
Study Period | 2019 - 2030 |
Market Volume (2025) | 1.74 Billion tons |
Market Volume (2030) | 2.16 Billion tons |
CAGR | 4.35 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Industrial Gases Market Analysis
The Industrial Gas Market size is estimated at 1.74 billion tons in 2025, and is expected to reach 2.16 billion tons by 2030, at a CAGR of 4.35% during the forecast period (2025-2030).
The industrial gas sector is experiencing significant transformation driven by broader industrial evolution and sustainability initiatives. According to BASF's 2022 report, global chemical production is expected to increase by 2.0% in 2023, indicating robust demand from key end-user industries. Major industrial gas companies are expanding their production capabilities to meet this growing demand, with industry leader Linde announcing plans to invest USD 50 billion globally in 2023. The industry is witnessing substantial infrastructure development, particularly in Asia, where Air Liquide announced the construction of three new plants in Taiwan to serve semiconductor manufacturers, demonstrating the sector's response to evolving market demands.
The market is experiencing a notable shift toward sustainable and efficient production methods, particularly in traditional heavy industries. According to the World Steel Association, global steel demand contracted by 2.3% year-over-year in 2022, prompting industrial gas suppliers to diversify their offerings and optimize their production processes. Companies are increasingly focusing on developing low-carbon solutions and implementing advanced technologies for gas distribution and production, reflecting the industry's commitment to environmental sustainability while maintaining operational efficiency.
The energy sector continues to be a crucial driver for industrial gas demand, with significant developments in oil and gas applications. The International Energy Agency projects global oil consumption to reach 104.1 million barrels per day by 2026, necessitating increased industrial gas supply for various processes including enhanced oil recovery and refining operations. This growth is complemented by the rising adoption of industrial gases in emerging applications such as water treatment, electronics manufacturing, and specialized industrial processes.
The healthcare and pharmaceutical sectors represent increasingly important markets for industrial gas manufacturers. According to AstraZeneca's projections, pharmaceutical sales in North America alone are expected to reach USD 633 billion by 2024, indicating substantial growth potential for medical gas. This trend is evidenced by recent developments such as NovaAir Technologies' announcement to construct a medical gas and industrial gases plant in Karnataka, India, starting July 2023, highlighting the industry's response to growing healthcare sector demands and the increasing integration of industrial gases in medical applications.
Industrial Gases Market Trends
Growing Need for Alternate Energy Sources
Industrial gases are playing an increasingly critical role in the transition toward alternative energy sources, with industrial hydrogen emerging as a particularly promising solution. According to the International Energy Agency's 2022 Global Hydrogen Review, hydrogen demand could reach approximately 115-130 Mt by 2030, compared to about 94 Mt in 2021, highlighting the significant growth potential in this sector. The versatility of hydrogen as a clean fuel is demonstrated through its various applications, from fuel cells generating electricity to powering vehicles, with companies like DHL already operating 'H2 panel vans' capable of traveling 500 kilometers without refueling.
Industrial gases such as industrial nitrogen are also proving essential in renewable energy applications, particularly in wind turbine energy systems. Nitrogen's inert properties make it ideal for wind turbine operations, as it doesn't absorb moisture and won't combust or create environmental hazards. Additionally, ammonia is gaining recognition as a flexible long-term energy carrier and zero-carbon fuel, with organizations like the International Energy Agency (IEA), Committee on Climate Change (CCC), and International Chamber of Shipping (ICS) acknowledging its potential to supplement hydrogen in large power production systems, heavy trucks, and long-distance transportation vehicles.
Increasing Demand for Frozen and Stored Food
The frozen food industry has witnessed substantial growth, driving increased demand for industrial gases like nitrogen, carbon dioxide, and oxygen, which are essential for food preservation and freezing processes. According to the German Frozen Institute, frozen foods generated revenues of approximately EUR 19.54 billion in 2022, a significant increase from EUR 15.92 billion in the previous year. In the United States, frozen novelties emerged as the largest frozen food category, with sales exceeding USD 1.5 billion by July 2022, demonstrating the robust demand for frozen food products and, consequently, the industrial gases used in their production and preservation.
Industrial gases have revolutionized food preservation techniques through innovative solutions such as Modified Atmosphere Packaging (MAP) and Controlled Atmosphere Storage (CAS). Carbon dioxide and nitrogen are particularly crucial in these applications, with CO2 being used in MAP to create a protective environment that inhibits microbial growth and oxidation, while nitrogen is employed in CAS to slow the ripening process of vegetables and fruits. These gases also serve multiple functions in the food industry, including quick freezing, cooling, humidity control for dried foods, and wine treatment, contributing to extended product shelf life and maintained food quality during storage and transportation.
Increasing Demand from the Healthcare Sector
The healthcare sector's growing sophistication and expansion have significantly increased the demand for medical gases across various medical applications. According to SelectUSA, the US medical device market, the largest globally, is valued at USD 156 billion and is projected to reach USD 208 billion by 2023, indicating substantial growth potential for industrial gas applications in medical equipment and procedures. Industrial gases play crucial roles in various healthcare applications, from operating medical devices to supporting patient care, with gases like industrial oxygen being essential for respiratory treatments and helium being critical for cooling MRI machines.
The pharmaceutical manufacturing sector has also become a major consumer of specialty gases, utilizing them for various purposes including production processes, testing, sterilization, and packaging. High-purity industrial gases are increasingly being used as analytical agents to calibrate medical devices and diagnose patients, as therapeutic agents for treating illnesses, as atmosphere regulators in controlled environments, and as power sources for dental and surgical tools. The development of medical technologies has particularly propelled the demand for specialty gases, with applications ranging from cryogenic storage of biological materials to the operation of sophisticated medical equipment and the manufacture of pharmaceutical products.
Segment Analysis: Product Type
Oxygen Segment in Industrial Gas Market
The industrial oxygen segment continues to dominate the global industrial gas market, holding approximately 32% of the total market share in 2024. This significant market position is primarily driven by its extensive applications across various industries, particularly in the steel manufacturing sector, where it is crucial for improving combustion efficiency and removing impurities. The segment's dominance is further strengthened by its growing demand in healthcare applications, water treatment processes, and chemical manufacturing. Additionally, the increasing adoption of industrial oxygen in emerging applications such as wastewater treatment, metal fabrication, and glass manufacturing has contributed to maintaining its leading position in the market.

Nitrogen Segment in Industrial Gas Market
The industrial nitrogen segment is projected to exhibit the highest growth rate of approximately 5% during the forecast period 2024-2029. This robust growth is attributed to its expanding applications in the food and beverage industry for packaging and freezing applications, as well as its increasing use in the electronics sector for creating inert atmospheres during semiconductor manufacturing. The segment's growth is further propelled by the rising demand from the pharmaceutical industry for drug manufacturing and storage, coupled with its essential role in the chemical processing sector for various applications, including blanketing and purging operations. The automotive and aerospace industries are also contributing to this growth through increased usage in heat treatment processes and tire inflation applications.
Remaining Segments in Product Type
The other significant segments in the industrial gas market include industrial carbon dioxide, industrial hydrogen, industrial helium, argon, ammonia, methane, propane, and butane, each serving unique industrial applications. Industrial carbon dioxide finds extensive use in the food and beverage industry for carbonation and freezing applications, while industrial hydrogen is gaining prominence in clean energy applications and chemical processing. Industrial helium remains crucial for cryogenic applications and MRI cooling, while argon is essential in welding and metal fabrication processes. Ammonia serves as a key component in fertilizer production and refrigeration applications, while methane, propane, and butane are vital in various heating and fuel applications across industries.
Segment Analysis: End-User Industry
Chemical Processing and Refining Segment in Industrial Gas Market
The Chemical Processing and Refining segment continues to dominate the industrial gas market, commanding approximately 20% of the total market share in 2024. This significant market position is driven by the extensive use of industrial gases in various chemical processes, including hydrodesulfurization, hydrodealkylation, hydro-sulfuration, and hydro-treatment. The segment's prominence is further strengthened by the growing investments in chemical manufacturing facilities globally, particularly in Asia-Pacific, where major expansions are underway. For instance, BASF's EUR 10 billion petrochemical plant in Guangdong and Shanghai Chemical Industry Park Industrial Gases Co. Ltd's investment of over EUR 200 million in hydrogen production units demonstrate the robust growth in this sector.
