Product Code: ETC13256496 | 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 Gases Market was valued at USD 95 Billion in 2024 and is expected to reach USD 135 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).
The Global Industrial Gases Market is a dynamic and rapidly growing sector driven by the increasing demand from various industries such as healthcare, manufacturing, electronics, and food and beverage. Industrial gases, including oxygen, nitrogen, hydrogen, and carbon dioxide, are essential for a wide range of applications including welding, cutting, freezing, and packaging. The market is witnessing significant growth due to the expanding manufacturing sector in emerging economies, technological advancements, and the rising adoption of industrial gases for various processes. Key players in the market are investing in research and development activities to introduce innovative products and solutions, further fueling market growth. The market is also experiencing a shift towards sustainable practices with a focus on reducing carbon footprint and promoting eco-friendly industrial gas production methods.
The Global Industrial Gases Market is experiencing significant growth driven by the expanding manufacturing and healthcare industries, as well as the increasing demand for clean energy solutions. One prominent trend is the shift towards sustainable production methods and the adoption of eco-friendly gases like hydrogen and nitrogen. Another key opportunity lies in the growing applications of industrial gases in various sectors such as electronics, food and beverage, and pharmaceuticals. Additionally, the rise of additive manufacturing and advancements in healthcare technologies are creating new avenues for market expansion. Companies are focusing on innovation and strategic partnerships to capitalize on these trends and opportunities in the Global Industrial Gases Market.
The Global Industrial Gases Market faces several challenges, including intense competition among key players, fluctuating raw material prices, stringent regulatory requirements, and the high costs associated with production and transportation. Additionally, the market is highly fragmented, with numerous small and medium-sized companies competing for market share alongside major players. Rapid technological advancements and changing customer demands also present challenges for companies in this sector, requiring continuous innovation and investment in research and development. Furthermore, the industry`s reliance on various end-user industries such as manufacturing, healthcare, and energy sectors makes it susceptible to economic fluctuations and market uncertainties, further adding complexity to the challenges faced by companies operating in the Global Industrial Gases Market.
The Global Industrial Gases Market is primarily driven by the increasing demand from end-use industries such as healthcare, food and beverage, automotive, and manufacturing. The growing need for industrial gases in various applications such as welding, cutting, freezing, and packaging is fueling market growth. Additionally, the rising adoption of industrial gases for environmental sustainability initiatives and stringent regulations promoting the use of clean energy sources are contributing to the market expansion. Technological advancements in gas production and distribution methods, along with the increasing focus on enhancing operational efficiency and reducing production costs, are further propelling the market forward. Moreover, the growing industrialization and urbanization in emerging economies are creating lucrative opportunities for market players to expand their presence and cater to the increasing demand for industrial gases.
Government policies related to the Global Industrial Gases Market often focus on environmental regulations, safety standards, and trade agreements. Many countries have implemented stringent regulations to control emissions and ensure the safe handling of industrial gases to minimize environmental impact and protect public health. Additionally, trade agreements and tariffs can influence the movement of industrial gases across borders, impacting market dynamics and pricing. Governments may also provide incentives for the development of sustainable practices and technologies within the industrial gases sector. Overall, government policies play a significant role in shaping the operating environment for companies within the Global Industrial Gases Market by promoting responsible practices, ensuring compliance with regulations, and fostering innovation in the industry.
The Global Industrial Gases Market is expected to continue growing steadily in the coming years, driven by increasing demand from various end-use industries such as healthcare, manufacturing, and electronics. Key factors contributing to this growth include the rising need for industrial gases in applications such as welding, cutting, and metal fabrication, as well as the expanding healthcare sector requiring gases for medical treatments and diagnostics. Technological advancements and innovations in gas production and delivery systems are also anticipated to drive market expansion. Additionally, the growing emphasis on sustainability and environmental regulations is likely to boost the adoption of industrial gases as cleaner alternatives to traditional manufacturing processes. Overall, the Global Industrial Gases Market is poised for sustained growth and opportunities for market players to capitalize on these emerging trends.
