세계의 산업 가스 시장은 2024년에 1,160억 7,000만 달러로 평가되었고, 2030년에는 1,781억 4,000만 달러에 달할 것으로 예측되며, CAGR은 7.40%를 나타낼 전망입니다.
세계의 산업 가스 시장은 확립된 시장이지만, 첨단 제조업, 재생가능에너지, 헬스케어 기술, 정밀화학제품, 식품가공, 마이크로일렉트로닉스, 야금 등의 기간산업에 있어서 필수적인 역할을 담당하고 있으며, 전략적인 변혁이 진행되고 있습니다. 산소, 질소, 수소, 이산화탄소 및 아르곤을 포함한 주요 가스는 더 이상 표준 소모품으로 취급되지 않으며 공정 수율, 품질 관리, 안전 및 배출 규정 준수를 최적화하기 위해 중요한 생산 워크플로우로의 통합이 진행되고 있습니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 1,160억 7,000만 달러 |
| 시장 규모 : 2030년 | 1,781억 4,000만 달러 |
| CAGR : 2025-2030년 | 7.40% |
| 급성장 부문 | 제조업 |
| 최대 시장 | 아시아태평양 |
이 업계는 양 기반의 상품 공급 모델에서 기술을 활용하는 서비스 중심의 프레임 워크로 이동하고 있습니다. 이 변화는 디지털 자동화, 탈탄소화, 전자화가 진행되는 섹터에서의 수요 증가에 의해 촉진되고 있습니다. 산업 가스 공급업체는 현재 가스뿐만 아니라 현장 발전 시스템, 원격 텔레메트리, 순도 분석 및 지속가능성 솔루션을 제공하는 전략적 협력자로 간주됩니다.
산업 가스는 반도체 에칭, 수소 기반의 정제, 산소 부화 연소, CO2 포집 등의 분야에서 미션 크리티컬한 입력이 되고 있습니다. 산업계가 탄소 중립, 운영의 회복력, 실시간 효율성을 축으로 재조정을 진행하는 가운데, 시장은 견조하고 지속적인 성장을 이루는 태세를 갖추고 있습니다. 저탄소 가스 포트폴리오, 디지털 인프라 및 맞춤형 딜리버리 모델에 적극적으로 투자하는 기업은 이러한 고성능 혁신 혁신의 경제에서 장기적인 가치를 얻고 경쟁 우위를 확보 할 수 있습니다.
급속한 산업화 및 인프라 개발
높은 설비 투자 및 운영 비용
현장 모듈형 가스 생성 시스템 통합
The Industrial Gases market was valued at USD 116.07 Billion in 2024 and is expected to reach USD 178.14 Billion by 2030 with a CAGR of 7.40%. The Global Industrial Gases Market, though well-established, is undergoing a strategic transformation driven by its indispensable role across core industries such as advanced manufacturing, renewable energy, healthcare technology, precision chemicals, food-grade processing, microelectronics, and metallurgy. Key gases including oxygen, nitrogen, hydrogen, carbon dioxide, and argon are no longer treated as standard consumables; they are increasingly integrated into critical production workflows to optimize process yield, quality control, safety, and emissions compliance.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 116.07 Billion |
| Market Size 2030 | USD 178.14 Billion |
| CAGR 2025-2030 | 7.40% |
| Fastest Growing Segment | Manufacturing |
| Largest Market | Asia Pacific |
The industry is shifting away from a volume-based, commodity supply model toward a technology-enabled, service-centric framework. This shift is fueled by mounting demand from sectors undergoing digital automation, decarbonization, and electrification. Industrial gas suppliers are now viewed as strategic collaborators, providing not only gases but also on-site generation systems, remote telemetry, purity analytics, and sustainability solutions.
Industrial gases are becoming mission-critical inputs in areas such as semiconductor etching, hydrogen-based refining, oxygen-enriched combustion, and CO2 recovery. As industries recalibrate around carbon neutrality, operational resilience, and real-time efficiency, the market is poised for robust and durable growth. Companies that proactively invest in low-carbon gas portfolios, digital infrastructure, and custom-engineered delivery models will capture long-term value and secure competitive advantage in this high-performance, innovation-led economy.
Key Market Drivers
Rapid Industrialization and Infrastructure Development
Rapid industrialization and infrastructure development are among the most powerful drivers of growth in the Global Industrial Gases Market, fueling demand across a wide spectrum of sectors including steel, construction, chemicals, energy, electronics, and automotive. As emerging and developed economies expand their manufacturing capacity and invest in large-scale infrastructure projects, the consumption of industrial gases rises significantly both in volume and complexity. As highlighted in the Economic Survey, India's manufacturing sector has consistently led industrial performance, recording an average annual growth rate of 5.2% over the past decade. In FY23, the sector contributed 14.3% to the country's Gross Value Added (GVA) and accounted for 35.2% of total industrial output, underscoring its deep integration across value chains. Industrial gases such as oxygen, nitrogen, acetylene, and argon are integral to Steelmaking (e.g., basic oxygen furnaces, electric arc furnaces), Cutting, welding, and fabrication of metal structures, Cement production and glass manufacturing. Countries undergoing rapid urbanization and industrial development such as India, China, Indonesia, and Vietnam are investing heavily in housing, roads, bridges, railways, and ports. These projects require vast quantities of processed materials, where industrial gases play a critical role in enhancing production speed, efficiency, and product quality.
Emerging markets are positioning themselves as global manufacturing hubs through initiatives like "Make in India", China's Belt and Road Initiative (BRI), Indonesia's industrial corridors, Vietnam's FDI-led export manufacturing model. These strategies have led to the proliferation of manufacturing units in: Automotive, Electronics and semiconductors, Chemicals and plastics, Heavy machinery and industrial equipment. Each of these sectors requires various industrial gases for cooling, inerting, purging, oxidation, annealing, and cleaning processes, driving both bulk and specialty gas demand. As nations invest in power plants, oil refineries, wastewater treatment facilities, and energy transmission networks, industrial gases become vital for Enhanced combustion efficiency (using oxygen-enriched air), Pipeline pressure testing and purging (using nitrogen), Desulfurization and hydrocracking in refineries (using hydrogen), Water purification and sludge treatment (using oxygen and ozone). These projects not only create direct consumption of gases but also support long-term industrial utility needs, strengthening recurring demand across regions.
Governments are promoting industrialization through cluster-based development and the establishment of Special Economic Zones (SEZs) and Industrial Parks, which Attract foreign and domestic investment in high-volume production, Enable the co-location of gas-intensive industries, Justify large-scale on-site gas generation plants or centralized gas distribution networks. Such developments offer cost and logistics advantages for industrial gas suppliers, increasing opportunities for long-term contracts and economies of scale.
Key Market Challenges
High Capital Investment and Operational Costs
The industrial gases sector is highly capital-intensive, requiring substantial upfront investment in: Production facilities (e.g., air separation units, hydrogen plants), On-site generation systems, Cryogenic storage and distribution infrastructure, Specialty gas purification and blending systems.
Additionally, the sector faces ongoing operational expenses, including Energy consumption (particularly for cryogenic processes), Maintenance of pressurized equipment, Skilled labor for plant operation and safety compliance.
New entrants face high barriers to entry, limiting competition and innovation. Small and medium enterprises (SMEs) may struggle to afford tailored gas solutions. Projects with long payback periods deter investments in regions with uncertain industrial policies or weak infrastructure. In volatile energy markets, fluctuating electricity costs can impact production margins, especially for energy-intensive gases like oxygen and nitrogen.
Key Market Trends
Integration of On-Site and Modular Gas Generation Systems
There is a notable shift toward decentralized, on-site gas generation systems, especially in industries with continuous, high-volume gas requirements such as steel, glass, food & beverage, and pharmaceuticals. Instead of relying on traditional bulk deliveries, many industrial users are opting for custom-built or skid-mounted generation units that are installed directly at the point of use.
Reduces dependency on cryogenic transportation and cylinder logistics, mitigating delivery delays and supply chain risks. Offers real-time control over gas purity and volume, improving production consistency and minimizing wastage. Enables cost optimization over time, especially in regions with high logistics costs or limited gas infrastructure.
Leading industrial gas players like Linde and Air Liquide are investing heavily in build-own-operate (BOO) models for on-site plants, securing long-term supply contracts while giving clients flexibility and operational control. Additionally, startups and mid-sized companies are entering the market with modular PSA (pressure swing adsorption) or membrane-based solutions, fostering competition and innovation in gas delivery formats.
In this report, the Global Industrial Gases Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Industrial Gases Market.
Global Industrial Gases market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: