Industrial Gases Market: Introduction
Industrial gases are specific gaseous materials produced for industrial purposes, with the most prominent ones being oxygen, nitrogen, carbon dioxide, helium, and hydrogen. Various other mixtures are also manufactured and provided as gas cylinders. A number of industries require these customized gases, including steel, oil & gas, chemicals & petrochemicals, biotechnology, medicine, environmental protection, and nuclear power. The market for the same is feeding off the prosperity of each of them. According to a business intelligence study by Transparency Market Research (TMR), the global industrial gases market is likely to expand at a notable CAGR of 6.1% during the forecast period of 2021 to 2031 and reach value of US$ 126.1 Bn by 2031.
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