Industrial Gases Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Industrial Gases 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  t he  la tes t  repor t  by  I MARC Group,  t i t l ed  " Indust r i a l  Gases Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  g loba l  i ndus t r i a l  gases  marke t  s i ze  reached US$  104. 6  B i l l i on  in  2023 .
Indus t r i a l  gases  encompass  a  w ide  range  o f  gaseous  ma t er ia l s  spec i f i ca l l y  
Report manufac t u red  fo r  use  ac ross  var ious  indus t r ies .  Oxygen ,  n i t r ogen,  hyd rogen ,  he l i um,  and ca rbon  d iox ide ,  a re  some o f  t he  com mon indus t r ia l  gases .  They  are  
u t i l i zed  i n  p rocesses  l i ke  manu fac t u r ing ,  chemica l  syn thes i s ,  re f r i gera t i on ,  and  
Highlight and prese rva t ion  o f  f ood  produc t s .  
I ndus t r i a l  gases  are  a lso  essent ia l  i n  hea l thcare ,  me ta l lu rgy ,  e lec t ron i cs ,  and  
Description energy  sec t o rs ,  where  they  ass is t  i n  enhanc ing  e f f i c iency ,  p roduc t i v i t y ,  and  sa fe t y .  They  a re  t yp ica l l y  p roduced in  la rge  quant i t i es  and  a re  de l i ve red  i n  
compressed ,  l i que f ied ,  o r  c ryogen i c  f o rms .  As  a  resu l t ,  i ndus t r ia l  gases  a re  a lso  
used fo r  we ld ing ,  cu t t i ng ,  hea t  t rea t men t ,  coo l i ng ,  and  c lean ing  app l i ca t ions .
Request  fo r  a  PDF sample  o f  th is  repor t :  
ht tps : / / www. imarcgroup .com/ indus t r ia l - gases -marke t / r eques tsamp le
Report Description
G l o b a l  I n d u s t r i a l  G a s e s  M a r k e t  T r e n d s :
T h e  i n c r e a s i n g  d e m a n d  f o r  i n d u s t r i a l  g a s e s ,  s u c h  a s  o x y g e n  i n  t h e  h e a l t h c a r e  i n d u s t r y  d u r i n g  s u r g i c a l  p r o c e d u r e s ,  a n d  e m e r g e n c y  
s i t u a t i o n s  i s  o n e  o f  t h e  k e y  f a c t o r s  p r o p e l l i n g  t h e  m a r k e t  g r o w t h .  I n  l i n e  w i t h  t h i s ,  t h e  w i d e s p r e a d  p r o d u c t  u t i l i z a t i o n  i n  t h e  f o o d  
i n d u s t r y  f o r  r e f r i g e r a t i o n  a n d  p r e s e r v a t i o n ,  i s  a c t i n g  a s  a n o t h e r  g r o w t h - i n d u c i n g  f a c t o r .  A d d i t i o n a l l y ,  t h e  d e v e l o p m e n t  o f  i n n o v a t i v e  
t e c h n o l o g i e s  a n d  m e t h o d s  f o r  g a s  p r o d u c t i o n  a n d  p u r i f i c a t i o n ,  e n h a n c i n g  e f f i c i e n c y ,  i s  p o s i t i v e l y  i m p a c t i n g  t h e  m a r k e t  g r o w t h .  
M o r e o v e r ,  t h e  i n c r e a s i n g  p r o d u c t  a p p l i c a t i o n  i n  p o l l u t i o n  c o n t r o l  a n d  r e n e w a b l e  e n e r g y  a p p l i c a t i o n s ,  o w i n g  t o  t h e  r i s i n g  g l o b a l  
e m p h a s i s  o n  e n v i r o n m e n t a l  s u s t a i n a b i l i t y ,  i s  p r o v i d i n g  a  c o n s i d e r a b l e  b o o s t  t o  t h e  m a r k e t  g r o w t h .  
