The industrial gases market size is predicted to reach $102.9 billion in 2024 to $220 billion by 2035, growing at a CAGR of 7.15% from 2024 to 2035.

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Europe Industrial Gases Market Size 2025-2029

The Europe industrial gases market size is forecast to increase by USD 8.09 billion, at a CAGR of 4.7% between 2024 and 2029.

The market exhibits significant growth due to the increased demand from various end-user industries. This market is driven by factors such as innovations in the storage, design, and packaging of industrial gases, which enhance their efficiency and safety. Carbon Dioxide (CO2) Market is a key segment within the market, witnessing considerable expansion. However, safety issues associated with the use of industrial gases remain a challenge, necessitating stringent regulations and technological advancements. Industrial Gas Phase Filtration Systems play a crucial role in ensuring the purity and safety of industrial gases, making them an essential component of this market. The market's growth trajectory is expected to continue, driven by these trends and challenges.

What will be the Size of the market During the Forecast Period?

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The market encompasses a diverse range of applications, primarily In the sectors of healthcare, manufacturing, metallurgy and glass, and chemicals and energy. Key gases include oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others. In the healthcare sector, gases are utilized for therapeutic purposes and anesthesia. In manufacturing, they serve essential roles in various processes such as welding, metal fabrication, and glass production. In the chemicals and energy sector, industrial gases are used In the production of fertilizers, polymers, and other chemical compounds.
Additionally, they find applications in food and beverages, including carbonation in beverages, refrigeration in dairy products, and the production of low-calorie alternatives like sugar alcohols and hydroxyl groups in organic compounds. Industrial gases are also integral to the production of consumer goods such as candies, chewing gums, ice creams, yogurts, fruit spreads, toothpaste, mouthwash, throat lozenges, and breath mints. The market is projected to grow steadily due to increasing demand from various end-use industries and technological advancements leading to more efficient production processes.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Packaged
  Merchant
  Tonnage


End-user

  Manufacturing
  Chemical processing
  Metallurgy
  Medical and healthcare
  Others


Product

  Nitrogen
  Oxygen
  Carbon dioxide
  Hydrogen
  Others


Geography

  Europe

    Germany
    UK
    France
    Italy

By Distribution Channel Insights

The packaged segment is estimated to witness significant growth during the forecast period.

Packaged industrial gases cater to the convenience and efficiency needs of small and medium-sized enterprises (SMEs) and end users with fluctuating demand. These solutions eliminate the requirement for large storage facilities, enabling businesses to effectively manage their gas requirements. The versatility of packaged gases makes them applicable to various industries, including healthcare, food and beverage, welding, and laboratories. The expanding base of SMEs, particularly in European sectors like manufacturing and healthcare, fuels the demand for cost-effective and manageable packaged industrial gas solutions. Packaged industrial gases contribute significantly to the production of flexible and rigid polyurethane coatings, foams, sealants, elastomers, adhesives, and insulating materials. They are also essential components in electronics, footwear, packaging, furniture, seating, headrests, armrests, ventilator headliners, protective components, exterior panels, housing electronics, and more.

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Market Dynamics

Our market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Europe Industrial Gases Market?

Increased demand for industrial gases from end-user industries is the key driver of the market.

Industrial gases play a pivotal role in numerous applications across various industries, including metal and manufacturing. In metal production, gases such as oxygen, nitrogen, hydrogen, acetylene, and argon are extensively utilized for steel production and iron fabrication. The process industries, including oil and gas, petrochemicals, and chemicals, are significant revenue generators for the market. These industri

The industrial gases market attained a value of USD 97.57 Billion in 2024. The market is expected to grow at a CAGR of 6.80% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 188.38 Billion.

Green hydrogen and the broader energy transition are transforming the industrial gases market dynamics. Green hydrogen offers a zero-carbon fuel alternative critical for decarbonizing heavy industries, power generation, and transportation. As countries commit to net-zero goals, demand for green hydrogen surges, pushing gas producers to invest in electrolysers, large-scale hydrogen production, and distribution infrastructure. In March 2024, Egypt targeted USD 40 billion in green hydrogen investments via multiple MoUs, positioning itself as a renewable energy hub. This shift accelerates innovation in low-carbon gas technologies, including blue hydrogen (from natural gas with carbon capture) and green ammonia.

Gas producers are adopting smart sensor-driven systems, real-time consumption tracking, predictive maintenance, and remote control to optimize operations and safety. Predictive maintenance uses data analytics to foresee equipment issues before failures occur, minimizing downtime. Remote control capabilities allow operators to manage processes safely from afar, enhancing response times and reducing risks. In January 2025, InflowControl launched the Gas AICV®, the world’s first autonomous inflow control valve designed exclusively for gas reservoirs.

This digital transformation supports sustainability goals and meets growing demand for reliable, safe gas delivery.

