China Industrial Gases Market to Surpass $22 Billion by 2022: Finds TechSci Research Report

NEW YORK - June 12, 2017 - PRLog -- According to TechSci Research report "China Industrial & Specialty Gases Market By Application, Mode of Distribution & Region, Forecast & Opportunities,
2012-2022",industrial gases market in China is projected to surpass $ 22 billion by 2022, owing to rising demand from automobile and steel industries. Over the last two decades, rapid pace of industrialization is boosting economic growth in China. Power plants, factories and heavy industries are emitting polluted air, which is impacting health of people in China and even causing premature deaths. Specialty gases are used as standardized gases to check air quality. For air monitoring, air samples are collected in containers and are then studied by using gas chromatography. This is boosting demand for industrial and specialty gases in China.

Browse 30 market data Tables and 60 Figures spread through 163 Pages and an in-depth TOC on "China Industrial Gases Market"

https://www.techsciresearch.com/report/china-industrial-specialty-gases-market-by-application-metal-industry-refinery-chemical-petrochemical-electronics-semiconductors-etc-by-mode-of-distribution-tonnage-gaseous-bulk-cylinder-region-forecast-opportunities/967.html

East and South central regions dominate demand for industrial & specialty gases in China, as these regions house a large number of food & beverage, automotive and metal processing plants. The number of economic zones in Central China grew from only 6 to around 775 during 1995-2010. Moreover, various upcoming automobile and metal & steel industries are further anticipated to drive demand for industrial gases in East and South Central China. The automotive industry in Eastern and South Central regions accounted for 18% share in the total automobile sales in China in 2015. Robust industrial developments in East and South Central regions are expected to continue driving demand for industrial gases in these regions through 2022.

"China industrial gases market is on the rise due to increase in consumption of industrial gases from end user industries such as metal & steel, automobile, chemicals & fertilizers, food & beverage, etc. Few of the major companies operating in China industrial and specialty gases market include Linde, Air Liquide, Yingde Gases, Praxair and Air Products, among others. Major companies operating in China industrial gases market are increasingly focusing on expanding their customer base and merging their industrial gas and helium segments to achieve a strong foothold in the market. Increasing number of acquisitions by major players operating in China industrial gases market are also aimed at improving product offerings and venture into new business spaces.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"China Industrial & Specialty Gases Market By Application, Mode of Distribution & Region, Forecast & Opportunities, 2012-2022" has evaluated China industrial gases market and has provided statistics and information on market structure, industry behaviour and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in China industrial gases market.

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