Food and Beverage Segment in Industrial Gas Market
The Food and Beverage segment is emerging as the fastest-growing sector in the industrial gas market, projected to expand at approximately 5% during 2024-2029. This remarkable growth is primarily attributed to the increasing demand for frozen and stored food products, where industrial gases play crucial roles in preservation, packaging, and transportation. The segment's growth is particularly driven by the rising adoption of Modified Atmosphere Packaging (MAP) and Controlled Atmosphere Storage (CAS) technologies, which utilize various industrial gases to extend product shelf life. The expansion of food retail chains by multinationals and the growth in international trade have also led to an increased demand for cold chain processes, further boosting the segment's growth trajectory.
Remaining Segments in End-User Industry
The industrial gas market encompasses several other significant segments including Electronics, Metal Manufacturing and Fabrication, Medical and Pharmaceutical, Automotive and Transportation, Energy and Power, and Oil and Gas. The Electronics segment is witnessing substantial growth due to increasing demand in semiconductor manufacturing and technological advancements. The Medical and Pharmaceutical sector's importance has been heightened by growing healthcare needs and pharmaceutical manufacturing. Metal Manufacturing and Fabrication continues to be a crucial segment, particularly in developing economies. The Automotive and Transportation sector is evolving with the transition to cleaner fuels, while the Energy and Power segment's dynamics are shifting with the growing focus on renewable energy sources. The Oil and Gas segment remains vital for various processes, including enhanced oil recovery and refining operations.
Industrial Gas Market Geography Segment Analysis
Industrial Gas Market in Asia-Pacific
The Asia-Pacific region represents the largest and most dynamic industrial gas market globally, encompassing major economies like China, India, Japan, South Korea, and the ASEAN countries. The region's industrial gas industry is driven by rapid industrialization, expanding manufacturing bases, and significant investments in infrastructure development. Key growth drivers include the burgeoning electronics industry, rising healthcare sector demands, and increasing adoption of industrial gases in food processing and metal fabrication applications. The presence of major global industrial gas companies along with strong local players has created a competitive marketplace with continuous technological advancements and service improvements.

Industrial Gas Market in China
China dominates the Asia-Pacific industrial gas market landscape as the largest market, benefiting from its extensive manufacturing base and robust industrial infrastructure. The country accounts for approximately 57% of the region's industrial gas market share in 2024. China's industrial gas sector is supported by significant investments in semiconductor manufacturing, healthcare infrastructure, and environmental protection initiatives. The country's commitment to reducing carbon emissions has led to increased demand for industrial gases in clean energy applications. The presence of both international and domestic players has created a competitive market environment, with continuous expansion in production capacities and distribution networks.
Industrial Gas Market in India
India emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 6% during 2024-2029. The country's industrial gas industry is experiencing rapid expansion driven by increasing industrialization, growing healthcare infrastructure, and rising demand from the food and beverage sector. India's government initiatives promoting manufacturing through programs like 'Make in India' and the development of industrial corridors have created substantial opportunities for gas distribution suppliers. The market is witnessing significant investments in production facilities and distribution infrastructure, particularly in regions with high industrial concentration.
Industrial Gas Market in North America
North America represents a mature and technologically advanced industrial gas market, comprising the United States, Canada, and Mexico. The region's market is characterized by high adoption rates of industrial gases across various sectors, including healthcare, chemicals, and electronics manufacturing. The presence of major industrial gas companies, extensive gas distribution networks, and strong regulatory frameworks ensures reliable supply chains. The region's focus on reducing carbon emissions and increasing adoption of clean energy solutions has created new opportunities for industrial gas applications.
