Global Cryogenic Gases Market Size & Outlook, 2024-2030
Global cryogenic gases market, 2018-2030 (US$M)
Related Markets
Global cryogenic gases market highlights
- The global cryogenic gases market generated a revenue of USD 75,286.2 million in 2024 and is expected to reach USD 110,308.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.7% by 2030.
- In terms of segment, oxygen accounted for a revenue of USD 34,455.0 million in 2024.
- Oxygen is the most lucrative product type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 75,286.2 million |
| Market revenue in 2030 | USD 110,308.8 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Oxygen |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nitrogen, Oxygen, Argon, LNG |
Other key industry trends
- In terms of revenue, the North America accounted for 17.0% of the global cryogenic gases market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 16,792.7 million by 2030.
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Cryogenic Gases Market Scope
Cryogenic Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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.
Oxygen was the largest segment with a revenue share of 45.77% in 2024. Horizon Databook has segmented the Global cryogenic gases market based on nitrogen, oxygen, argon, lng covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cryogenic Gases Product Type Outlook (Revenue, USD Million, 2018-2030)
- Nitrogen
- Oxygen
- Argon
- LNG
- Others
- Global Cryogenic Gases Application Outlook (Revenue, USD Million, 2018-2030)
- Healthcare
- Manufacturing
- Metallurgy & Glass
- Food & Beverages
- Retail
- Chemicals & Energy
- Others
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Our clientele includes a mix of cryogenic gases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cryogenic gases market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cryogenic gases market size, 2024 (US$M)
Global cryogenic gases market share, by product type, 2024 & 2030 (%, US$M)
Cryogenic gases market: Opportunity assessment by country
Global cryogenic gases market, by region, 2024 (US$M)
Related regional statistics
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