Press release
United States Industrial Gases Market Size, Growth, Latest Trends and Forecast 2025-2033
Market Overview
The United States industrial gases market size was valued at USD 29.7 Billion in 2024 and is expected to reach USD 40.8 Billion by 2033, growing at a CAGR of 3.42% during the forecast period of 2025-2033. Growth is driven by rising demand across manufacturing, healthcare, food and beverages, and electronics industries. Technological improvements in gas production and distribution, along with regulatory support for cleaner gas technologies, further propel market expansion.
Study Assumption Years
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033
United States Industrial Gases Market Key Takeaways
• Current Market Size: USD 29.7 Billion in 2024
• CAGR: 3.42%
• Forecast Period: 2025-2033
• The market is expanding due to increasing demand from manufacturing, healthcare, food and beverages, and electronics sectors.
• Technological advances in production and distribution improve efficiency and reduce costs.
• Medical gases like oxygen and nitrous oxide see growing use in respiratory care and critical care.
• Environmental regulations push adoption of cleaner gases such as hydrogen fuel cells and carbon capture technologies.
• Specialty gases support fast-growing industries like semiconductors and renewable energy.
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United States Industrial Gases Market Growth Factors
The United States industrial gases market growth is primarily fueled by heightened demand across diverse sectors such as manufacturing, healthcare, food and beverages, and electronics. These sectors rely on gases like oxygen, nitrogen, and hydrogen for processes including welding, cooling, and chemical processing. The manufacturing sector notably dominates gas consumption, with requirements in automotive, steel, and chemical industries. According to the National Institute of Standards and Technology, the manufacturing industry significantly impacts the economy, maintaining consistently strong demand for industrial gases.
This extensive use drives steady market expansion.
Technological advancements strongly support market growth by enhancing gas production and distribution efficiency. Developments in cryogenic and non-cryogenic air separation technologies lower separation costs and increase gas quality. Innovations in hydrogen generation through electrolysis and carbon sequestration technologies are influential, backed by U.S. Department of Energy funding of USD 750 Million awarded to clean hydrogen projects in 2024. These improvements make industrial gases more suitable and cost-effective for diverse applications, increasingly boosting market size.
Stringent environmental regulations further accelerate market growth by promoting cleaner and greener gas technologies. The U.S. Environmental Protection Agency's policies encourage lean industrial gases while reducing greenhouse gas emissions. Under the AIM Act, the EPA mandates a 40% reduction in hydrofluorocarbon consumption by 2025 compared to a 302.5 million metric tons CO2 equivalent baseline. Additionally, regulations supporting carbon capture and storage stimulate demand for gases used in these processes. Together, these policies bolster the adoption of low-carbon gases, fostering innovative solutions and investments in sustainable industrial gas applications.
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United States Industrial Gases Market Segmentation
Analysis by Type:
• Nitrogen: Largest segment in 2024 with ~28.6% market share, extensively used in ammonia production for fertilizers, manufacturing, food processing, and oil and gas applications such as enhanced oil recovery and pipeline purging.
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Others
Analysis by Application:
• Manufacturing: Leads with ~27.5% market share, utilizing gases like oxygen, nitrogen, and argon across metals fabrication, chemicals, and electronics.
• Metallurgy
• Energy
• Chemicals
• Healthcare
• Others
Analysis by Supply Mode:
• Packaged: Dominant supply mode with ~45.7% market share in 2024. Benefits from extensive infrastructure, wide product range, and strong distribution networks meeting demands in manufacturing, healthcare, and electronics.
• Bulk
• On-Site
Regions Covered:
• Northeast
• Midwest
• South
• West
Regional Insights
The dominant region in the United States industrial gases market is the Northeast, noted for a well-developed manufacturing sector augmented by pharmaceuticals and research industries. This region's significant demand stems from large industries and farming, with extensive use in construction, food processing, and power generation. The South, particularly Texas and Florida, exhibits strong demand driven by petrochemicals, automotive, and aerospace manufacturing. The West is distinguished by technology-focused industries in states like California and Arizona, especially semiconductor manufacturing hubs.
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Recent Developments & News
• April 2025: ExxonMobil and Calpine signed an agreement for ExxonMobil to transport and store up to 2 million metric tons of CO2 annually from Calpine's Baytown Energy Center, aiming to produce 500 megawatts of low-carbon electricity.
• January 2025: Chart Industries entered a global master goods and services agreement with ExxonMobil to supply LNG equipment, technology, and services for ExxonMobil's global projects.
• September 2024: ADNOC acquired a 35% stake in ExxonMobil's low-carbon hydrogen and ammonia facility project in Baytown, Texas, expected to start in 2029.
• July 2024: ExxonMobil forged a second carbon capture agreement with CF Industries to capture 500,000 tons/year of CO2 from CF's Yazoo City facility.
• June 2024: Air Liquide announced a USD 250 million investment to build a new industrial gas facility in Idaho supporting semiconductor manufacturing.
• May 2024: Linde doubled capacity at its La Porte facility to meet rising demand in the US Gulf Coast.
Key Players
• Air Products
• Linde
• ExxonMobil
• Chart Industries
• ADNOC
• CF Industries
• Air Liquide
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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