South East Asia Industrial Gases Market - Forecast(2021 - 2026)
The South East Asia (SEA) Industrial Gases market value was $3.1 billion in 2020 and is expected to grow at a CAGR of 5.0% for the period 2021-2026. Growth of the SEA Industrial Gases market can be attributed to improving economies of SEA countries’ economies, growing energy demand, and healthcare needs. The growing need for alternate sources of energy sources leads to investments in gasification plants that require high amount of gases which is set to drive industrial gases market. Gases used for various industrial and manufacturing processes are known as industrial gases. Most of these gases are manufactured relatively in large quantities and are found in all three states of matter that is solid, liquid and gas. These gases are supplied to customers in the form of liquid or gas via cryogenic cylinders, gas cylinders, or glass bottles/ampules and are used in a variety of industries according to their physical and chemical properties. Industrial gases such as...