The Industrial Gases Market provides the 'invisible' backbone for modern manufacturing, including oxygen for steel, nitrogen for food preservation, and hydrogen for refining. The market is dominated by a few global players and is characterized by long-term contracts and onsite supply models. The current major driver is the energy transition, specifically the massive demand for hydrogen and the role of industrial gases in carbon capture and storage (CCS). The healthcare sector also remains a steady growth driver for medical-grade oxygen. The shift toward 'green' industrial gases, produced using renewable energy or CCS, is the most significant strategic trend shaping the industry's future.More Trending Reports on Energy & Power by Market Research Future
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