PUNE, India, November 21, 2022 (GLOBE NEWSWIRE) — The global industrial gases market amounted to USD 88.05 billion in 2020. The global market size is expected to grow from US$91.29 billion in 2021 to US$148.16 billion by 2028, at a CAGR of 7.2% over the forecast period of 2021-2028. This information is provided by Fortune Business Insights in its report titled Industrial Gases Market, 2021-2028.
According to our analysts, the global industrial gases market will gain momentum due to the high demand for crude oil and the urgent need to refine it for use in various applications. At the same time, the expansion of the oil and gas industry would have a positive impact on growth.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-gases-market-101728
Report Highlights:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast period 2021 to 2028 CAGR | 7.2% |
| Value prognosis 2028 | $148.16 billion |
| base year | 2020 |
| Market size in 2020 | $88.05 billion |
| Historical data for | 2017-2019 |
| number of pages | 280 |
| segments covered | Increasing demand from the healthcare sector to give impetus to the market |
| growth accelerator | Increasing demand for clean energy to fuel market growth |
| Increasing investment in electronics and metallurgy industries to fuel growth |
Effects of COVID-19:
COVID-19 Pandemic: Facility closures and workforce unavailability to impact growth
The COVID-19 pandemic has resulted in labor unavailability and low end-user demand for industrial gases due to the full closure of manufacturing facilities and nationwide lockdown measures. Also, the consumption of crude oil has dropped drastically due to the pandemic, creating very fewer prices for the same. Our research reports will help you overcome this situation by choosing the right strategy.
To learn more about the short- and long-term impact of COVID-19 on this market, please visit:
[ad_2]
Source story
