Market Overview:
The industrial gases market is experiencing rapid growth, driven by rising green hydrogen, specialty gases surge, and supply chain resilience.. According to IMARC Group’s latest research publication, “Industrial Gases Market Size, Share, Trends and Forecast by Type, Application, Supply Mode, and Region, 2025-2033”, The global industrial gases market size reached USD 109.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 158.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.13% from 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
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Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Factors Affecting the Growth of the Industrial Gases Industry:
- Rising Green Hydrogen
The drive for sustainable energy is increasing the demand for green hydrogen in the industrial gases market. Hydrogen is widely being adopted as a clean fuel and feedstock for manufacturing, chemicals, and transportation industries to meet growing decarbonization targets, with the shift influenced by increasing environmental regulations and corporate sustainability commitments. In addition, simply push for decarbonization will also create opportunities for the new technologies that produce hydrogen sustainably, like electrolyzers that use renewable energy. The growing demand for hydrogen fuel and its associated supply chains has the potential to increase the opportunity for gas suppliers to provide hydrogen as industries develop their hydrogen economy from fossil fuels. The location of demand related to transportation will create complexities and opportunities for industry participants across the supply chain. Overall, green hydrogen is destined to be one of the fastest growth markets for the industrial gases sector.
- Specialty Gases Surge
Specialty gases are on the rise due to increased demand from advanced technology sectors such as electronics, pharmaceuticals and aerospace, which require ultra-pure gases to be used for exacting applications such as semiconductor manufacture and medical diagnostics. With rapid technological evolution and consumer demand in sectors like 5G and artificial intelligence (AI) areas, as well as biotechnological applications, specialty gases have increased levels of growth and demand within the marketplace. Gas suppliers have invested in significant purification and delivery systems to meet stringent quality classifications. The development of specialty gases is also significantly focused upon with the demand coming from emerging markets for technology, especially Asia - whilst emerging market economies start to develop technological infrastructure they might have missed previously, specialty gases will become a focus of market growth.
- Supply Chain Resilience
The recent global supply chain disruptions have demonstrated the need for robust industrial gas networks. Industries, such as healthcare, food processing, and metallurgy, depend on consistent gas supplies for critical outputs. Companies are now looking to produce product locally and source from multiple vendors to win the competition for gas suppliers along with geopolitical and logistic disruptions in the supply chain. Through continued investments in gas storage infrastructure and digital solutions to manage the supply chain more efficiently and reliable, the focus on resilient supply pipelines and integrity will protect the ongoing availability of gas, continuing steady demand across necessary sectors, and incentivizing modes of new innovation in gas distribution strategies and warehousing.
Leading Companies Operating in the Industrial Gases Industry:
- Air Liquide S.A.
- Linde Group
- Air Products and Chemicals, Inc.
- Airgas, Inc.
Industrial Gases Market Report Segmentation:
By Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Nitrogen dominates the market due to its versatile applications in preservation and purging, safety advantages, and ongoing production technology advancements enhancing purity levels.
By Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Manufacturing leads the segment as industrial gases are essential for welding, cutting, and process optimization across multiple production industries.
By Supply Mode:
- Packaged
- Bulk
- On-site
Packaged gases hold significant share owing to their portability, convenience, and wide usage across diverse industrial and healthcare applications.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific accounts for the largest share, driven by rapid industrialization, manufacturing growth, and expanding healthcare infrastructure across emerging economies.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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