The food and beverage industry is increasingly utilizing food-grade industrial gases to keep food products safe and fresh. Food-grade gases are high purity gases complying with food-grade standards. Food-grade industrial gases include nitrogen, oxygen, and carbon dioxide which are used to chill, freeze and package a variety of food products such as dairy and frozen products, beverages, fruits and vegetables, meat, fish, seafood, convenience food, bakery and confectionery. The demand from health-conscious consumers for fewer additives, safer and fresher food products also increases the demand for industrial gases, which can be used in place of chemical ingredients. Player-adopted strategies in the industrial gas industry include acquiring companies in similar industries, expanding production facilities, growing inorganically through acquisitions, and making sustainable investments.
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The industrial gas market consists of manufacturers’ sales of industrial gases by entities (organizations, sole traders or partnerships) that manufacture industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases.
Industrial organic gases include acetylene, chlorofluorocarbons and chlorodifluoromethane. Industrial inorganic gases include hydrogen, carbon dioxide, nitrogen, oxygen and helium.
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To take advantage of the opportunities, The Business Research Company recommends the industrial gas manufacturing companies to consider strategies such as adopting new on-site gas generation technologies, increasing emphasis on safe packaging, adopting value-based pricing, expanding into new markets through acquisitions, increasing reach through social media, and adopting eco-friendly methods of production.
Read More About The Chemicals Market Report:
The chemicals market consists of the sales of chemicals by entities (organizations, sole traders and partnerships) that manufacture chemicals based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products (but excluding beneficiating of mining output, refining of crude petroleum, manufacturing of aluminium oxide, primary metal manufacturing, beverage distilling, tobacco manufacturing). The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals.