UK Industrial Gases Market Size & Outlook, 2023-2030
UK industrial gases market, 2018-2030 (US$M)
Related Markets
UK industrial gases market highlights
- The UK industrial gases market generated a revenue of USD 6,524.1 million in 2023 and is expected to reach USD 9,450.3 million by 2030.
- The UK market is expected to grow at a CAGR of 5.4% 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.
Industrial gases market data book summary
| Market revenue in 2023 | USD 6,524.1 million |
| Market revenue in 2030 | USD 9,450.3 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 6.2% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10,953.8 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 26.48% in 2023. Horizon Databook has segmented the UK 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 UK is one of the key markets in the European region owing to growth in primary industry i.e. manufacturing, food & beverages, and pharmaceutical industries. Increasing utilization of industrial gases in manufacturing and healthcare applications is driving the demand for industrial gases in the country.
The healthcare segment is the fastest-growing application segment in the region. In 2018, the country contributed 9.8% of its GDP to health expenditure. High demand for high-purity and noble gases is projected because of increasing requirements in manufacturing applications such as metal fabrication, chemical production, and welding & cutting.
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Target buyers of UK 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 country-level data and insights on the UK industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into UK industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK industrial gases market size, by product, 2018-2030 (US$M)
UK Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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