the gas market in near future”
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing population and rapid industrialization in China, Korea, Japan, and India.
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Major players of gas market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Air Liquide, Linde Plc, Air Products and Chemicals, Taiyo Nippon Sanso, Air Water Inc. are among the major gas providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gas-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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