In 2022, the global market for industrial gas was valued at ***** billion U.S. dollars. This market value is expected to see a substantial increase, with projections reaching ****** billion U.S. dollars by 2030 across all applications.

Additional information on the global industrial gas market can be found here.

North America Industrial Gases Market size is valued at around USD 27.35 billion in 2025 and is projected to reach USD 34.53 billion by 2032 at 4.78% CAGR during 2026-32.

Industrial Gases Market size is set to expand from $ 105.89 Billion in 2023 to $ 169.99 Billion by 2032, with an anticipated CAGR of 5.4% from 2024 to 2032.

The global industrial gas market is valued at USD 80.7 billion in 2025. It is slated to reach USD 171.0 billion by 2035, recording an absolute increase of USD 87.3 billion over the forecast period. This translates into a total growth of 108%, with the market forecast to expand at a compound annual growth rate (CAGR) of 7.8% between 2025 and 2035.

Industrial Gases Market is predicted to have a value of USD 205.1 Billion By 2036, with an annualized growth rate (CAGR) of 5.9% during the forecast period

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Industrial Gases Market Size 2025-2029

The industrial gases market size is valued to increase USD 31.1 billion, at a CAGR of 5.7% from 2024 to 2029. Facility expansion strategies by industrial gases vendors will drive the industrial gases market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
By End-user - Manufacturing segment was valued at USD 23.00 billion in 2023
By Type - Hydrogen segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 58.22 billion
Market Future Opportunities: USD 31.10 billion
CAGR from 2024 to 2029 : 5.7%

Market Summary

The market encompasses the production, distribution, and application of various gases used in various industries. This dynamic market is driven by core technologies and applications, including welding, refrigeration, and chemical processing. Notable trends include the increasing adoption of advanced technologies, such as hydrogen fuel cells and carbon capture, utilization, and storage (CCUS). Service types and product categories, such as bulk gases, cylinders, and tonnage gases, continue to evolve, with an emphasis on sustainability and efficiency. Regulations play a crucial role in shaping the market, with stricter emission norms and safety standards driving innovation. Facility expansion strategies by industrial gases companies and the increasing number of mergers and acquisitions among market players are key developments. Criticalities in gas distribution and gas handling systems, such as ensuring safety, reliability, and efficiency, remain a significant challenge. According to a recent study, the market is expected to account for over 20% of the global hydrogen market by 2027.

What will be the Size of the Industrial Gases Market during the forecast period?

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How is the Industrial Gases Market Segmented ?

The industrial gases industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userManufacturingChemical processingMetal fabricationEnergyOthersTypeHydrogenOxygenNitrogenCarbon dioxideOthersApplicationManufacturingHealthcareFood and BeverageMetallurgyGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By End-user Insights

The manufacturing segment is estimated to witness significant growth during the forecast period.

Industrial gases play a pivotal role in various manufacturing sectors, including aerospace, automotive, glass, ceramics, pulp and paper, shipbuilding, and railways coach and wagon manufacturing. These gases, such as oxygen, nitrogen, hydrogen, and carbon dioxide, are indispensable for numerous processes like welding, cutting, brazing, heat treating, purging, and annealing. In the automotive industry, they are utilized extensively in automobile parts and body manufacturing, as well as in repairs. In the aerospace sector, industrial gases are essential for fueling rockets and maintaining cabin pressure. In the glass industry, they are used for float glass production and tempering. In the ceramics sector, they aid in the sintering process. In the pulp and paper industry, they are employed for pulp bleaching and paper coating. In shipbuilding, they are utilized for welding and cutting steel. In railways coach and wagon manufacturing, they are essential for welding and brazing. The market for industrial gases is currently thriving, with oxygen generation systems witnessing a significant increase in demand due to their extensive usage in various industries. For instance, argon purification is a crucial process in the steel industry, where it is used to protect the molten steel from oxidation during the production process. Membrane separation, a gas separation technique, is gaining popularity due to its energy efficiency and cost-effectiveness. Furthermore, the market for industrial gases is expected to grow substantially in the coming years. For instance, the demand for nitrogen generation systems is projected to rise due to their increasing use in the food and beverage industry for food preservation. The market for hydrogen production is also expected to expand due to its growing usage in fuel cells and as a reducing agent in various industries. Process control systems, heat exchanger design, refrigeration cycles, and pressure swing adsorption are some of the key technologies driving the growth of the market. Temperature monitoring, safety systems, and pipeline transportation are essential components of the market infrastructure. In terms of market size, the market wa

The Asia-Pacific Industrial Gases Market Report is Segmented by Product Type (Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Argon, and More), End-User Industry (Chemical Processing and Refining, Electronics and Semiconductor, Food and Beverage Processing, Oil and Gas, and More), and Geography (China, India, Japan, South Korea, Indonesia, Thailand, and More). The Market Forecasts are Provided in Terms of Volume (tons).

