Industrial Gases Market

Industrial Gases Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The industrial gases market was estimated to be US$ 103.10 Billion in 2022.

The industrial gases market is expected grow at a CAGR of 7.8% between 2023 to 2032.

The global industrial gases market is driven by several factors including the growing demand for energy-efficient technologies and sustainable practices, rapid industrialization and urbanization in developing countries, and growing demand for specialty gases in the healthcare industry.

The largest segment in the industrial gases market based on product is nitrogen. Nitrogen is widely used in many industries, including food processing, electronics, and chemicals.

Industrial gases are largely used in the Healthcare, Electronics, Hydrogen Energy, Metal fabrication, Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper and other applications.

North America is lead the global industrial gases market, due to the presence of major industrial sectors, such as chemicals, healthcare, and food and beverage, in the region.

The healthcare segment is the fastest-growing segment in the industrial gases market. The increasing prevalence of chronic diseases and the aging population have led to a growing demand for medical gases such as oxygen, nitrogen, and helium.

Air Liquide S.A., Air Products and Chemicals, Inc., Air Water Inc., Gulf Cryo, Iwatani Corporation, Linde plc, Messer Group GmbH, Novomer Inc., Praxair, Inc. (now a subsidiary of Linde plc), Sol Group Corporation, Taiyo Nippon Sanso Corporation, Taiyo Toyo Sanso Corporation, The Southern Gas Limited, Universal Industrial Gases, Inc., Yingde Gases Group Company Limited among others, are the major players in this industrial gases market.