Industrial Gases Market Set to Capture Strong Growth Opportunities During Forecast Period 2025-2031

Market Summary -

The global market for Industrial Gases was estimated to be worth US$ 5362 million in 2024 and is forecast to a readjusted size of US$ 6818 million by 2031 with a CAGR of 3.6% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Industrial Gases Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Industrial Gases industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Industrial Gases cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Industrial gas is a generic term for gases (liquefied gases) used widely in all industries for raw materials and intermediate materials in the manufacturing industry, or for quality improvement, energy saving and the safety in manufacturing processes. This does not include city gas (coal gas for domestic use) and LP gas that are mainly used for household energy. Medical gases used in hospitals are included among industrial gases.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

The global industrial gases market is highly consolidated and dominated by major players such as:-

Linde plc (Germany/Ireland): The world's largest, holding approximately 25-30% global market share.

Air Liquide (France): The leading player in Europe, ranked second globally.

Air Products & Chemicals (USA): A key supplier in the US and active in hydrogen energy.

Messer Group (Germany): A significant participant in European and Asian markets.

Market Prospects:

Hydrogen Energy & Clean Energy Growth: The rise of the hydrogen economy globally drives demand for hydrogen production, transport, and storage gases.

Booming Electronics High-Purity Gas Demand: Rapid development in semiconductors and new energy batteries spurs growth in the electronics specialty gas market.

Expansion in Healthcare Sector: Aging populations and improved healthcare systems increase medical gas consumption.

Green & Low-Carbon Process Adoption: Steel and chemical companies are adopting low-carbon gas technologies to reduce emissions.

Market Challenges:

High Capital Expenditure: Industrial gas plants require massive investments (often hundreds of millions of USD), posing high entry barriers.

Energy Cost Volatility: Fluctuations in electricity and steam prices directly impact gas production costs.

Environmental & Carbon Emission Pressures: Especially in China and Europe, gas producers face increasingly stringent carbon emission standards.

Technological Barriers: Significant R&D investment is required in ultra-high-purity gases and hydrogen-related sectors due to high technical barriers.

Regional Safety & Transportation Risks: Due to the special nature of gas products, transport and storage are costly and pose safety risks.

Market Segmentation and Regional -

By Type

Atmospheric Gas
Process Gas
Others

By Application

Manufacturing
Chemical & Energy
Metals
Healthcare
Electronics
Food & Beverage
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Linde Plc
Air Liquide
Air Products and Chemicals
Taiyo Nippon Sanso
Air Water
Messer
Yingde Gases
Gulf Cryo
INOX Air Products
Hangzhou Oxygen Plant Group