The global industrial gases market was valued at USD 96.50 billion in 2022 and is expected to reach USD 147.28 billion by 2028, growing at a CAGR of 7.30% from 2022 to 2028.

This statistic displays the global market share of industrial gases, by company, in 2020. In that year, the French company Air Liquide accounted for a ** percent share of the global industrial gases market, whereas Linde accounted for ** percent.

United States industrial gas market is valued at USD 27 billion, driven by demand in manufacturing, healthcare, and energy sectors with growth in clean energy solutions like hydrogen.

The size of the US Industrial Gas Industry was valued at USD 363.72 Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.79% during the forecast period. Recent developments include: January 2023: Iwatani Corporation of America, a wholly-owned subsidiary of Iwatani Corporation, announced the acquisition of Aspen Air US, LLC, a leading manufacturer and distributor of bulk liquid industrial gases. This acquisition marks Iwatani's entrance into the United States Industrial Gases sector and highlights the company's expansion focus in this business segment., May 2022: Air Liquide established its largest liquid hydrogen production and logistics infrastructure complex in North Las Vegas, Nevada, to cater to the growing hydrogen mobility industry. With a USD 250 million investment, the plant has the capacity to manufacture 30 tons of liquid hydrogen per day, some of which is sourced from renewable natural gas produced using Air Liquide's advanced separation membrane technology, including landfill-sourced renewable natural gas.. Key drivers for this market are: Increasing Demand from the Healthcare Sector, Increasing Demand for Frozen and Stored Food; Growing Need for Alternate Energy Sources. Potential restraints include: Environmental Regulations and Safety Issues, Other Restraints. Notable trends are: Resilient Demand from the Healthcare Industry.

The size of the Asia-Pacific Industrial Gases Market was valued at USD 32450 Million in 2023 and is projected to reach USD 51630 Million by 2032, with an expected CAGR of 3.00">> 3.00% during the forecast period. The industrial gases market in Asia-Pacific supplies oxygen, nitrogen, hydrogen, carbon dioxide, and other associated gases to associated industries. The principal characteristics that mark this market also include high-purity gas solutions, reliable gas supply, and state-of-the-art storage solutions. Key applications are in healthcare through medical gases, manufacturing through welding and cutting, food and beverage through carbonization, and electronics through semiconductors. Gas types include compressed, liquefied, and cryogenic gases. New technologies are more oriented toward the effective and sustainable production and distribution of gases. It improves operational efficiency and safety while versatile in supporting innovations and reliable, hence becoming critical to the various industrial needs of the region. Recent developments include: December 2022: Yingde Gases announced the completion of the purchase of a 100% share in Shanghai Nanhua Industrial Gas Company Ltd. Yingde Gases' first packaged gas purchase boosted the group's impact in industrial packaged gas and medical oxygen. The purchase is a step forward in the organization's strategic packaged-gas strategy, indicating the group's entry into the market of packaged gas., July 2022: Yingde Gases Group announced its collaboration agreement with China Hydrogen, through which the two companies will jointly invest in and establish green hydrogen and green ammonia facilities in Ordos, Inner Mongolia, which will be Yingde Gases' first green ammonia project.. Key drivers for this market are: Increasing Demand for Frozen and Stored Food, Growing Need for Alternate Energy Sources; Other Drivers. Potential restraints include: Environmental Regulations and Safety Issues, Other Restraints. Notable trends are: Chemical Processing and Refining to Dominate the Market.

The Industrial Gases Market is booming, projected to reach [estimated 2033 value based on CAGR] by 2033, driven by rising industrialization and technological advancements. Explore market trends, key players (Air Liquide, Linde, Air Products), and regional growth insights in this comprehensive analysis.

Learn more about the Industrial Gases Market Report by Market Research Intellect, which stood at USD 100 billion in 2024 and is forecast to expand to USD 150 billion by 2033, growing at a CAGR of 5.5%.Discover how new strategies, rising investments, and top players are shaping the future.

The Global Food-grade Industrial Gases Market is Segmented by Type (Carbon Dioxide, Nitrogen, Oxygen, and Other Types) End-use Industries (Beverages, Meat, Poultry, and Seafood Products, Bakery and Confectionery Products, Fruits and Vegetables, and Other End-use Industries), and Geography

The total global market value of industrial gases amounted to some **** billion U.S. dollars in 2024. It is forecast that the market value will increase to **** billion U.S. dollars worldwide in 2029.

The global industrial gases market is booming, projected to reach over $150 billion by 2033 with a CAGR of 5.92%. Discover key trends, leading companies like Air Liquide and Linde, and regional market breakdowns in this comprehensive analysis. Learn about growth drivers, restraints, and future opportunities in the manufacturing, chemical, and energy sectors.