In the Global Industrial Gases Market, Asia is expected to witness significant growth due to the increasing industrialization and infrastructure development in countries like China and India. North America is projected to dominate the market, driven by the presence of key players and technological advancements. Europe is anticipated to show steady growth, supported by strict environmental regulations and the emphasis on sustainable practices. The Middle East and Africa region is likely to experience moderate growth due to the expanding manufacturing sector and investments in infrastructure projects. Latin America is also expected to exhibit steady growth, driven by the growing demand for industrial gases in sectors like healthcare and food & beverage. Overall, the global industrial gases market is poised for growth across all regions, with each region contributing to the market expansion in its own unique way.
Global Industrial Gases 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 Gases Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Industrial Gases Market Revenues & Volume, 2021 & 2031F |
3.3 Global Industrial Gases Market - Industry Life Cycle |
3.4 Global Industrial Gases Market - Porter's Five Forces |
3.5 Global Industrial Gases Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Industrial Gases Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Industrial Gases Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Global Industrial Gases Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Industrial Gases Market Trends |
6 Global Industrial Gases Market, 2021 - 2031 |
6.1 Global Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Industrial Gases Market, Revenues & Volume, By Nitrogen, 2021 - 2031 |
6.1.3 Global Industrial Gases Market, Revenues & Volume, By Oxygen, 2021 - 2031 |
6.1.4 Global Industrial Gases Market, Revenues & Volume, By Carbon Dioxide, 2021 - 2031 |
6.1.5 Global Industrial Gases Market, Revenues & Volume, By Hydrogen, 2021 - 2031 |
6.1.6 Global Industrial Gases Market, Revenues & Volume, By Helium, 2021 - 2031 |
6.1.7 Global Industrial Gases Market, Revenues & Volume, By Argon, 2021 - 2031 |
6.1.8 Global Industrial Gases Market, Revenues & Volume, By Ammonia, 2021 - 2031 |
6.2 Global Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Industrial Gases Market, Revenues & Volume, By Chemical Processing and Refining, 2021 - 2031 |
6.2.3 Global Industrial Gases Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.2.4 Global Industrial Gases Market, Revenues & Volume, By Oil and Gas, 2021 - 2031 |
6.2.5 Global Industrial Gases Market, Revenues & Volume, By Metal Manufacturing and Fabrication, 2021 - 2031 |
6.2.6 Global Industrial Gases Market, Revenues & Volume, By Medical and Pharmaceutical, 2021 - 2031 |
6.2.7 Global Industrial Gases Market, Revenues & Volume, By Automotive and Transportation, 2021 - 2031 |
6.2.8 Global Industrial Gases Market, Revenues & Volume, By Energy and Power, 2021 - 2031 |
6.2.9 Global Industrial Gases Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Industrial Gases Market, Overview & Analysis |
7.1 North America Industrial Gases Market Revenues & Volume, 2021 - 2031 |
7.2 North America Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
8 Latin America (LATAM) Industrial Gases Market, Overview & Analysis |
8.1 Latin America (LATAM) Industrial Gases Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
9 Asia Industrial Gases Market, Overview & Analysis |
9.1 Asia Industrial Gases Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
10 Africa Industrial Gases Market, Overview & Analysis |
10.1 Africa Industrial Gases Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
11 Europe Industrial Gases Market, Overview & Analysis |
11.1 Europe Industrial Gases Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
12 Middle East Industrial Gases Market, Overview & Analysis |
12.1 Middle East Industrial Gases Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Industrial Gases Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Industrial Gases Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Industrial Gases Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Industrial Gases Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
13 Global Industrial Gases Market Key Performance Indicators |
14 Global Industrial Gases Market - Export/Import By Countries Assessment |
15 Global Industrial Gases Market - Opportunity Assessment |
15.1 Global Industrial Gases Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Industrial Gases Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Industrial Gases Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
16 Global Industrial Gases Market - Competitive Landscape |
16.1 Global Industrial Gases Market Revenue Share, By Companies, 2024 |
16.2 Global Industrial Gases Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |