Industrial Gases Market Size, Share, and Trends 2025 to 2034

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.

Last Updated : May 2025  |  Report Code : 2437  |  Category : Chemical and Material  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID 19 Impact on Industrial Gases Market 

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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Industrial Gases Market, By January

8.1. Industrial Gases Market, by January

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. Carbon dioxide

8.1.3.1. Market Revenue and Forecast

8.1.4. Hydrogen

8.1.4.1. Market Revenue and Forecast

8.1.5. Argon

8.1.5.1. Market Revenue and Forecast

8.1.6. Acetylene

8.1.6.1. Market Revenue and Forecast

8.1.7. Others

8.1.7.1. Market Revenue and Forecast

Chapter 9. Global Industrial Gases Market, By Application

9.1. Industrial Gases Market, by Application

9.1.1. Manufacturing

9.1.1.1. Market Revenue and Forecast

9.1.2. Healthcare

9.1.2.1. Market Revenue and Forecast

9.1.3. Food & Beverages

9.1.3.1. Market Revenue and Forecast

9.1.4. Metallurgy & Glass

9.1.4.1. Market Revenue and Forecast

9.1.5. Chemicals & Energy

9.1.5.1. Market Revenue and Forecast

9.1.6. Retail

9.1.6.1. Market Revenue and Forecast

9.1.7. Others

9.1.7.1. Market Revenue and Forecast

Chapter 10. Global Industrial Gases Market, By Distribution 

10.1. Industrial Gases Market, by Distribution

10.1.1. On-site

10.1.1.1. Market Revenue and Forecast

10.1.2. Bulk (Liquid Gas Transport)

10.1.2.1. Market Revenue and Forecast

10.1.3. Cylinder (Merchant)

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Industrial Gases Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by January

11.1.2. Market Revenue and Forecast, by Application

11.1.3. Market Revenue and Forecast, by Distribution

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by January

11.1.4.2. Market Revenue and Forecast, by Application

11.1.4.3. Market Revenue and Forecast, by Distribution

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by January

11.1.5.2. Market Revenue and Forecast, by Application

11.1.5.3. Market Revenue and Forecast, by Distribution

11.2. Europe

11.2.1. Market Revenue and Forecast, by January

11.2.2. Market Revenue and Forecast, by Application

11.2.3. Market Revenue and Forecast, by Distribution

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by January

11.2.4.2. Market Revenue and Forecast, by Application

11.2.4.3. Market Revenue and Forecast, by Distribution

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by January

11.2.5.2. Market Revenue and Forecast, by Application

11.2.5.3. Market Revenue and Forecast, by Distribution

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by January

11.2.6.2. Market Revenue and Forecast, by Application

11.2.6.3. Market Revenue and Forecast, by Distribution

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by January

11.2.7.2. Market Revenue and Forecast, by Application

11.2.7.3. Market Revenue and Forecast, by Distribution

11.3. APAC

11.3.1. Market Revenue and Forecast, by January

11.3.2. Market Revenue and Forecast, by Application

11.3.3. Market Revenue and Forecast, by Distribution

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by January

11.3.4.2. Market Revenue and Forecast, by Application

11.3.4.3. Market Revenue and Forecast, by Distribution

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by January

11.3.5.2. Market Revenue and Forecast, by Application

11.3.5.3. Market Revenue and Forecast, by Distribution

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by January

11.3.6.2. Market Revenue and Forecast, by Application

11.3.6.3. Market Revenue and Forecast, by Distribution

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by January

11.3.7.2. Market Revenue and Forecast, by Application

11.3.7.3. Market Revenue and Forecast, by Distribution

11.4. MEA

11.4.1. Market Revenue and Forecast, by January

11.4.2. Market Revenue and Forecast, by Application

11.4.3. Market Revenue and Forecast, by Distribution

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by January

11.4.4.2. Market Revenue and Forecast, by Application

11.4.4.3. Market Revenue and Forecast, by Distribution

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by January

11.4.5.2. Market Revenue and Forecast, by Application

11.4.5.3. Market Revenue and Forecast, by Distribution

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by January

11.4.6.2. Market Revenue and Forecast, by Application

11.4.6.3. Market Revenue and Forecast, by Distribution

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by January

11.4.7.2. Market Revenue and Forecast, by Application

11.4.7.3. Market Revenue and Forecast, by Distribution

11.5. Latin America

11.5.1. Market Revenue and Forecast, by January

11.5.2. Market Revenue and Forecast, by Application

11.5.3. Market Revenue and Forecast, by Distribution

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by January

11.5.4.2. Market Revenue and Forecast, by Application

11.5.4.3. Market Revenue and Forecast, by Distribution

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by January

11.5.5.2. Market Revenue and Forecast, by Application

11.5.5.3. Market Revenue and Forecast, by Distribution

Chapter 12. Company Profiles

12.1. Yingde Gases Group Company Limited

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Air Liquide S.A

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Linde Group

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Airgas Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Messer Group

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Buzwair Industrial Gases Factories

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Air Products and Chemicals Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Taiyo Nippon Sanso Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Air Water Incorporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. BASF SE

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global industrial gases market size was accounted at USD 112.77 billion in 2024 and it is expected to reach around USD 198.87 billion by 2034.

The global industrial gases market is poised to grow at a CAGR of 5.84% from 2025 to 2034.

The major players operating in the industrial gases market are Yingde Gases Group Company Limited, Air Liquide S.A, Linde Group, Airgas Inc., Messer Group, Buzwair Industrial Gases Factories, Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Air Water Incorporation, BASF SE

The driving factors of the industrial gases market are the growing investment in the manufacturing and processing sectors and significant growth in the food and beverage and healthcare sectors

Asia Pacific region will lead the global industrial gases market during the forecast period 2025 to 2034.

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