Southeast Asia Liquid Gases Market growing with a CAGR of 7.1%, By Type (Liquid Nitrogen, Liquid Oxygen, Liquid Argon) - Industry Trends and Forecast to 2030

Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products between the consumers, and growing awareness regarding the properties of the liquid gases products.

View Detailed report: https://www.databridgemarketresearch.com/reports/southeast-asia-liquid-gases-market 

Market Definition

Liquid gases are gases that have been turned into liquid by cooling or compressing it. It is done usually for storage and transport purposes. Liquid gases are widely used in various industries, which include food and beverages, aerospace and defense industry, chemical industry, welding and cutting, and medical. The driving factor for the growth of the Market is rise in demand for liquid gases in the food packaging industry.

Opportunities

Rising spending on cryotherapy in the biomedical sector

Cryotherapy is a treatment where your healthcare provider applies extreme cold to freeze and destroy abnormal tissue. Liquid Nitrogen is used to create this severe cold. Cryotherapy is used to treat a variety of skin conditions and cancers, including prostate and liver cancer. This treatment is also known as cryoablation. Cryotherapy uses cryogen, typically liquid Nitrogen, to cool the targeted tissue to subzero temperatures. This effect induces tissue damage in two mechanisms. The first mechanism is the induction of tissue ischemia by damaging blood vessels and capillaries within the target area, leading to ischemic tissue necrosis. The second mechanism involves damaging the cells more complexly by forming ice crystals and inducing osmotic cell injury and cellular membrane disruption. As it is a non-invasive technique, cryotheraphy can produce the best outcomes.

Southeast Asia Liquid Gases Market Share Analysis

The Southeast Asia liquid gases market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Southeast Asia liquid gases market.

Some of the major players operating in the Southeast Asia liquid gases market are Air Liquide, Bangkok Industrial Gas Co., Ltd., AMCS Corporation, Linde plc, Air Products and Chemicals, Inc., MESSER, Asia Industrial Gases Pte. Ltd., NIPPON SHOKUBAI CO., LTD., SASOL, SABIC among others.

Southeast Asia Liquid Gases Market Scope

The Southeast Asia liquid gases market is categorized based on type.

Type

Liquid Nitrogen
Liquid Oxygen
Liquid Argon

On the basis of type, the Southeast Asia liquid gases market is classified into three segments liquid nitrogen, liquid oxygen and liquid.

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