PUBLISHER: QYResearch | PRODUCT CODE: 1874395
PUBLISHER: QYResearch | PRODUCT CODE: 1874395
The global market for Industrial Gases was estimated to be worth US$ 5362 million in 2024 and is forecast to a readjusted size of US$ 6818 million by 2031 with a CAGR of 3.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Industrial Gases cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Industrial gas is a generic term for gases (liquefied gases) used widely in all industries for raw materials and intermediate materials in the manufacturing industry, or for quality improvement, energy saving and the safety in manufacturing processes. This does not include city gas (coal gas for domestic use) and LP gas that are mainly used for household energy. Medical gases used in hospitals are included among industrial gases.
The global industrial gases market is highly consolidated and dominated by major players such as:
Linde plc (Germany/Ireland): The world's largest, holding approximately 25-30% global market share.
Air Liquide (France): The leading player in Europe, ranked second globally.
Air Products & Chemicals (USA): A key supplier in the US and active in hydrogen energy.
Messer Group (Germany): A significant participant in European and Asian markets.
Market Prospects:
Hydrogen Energy & Clean Energy Growth: The rise of the hydrogen economy globally drives demand for hydrogen production, transport, and storage gases.
Booming Electronics High-Purity Gas Demand: Rapid development in semiconductors and new energy batteries spurs growth in the electronics specialty gas market.
Expansion in Healthcare Sector: Aging populations and improved healthcare systems increase medical gas consumption.
Green & Low-Carbon Process Adoption: Steel and chemical companies are adopting low-carbon gas technologies to reduce emissions.
Market Challenges:
High Capital Expenditure: Industrial gas plants require massive investments (often hundreds of millions of USD), posing high entry barriers.
Energy Cost Volatility: Fluctuations in electricity and steam prices directly impact gas production costs.
Environmental & Carbon Emission Pressures: Especially in China and Europe, gas producers face increasingly stringent carbon emission standards.
Technological Barriers: Significant R&D investment is required in ultra-high-purity gases and hydrogen-related sectors due to high technical barriers.
Regional Safety & Transportation Risks: Due to the special nature of gas products, transport and storage are costly and pose safety risks.
This report aims to provide a comprehensive presentation of the global market for Industrial Gases, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Industrial Gases by region & country, by Type, and by Application.
The Industrial Gases market size, estimations, and forecasts are provided in terms of sales volume (K Cbm) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Gases.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Industrial Gases manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Industrial Gases in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Industrial Gases in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.