Global Industrial Gases Market Size Study, by Type, by End Use Industry, and Regional Forecasts 2022-2032

Description

The Global Industrial Gases Market, valued at approximately USD 105.6 billion in 2023, is projected to grow at a healthy CAGR of 5.50% during the forecast period from 2024 to 2032, reaching an impressive market size of USD 170.98 billion by 2032. Industrial gases, including oxygen, nitrogen, hydrogen, and carbon dioxide, play a critical role in enabling a variety of industrial processes. From supporting combustion in manufacturing to preserving food and driving medical innovations, these gases are indispensable across diverse sectors.

The burgeoning demand for cleaner energy solutions and the push toward green technologies are propelling the adoption of hydrogen and other inert gases. Industries are increasingly leveraging cutting-edge technologies to improve gas production, distribution, and storage efficiency. For instance, advancements in cryogenic air separation and membrane gas separation technologies are redefining the market landscape, enabling cost-effective production with reduced environmental footprints.

Challenges such as fluctuating raw material costs and stringent environmental regulations pose potential roadblocks. However, the growing investments in sustainable manufacturing practices and renewable energy projects are set to mitigate these challenges. Collaborative efforts between industry leaders and research institutions are paving the way for innovative applications, including the development of hydrogen fuel cells and carbon capture systems.

Regional insights underscore the dominance of Asia Pacific, driven by the rapid industrialization in economies like China and India. The region's robust manufacturing sector, combined with increasing investments in healthcare and infrastructure, fuels demand for industrial gases. North America and Europe follow closely, with significant advancements in hydrogen technology and a strong focus on sustainability. Meanwhile, emerging markets in Latin America and Middle East & Africa present lucrative opportunities as industrialization and infrastructure development continue to expand.

Major market players driving competition and innovation in the global industrial gases market include:

Linde plc
Air Liquide
Air Products and Chemicals, Inc.
Praxair Technology, Inc.
Taiyo Nippon Sanso Corporation
Messer Group GmbH
Gulf Cryo
Iwatani Corporation
Matheson Tri-Gas, Inc.
BASF SE
The Southern Gas Limited
Chart Industries, Inc.
Bhuruka Gases Limited
Goyal MG Gases Pvt. Ltd.
Ellenbarrie Industrial Gases Ltd.

The detailed segments and sub-segments of the market are explained below:

By Type:

Oxygen
Nitrogen
Hydrogen
Carbon Dioxide
Acetylene
Inert Gases

By End Use Industry:

Chemicals
Electronics
Food & Beverages
Healthcare
Manufacturing
Metallurgy
Refining

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts spanning a decade from 2022 to 2032.
Detailed analysis of revenue trends segmented by type and end-use industry.
Regional insights including country-level breakdowns of key markets.
Competitive landscape profiling major players and their strategies.
Insights into emerging opportunities and strategic recommendations for market stakeholders.
Assessment of demand-side and supply-side trends driving market growth.

Chapter 1. Global Industrial Gases Market Executive Summary

1.1. Global Industrial Gases Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Industrial Gases Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Industrial Gases Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Industrial-Grade Minerals
- 3.1.2. Advancements in Extraction Technologies
- 3.1.3. Growing Focus on Sustainable Practices
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Costs
- 3.2.2. Environmental Implications of Brine Disposal
3.3. Market Opportunities
- 3.3.1. Innovations in Material Science
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Government Initiatives for Infrastructure Development

Chapter 4. Global Industrial Gases Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Gases Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Gases Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Oxygen
- 5.2.2. Nitrogen
- 5.2.3. Hydrogen
- 5.2.4. Carbon Dioxide
- 5.2.5. Acetylene
- 5.2.6. Inert Gases

Chapter 6. Global Industrial Gases Market Size & Forecasts by End Use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Gases Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Chemicals
- 6.2.2. Electronics
- 6.2.3. Food & Beverages
- 6.2.4. Healthcare
- 6.2.5. Manufacturing
- 6.2.6. Metallurgy
- 6.2.7. Refining

Chapter 7. Global Industrial Gases Market Size & Forecasts by Region 2022-2032

7.1. North America Industrial Gases Market
- 7.1.1. U.S. Industrial Gases Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End Use Industry Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Industrial Gases Market
7.2. Europe Industrial Gases Market
- 7.2.1. U.K. Industrial Gases Market
- 7.2.2. Germany Industrial Gases Market
- 7.2.3. France Industrial Gases Market
- 7.2.4. Spain Industrial Gases Market
- 7.2.5. Italy Industrial Gases Market
- 7.2.6. Rest of Europe Industrial Gases Market
7.3. Asia-Pacific Industrial Gases Market
- 7.3.1. China Industrial Gases Market
- 7.3.2. India Industrial Gases Market
- 7.3.3. Japan Industrial Gases Market
- 7.3.4. Australia Industrial Gases Market
- 7.3.5. South Korea Industrial Gases Market
- 7.3.6. Rest of Asia Pacific Industrial Gases Market
7.4. Latin America Industrial Gases Market
- 7.4.1. Brazil Industrial Gases Market
- 7.4.2. Mexico Industrial Gases Market
- 7.4.3. Rest of Latin America Industrial Gases Market
7.5. Middle East & Africa Industrial Gases Market
- 7.5.1. Saudi Arabia Industrial Gases Market
- 7.5.2. South Africa Industrial Gases Market
- 7.5.3. Rest of Middle East & Africa Industrial Gases Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Linde plc
- 8.1.2. Air Liquide
- 8.1.3. Air Products and Chemicals, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Linde plc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Air Liquide
- 8.3.3. Air Products and Chemicals, Inc.
- 8.3.4. Praxair Technology, Inc.
- 8.3.5. Taiyo Nippon Sanso Corporation
- 8.3.6. Messer Group GmbH
- 8.3.7. Gulf Cryo
- 8.3.8. Iwatani Corporation
- 8.3.9. Matheson Tri-Gas, Inc.
- 8.3.10. BASF SE
- 8.3.11. The Southern Gas Limited
- 8.3.12. Chart Industries, Inc.
- 8.3.13. Bhuruka Gases Limited
- 8.3.14. Goyal MG Gases Pvt. Ltd.
- 8.3.15. Ellenbarrie Industrial Gases Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes