The US Industrial Gas Market report segments the industry into Product Type (Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Argon, Ammonia, Methane, Propane, Butane, Other Product Types) and End-User Industry (Oil and Gas, Energy and Power, Petrochemical and Chemical Manufacturing, Medical and Pharmaceutical, Food and Beverage, Metal Manufacturing and Fabrication, Transportation, and more.)

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 ***** billion U.S. dollars. This market value is expected to see a substantial increase, with projections of it reaching ***** billion U.S. dollars by 2030.

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

Industrial Gases Market size is expected to be worth around USD 254.8 Bn by 2034, from USD 112.7 Bn in 2024, growing at a CAGR of 8.5%.

The North America industrial gases market reached USD 25.35 Billion in 2024. The market is expected to grow at a CAGR of 6.50% between 2025 and 2034, reaching almost USD 47.59 Billion by 2034.

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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 size of the U.S. Industrial Gases Market market was valued at USD 79.66 billion in 2023 and is projected to reach USD 125.43 billion by 2032, with an expected CAGR of 6.7 % during the forecast period. The U. S. Industrial Gases Market entails manufacturing and distribution of gases that is utilised in commercial processes. Some of the uses gases include oxygen for medical, industrial and metallurgical uses, nitrogen employed in food processing, hydrogen in refining of petroleum, carbon dioxide used in food and drinks preservation and argon in welding. These gases are used in activities such as welding, Production of chemicals, manufacturing of electronics products and in medical uses as in Oxygen therapy. The market is expanding as a result of enhanced demand for cleaner energy; growth in the health sector; and growth in new gas technologies. Global climate change consideration is shifting trends to green technologies including carbon capture and storage while bigger emphasis on technological advance in the gas delivery and monitoring systems.

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 US industrial gas market, a significant segment of the global industry, is characterized by steady growth driven by increasing demand across diverse sectors. With a global CAGR of 3.79%, the US market likely mirrors this trend, albeit potentially with slight variations due to regional economic factors and specific industry concentrations. Key drivers include the expansion of energy and power generation (particularly renewable energy initiatives requiring specialized gases), the robust petrochemical and chemical manufacturing sectors, and the ongoing growth of the medical and pharmaceutical industries. Technological advancements in gas production and delivery systems, along with a focus on energy efficiency and sustainability, further contribute to market expansion. However, challenges such as fluctuating raw material prices and environmental regulations related to emissions and gas handling pose potential restraints. Within the US market, oxygen, nitrogen, and argon remain dominant product types, serving the aforementioned sectors. However, increasing demand for specialty gases like hydrogen and helium, driven by emerging technologies in fuel cells and advanced materials, is creating lucrative niche markets. The oil and gas industry remains a key end-user, utilizing industrial gases for various processes like enhanced oil recovery and pipeline maintenance. However, growing sectors such as medical and pharmaceutical, fueled by an aging population and advancements in healthcare technologies, are expected to experience particularly high growth rates within the forecast period. Leading players in the US market include Air Liquide, Air Products and Chemicals Inc., and Linde PLC, among others, engaging in competitive strategies focusing on innovation, capacity expansion, and strategic acquisitions to maintain market share. The geographic distribution of market activity is likely concentrated in industrial hubs across the country, with potential regional variations in growth based on specific industry concentrations. 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: Increasing Demand from the Healthcare Sector, Increasing Demand for Frozen and Stored Food; Growing Need for Alternate Energy Sources. Notable trends are: Resilient Demand from the Healthcare Industry.

The Industrial Gases Market Report is Segmented by Product Type (Nitrogen, Oxygen, Carbon Dioxide, and More), Mode of Supply (Packaged/Cylinder, Merchant Bulk Liquid, and More), End-User Industry (Chemical Processing and Refining, Electronics and Semiconductor, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

US Industrial Gases Market growth is driven by the increasing demand for industrial gases across various industries and the rising focus on sustainability and clean energy solutions.

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 industrial gas market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.35% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, the burgeoning chemical processing and refining sector, along with the expanding electronics and metal manufacturing industries, are significantly increasing demand for gases like nitrogen, oxygen, argon, and hydrogen. Secondly, technological advancements in gas production and delivery systems are enhancing efficiency and reducing costs, making industrial gases more accessible and affordable for various applications. The growing adoption of sustainable practices within industries further contributes to market growth, as industrial gases play a critical role in reducing carbon emissions and improving energy efficiency. However, the market faces some restraints, including fluctuating raw material prices and potential supply chain disruptions. The increasing stringency of environmental regulations also presents a challenge, requiring companies to invest in cleaner production methods. Segmentation analysis reveals that nitrogen, oxygen, and argon are currently the dominant product types, while the chemical processing and refining sector represents the largest end-user industry. Geographical analysis suggests strong growth potential in the Asia-Pacific region, driven by rapid industrialization and economic expansion in countries like China and India. North America and Europe also contribute significantly to the overall market size, but their growth rates might be slightly moderated compared to the Asia-Pacific region. Key players in this competitive market include Air Liquide, Air Products and Chemicals Inc., Linde PLC, and Messer Group GmbH, among others, with ongoing consolidation and strategic partnerships shaping the market landscape. The forecast period of 2025-2033 anticipates continued growth in the industrial gas market, primarily driven by the aforementioned factors. However, successfully navigating potential challenges like price volatility and regulatory compliance will be crucial for sustained success. The market is expected to witness increased diversification, with a greater focus on specialty gases and customized solutions tailored to specific industry needs. Regional variations in growth rates will likely persist, with emerging economies exhibiting higher growth potential compared to established markets. Continuous innovation in gas production technologies and a commitment to sustainable practices will be critical for companies seeking to gain a competitive edge and capitalize on the long-term growth opportunities within the industrial gas market. 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: Growing Need for Alternate Energy Sources, Increasing Demand For Frozen and Stored Food; Increasing Demand from the Healthcare Sector. Notable trends are: Increasing Demand from the Medical and Pharmaceutical Sector.

The United States industrial gas market is expected to grow at over 4.88% CAGR from 2024 to 2029, driven by expanding applications in manufacturing, healthcare, and energy sectors.

The United States industrial gas market was valued at USD 26.31 Billion in 2024. The industry is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034 to attain a valuation of USD 52.24 Billion by 2034.

In 2022, the Latin American 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.

The industrial gas industry provides various gases for different applications. In 2022, the industry was worth ***** 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 ***** 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 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.

This statistic shows the market revenue of industrial gases worldwide in 2016, with forecasted figures for 2017 to 2024. In 2016, the total global market revenue of industrial gases amounted to some ** billion U.S. dollars, and is forecasted to be ** billion U.S. dollars in 2024.