I n  a d d i t i o n  t o  t h i s ,  t h e  i m p l e m e n t a t i o n  o f  s t r i n g e n t  r e g u l a t i o n s  b y  g o v e r n m e n t s  r e g a r d i n g  e m i s s i o n s  a n d  e c o l o g i c a l  p r o t e c t i o n ,  
p r o m p t i n g  i n d u s t r i e s  t o  a d o p t  c l e a n e r ,  m o r e  e f f i c i e n t  e n e r g y  s o u r c e s ,  i s  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t  g r o w t h .  F u r t h e r m o r e ,  
t h e  s u d d e n  s h i f t  t o w a r d s  t h e  d e v e l o p m e n t  o f  s p e c i a l i z e d ,  c u s t o m i z e d  g a s  m i x t u r e s  f o r  p a r t i c u l a r  i n d u s t r i a l  a p p l i c a t i o n s  i s  p r o v i d i n g  a n  
i m p e t u s  t o  t h e  m a r k e t  g r o w t h .  B e s i d e s  t h i s ,  t h e  i n c r e a s i n g  c o l l a b o r a t i o n  b e t w e e n  m a n u f a c t u r e r s  a n d  e n d - u s e r s ,  i n v e s t m e n t  i n  r e s e a r c h  
a n d  d e v e l o p m e n t  ( R & D ) ,  a n d  t h e  g r o w i n g  f o c u s  o n  a d h e r i n g  t o  i n t e r n a t i o n a l  q u a l i t y  s t a n d a r d s  a r e  p r o v i d i n g  r e m u n e r a t i v e  g r o w t h  
o p p o r t u n i t i e s  f o r  t h e  m a r k e t .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  v a l u e  i s  p r o j e c t e d  t o  r e a c h  U S $  1 5 7 . 1  B i l l i o n  b y  2 0 3 2 ,  e x p a n d i n g  a t  a  C A G R  o f  4 . 5 %  d u r i n g  2 0 2 4 -
2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / i n d u s t r i a l - g a s e s - m a r k e t
Breakup by Type:
• Nitrogen
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Others
Report 
Segmentation Breakup by Application:
• Manufacturing
• Metal lurgy
• Energy
• Chemicals
• Healthcare
• Others
Breakup by Supply Mode:
• Packaged
• Bulk
• On-site
Breakup by Region:
Report 
• Asia Pacifi c
Segmentation • North America
• Europe
• Middle East and Afr ica
• Latin America
• Air Liquide S.A.
• Linde Group
• Air Products and Chemicals, Inc.
Competitive • Airgas, Inc.
Landscape 
with Key 
Players
What is the market for industrial gases?
What will be the global industrial gases market 
outlook during the forecast period (2024-2032)?
What are the global industrial gases market 
drivers?
Key 
What are the major trends in the global industrial 
Questions gases market?
Answered in What is the impact of COVID-19 on the global industrial gases market?
the Report What is the global industrial gases market breakup 
by type?
What is the global industrial gases market breakup 
by application?
What is the global industrial gases market breakup 
by supply mode?
What are the major regions in the global industrial 
gases market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s
5      G l o b a l  I n d u s t r i a l  G a s e s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  B r e a k u p  b y  T y p e
    5 . 5     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    5 . 6     M a r k e t  B r e a k u p  b y  S u p p l y  M o d e
    5 . 7     M a r k e t  B r e a k u p  b y  R e g i o n
    5 . 8     M a r k e t  F o r e c a s t
    5 . 9     S W O T  A n a l y s i s
        5 . 9 . 1  O v e r v i e w
        5 . 9 . 2  S t r e n g t h s
        5 . 9 . 3  W e a k n e s s e s
        5 . 9 . 4  O p p o r t u n i t i e s
        5 . 9 . 5  T h r e a t s
       
    5 . 1 0     V a l u e  C h a i n  A n a l y s i s
        5 . 1 0 . 1  O v e r v i e w
        5 . 1 0 . 2  R e s e a r c h  a n d  D e v e l o p m e n t
        5 . 1 0 . 3  R a w  M a t e r i a l  P r o c u r e m e n t
        5 . 1 0 . 4  M a n u f a c t u r i n g
        5 . 1 0 . 5  D i s t r i b u t i o n
        5 . 1 0 . 6  E x p o r t
        5 . 1 0 . 7  E n d - U s e
    5 . 1 1     P o r t e r s  F i v e  F o r c e s  A n a l y s i s
        5 . 1 1 . 1  O v e r v i e w
Table of         5 . 1 1 . 2  B a r g a i n i n g  P o w e r  o f  B u y e r s        5 . 1 1 . 3  B a r g a i n i n g  P o w e r  o f  S u p p l i e r s
        5 . 1 1 . 4  D e g r e e  o f  C o m p e t i t i o n
        5 . 1 1 . 5  T h r e a t  o f  N e w  E n t r a n t s
Contents         5 . 1 1 . 6  T h r e a t  o f  S u b s t i t u t e s
6    M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     N i t r o g e n
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     O x y g e n
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     C a r b o n  D i o x i d e
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
    6 . 4     A r g o n
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m / i n du s t r i a l - ga ses -m a rke t / t o c
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