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Prominent Industrial Gas Market Trend for 2025: Industrial gas companies are increasingly supplying carbon dioxide emitted from industrial facilities to greenhouses. CO2 emitted from power plants and refineries is stored in local capacities and empty natu
Industrial Gas
The healthcare sector is witnessing continuous advancements, focusing more on improving overall health and quality of life. Besides oxygen, there is an escalated preparation of nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium, and xenon for their incorporation in pharmaceutical products. Induced pluripotent stem cells (IPS) are opening up new avenues in treatment and drug development, adding more value to the medical industry. The application of gas-based systems utilizing carbon dioxide and liquid nitrogen, essential for the growth and conservation of cells and tissues, has led to an increased demand for superior-quality industrial gases.
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What is the future CAGR of the industrial gas market, and how will it impact industry expansion?
The market size of industrial gas has witnessed a swift expansion in the past few years. It is projected to raise from $166.67 billion in 2024 to $190.19 billion in 2025, with a compound annual growth rate (CAGR) of 14.1%. The historical growth has been driven by industrial and manufacturing development, the progress of the energy sector, needs of the healthcare industry, international commerce and globalization, environmental policy and development of infrastructure.
Over the coming years, the industrial gas market is anticipated to experience significant expansion, with a projected value of $308.83 billion by 2029, reflecting a compound annual growth rate (CAGR) of 12.9%. The predicted growth during this period is due to the increasing shift towards green energy, the expansion of the electronics industry, advancements in carbon capture and storage, development in the hydrogen economy, as well as growth in the aerospace industry and space exploration. Moreover, other key trends that are set to shape the forecast period include growth in the biotech and pharmaceutical sectors, advancements in manufacturing technologies, technological progress, expansion of the medical gases market, and the development of the liquefied natural gas (LNG) market.
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What are the most significant trends transforming the industrial gas market today?
Companies that deal with industrial gases are progressively delivering carbon dioxide, which is produced at industrial factories, to greenhouses. This CO2, after being emitted from power plants and refineries, is stored onsite in available areas or barren natural gas fields and is thereafter transported to greenhouses via pipeline systems. This arrangement functions as a smart method of CO2 recycling and aids in lessening the carbon impact made by greenhouses. For instance, Linde gathers carbon dioxide emitted from the Shell oil refinery close to Rotterdam, Netherlands, and dispenses it to about 580 greenhouses in both Rotterdam and Amsterdam. As a result, it curtails the burning of 115 million cubic meters of natural gas, avoiding the emission of 205,000 tons of CO2 every year.
Which key market segments comprise the industrial gas market and drive its revenue growth?
The industrial gas market covered in this report is segmented -
1) By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas
2) By Mode of Supply: Bulk, Packaging, Pipe Line
3) By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks Or Vessels, Other Packagings
4) By End User Industry: Chemicals, Metallurgy, Manufacturing, Food And Beverage, Healthcare, Other End-User Industries
Subsegments:
1) By Nitrogen: Liquid Nitrogen, Gaseous Nitrogen
2) By Oxygen: Liquid Oxygen, Gaseous Oxygen
3) By Carbon Dioxide: Liquid Carbon Dioxide, Gaseous Carbon Dioxide
4) By Hydrogen: Gaseous Hydrogen, Liquid Hydrogen
5) By Other Industrial Gas: Argon, Acetylene, Helium, Neon, Other Specialty Gases
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What regions are at the forefront of industrial gas market expansion?
Asia-Pacific was the largest region in the industrial gas market in 2024. North America was the second-largest region in the industrial gas market. The regions covered in the industrial gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the industrial gas market?
Major companies operating in the industrial gas market include Asia Technical Gas Co. Pte. Ltd., Universal Industrial Gases Inc., BASF SE, Mitsubishi Chemical Holdings Corporation, Linde GmbH, Air Liquide S.A.S., Air Products and Chemicals Inc., Showa Denko K.K., Taiyo Nippon Sanso & Co. Ltd., Air Water Inc., Airgas Inc., Iwatani Corporation, Messer Group GmbH, Matheson Tri-Gas Inc., SOL S.p.A., Nippon Gases, Ellenbarrie Industrial Gases, Yingde Gases Group Co. Ltd., SIAD Group, Blue Star Limited, Gulf Cryo, nexAir LLC, Sapio Group, PT Samator Indo Gas TBK, SIG Gases Berhad, Gases Plus, Bhuruka Gases Limited
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What Is Covered In The Industrial Gas Global Market Report?
•Market Size Forecast: Examine the industrial gas market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial gas market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial gas market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial gas market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial gas market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial gas market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial gas market.
•Competitive Landscape: Review strategic developments in the industrial gas market, including expansions, agreements, and new product launches.
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