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Industrial Gases Market Industry Trends and Global Forecasts to 2035
DUBLIN--(BUSINESS WIRE)--May 30, 2025--
The 'Industrial Gases Market Industry Trends and Global Forecasts to 2035: Distribution Type of Product, Type of Gas, Type of Technology, Type of Application, Type of End User, Type of Distribution, Company Size and Key Geographical Regions' report has been added to offering.
The global industrial gases market size is estimated to grow from USD 102.9 billion in 2025, to USD 219.9 billion by 2035, at a CAGR of 7.15% during the forecast period, till 2035.
Industrial Gases Market: Growth and Trends
Industrial gases, such as Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, and Argon are essential gases that are manufactured and supplied for use in various industrial processes. These gases play a pivotal role in manufacturing, healthcare, food and beverage preservation, environmental protection, and numerous other industries. In addition, these offer efficiency, safety, and technological advancement. In recent years, the increasing urbanization and industrialization have fueled the demand for industrial gases among key applications.
In terms of the type of gases, oxygen is one of the leading gases due to its wide range of applications particularly, in healthcare sectors where it is largely used for critical patient care and respiratory disease treatment. In this context, the COVID-19 pandemic is one of the recent examples that has spiked oxygen demand and driven the growth of the industrial gases market around the world; this has expanded the scope of the industrial gases market which continues to rise.
The soaring construction industries are further amplifying the market opportunities with an increasing need for industrial gases. As a result, leading industrial gas companies are leveraging this opportunity and boosting their services and market reach. The industrial automation is also contributing to the growth of this market as many automated processes rely on industrial gases for wide range of applications. In addition, with the current variety of applications, new uses for these gases are also emerging with the ever-growing industries and technologies.
Due to this, numerous companies are entering the market and investing in advanced technologies and innovative solutions, such as high-purity and specialty gases for specific applications. Precious metal is another crucial segment where industrial gases play a critical role, specifically in refining and processing operations. It is interesting to note that by broadening product and service offerings to cater to a wider range of industries and applications, stakeholders are driving market growth, which is anticipated to continue to grow over this forecast period.
Industrial Gases Market: Key Segments
Market Share by Geography
Based on geography, the industrial gases market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. Currently, Asia-Pacific captures the majority share of the market. This can be attributed to rapid industrial growth, the expansion of manufacturing sectors, and infrastructure development in developing countries.
Moreover, China, India, and Southeast Asian countries are experiencing significant growth in industries like manufacturing, construction, automotive, electronics, and chemicals, which further propels market growth.
Key Players in Industrial Gases Market Profiled in the Report, Include:
Industrial Gases Market: Research Coverage
The report on the industrial gases market features insights on various sections, including:
Key Questions Answered in this Report
Key Topics Covered:
Type of Product
Type of Gas
Type of Technology
Type of Application
Company Size
End User
Type of Distribution
Geographical Regions
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KEYWORD:
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: Research and Markets
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PUB: 05/30/2025 11:14 AM/DISC: 05/30/2025 11:13 AM
