Press Release

Chemical Processing and Petroleum Refining Lead Worldwide Industrial Gas Markets

August 13th, 2010

Global Information Inc. would like to present a new market research report, "World Industrial Gases" by Freedonia Group.

A new report from the Freedonia Group states, "World demand for industrial gases is forecast to increase 8.0 percent annually to $52.4 billion in 2014". The United States currently represents the largest national consumer of industrial gases; however, China is anticipated to overhaul the U.S. by 2014.

Key Findings in this Report:

  • Asia/Pacific region will exhibit fastest growth driven by expanding manufacturing base.
  • Among more mature economies, North America and Western Europe expected to trail behind average global rates of growth.
  • The Middle East/Africa region should surpass average global growth rate through 2014 due to emerging industrial economy, large petroleum reserves and refining industry, plus a small base at present.
  • Chemical processing and petroleum refining segment to dominate industrial gas market.
  • Hydrogen consumption in oil refineries will fuel gains in the chemical processing and petroleum refining segment.
  • Metals production and fabrication will be the second largest market for industrial gases.
  • Gains in the healthcare market for industrial gases will depend on healthcare service expansion in developing nations and boosting home health care respiratory therapies in advanced economies.

% Annual Growth
World Industrial Gas Demand2682535660523905.98.0
North America70808370114403.46.4
Western Europe5120583074802.65.1
Central & South America1740219531704.87.6
Eastern Europe2065257536804.57.4

© 2010 by The Freedonia Group, Inc.

Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 124264