Industrial Gas Cylinders Market Growth Rate And Industry Analysis 2021-2026
Industrial Gas Cylinders Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The industrial gas cylinders market to reach an annual size of US$ 772.5 Million in 2026.
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Market Segments’ Analysis
According to Stratview Research, the Industrial Gas Cylinders Market is segmented by Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Helium, Argon, Acetylene, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the gas type as oxygen, nitrogen, carbon dioxide, helium, argon, acetylene, and other industrial gases. Oxygen gas cylinders dominated the market due to their extensive usage in a broad array of applications, such as oxidation reactions in chemical manufacturing, steel manufacturing, transporting live seafood products, aquaculture, and water treatment applications. However, nitrogen gas is projected to witness the highest growth during the forecast period, driven by the magnificent growth of the pharmaceutical and semiconductor industries.
Which region is expected to dominate the market?
In terms of regions, Asia-Pacific dominated the industrial gas cylinders market in 2020. Also, the region is likely to witness excellent growth during the forecast period, driven by the exceptional growth in the region’s electronics, chemical, and petrochemical industries. China and India are likely to act as the major growth engines of the region’s market in the coming years.
Top key vendors in the market:
The report mentions a list of key players in the Industrial Gas Cylinders Market. Some of them are mentioned below –
- Beijing Tianhai Industry Co., Ltd.
- Catalina Cylinders
- Cylinders Holding Group
- Everest Kanto Cylinder Ltd.
- FABER INDUSTRIE SPA
- Grupo Mat
- INFLEX-Argentoil S.A.
- Luxfer Holdings PLC
- TriMas Corporation (Norris Cylinder
- Worthington Industries, Inc.
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Industrial Gas Cylinders Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion’s share of the market?
- What are the market drivers and constraints?
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