Industrial Gas Market in United States
The United States stands as the dominant force in North America's industrial gas market, commanding approximately 81% of the region's market share in 2024. The country's robust manufacturing sector, extensive healthcare infrastructure, and significant investments in research and development drive continuous demand for industrial gases. The US market benefits from advanced distribution infrastructure, strong technological capabilities, and increasing applications in emerging sectors such as semiconductor manufacturing and renewable energy.
Industrial Gas Market in Canada
Canada emerges as the fastest-growing market in North America, with an expected growth rate of approximately 5% during 2024-2029. The country's industrial gas industry is driven by expanding manufacturing activities, increasing investments in healthcare infrastructure, and growing demand from the food and beverage industry. Canada's focus on clean energy initiatives and environmental sustainability has created new opportunities for industrial gas applications, particularly in hydrogen fuel cell technology and carbon capture solutions.
Industrial Gas Market in Europe
Europe represents a sophisticated industrial gas market with a strong presence across Germany, the United Kingdom, France, Italy, and the Nordic countries. The region's market is characterized by high technological advancement, strict regulatory standards, and a significant focus on environmental sustainability. The European industrial gas sector is witnessing transformation driven by the region's ambitious climate goals and increasing adoption of clean energy solutions.
Industrial Gas Market in Germany
Germany stands as the largest industrial gas market in Europe, supported by its robust manufacturing sector, extensive chemical industry, and advanced healthcare infrastructure. The country's industrial gas sector benefits from strong technological capabilities, extensive distribution networks, and an increasing focus on sustainable solutions. Germany's leadership in industrial automation and Industry 4.0 initiatives continues to drive innovation in industrial gas applications.
Industrial Gas Market in United Kingdom
The United Kingdom emerges as the fastest-growing industrial gas market in Europe, driven by increasing investments in healthcare infrastructure, growing demand from the food and beverage sector, and expanding applications in clean energy solutions. The UK market is characterized by a strong focus on technological innovation, particularly in areas such as hydrogen fuel development and carbon capture technologies. The country's commitment to reducing carbon emissions has created new opportunities for industrial gas applications.
Industrial Gas Market in South America
The South American industrial gas market, primarily represented by Brazil and Argentina, demonstrates significant growth potential driven by increasing industrialization and expanding manufacturing activities. Brazil emerges as both the largest and fastest-growing market in the region, supported by its robust manufacturing sector and increasing investments in healthcare infrastructure. The region's industrial gas sector is witnessing modernization with a growing focus on efficiency and environmental sustainability.
Industrial Gas Market in Middle East & Africa
The Middle East & Africa industrial gas market, with key markets in Saudi Arabia and South Africa, shows promising growth potential driven by increasing industrialization and infrastructure development. Saudi Arabia represents the largest market in the region, while also showing the fastest growth rate, supported by significant investments in manufacturing, healthcare, and petrochemical sectors. The region's industrial gas sector is witnessing transformation with an increasing focus on technological advancement and environmental sustainability.
Industrial Gases Industry Overview
Top Companies in Industrial Gas Market
The industrial gas market is characterized by companies focusing heavily on innovation and technological advancement, particularly in green hydrogen production and sustainable gas solutions. Major industrial gas companies are investing significantly in research and development to develop more efficient production methods and environmentally friendly alternatives. Operational excellence is being achieved through the digitalization of production processes, smart manufacturing initiatives, and optimization of distribution networks. Companies are pursuing strategic partnerships and joint ventures, especially in emerging markets, to strengthen their market presence and expand their product portfolios. Geographic expansion strategies are primarily focused on high-growth regions in Asia-Pacific, with particular emphasis on China and India, while simultaneously strengthening existing positions in mature markets through facility modernization and capacity expansions.
Consolidated Market Led By Global Giants
The industrial gas market exhibits a highly consolidated structure, dominated by a small number of multinational corporations with extensive global footprints. These industry leaders have established themselves through decades of operational expertise, substantial infrastructure investments, and strategic acquisitions of regional players. The market is characterized by high entry barriers due to the capital-intensive nature of operations, stringent safety regulations, and the need for sophisticated distribution networks. Merger and acquisition activities are primarily focused on vertical integration and geographic expansion, with larger players acquiring regional specialists to enhance their local market presence and technical capabilities.
