North America Industrial Gases Market Size & Outlook
North America industrial gases market, 2018-2030 (US$M)
Related Markets
North America industrial gases market highlights
- The North America industrial gases market generated a revenue of USD 23,023.9 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 23,023.9 million |
| Market revenue in 2030 | USD 34,763.2 million |
| Growth rate | 6.1% (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 |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 21.9% of the global industrial gases market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 76,636.9 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 28.63% in 2023. Horizon Databook has segmented the North America 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.
Countries considered under North America include the U.S., Canada, and Mexico. In 2020, the U.S. accounted for the largest market share in the North American industrial gases market and is projected to record the highest CAGR over the forecast period.
Moreover, the expansion of the industrial sector in the region is anticipated to further fuel the industrial gases market. Growth in the market is also anticipated on account of the growing demand from various end-use industries, such as metallurgy and petrochemicals, coupled with the implementation of various favorable government policies to support the manufacturing sector.
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Target buyers of North America 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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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 continent-level data and insights on the North America industrial gases market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial gases market size, by country, 2018-2030 (US$M)
North America Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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