Press release
In-Depth Analysis of the Industrial Gases Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Industrial Gases Market
The burgeoning use of industrial gases in the oil and gas sector is projected to drive the industrial gases market's expansion. The worldwide oil and gas sector, which involves the discovery, extraction, refining, transportation, and dispersion of petroleum goods, is incorporating industrial gases more frequently for a variety of purposes. These include enhancing production, improving oil extraction through gas lift methods, and implementing gas purging and blanketing procedures for safety in refining processes. Other uses also consist of inerting to avert explosions, gas detection for ensuring workplace safety, cryogenic applications in natural gas storage and transportation, as well as cutting and welding processes. For instance, global profits for the oil and gas industry reportedly surged to $4 trillion in 2022 from an average of $1.5 trillion, according to data from the International Energy Agency in February 2023, a France-based independent intergovernmental organization. As a result, the rising utilization of industrial gases in the oil and gas sector is spurring the growth of the industrial gases market.
Get Your Industrial Gases Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-gases-global-market-report
How will the growth rate of the industrial gases market shape industry trends by 2034?
The market size of industrial gases has significantly expanded in the past few years. The market, which was worth $104.7 billion in 2024, is set to reach $112.38 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.3%. Factors that contributed to the growth in the past period include the introduction of energy storage solutions, the widening of environmental regulations, advancements in glass manufacturing, the use in food processing, and innovative industrial gas companies.
In the coming years, the industrial gases market is anticipated to experience significant growth, reaching a worth of $149.19 billion in 2029 with a CAGR of 7.3%. This growth during the predicted period can be credited to factors like industry 4.0 and digitalization, a heightened interest in clean transportation, developments in environmental policies, growth in the oil refining and petrochemical sectors, as well as an increase in metal fabrication. Key trends to watch in the forecast period encompass environmental testing adoption, growth in the production of LNG, increasing integration in the aerospace and aviation sectors, attention towards carbon capture and storage, and surging demand from the electronics industry.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12041&type=smp
What trends are poised to drive the future success of the industrial gases market?
Top players in the industrial gases sector are concentrating on creating inventive solutions such as static mixers in order to provide a stable blend of hydrogen and natural gas, thereby gaining a competitive leverage. A static mixer is an equipment used in fluid processing to improve the mixing of two or more substances without the requirement for any moving components or outside energy sources. For example, in June 2023, Tormene Group, an Italian provider of engineering services, introduced the GreenBoost, a patented Static Mixer designed to effectively combine hydrogen and natural gas. It confronts the significant issue of diminishing greenhouse gas emissions. The blender, developed for consistent gas mixture, reduces hydrogen overpressure and enables the direct consumption of hydrogen produced by electrolyzers.
Which primary segments of the industrial gases market are driving growth and industry transformations?
The industrial gases market covered in this report is segmented -
1) By Product: Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, Argon
2) By Application: Packaging, Coolant, Carbonation, Cryogenic, Cutting And Welding, Laboratory, Air Separation, Other Applications
3) By Distribution: On-Site, Bulk, Cylinder
4) By End User: Metallurgy, Healthcare, Chemical, Food And Beverage, Oil And Gas, Power, Pulp And Paper, Electronics, Other End Users
Subsegments:
1) By Oxygen: Medical Oxygen, Industrial Oxygen, High-Purity Oxygen
2) By Nitrogen: Liquid Nitrogen, Gaseous Nitrogen, Nitrogen For Food Preservation
3) By Hydrogen: Hydrogen For Fuel Cells, Hydrogen For Refining, Industrial Hydrogen
4) By Carbon Dioxide: Liquid Carbon Dioxide, Dry Ice, Carbon Dioxide For Beverage Carbonation
5) By Acetylene: Acetylene For Welding, Acetylene For Chemical Synthesis
6) By Argon: Argon For Welding, Argon For Lighting And Electronics, High-Purity Argon
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12041
Which geographical regions are pioneering growth in the industrial gases market?
Asia-Pacific was the largest region in the industrial gases market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the industrial gases market landscape?
Major companies operating in the industrial gases market include BASF SE, Linde plc, Air Liquide S.A., Atlas Copco, The Southern Gas Ltd., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Ingersoll Rand, Iwatani Corporation, National Gases Ltd., Matheson Tri-Gas Inc., Sicgil Industrial Gases, SOL S.p.A., Messer Group GmbH, Horiba Ltd., Praxair Technology Inc., Gulf Cryo LLC, Norco Inc., Greco Gas, Western International Gas & Cylinders Inc., Holston Gases Inc., Indiana Oxygen Company, Weldstar, Sutton-Garten Co., Butler Gas Products Company, Eureka Oxygen Co, American Gas Products
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12041&type=smp
What Is Covered In The Industrial Gases Global Market Report?
• Market Size Forecast: Examine the industrial gases market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the industrial gases market for a structured understanding.
• Key Players Overview: Analyze major players in the industrial gases market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial gases market.
• Segment Contributions: Evaluate how different segments drive overall growth in the industrial gases market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial gases market.
• Industry Challenges: Identify potential risks and obstacles affecting the industrial gases market.
• Competitive Landscape: Review strategic developments in the industrial gases market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release In-Depth Analysis of the Industrial Gases Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3915534 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for Gas
City Gas Distribution Market 2022 key developmental strategies implemented by th …
The City Gas Distribution report is an in-depth examination of the global City Gas Distribution's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global City Gas Distribution industry, as well as market segmentation, competition, and the macroeconomic climate. A complete City Gas Distribution analysis takes into account a number of aspects, including a country's population and business cycles, as…
Know about City Gas Distribution Market Growth with Top Companies details like: …
The City Gas Distribution Market 2020-2024 Report involve of strong research on global City Gas Distribution industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global City Gas Distribution market's proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide City Gas Distribution…
City Gas Distribution Market 2019: Top Companies- Gujarat Gas, Indraprastha Gas, …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments.
Get Sample Copy of This Report at https://www.orianresearch.com/request-sample/1011059
City Gas Distribution Industry 2019 Global Market research report provides a detailed analysis of market growth factors, industry share, regional trends, size and Forecast till 2025. This report…
City Gas Distribution Market Exploring Future Growth 2019-2023 and Key Players - …
Global City Gas Distribution Market Research Report consists of all the significant data related to the global market. The report presents a comprehensive analysis of the various industry growth factors, including the market trends, dynamics, estimates, production and consumption ratio, industry development factors, size, share, supply and demand, forecast trends, sales, as well as several other factors. The report has been generated leveraging a blend of the primary and secondary…
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary
WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
City Gas Distribution Market Latest Technology Trends 2018 | Growth by Top Compa …
A network that deliver the gas in the city.
Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments.
The report Global City Gas Distribution Market 2018 focuses on fundamental know-how of City Gas Distribution segment. The report provides comprehensive study and vivid description of drivers, limitations, openings, request factors, market size, conjectures, and patterns in the Worldwide…