The competitive dynamics are shaped by long-term supply contracts with major end-users, creating stable revenue streams but limiting market fluidity. Local players maintain significance in specific regions through specialized product offerings and strong customer relationships, though their industrial gas market share remains limited compared to global leaders. The industry has witnessed a trend of consolidation through strategic partnerships and joint ventures, particularly in emerging markets where local expertise is crucial for market penetration and regulatory compliance.
Innovation and Sustainability Drive Future Success
Success in the industrial gas industry increasingly depends on companies' ability to align with sustainability goals while maintaining operational efficiency. Market leaders are investing in green technologies, particularly in renewable energy-powered production facilities and carbon capture solutions, to meet growing environmental concerns. Customer relationship management and service customization are becoming crucial differentiators, with successful companies developing integrated solutions that address specific industry needs. The ability to provide reliable supply chains and maintain safety standards while offering competitive pricing remains fundamental to market success.
For new entrants and smaller players, success lies in identifying and serving niche markets or specific geographic regions where larger players may have limited presence. The development of specialized applications and focus on emerging industries, such as electronics and healthcare, presents opportunities for market penetration. Regulatory compliance, particularly regarding environmental standards and safety protocols, is becoming increasingly important for maintaining market position. Companies must also consider the growing influence of end-user industries in driving market dynamics, with customers increasingly demanding sustainable and cost-effective solutions. The industrial gas industry analysis indicates that the development of specialized applications and focus on emerging industries, such as electronics and healthcare, presents opportunities for market penetration.
Industrial Gases Market Leaders
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Air Liquide
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Messer Group GmbH
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Air Products Inc.
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Linde PLC
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Nippon Sanso Holdings Corporation
- *Disclaimer: Major Players sorted in no particular order

Industrial Gases Market News
- April 2023: Nippon Gases Operations, a division of Nippon Gases Italia, announced the signing of an agreement with Enel Green Power Italia to construct a new plant for the reuse, purification, and liquefaction of CO2, naturally present in the geothermal fluids of the Piancastagnaio power plants in the province of Siena for food purposes. The significant investment is part of a series of operations planned by the company in Italy to improve production capacity, competitiveness, and customer closeness, emphasizing long-term growth.
- January 2023: Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation, announced the acquisition of a leading manufacturer and distributor of bulk liquid industrial gases, Aspen Air US, LLC. The acquisition marks the entrance into the United States Industrial Gases sector and illustrates the expansion focus for this business segment.
Industrial Gases Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Need for Alternate Energy Sources
- 4.1.2 Increasing Demand For Frozen and Stored Food
- 4.1.3 Increasing Demand from the Healthcare Sector
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4.2 Restraints
- 4.2.1 Environmental Regulations and Safety Issues
- 4.2.2 Other Restraints
- 4.3 Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size by Volume)
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5.1 Product Type
- 5.1.1 Nitrogen
- 5.1.2 Oxygen
- 5.1.3 Carbon dioxide
- 5.1.4 Hydrogen
- 5.1.5 Helium
- 5.1.6 Argon
- 5.1.7 Ammonia
- 5.1.8 Methane
- 5.1.9 Propane
- 5.1.10 Butane
- 5.1.11 Other Product Types
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5.2 End-user Industry
- 5.2.1 Chemical Processing and Refining
- 5.2.2 Electronics
- 5.2.3 Food and Beverage
- 5.2.4 Oil and Gas
- 5.2.5 Metal Manufacturing and Fabrication
- 5.2.6 Medical and Pharmaceutical
- 5.2.7 Automotive and Transportation
- 5.2.8 Energy and Power
- 5.2.9 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 ASEAN Countries
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 NORDIC Countries
- 5.3.3.6 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Air Liquide
- 6.4.2 Air Products and Chemicals Inc.
- 6.4.3 Asia Technical Gas Co Pte Ltd.
