The Report Covers United States Industrial Gas Market Manufacturers and is Segmented by Product Type (Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Argon, Ammonia, Methane, Propane, Butane, and Other Product Types) and End-User Industry (Chemical Processing and Refining, Electronics, Food and Beverage, Oil and Gas, Metal Manufacturing and Fabrication, Medical and Pharmaceutical, Automotive and Transportation, Energy and Power, and Other End-User Industries). The Market Size and Forecasts for The Industrial Gas Market are Provided in terms of Volume (Kilotons) for all the Above Segments.

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. The US industrial gas sector provides various industries with important gases like oxygen, nitrogen, hydrogen, and carbon dioxide. It is characterized by high purity, reliable supply, and advanced storage solutions. The applications span from health, where medical oxygen is used; in manufacturing, where it is applied for welding and cutting; food and beverages, where it is used for carbonation; to electronics for the production of semiconductors. The industry makes available compressed, liquefied, and cryogenic gases. Technological development is geared toward sustainable production and efficient distribution. In general, its impact involves increased efficiency in manufacturing, improvements in healthcare, and support for innovation. Versatility, reliability, and the support extended to critical processes are some of the advantages brought by it, thereby making the role of industrial gases critical to the US economy. 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.

United States Industrial Gas Market size was valued at USD 26.91 Billion in 2024 and is projected to reach USD 30.98 Billion by 2032, growing at a CAGR of 3.79% during the forecast period 2025-2032.

United States Industrial Gas Market Drivers

Expanding Manufacturing and Industrial Sectors: The growing demand for industrial gases in sectors such as metal fabrication, automotive, aerospace, and electronics is a significant driver of the market. Gases like oxygen, nitrogen, and argon are essential in processes such as welding, cutting, and material hardening. The resurgence of domestic manufacturing in the U.S. has further amplified the need for industrial gases.

Booming Healthcare Industry: The healthcare sector is one of the largest consumers of industrial gases. Oxygen is critical for respiratory treatments and surgical procedures, while gases like nitrous oxide and helium are used in medical imaging and anesthesia. The growing prevalence of chronic diseases, aging populations, and technological advancements in healthcare equipment have increased the demand for medical-grade gases.

Rising Demand in the Energy Sector: Industrial gases play a vital role in energy production, particularly in the oil and gas, and renewable energy sectors. Hydrogen is increasingly used in refining processes to produce cleaner fuels, while carbon dioxide is utilized in enhanced oil recovery (EOR) techniques.The push toward clean energy and green hydrogen is further accelerating the adoption of industrial gases.

In 2022, the North American market for industrial gas was valued at 26.12 billion U.S. dollars. This market value is expected to see a substantial increase, with projections of it reaching 44.17 billion U.S. dollars by 2030.

Additional information on the global Industrial Gas Market can be found here.

Industrial gases have become an integral part of many industries, as it’s use spans from cooling and food preservation to energy and lighting conservation. As the market extends its size in the year 2024, the market is expected to accumulate US$ 74.94 billion by the year-end.

Category-wise Industrial Gas Market Analysis

Global Industrial Gas Market Demand Analysis by Country

The size and share of the market is categorized based on Type (Atmospheric Gas, Process Gas) and Application (Manufacturing, Chemical & Energy, Metals, Electronics, Healthcare, Food & Beverage, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The total global market value of industrial gases amounted to some 1.67 billion U.S. dollars in 2024. It is forecast that the market value will increase to 2.07 billion U.S. dollars worldwide in 2029.

The industrial gas industry provides various gases for different applications. In 2022, the industry was worth 96.52 billion U.S. dollars, and it was expected to grow substantially in the next decade. The largest contributing application of industrial gas in 2022 was metallurgy and glass, which accounted for 20.35 billion U.S. dollars. This application involved the use of industrial gas for processes such as metal smelting, welding, cutting, and glass manufacturing.

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

The South American Industrial Gases market is anticipated to surpass USD 2.14 Billion by 2024–29, supported by expanding manufacturing sectors and the rising adoption of industrial

Global Industrial Gases Market to grow from US$ 100.47 Billion in 2023 to US$ 164.06 Billion by 2032, CAGR 5.6%.

The size of the Industrial Gas Market was valued at USD 97570 Million in 2023 and is projected to reach USD 176440 Million by 2032, with an expected CAGR of 4.35% during the forecast period. This industrial gas market supports virtually all other industries by supplying them with crucial gases like oxygen, nitrogen, hydrogen, and carbon dioxide. Such critical features of these gases are their high purity, consistent supply, and advanced storage systems. Applications are endless, ranging from health, in medical gases, to manufacturing through welding and cutting and carbonation of food and beverages to electronics that require semiconductors. On their part, they come in three kinds: compressed, liquefied, and cryogenic gases. The industry's technological advancements are currently focused on sustainable production and efficient distribution. It improves operational efficiency, ensures higher safety, and facilitates innovation in the market. This means some of the advantages that industrial gases bring to the industry include versatility, reliability, and facilitate a number of critical processes. Recent developments include: April 2023: Nippon Gases Operations, a division of Nippon Gases Italia, announced the signing of an agreement with Enel Green Power Italia to construct a new plant for the reuse, purification, and liquefaction of CO2, naturally present in the geothermal fluids of the Piancastagnaio power plants in the province of Siena for food purposes. The significant investment is part of a series of operations planned by the company in Italy to improve production capacity, competitiveness, and customer closeness, emphasizing long-term growth., January 2023: Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation, announced the acquisition of a leading manufacturer and distributor of bulk liquid industrial gases, Aspen Air US, LLC. The acquisition marks the entrance into the United States Industrial Gases sector and illustrates the expansion focus for this business segment.. Key drivers for this market are: Growing Need for Alternate Energy Sources, Increasing Demand For Frozen and Stored Food; Increasing Demand from the Healthcare Sector. Potential restraints include: Environmental Regulations and Safety Issues, Other Restraints. Notable trends are: Increasing Demand from the Medical and Pharmaceutical Sector.

In 2019, the U.S. industrial gas market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is likely to see steady growth in the near future.

Explore the Industrial Gas Market trends! Covers key players, growth rate 12.9% CAGR, market size $308.83 Billion, and forecasts to 2034. Get insights now!

In 2022, the Latin American market for industrial gas was valued at 4.45 billion U.S. dollars. This market value is expected to see a substantial increase, with projections reaching 7.79 billion U.S. dollars by 2030 across all applications.

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

Graph and download economic data for Producer Price Index by Industry: Industrial Gas Manufacturing: Oxygen (PCU325120325120A) from Jun 1981 to Feb 2025 about gas, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Explore Industrial Gases Market Regional Demand with our comprehensive analysis. Get insights on North America, Asia Pacific, Europe, and other key regions. Access country-level market data and understand market dynamics and growth potential across different regions.

In 2022, the global market for industrial gas was valued at 96.52 billion U.S. dollars. This market value is expected to see a substantial increase, with projections reaching 167.26 billion U.S. dollars by 2030 across all applications.

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

The size and share of the market is categorized based on Application (Oxygen, Nitrogen, Argon, Carbon dioxide, Hydrogen) and Product (Metal manufacturing, Electronics, Healthcare, Food & Beverage, Chemicals, Energy) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Type (Tonnage / Onsite Sale of Gas, PGP, Bulk) and Application (Merchant, Captive) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The U.S. dominates in the global trade of industrial gas, accounting for an 18% share (based on USD) of world',s exports. It was followed by China (11%), the United Arab Emirates (11%), and France (7%). In 2015, the U.S. exported 604 million USD on the industrial gas market, which was 11% over the previous year',s value.