Industrial Gases Market | Global Industry Report, 2031
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Industrial Gases Market
Report Id : TMR-GL-1140
Category : Chemicals & Materials
Published Date: 2022-02-22
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 Automotive & Transport  Food & Beverages
 Chemicals & Materials  Healthcare
 Consumer Goods & Services  IT & Telecom
 Electronics & Semiconductors  Packaging
 Energy & Natural Resources  Pharmaceutical
 Factory Automation  Heavy Engineering Equipment
 Defense
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Chemicals & Energy & 
Materials Natural Healthcare
Resource
s
Automotive Electronics & Food & 
& Transport Semiconducto Beverages
rs
Heavy 
Packaging Defense Engineerin
g 
Equipment 
Consumer 
Goods & Factory Pharmaceuti
Services Automationcal
Chemicals & 
Materials
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Systematic Research Approach
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Market profiling ascertain  overall market size, top industry players, top products, industry 
associations, etc.
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Formulating discussion guide guide to conduct expert and industry leaders
interviews
 Questionnaire design
3  In-depth interviews
TMR develops a list of industry players  Coverage across value chain
Developing list of respondents (manufacturers), distributors, retailers A
and industry experts Primary 
Researc  Key industry 
h experts
4 TMR conducts interviews with industry B Channel study
Data collection experts, industry players, distributors SOLUTION Desk  Developmentsand retailers Researc 
 Market dynamicsMarket participants h
C  Products
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Chemicals & 
Materials
Industrial Gases Market Analysis Follow us:
Industrial gases are specific gaseous materials produced for industrial purposes, with the most 
prominent ones being oxygen, nitrogen, carbon dioxide, helium, and hydrogen. Various other 
mixtures are also manufactured and provided as gas cylinders. A number of industries require 
these customized gases, including steel, oil & gas, chemicals & petrochemicals, biotechnology, 
medicine, environmental protection, and nuclear power. The market for the same is feeding off 
the prosperity of each of them. According to a business intelligence study by Transparency 
Market Research (TMR), the global industrial gases market is likely to expand at a notable 
CAGR of 6.1% during the  f orecast period of 2021 to 2031 and reach value of US$ 126.1 Bn by 
2031.
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Apart from the sustained demand from prospering end-use industries, the market for industrial 
gases is poised to gain traction from few new trends, such as increase in research and 
development activities for new application, inorganic expansion of production capacities of 
companies, mergers and acquisitions, adoption of integrated distribution channels, and 
innovation across industrial gas packaging. The growth in rubber manufacturing, automotive, 
and packaging industries is also a key driver of the market. On the other hand, stringent 
regulations that need to be complied with and threat of CO2 emission are retraining the market 
from attaining greater potential.
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Chemicals & Materials
Industrial Gases Market Analysis Follow us:
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Global Industrial Gases Market: Overview
 Asia Pacific is the most propitious of all the regions of the global industrial gases market and is expected to continue 
to be the fastest growing region of the market during the forecast period
 The largest share of industrial gases, by value, is held by the Asia Pacific region mainly due to the presence of a 
large population base and large demand for industrial gases in industries of the growing economies such as India, 
China, South Korea, and Singapore. The high market share of the industrial gases market in the region can be 
attributed mainly to the rapid industrialization in developing economies such as India, China, and Japan, which have 
a multitude of untapped opportunities.
 Major demand for industrial gases is observed in the booming healthcare, manufacturing, and electronics segments. 
This has resulted in the corresponding increase in demand for various gaseous mixtures (exotic ones include 
Neoquad – a mixture of helium, nitrogen, neon, and oxygen, and Argox – a mixture of argon and oxygen).
The Industrial Gases Market study provides an in-depth understanding.
By Region
 North America
 Europe
 Asia Pacific
 Middle East & Africa
 Latin America
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Chemicals & Materials
Industrial Gases Market
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C omprehensive SWOT analysis of established market players is provided in the report along with 
critical data including the sales strategy, marketing strategy and pricing strategy adopted by 
each market player.
Industrial Gases Market segments covered in the report:
By Product Type
 Hydrogen
 Nitrogen
 Oxygen
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The regional assessment section throws light on the market scenario in different geographies 
along with relevant graphs, figures, and list of tables.
leading companies
 Air Products & Chemicals Inc.
 Air Liquid SA
 Praxair Inc.
 Linde Group
 Sig Gases Berhad
 BASF SE
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Industrial Gases Market
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A sia Pacific a Significant Market for Industrial Gases
 Sudden surge in the use of specialty gases, primarily in food, electronics, and health care industries, has 
boosted the demand for industrial gases in growing economies. Emergency medical conditions empower 
countries such as India and China with a multitude of untapped opportunities.
 Growing awareness regarding environment protection from degradation and subsequent demand of clean 
energy has augmented the consumption of industrial gases in developing countries
 Rapid economic developments in south and central Asian countries and strong government initiatives 
undertaken to strengthen their respective economies have resulted in a rise of disposable income and 
awareness among consumers
 Usage of industrial gases is rising in steel, glass, oil and fiber optics sectors. Growth in these sectors in 
countries such as China, Japan, and India is propelling the industrial gases market.
 
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