The global market for Industrial Gases was valued at USD 111 Billion in 2024 and is projected to reach USD 157.2 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Industrial Gases Market - Key Trends & Drivers Summarized
What Are Industrial Gases and Where Are They Used?
Industrial gases such as oxygen, nitrogen, carbon dioxide, argon, and hydrogen are pivotal to various industrial processes and applications. These gases are used across a broad spectrum of industries including healthcare, where oxygen is crucial for patient care, and manufacturing, where gases like nitrogen and carbon dioxide are used for their inert properties in processes that require non-reactive environments. Argon is widely used in welding, and hydrogen serves as a fuel and reducing agent in chemical processes. The versatility of these gases makes them integral to the operations of sectors ranging from electronics to food processing, each relying on specific properties of these gases to enhance product quality, safety, and efficiency.How Are Innovations Impacting the Industrial Gases Sector?
Innovation within the industrial gases sector is heavily focused on improving the efficiency and sustainability of gas production and delivery. Advanced separation technologies, such as pressure swing adsorption and cryogenic distillation, have enhanced the purity and yield of these gases, making processes more cost-effective. Moreover, innovations in packaging, storage, and transport technologies, including the development of lightweight, high-capacity cylinders and more efficient cryogenic tanks, have significantly improved the safety and environmental footprint of transporting these gases. Additionally, the industry is increasingly turning to on-site production facilities, which reduce the need for transportation and associated emissions, while providing users with a steady, reliable supply of necessary gases.What Trends Are Shaping the Industrial Gases Market?
Several key trends are shaping the industrial gases market today. There is a growing demand for clean energy sources, which has led to an increased use of hydrogen as a fuel. The rise in healthcare standards and an aging global population are driving the demand for medical gases for use in therapeutic and diagnostic applications. Furthermore, environmental concerns and regulations are pushing industries to adopt cleaner technologies and practices, where gases like oxygen and hydrogen play critical roles in reducing emissions and enhancing energy efficiency. The expansion of the food and beverage industry also boosts the need for gases that ensure food preservation and safety.What Are the Key Drivers of Growth in the Industrial Gases Market?
The growth in the industrial gases market is driven by several factors. Rapid industrialization in emerging economies is increasing the demand for gases used in manufacturing and processing industries. Technological advancements that enhance the efficiency and environmental sustainability of gas production are also crucial drivers, as they meet the stringent regulatory standards for emissions and energy use. Moreover, the expanding healthcare sector globally requires a steady supply of medical gases, which supports sustained growth in this segment. The ongoing developments in sectors such as electronics, where gases are used in the production of semiconductors and display panels, further fuel the demand for high-purity gases. These combined factors ensure robust growth and continued innovation within the global industrial gases market.Report Scope
The report analyzes the Industrial Gases market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Product (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon, Acetylene, Other Products); Distribution (Cylinder (Merchant), On-Site, Bulk (Liquid Gas Transport)); Application (Manufacturing, Metallurgy & Glass, Healthcare, Chemicals & Energy, Food & Beverage, Retail, Other Applications).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Oxygen segment, which is expected to reach $46.5 Billion by 2030 with a CAGR of a 6%. The Nitrogen segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $29.4 Billion in 2024, and China, forecasted to grow at an impressive 9.5% CAGR to reach $35.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abrasive-Form, A-Gas International, Air Liquide SA, Air Products Inc., Air Products Sp. z o.o. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Gases Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Gases Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Gases Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 38 major companies featured in this Industrial Gases market report include:
- Abrasive-Form
- A-Gas International
- Air Liquide SA
- Air Products Inc.
- Air Products Sp. z o.o.
- Air Water, Inc.
- Alang Industrial Gases
- AP+M
- Ap2e
- B.I.G. Industries Berhad
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abrasive-Form
- A-Gas International
- Air Liquide SA
- Air Products Inc.
- Air Products Sp. z o.o.
- Air Water, Inc.
- Alang Industrial Gases
- AP+M
- Ap2e
- B.I.G. Industries Berhad
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 192 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 111 Billion |
| Forecasted Market Value ( USD | $ 157.2 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
