Global Industrial Gases Market Size & Outlook, 2023-2030
Global industrial gases market, 2018-2030 (US$M)
Related Markets
Global industrial gases market highlights
- The global industrial gases market generated a revenue of USD 105,086.8 million in 2023 and is expected to reach USD 173,426.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, oxygen accounted for a revenue of USD 29,955.5 million in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 105,086.8 million |
| Market revenue in 2030 | USD 173,426.4 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 21.9% of the global industrial gases market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 3,927.0 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial 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 industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 28.51% in 2023. Horizon Databook has segmented the Global industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The dependence of the electronics end-use market on industry gases has provided an alternate source of opportunity for the gases market, given the broad range of applications from flat-panel displays and semiconductors to LED lights and solar cells. Unlike petrochemical and metallurgy industry, the electronics end-use industry embraces suppliers to greater standards with regard to project experience, coverage and technical specifications.
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Target buyers of Global industrial gases market databook
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial gases market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global industrial gases market size, by region, 2018-2030 (US$M)
Top 10 countries: Industrial gases market size, 2023 (US$M)
Global industrial gases market share, by product, 2023 & 2030 (%, US$M)
Industrial gases market: Opportunity assessment by country
Global industrial gases market, by region, 2023 (US$M)
Related regional statistics
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