Global Industrial Gases
Market Report
2024
The global industrial gases market will be USD 109.4 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. This growth is fueled by rising demand from the healthcare, food and beverage, and electronics sectors.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial gases market will be USD 109.4 billion in 2024 and expand at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Industrial Gases Market Sales Revenue 2024 | $ 109.4 Billion |
Global Industrial Gases Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Type |
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Market Split by End-use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Industrial Gases industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Industrial Gases Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Industrial gases encompass a diverse range of gases produced and sold for various industrial applications, including manufacturing, processing, and healthcare. These gases are typically produced through processes like air separation, where components of air such as nitrogen, oxygen, and argon are separated and purified for specific industrial uses. Industrial gases play crucial roles in sectors such as metal fabrication, chemicals, healthcare, electronics, and food processing, where they are used for welding, cutting, chemical synthesis, medical gases, semiconductor manufacturing, and packaging applications. The market for industrial gases has been experiencing steady growth globally, driven by increasing industrialization, technological advancements in manufacturing processes, and a growing demand for specialty gases tailored to specific industrial applications. Moreover, stringent regulations promoting environmental sustainability and safety in industrial operations are also contributing factors to market expansion. As industries continue to innovate and develop, the demand for industrial gases is expected to rise, particularly in emerging economies witnessing rapid industrial growth.
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In May 2024, Linde announced it had signed a long-term agreement with H2 Green Steel to supply industrial gases to the world’s first large-scale green steel production plant. Linde invested approximately $150 million to build, own, and operate an on-site air separation unit (ASU) in Boden, northern Sweden. (Source: https://www.linde.com/news-and-media/2024/linde-signs-agreement-to-supply-industrial-gases-to-world%E2%80%99s-first-large-scale-green-steel-plant)
Top Companies Market Share in Industrial Gases Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America has emerged as the dominant region in the industrial gases market, driven by strong demand from sectors such as healthcare, manufacturing, and electronics. The region's advanced infrastructure and technological expertise contribute to its leadership position in the industry.
Asia-Pacific is the fastest-growing region in the industrial gases market, propelled by rapid industrialization, expanding manufacturing activities, and increasing investments in sectors like healthcare and electronics. The region's burgeoning automotive and construction industries also contribute significantly to the growing demand for industrial gases, particularly for welding and metal fabrication applications.
The current report Scope analyzes Industrial Gases Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Industrial Gases Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Gases Industry growth. Industrial Gases market has been segmented with the help of its Type, End-use Industry , and others. Industrial Gases market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Type of Industrial Gases analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Gases Industry. Request a Free Sample PDF!
According to cognitive market research, the food and beverages sector commands a substantial market share in the industrial gases industry, relying heavily on gases like nitrogen, carbon dioxide, and oxygen. These gases are essential for food preservation, packaging, chilling, and carbonation processes across the production and distribution chain. From extending shelf life and maintaining product freshness to ensuring safe packaging and efficient processing, industrial gases play a critical role in meeting the sector's stringent quality standards and regulatory requirements, thus driving their widespread adoption in food and beverage applications globally .
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Industrial Gases market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
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I am a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis, I thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making. My analytical mindset, coupled with effective communication skills, allows me to bridge the gap between data analysis and practical business applications.
I served as a key player in market research and competitive analysis. I have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. Collaborating across departments, I played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives. I am committed to ongoing professional development, participating in industry conferences, workshops, and pursuing additional certifications to stay at the forefront of research methodologies.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Gases Market is witnessing significant growth in the near future.
In 2023, the Oxygen segment accounted for noticeable share of global Industrial Gases Market and is projected to experience significant growth in the near future.
The Chemicals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Air Liquide (France) , Air Products & Chemicals and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Inert Gases, Other Types (Ammonia, Methane, Butane, and Propane) |
End-use Industry | Chemicals, Electronics, Food and Beverages, Healthcare, Manufacturing, Metallurgy, Refining, Other End-Use Industries (Mining, Water & Wastewater Treatment, and Agriculture) |
List of Competitors | Air Liquide (France), Linde plc (England), Air Products & Chemicals, Inc. (US), Messer SE & Co. KGaA (Germany), Nippon Sanso Holdings Corp. (Japan) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Gases. Further deep in this chapter, you will be able to review Global Industrial Gases Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Industrial Gases Market Trends North America Industrial Gases Technological Road Map North America Industrial Gases Market Drivers North America Industrial Gases Market Restraints North America Industrial Gases Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End-use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Gases market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Oxygen have a significant impact on Industrial Gases market? |
What are the key factors affecting the Oxygen and Nitrogen of Industrial Gases Market? |
What is the CAGR/Growth Rate of Chemicals during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Gases Market? |
Which region is expected to dominate the global Industrial Gases Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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