Technavio
has announced the top five leading vendors in their recent global
rare gases market report until 2021. This research report
also lists six other prominent vendors that are expected to impact the
market during the forecast period.
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Technavio has published a new report on the global rare gases market from 2017-2021. (Graphic: Business Wire)
The growth in construction, lighting, and laser applications, increasing
energy prices, and rapid urbanization has fueled the growth of the global
rare gases market. The market is purely application-driven, and
demand is dependent on various end users such as electronics,
construction, automobile and aerospace, and healthcare. Implementation
of new energy-efficient codes has driven the growth of the global market
as rare gases are manufactured by distillation of air. The consumption
of LED bulbs is increasing in developing countries such as India, China,
Indonesia, and Brazil, and has led to an increase in the use of rare
gases.
Competitive vendor landscape
The global rare gases market is consolidated with the presence of
several vendors. The market is dominated by global vendors such as Air
Liquide, Air Products and Chemicals, The Linde Group, Messer Group, and
Praxair. Many regional vendors are present in the market, especially in
emerging regions such as APAC and MEA. Growing industrialization in
developing regions has spurred the entry of domestic vendors into the
global market. Vendors compete based on factors such as innovation,
price, operational cost, and product quality. Some of the players can
drive down the market prices because their costs are lower than that of
their competitor’s.
Hitesh Bhatia, an industry expert at Technavio for research on industrial
gases, says, “The key players have a vast geographical
presence with large production facilities located worldwide. A sizeable
number of small regional vendors also operate in the market and have
significant market shares. The competitive environment in the market
will further intensify over the next five years with the increase in
product extensions in terms of innovation in technology.”
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Top five vendors in the global rare gases market
Air Liquide
Air Liquide supplies oxygen, nitrogen, argon, hydrogen, helium, and
other specialty gases through supply systems such as cylinders,
pipelines, on-site plants, tankers, and other specialized modes. The
company is the world leader in rare gases. Its rare gas production and
packaging facilities employ advanced technologies and analytical
equipment to produce customer-specific rare gas products such as
krypton, neon, and xenon.
Air Products and Chemicals
Air Products and Chemicals offers gases, rare gases, and atmospheric
gases, along with auxiliary equipment to sectors such as petrochemical
refining, metals, electronics, and food and beverage. The company also
supplies liquefied natural gas process technology and related equipment.
The company is the leading global supplier of electronics and
non-electronics specialty gases.
Messer Group
Messer Group supplies hydrogen, oxygen, nitrogen, carbon dioxide, argon,
helium, specialty gases, gases for medicinal use, inert welding gases,
and a wide variety of gas mixtures. It operates as a subsidiary of
Messer Industries. The company produces xenon and krypton gases.
Praxair Technology
Praxair produces and sells atmospheric gases, specialty gases, and
high-performance surface coatings. It serves major end users such as
aerospace, chemicals, food and beverage, electronics, energy,
healthcare, and primary metals. Praxair produces and distributes rare
gases under the process gases category.
The Linde Group
The Linde Group is an engineering and gases company that supplies
industrial, process, and specialty gases. The company serves industries
such as food and beverage, chemistry and energy, electronics,
healthcare, and manufacturing. The Linde group offers specialty gases of
high-purity grade and gas mixtures grade.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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at media@technavio.com.
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