The global industrial gases market size is estimated at USD 119.42 billion in 2025 and is anticipated to reach around USD 198.87 billion by 2034, expanding at a CAGR of 5.84% from 2025 to 2034. The Asia Pacific industrial gases market size accounted for USD 44.19 billion in 2025 and is expanding at a CAGR of 5.98% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
Industrial Gases Market
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Industrial Gases Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Industrial Gases Market, by Gas Type
8.1.1. Oxygen
8.1.1.1. Market Revenue and Forecast
8.1.2. Nitrogen
8.1.2.1. Market Revenue and Forecast
8.1.3. Hydrogen
8.1.3.1. Market Revenue and Forecast
8.1.4. Carbon Dioxide (COâ‚‚)
8.1.4.1. Market Revenue and Forecast
8.1.5. Argon
8.1.5.1. Market Revenue and Forecast
8.1.6. Helium
8.1.6.1. Market Revenue and Forecast
8.1.7. Acetylene
8.1.7.1. Market Revenue and Forecast
8.1.8. Specialty Gases
8.1.8.1. Market Revenue and Forecast
8.1.9. Others (Ammonia, etc.)
8.1.9.1. Market Revenue and Forecast
9.1. Industrial Gases Market, by Application / End-Use Industry
9.1.1. Healthcare / Medical
9.1.1.1. Market Revenue and Forecast
9.1.2. Metal Production & Fabrication
9.1.2.1. Market Revenue and Forecast
9.1.3. Chemical & Petrochemicals
9.1.3.1. Market Revenue and Forecast
9.1.4. Electronics
9.1.4.1. Market Revenue and Forecast
9.1.5. Food & Beverage
9.1.5.1. Market Revenue and Forecast
9.1.6. Water & Wastewater Treatment
9.1.6.1. Market Revenue and Forecast
9.1.7. Pharmaceutical & Biotechnology
9.1.7.1. Market Revenue and Forecast
9.1.8. Automotive & Transportation
9.1.8.1. Market Revenue and Forecast
9.1.9. Pulp & Paper
9.1.9.1. Market Revenue and Forecast
9.1.10. Glass & Ceramics
9.1.10.1. Market Revenue and Forecast
9.1.11. Aerospace & Defense
9.1.11.1. Market Revenue and Forecast
9.1.12. Others (Research Labs, etc.)
9.1.12.1. Market Revenue and Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Gas Type
10.1.2. Market Revenue and Forecast, by Application / End-Use Industry
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Gas Type
10.1.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Gas Type
10.1.4.2. Market Revenue and Forecast, by Application / End-Use Industry
10.2. Europe
10.2.1. Market Revenue and Forecast, by Gas Type
10.2.2. Market Revenue and Forecast, by Application / End-Use Industry
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Gas Type
10.2.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Gas Type
10.2.4.2. Market Revenue and Forecast, by Application / End-Use Industry
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Gas Type
10.2.5.2. Market Revenue and Forecast, by Application / End-Use Industry
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Gas Type
10.2.6.2. Market Revenue and Forecast, by Application / End-Use Industry
10.3. APAC
10.3.1. Market Revenue and Forecast, by Gas Type
10.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Gas Type
10.3.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Gas Type
10.3.4.2. Market Revenue and Forecast, by Application / End-Use Industry
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Gas Type
10.3.5.2. Market Revenue and Forecast, by Application / End-Use Industry
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Gas Type
10.3.6.2. Market Revenue and Forecast, by Application / End-Use Industry
10.4. MEA
10.4.1. Market Revenue and Forecast, by Gas Type
10.4.2. Market Revenue and Forecast, by Application / End-Use Industry
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Gas Type
10.4.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Gas Type
10.4.4.2. Market Revenue and Forecast, by Application / End-Use Industry
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Gas Type
10.4.5.2. Market Revenue and Forecast, by Application / End-Use Industry
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Gas Type
10.4.6.2. Market Revenue and Forecast, by Application / End-Use Industry
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Gas Type
10.5.2. Market Revenue and Forecast, by Application / End-Use Industry
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Gas Type
10.5.3.2. Market Revenue and Forecast, by Application / End-Use Industry
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Gas Type
10.5.4.2. Market Revenue and Forecast, by Application / End-Use Industry
11.1. Yingde Gases Group Company Limited
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Air Liquide S.A
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Linde Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Airgas Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Messer Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Buzwair Industrial Gases Factories
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Air Products and Chemicals Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Taiyo Nippon Sanso Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Air Water Incorporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. BASF SE
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
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