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.
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 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
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
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
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
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
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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