Product Code: ETC13337472 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Industrial Gas Market was valued at USD 400 Billion in 2024 and is expected to reach USD 579.8 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Industrial Gas Market is a dynamic sector encompassing a wide range of gases used in various industries including manufacturing, healthcare, food and beverage, and electronics. The market is driven by the increasing demand for industrial gases in emerging economies, advancements in healthcare technology, and the growing adoption of gas-based energy sources. Key players in the market are investing in research and development to develop innovative gas solutions to meet the evolving needs of industries. Additionally, stringent regulations related to environmental protection and safety are prompting companies to focus on sustainable production and distribution practices. Overall, the Global Industrial Gas Market is expected to witness steady growth in the coming years due to the expanding industrial base and technological advancements.
The Global Industrial Gas Market is experiencing steady growth due to increasing demand from industries such as healthcare, manufacturing, and electronics. One of the key trends in the market is the rising adoption of industrial gases for various applications, including cryogenics, welding, and metal fabrication. Additionally, the shift towards sustainable and environmentally friendly practices is driving the demand for industrial gases that have minimal impact on the environment. Opportunities in the market lie in the development of new technologies for gas production and storage, as well as expanding into emerging markets in Asia-Pacific and Latin America. Overall, the Global Industrial Gas Market is poised for growth as industries continue to rely on these gases for their various processes and applications.
The Global Industrial Gas Market faces several challenges, including intense competition among key players, fluctuating raw material prices, and stringent regulations regarding environmental sustainability and safety. Market saturation in certain regions also poses a challenge, leading to pricing pressures and the need for innovative products and services to differentiate offerings. Additionally, the industry is impacted by economic uncertainties, geopolitical tensions, and disruptions in the supply chain, especially during global crises such as the COVID-19 pandemic. Adapting to evolving customer demands, technological advancements, and shifting market dynamics further complicates the landscape for industrial gas companies, requiring strategic planning and continuous investment in research and development to stay competitive and address these challenges effectively.
The Global Industrial Gas Market is primarily driven by the increasing demand from various end-use industries such as manufacturing, healthcare, food and beverage, and electronics. The growing need for industrial gases like hydrogen, oxygen, nitrogen, and carbon dioxide in manufacturing processes, as well as the rising demand for specialty gases in healthcare applications, are key factors fueling market growth. Additionally, the expanding metal fabrication and automotive industries are driving the demand for industrial gases for welding, cutting, and other applications. Furthermore, the growing emphasis on sustainable practices and environmental regulations is pushing industries to adopt industrial gases as cleaner alternatives to traditional fuels, further propelling market growth. Overall, the market is expected to continue growing due to these factors driving demand across various industry sectors.
Government policies related to the global industrial gas market vary by country but generally focus on promoting safety, sustainability, and competition within the industry. These policies often include regulations on the handling and transportation of industrial gases to ensure public safety, as well as measures to reduce greenhouse gas emissions and promote the use of renewable energy sources in gas production. Governments also implement policies to encourage innovation and investment in the industrial gas sector, such as tax incentives or funding for research and development initiatives. Additionally, some countries have specific regulations regarding the import and export of industrial gases to protect domestic industries while also promoting global trade and cooperation. Overall, government policies aim to create a fair and efficient market that supports the growth and development of the industrial gas industry while addressing environmental and safety concerns.
The Global Industrial Gas Market is poised for significant growth in the coming years due to increasing demand from various industries such as healthcare, manufacturing, food and beverage, and electronics. The market is expected to be driven by the growing need for industrial gases in processes like welding, cutting, and metal fabrication, as well as in environmental protection and healthcare applications. Moreover, advancements in technologies such as additive manufacturing and the development of alternative energy sources are expected to further boost the demand for industrial gases. The market is also likely to witness consolidation and strategic partnerships among key players to enhance their product offerings and expand their global presence. Overall, the Global Industrial Gas Market is forecasted to experience steady growth and innovation in the foreseeable future.
In the Global Industrial Gas Market, Asia is expected to lead in growth due to increasing industrialization and infrastructure development in countries like China and India. North America is anticipated to witness steady growth driven by expanding healthcare and manufacturing sectors. Europe is likely to experience moderate growth with a focus on sustainable practices and technological advancements. The Middle East and Africa region is projected to see growth due to investments in oil and gas exploration activities. Latin America is expected to show a steady increase in demand for industrial gases driven by the automotive and food and beverage industries. Overall, the industrial gas market is witnessing growth across all regions, with varying degrees of expansion influenced by factors such as economic developments, industrial activities, and regulatory initiatives.
Global Industrial Gas Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Industrial Gas Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Industrial Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Global Industrial Gas Market - Industry Life Cycle |
3.4 Global Industrial Gas Market - Porter's Five Forces |
3.5 Global Industrial Gas Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Industrial Gas Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Industrial Gas Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Industrial Gas Market Revenues & Volume Share, By Distribution Mode, 2021 & 2031F |
4 Global Industrial Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Industrial Gas Market Trends |
6 Global Industrial Gas Market, 2021 - 2031 |
6.1 Global Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Industrial Gas Market, Revenues & Volume, By Oxygen, 2021 - 2031 |
6.1.3 Global Industrial Gas Market, Revenues & Volume, By Nitrogen, 2021 - 2031 |
6.1.4 Global Industrial Gas Market, Revenues & Volume, By Carbon Dioxide, 2021 - 2031 |
6.2 Global Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Industrial Gas Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.3 Global Industrial Gas Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.2.4 Global Industrial Gas Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.3 Global Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Industrial Gas Market, Revenues & Volume, By Cylinders, 2021 - 2031 |
6.3.3 Global Industrial Gas Market, Revenues & Volume, By Bulk Transportation, 2021 - 2031 |
7 North America Industrial Gas Market, Overview & Analysis |
7.1 North America Industrial Gas Market Revenues & Volume, 2021 - 2031 |
7.2 North America Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
8 Latin America (LATAM) Industrial Gas Market, Overview & Analysis |
8.1 Latin America (LATAM) Industrial Gas Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
9 Asia Industrial Gas Market, Overview & Analysis |
9.1 Asia Industrial Gas Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
10 Africa Industrial Gas Market, Overview & Analysis |
10.1 Africa Industrial Gas Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
11 Europe Industrial Gas Market, Overview & Analysis |
11.1 Europe Industrial Gas Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
12 Middle East Industrial Gas Market, Overview & Analysis |
12.1 Middle East Industrial Gas Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Industrial Gas Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Industrial Gas Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Industrial Gas Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Industrial Gas Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Industrial Gas Market, Revenues & Volume, By Distribution Mode, 2021 - 2031 |
13 Global Industrial Gas Market Key Performance Indicators |
14 Global Industrial Gas Market - Export/Import By Countries Assessment |
15 Global Industrial Gas Market - Opportunity Assessment |
15.1 Global Industrial Gas Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Industrial Gas Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Industrial Gas Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Industrial Gas Market Opportunity Assessment, By Distribution Mode, 2021 & 2031F |
16 Global Industrial Gas Market - Competitive Landscape |
16.1 Global Industrial Gas Market Revenue Share, By Companies, 2024 |
16.2 Global Industrial Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |