Persistence Market Research has recently released a comprehensive report on the global Industrial Gases Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.
Global Market Growth Rate (CAGR 2025 to 2032): 10.5%
Industrial Gases Market - Report Scope:
The Industrial Gases market includes gases such as oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, and argon, which are used across various industries including healthcare, manufacturing, metallurgy, food & beverages, chemicals, and energy. The demand for industrial gases is driven by rapid industrialization, advancements in healthcare, and increasing applications in renewable energy and electronics. These gases play a crucial role in improving efficiency, safety, and sustainability across industries, making them an essential part of modern industrial processes.
Market Growth Drivers:
Several key factors are driving the growth of the global Industrial Gases market, including the rising demand for high-purity gases in healthcare and manufacturing, increasing industrial activities in emerging economies, and advancements in gas separation and liquefaction technologies. The expansion of the metallurgy and chemical sectors, coupled with the growing emphasis on sustainable and energy-efficient solutions, is further propelling market growth. Additionally, the increasing adoption of hydrogen in clean energy applications is expected to contribute significantly to market expansion.
Market Restraints:
Despite strong growth potential, the Industrial Gases market faces challenges such as high capital investments in gas production and storage infrastructure, stringent regulatory requirements for gas handling and transportation, and fluctuating raw material prices. The volatility in energy costs and supply chain disruptions can also impact production and distribution. Moreover, environmental concerns related to carbon emissions and gas leakage are prompting companies to invest in sustainable and eco-friendly gas production methods.
Market Opportunities:
The Industrial Gases market presents substantial growth opportunities driven by the increasing adoption of hydrogen as a clean energy source, the expansion of healthcare services requiring medical gases, and the growing demand for specialty gases in semiconductor manufacturing. The development of on-site gas generation facilities and the integration of digital and automation technologies in gas production and distribution are creating new market avenues. Strategic collaborations with industries focusing on decarbonization and energy efficiency will be key to capitalizing on these emerging opportunities.
Key Questions Answered in the Report:
What are the primary factors driving the global growth of the Industrial Gases market?
Which industries and applications are witnessing the highest demand for industrial gases?
How are advancements in gas production, storage, and distribution impacting market dynamics?
Who are the key players in the Industrial Gases market, and what strategies are they employing to remain competitive?
What are the emerging trends and future prospects in the global Industrial Gases market?
Competitive Intelligence and Business Strategy:
Leading companies in the global Industrial Gases market, such as Air Products Inc., Linde plc, and Taiyo Nippon Sanso Corp., are focusing on expanding production capacities, investing in clean energy solutions, and enhancing their distribution networks. These companies are increasingly collaborating with end-user industries to develop customized gas solutions that improve efficiency and sustainability. Additionally, strategic mergers and acquisitions, along with investments in advanced gas processing technologies, are enabling market leaders to strengthen their global presence and gain a competitive edge.
Key Companies Profiled:
Air Products Inc.
INOX-Air Products Inc.
Iwatani Corp.
Linde plc
Messer
SOL Group
Strandmollen A / S
Taiyo Nippon Sanso Corp.
Industrial Gases Industry Research by Category:
By Product:
Oxygen
Nitrogen
Hydrogen
Carbon Dioxide
Acetylene
Argon
By Application:
Healthcare
Manufacturing
Metallurgy & Glass
Food & Beverages
Retail
Chemicals & Energy
Others
By Distribution:
On-site
Bulk (Liquid Gas Transport)
Cylinder (Merchant)
By Geographical Regions:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Table of Contents
1. Executive Summary
1.1. Global Industrial Gases Market Snapshot, 2025 and 2032