Industrial Gas Market Set at 1.74 Billion Tons in 2025, Expected to Reach 2.16 Billion Tons by 2030; Focus Shifts to Oxygen & Hydrogen Trends

The latest research by Mordor Intelligence covers the "Industrial Gas Market Size," delivering insights into market dynamics, drivers of growth, and long-term forecasts.

Introduction

The latest report from Mordor Intelligence reveals that the global industrial gas market is estimated at 1.74 billion tons in 2025 and is projected to grow to 2.16 billion tons by 2030, representing a 4.17% annual growth rate during this period. Industrial gases-such as oxygen, nitrogen, hydrogen, carbon dioxide, and argon-serve a broad array of industries from healthcare to metals processing. Demand remains robust, supported by major users in steelmaking, semiconductor fabrication, chemical processing, and food and beverage production.

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Key Trends

Growing Share of Oxygen and Packaged Supply

Oxygen holds the largest revenue share among gases-about 32% in 2024-driven by its essential role in metal, chemical, and medical sectors
The packaged/cylinder segment accounted for roughly 37.2% of supply in 2024, though on-site generation (tonnage supply) is gaining traction with a projected 4.43% CAGR through 2030 .
Regional Demand Patterns: Asia Pacific Leads Volume

Asia Pacific is the largest and fastest-growing regional market, commanding both the greatest volume and highest CAGR through 2030.
This growth is driven by rapid industrialization in China and India, especially in construction, chemicals, electronics, and manufacturing.
Focus on Hydrogen and Green Gas Innovations

Industrial development increasingly demands low‐carbon gases like hydrogen and high-purity oxygen. Producers are investing in clean hydrogen and specialty formulations to capture value beyond volume growth .
Within the global context, hydrogen is forecast to post stronger growth than traditional gases, supported by clean energy mandates and decarbonization targets .
Supply Models and Long-term Contracts

Major producers are emphasizing on-site supply models to reduce logistical exposure and improve margins.
Multi-decade contracts are increasingly common, particularly with large energy users and semiconductor fabs, offering stability and predictable revenue streams

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Market Segmentation

The market divides clearly across several dimensions:

By Gas Type

Oxygen: Approximately 32% share in 2024; uses span steel, healthcare, and chemicals .

Nitrogen: Second-largest share; used in inerting, cooling, packaging, and electronics manufacturing-with an expected CAGR of around 4.5% through 2030.

Others: Hydrogen, carbon dioxide, argon, helium, and specialty gases make up the remainder; hydrogen being a rapidly accelerating segment as noted above.

By Mode of Supply

Packaged/Cylinder: Held 37.2% of supply share in 2024, serving smaller-scale or intermittent users.
On‐Site / Tonnage: Preferred by large industrial users; projected growth at 4.43% CAGR through 2030.

By End-user Industry

Key sectors driving consumption include:

Chemical processing and refining (~20% of market share in 2024)
Food and beverage processing, growing at ~5.22% CAGR to 2030 encouraging increased use of carbon dioxide and nitrogen

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Top Key Players

Global industrial gas production is concentrated among a few major corporations:

Linde plc (including Praxair and BOC) - world's largest industrial gas supplier, with strong global footprint and wide product range including oxygen, nitrogen, argon, hydrogen, helium, and specialty gases.

Air Liquide (with Airgas and other subsidiaries) - a leading European player, servicing industries and healthcare across 60+ countries employing long‐term contract models and local supply networks.

Air Products & Chemicals - major U.S.-based firm, particularly active in hydrogen, cryogenic gases, industrial bulk supply and energy markets.

These companies report annually recurring income, often backed by multi‐year customer agreements and onsite equipment leasing, contributing to stable cash flow even amid economic cycles.

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Conclusion

The industrial gas market is projected to grow from 1.74 billion tons in 2025 to 2.16 billion tons by 2030, with oxygen and nitrogen continuing as dominant products and hydrogen gaining momentum as clean‐energy demand rises Mordor Intelligence+1GII Research+1. Asia Pacific leads both in volume and growth, while North America and Europe see shifts toward high‐purity gas needs in semiconductors.

Supply models are evolving: long‐term and on‐site generation contracts are preferred by large industrial users, and packaged gas remains essential for smaller scale needs. Key players are cementing their positions through supply infrastructure, customer contracts, and innovation in clean‐gas offerings.

As industrial growth intensifies-especially across metals, semiconductors, chemicals, and food and beverage-demand for industrial gases continues to rise. At the same time, pressure to decarbonize and produce lower‐carbon alternatives like hydrogen is accelerating change. Stability comes from long‐term contracts and minimal inventory risk, while opportunities lie in specialty and on‐site solutions that meet the needs of high‐growth industrial end‐users.

This report underscores how the industrial gas market remains essential, steady, and gradually shifting toward cleaner supply models-driven by industrial growth, energy transition goals, and evolving customer requirements.

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Industry Related Reports:

Ammonia Market: Ammonia Market Report Segments the Industry by Type (Liquid and Gas), Application (Nitrogen Fertiliser Intermediate, Refrigerants (Industrial and Cold-Chain), Explosives and Mining Nitrates, and More), End-User Industry (Agriculture, Textiles, Mining, 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).

Get more insights: https://www.mordorintelligence.com/industry-reports/ammonia-market?utm_source=openpr

Middle-East Industrial Gases Market: The Middle-East Industrial Gases Market Report is Segmented by Product Type (Nitrogen, Oxygen, Carbon Dioxide, and More), End-User Industry (Chemical Processing and Refining, Electronics and Semiconductor, Food and Beverage Processing, and More), and Geography (Saudi Arabia, United Arab Emirates, and More). The Market Forecasts are Provided in Terms of Volume (Tons).

Get more insights: https://www.mordorintelligence.com/industry-reports/middle-east-industrial-gases-market?utm_source=openpr

Specialty Gas Market: The Specialty Gas Market Report Segments the Industry by Type (High-Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, and Other Types), End-User Industry (Electronics, Medical and Healthcare, Automotive, Food and Beverage, Oil and Gas, and Other Industries), Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Get more insights: https://www.mordorintelligence.com/industry-reports/specialty-gas-market?utm_source=openpr

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