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Industrial Gases report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Industrial Gases market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Industrial Gases market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Industrial Gases market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Industrial Gases market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Industrial Gases market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Industrial Gases Product Introduction
1.2 Global Industrial Gases Market Size Forecast
1.2.1 Global Industrial Gases Sales Value (2020-2031)
1.2.2 Global Industrial Gases Sales Volume (2020-2031)
1.2.3 Global Industrial Gases Sales Price (2020-2031)
1.3 Industrial Gases Market Trends & Drivers
1.3.1 Industrial Gases Industry Trends
1.3.2 Industrial Gases Market Drivers & Opportunity
1.3.3 Industrial Gases Market Challenges
1.3.4 Industrial Gases Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Industrial Gases Players Revenue Ranking (2024)
2.2 Global Industrial Gases Revenue by Company (2020-2025)
2.3 Global Industrial Gases Players Sales Volume Ranking (2024)
2.4 Global Industrial Gases Sales Volume by Company Players (2020-2025)
2.5 Global Industrial Gases Average Price by Company (2020-2025)
2.6 Key Manufacturers Industrial Gases Manufacturing Base and Headquarters
2.7 Key Manufacturers Industrial Gases Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Industrial Gases
2.9 Industrial Gases Market Competitive Analysis
2.9.1 Industrial Gases Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Industrial Gases Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial Gases as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Atmospheric Gas
3.1.2 Process Gas
3.1.3 Others
3.2 Global Industrial Gases Sales Value by Type
3.2.1 Global Industrial Gases Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Industrial Gases Sales Value, by Type (2020-2031)
3.2.3 Global Industrial Gases Sales Value, by Type (%) (2020-2031)
3.3 Global Industrial Gases Sales Volume by Type
3.3.1 Global Industrial Gases Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Industrial Gases Sales Volume, by Type (2020-2031)
3.3.3 Global Industrial Gases Sales Volume, by Type (%) (2020-2031)
3.4 Global Industrial Gases Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Manufacturing
4.1.2 Chemical & Energy
4.1.3 Metals
4.1.4 Healthcare
4.1.5 Electronics
4.1.6 Food & Beverage
4.1.7 Others
4.2 Global Industrial Gases Sales Value by Application
4.2.1 Global Industrial Gases Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Industrial Gases Sales Value, by Application (2020-2031)
4.2.3 Global Industrial Gases Sales Value, by Application (%) (2020-2031)
4.3 Global Industrial Gases Sales Volume by Application
4.3.1 Global Industrial Gases Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Industrial Gases Sales Volume, by Application (2020-2031)
4.3.3 Global Industrial Gases Sales Volume, by Application (%) (2020-2031)
4.4 Global Industrial Gases Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Industrial Gases Sales Value by Region
5.1.1 Global Industrial Gases Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Industrial Gases Sales Value by Region (2020-2025)
5.1.3 Global Industrial Gases Sales Value by Region (2026-2031)
5.1.4 Global Industrial Gases Sales Value by Region (%), (2020-2031)
5.2 Global Industrial Gases Sales Volume by Region
5.2.1 Global Industrial Gases Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Industrial Gases Sales Volume by Region (2020-2025)
5.2.3 Global Industrial Gases Sales Volume by Region (2026-2031)
5.2.4 Global Industrial Gases Sales Volume by Region (%), (2020-2031)
5.3 Global Industrial Gases Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Industrial Gases Sales Value, 2020-2031
5.4.2 North America Industrial Gases Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Industrial Gases Sales Value, 2020-2031
5.5.2 Europe Industrial Gases Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Industrial Gases Sales Value, 2020-2031
5.6.2 Asia Pacific Industrial Gases Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Industrial Gases Sales Value, 2020-2031
5.7.2 South America Industrial Gases Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Industrial Gases Sales Value, 2020-2031
5.8.2 Middle East & Africa Industrial Gases Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Industrial Gases Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Industrial Gases Sales Value and Sales Volume
6.2.1 Key Countries/Regions Industrial Gases Sales Value, 2020-2031
6.2.2 Key Countries/Regions Industrial Gases Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Industrial Gases Sales Value, 2020-2031
6.3.2 United States Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Industrial Gases Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Industrial Gases Sales Value, 2020-2031
6.4.2 Europe Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Industrial Gases Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Industrial Gases Sales Value, 2020-2031
6.5.2 China Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.5.3 China Industrial Gases Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Industrial Gases Sales Value, 2020-2031
6.6.2 Japan Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Industrial Gases Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Industrial Gases Sales Value, 2020-2031
6.7.2 South Korea Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Industrial Gases Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Industrial Gases Sales Value, 2020-2031
6.8.2 Southeast Asia Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Industrial Gases Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Industrial Gases Sales Value, 2020-2031
6.9.2 India Industrial Gases Sales Value by Type (%), 2024 VS 2031
6.9.3 India Industrial Gases Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Linde Plc
7.1.1 Linde Plc Company Information
7.1.2 Linde Plc Introduction and Business Overview
7.1.3 Linde Plc Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Linde Plc Industrial Gases Product Offerings
7.1.5 Linde Plc Recent Development
7.2 Air Liquide
7.2.1 Air Liquide Company Information
7.2.2 Air Liquide Introduction and Business Overview
7.2.3 Air Liquide Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Air Liquide Industrial Gases Product Offerings
7.2.5 Air Liquide Recent Development
7.3 Air Products and Chemicals
7.3.1 Air Products and Chemicals Company Information
7.3.2 Air Products and Chemicals Introduction and Business Overview
7.3.3 Air Products and Chemicals Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Air Products and Chemicals Industrial Gases Product Offerings
7.3.5 Air Products and Chemicals Recent Development
7.4 Taiyo Nippon Sanso
7.4.1 Taiyo Nippon Sanso Company Information
7.4.2 Taiyo Nippon Sanso Introduction and Business Overview
7.4.3 Taiyo Nippon Sanso Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Taiyo Nippon Sanso Industrial Gases Product Offerings
7.4.5 Taiyo Nippon Sanso Recent Development
7.5 Air Water
7.5.1 Air Water Company Information
7.5.2 Air Water Introduction and Business Overview
7.5.3 Air Water Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Air Water Industrial Gases Product Offerings
7.5.5 Air Water Recent Development
7.6 Messer
7.6.1 Messer Company Information
7.6.2 Messer Introduction and Business Overview
7.6.3 Messer Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Messer Industrial Gases Product Offerings
7.6.5 Messer Recent Development
7.7 Yingde Gases
7.7.1 Yingde Gases Company Information
7.7.2 Yingde Gases Introduction and Business Overview
7.7.3 Yingde Gases Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Yingde Gases Industrial Gases Product Offerings
7.7.5 Yingde Gases Recent Development
7.8 Gulf Cryo
7.8.1 Gulf Cryo Company Information
7.8.2 Gulf Cryo Introduction and Business Overview
7.8.3 Gulf Cryo Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Gulf Cryo Industrial Gases Product Offerings
7.8.5 Gulf Cryo Recent Development
7.9 INOX Air Products
7.9.1 INOX Air Products Company Information
7.9.2 INOX Air Products Introduction and Business Overview
7.9.3 INOX Air Products Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 INOX Air Products Industrial Gases Product Offerings
7.9.5 INOX Air Products Recent Development
7.10 Hangzhou Oxygen Plant Group
7.10.1 Hangzhou Oxygen Plant Group Company Information
7.10.2 Hangzhou Oxygen Plant Group Introduction and Business Overview
7.10.3 Hangzhou Oxygen Plant Group Industrial Gases Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Hangzhou Oxygen Plant Group Industrial Gases Product Offerings
7.10.5 Hangzhou Oxygen Plant Group Recent Development
8 Industry Chain Analysis
8.1 Industrial Gases Industrial Chain
8.2 Industrial Gases Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Industrial Gases Sales Model
8.5.2 Sales Channel
8.5.3 Industrial Gases Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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