Industrial Gases Market by Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Others), by Application (Packaging, Coolant, Carbonation, Cryogenic, Cutting & Welding, Laboratory, Air Separation, Others), by End User (Metallurgy, Healthcare, Chemical, Food, Beverages, Oil & Gas, Power, Pulp, Paper, Electronics, Water Treatment, Mining, Others), by By Geography (North America), by Europe (By Gas Type, By Application, By End-User, By Country), by Asia Pacific (By Gas Type, By Application, By End-User, By Country), by Latin America (By Gas Type, By Application, By End-User, By Country), by The Middle East and Africa (By Gas Type, By Application, By End-User, By Country) Forecast 2024-2032
The Industrial Gases Market size was valued at USD 88.05 USD Billion in 2023 and is projected to reach USD 127.24 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Industrial gases are a diverse range of gases produced for use in various industrial processes. They are essential for manufacturing, chemical production, and energy sectors. The main types of industrial gases include oxygen, nitrogen, argon, carbon dioxide, and hydrogen. Each type has distinct features and applications: Oxygen supports combustion and is used in steelmaking and medical treatments; Nitrogen is used for inert atmospheres and refrigeration; Argon is employed in welding and as a shielding gas; Carbon dioxide is utilized in beverage carbonation and as a refrigerant; Hydrogen is a key component in fuel cells and hydrogenation processes. These gases are critical for operations across multiple industries, enabling efficient and innovative production methods.
Industrial Gases Trends
Gas Type:
Application:
End User:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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