Global Cryogenic Gases Market Size & Outlook, 2026-2033
Global cryogenic gases market, 2021-2033 (US$M)
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Global cryogenic gases market highlights
- The global cryogenic gases market generated a revenue of USD 79,856.9 million in 2025 and is expected to reach USD 131,075.8 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 6.4% by 2033.
- In terms of segment, healthcare accounted for a revenue of USD 23,072.0 million in 2025.
- Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 79,856.9 million |
| Market revenue in 2033 | USD 131,075.8 million |
| Growth rate | 6.4% (CAGR from 2026 to 2033) |
| Largest segment | Healthcare |
| Fastest growing segment | Healthcare |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Retail, Others Application, Healthcare, Metallurgy & Glass, Food & Beverages, Chemicals & Energy, Manufacturing |
Other key industry trends
- In terms of revenue, the North America accounted for 17.0% of the global cryogenic gases market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 20,579.6 million by 2033.
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Cryogenic Gases Market Scope
Cryogenic Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MAN Energy Solutions | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.man-es.com/ |
| Galileo FX | View profile | 251-500 | Orlando, Florida, United States, North America | https://store.galileofx.com/ |
| Cryolor | View profile | 251-500 | Ennery, Picardie, France, Europe | https://www.cryolor.com |
| INOX India Pvt Ltd | View profile | 251-500 | Vadodara, Gujarat, India, Asia | http://www.inoxindia.com |
| Wessington Cryogenics | View profile | 101-250 | Houghton Le Spring, Durham, United Kingdom, Europe | https://wessingtoncryogenics.com/ |
| Herose UK | View profile | 11-50 | Armthorpe, Doncaster, United Kingdom, Europe | https://www.herose.co.uk |
| ULVAC Inc | View profile | 6264 | 2500 Hagisono, Kanagawa, Chigasaki, Japan, 253-8543 | http://www.ulvac.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Standex International Corp | View profile | 3800 | 23 Keewaydin Drive, Salem, NH, United States, 03079 | https://www.standex.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Nikkiso Co Ltd | View profile | 8529 | 4-20-3, Ebisu, Shibuya-ku, Tokyo, Japan, 150-6022 | http://www.nikkiso.co.jp |
| Chart Industries Inc | View profile | 11637 | 2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, United States, 30107 | https://www.chartindustries.com |
Global cryogenic gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryogenic gases market will help companies and investors design strategic landscapes.
Healthcare was the largest segment with a revenue share of 28.89% in 2025. Horizon Databook has segmented the Global cryogenic gases market based on retail, others application, healthcare, metallurgy & glass, food & beverages, chemicals & energy, manufacturing covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Cryogenic Gases Product Type Outlook (Revenue, USD Million, 2021-2033)
- Nitrogen
- Oxygen
- LNG
- Others
- Argon
- Global Cryogenic Gases Application Outlook (Revenue, USD Million, 2021-2033)
- Retail
- Others Application
- Healthcare
- Metallurgy & Glass
- Food & Beverages
- Chemicals & Energy
- Manufacturing
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Our clientele includes a mix of cryogenic gases market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cryogenic gases market , including forecasts for subscribers. This global databook contains high-level insights into Global cryogenic gases market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global cryogenic gases market size, by regions, 2021-2033 (US$M)
Top 10 countries: Cryogenic gases market size, 2024 (US$M)
Global cryogenic gases market share, by application, 2025 & 2033 (%, US$M)
Cryogenic gases market: Opportunity assessment by country
Global cryogenic gases market, by region, 2025 (US$M)
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