- 6.4.4 BASF SE
- 6.4.5 Bhuruka Gases Limited
- 6.4.6 Ellenbarrie industrial Gases
- 6.4.7 Gruppo SIAD
- 6.4.8 Iwatani Corporation
- 6.4.9 Linde PLC
- 6.4.10 Messer Group GmbH
- 6.4.11 Nippon Sanso Holdings Corporation
- 6.4.12 PT Samator Indo Gas TBK
- 6.4.13 Sapio Group
- 6.4.14 SOL SPA
- 6.4.15 Yingde Gases Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand for Low-Carbon Gases in the Coming Years
Industrial Gases Industry Segmentation
Industrial gases mainly comprise carbon dioxide, carbon monoxide, hydrogen, argon, nitrogen, oxygen, helium, and krypton-xenon. The atmospheric gases like oxygen, nitrogen, and argon are captured by reducing the air temperature until the components are liquified and separated. The industrial gas market is segmented by product type, end-user industry, and geography. The market is segmented by product type into nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and other types. The end-user industry segments the market into chemical processing and refining, electronics, food and beverage, oil and gas, metal manufacturing and fabrication, medical and pharmaceutical, automotive and transportation, energy and power, and other end-user industries. The report also covers the market size and forecasts for the industrial gas market in 17 countries across major regions. Each segment's market sizing and forecasts are based on volume (tons).
Product Type | Nitrogen | ||
Oxygen | |||
Carbon dioxide | |||
Hydrogen | |||
Helium | |||
Argon | |||
Ammonia | |||
Methane | |||
Propane | |||
Butane | |||
Other Product Types | |||
End-user Industry | Chemical Processing and Refining | ||
Electronics | |||
Food and Beverage | |||
Oil and Gas | |||
Metal Manufacturing and Fabrication | |||
Medical and Pharmaceutical | |||
Automotive and Transportation | |||
Energy and Power | |||
Other End-user Industries | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
ASEAN Countries | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
NORDIC Countries | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Rest of South America | |||
Middle-East and Africa | Saudi Arabia | ||
South Africa | |||
Rest of Middle-East and Africa |
Industrial Gases Market Research FAQs
How big is the Industrial Gas Market?
The Industrial Gas Market size is expected to reach 1.74 billion tons in 2025 and grow at a CAGR of 4.35% to reach 2.16 billion tons by 2030.
What is the current Industrial Gas Market size?
In 2025, the Industrial Gas Market size is expected to reach 1.74 billion tons.
Who are the key players in Industrial Gas Market?
Air Liquide, Messer Group GmbH, Air Products Inc., Linde PLC and Nippon Sanso Holdings Corporation are the major companies operating in the Industrial Gas Market.
Which is the fastest growing region in Industrial Gas Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Industrial Gas Market?
In 2025, the Asia Pacific accounts for the largest market share in Industrial Gas Market.
What years does this Industrial Gas Market cover, and what was the market size in 2024?
In 2024, the Industrial Gas Market size was estimated at 1.66 billion tons. The report covers the Industrial Gas Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Industrial Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Industrial Gas Market Research
Mordor Intelligence provides a comprehensive analysis of the industrial gas industry. We leverage our extensive expertise in the gas processing industry for research and consulting. Our detailed report covers the complete spectrum of industrial gas applications. This includes segments such as compressed gas, cylinder gas, and liquefied gas. The analysis encompasses key sectors like medical gas, specialty gas, commercial gas, and cryogenic gas applications. We particularly focus on major products, including industrial oxygen, industrial nitrogen, industrial argon, and industrial hydrogen.
Our report, available as an easy-to-read PDF download, provides stakeholders with crucial insights into gas distribution systems, bulk gas operations, and technical gas applications. The comprehensive analysis covers industrial gas companies across the value chain, from manufacturing gas operations to end-user industries. The report examines process gas dynamics and includes detailed sections on industrial helium, industrial carbon dioxide, and industrial acetylene markets. Stakeholders benefit from our thorough industrial gas industry analysis, which includes market size assessments, growth projections, and competitive intelligence. This supports strategic decision-making across the gas processing market.