U.S. Industrial Gases Market Size & Outlook, 2023-2030
U.S. industrial gases market, 2018-2030 (US$M)
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U.S. industrial gases market highlights
- The U.S. industrial gases market generated a revenue of USD 17,406.9 million in 2023 and is expected to reach USD 26,524.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.2% 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 17,406.9 million |
| Market revenue in 2030 | USD 26,524.7 million |
| Growth rate | 6.2% (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, U.S. accounted for 16.6% 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 North America, U.S. industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,595.7 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 28.85% in 2023. Horizon Databook has segmented the U.S. 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 U.S. accounted for majority share in the North American industrial gases market and the trend is projected to continue till 2027. The U.S. emerged as one of the major countries utilizing industrial gases, as the country has the presence large number of major industrial gas suppliers such as Linde, Air Liquide, Messer, and Air Products & Chemicals.
The growing healthcare industry in the U.S., coupled with growing R&D in the healthcare sector owing to the recent outbreak of the COVID-19 pandemic, is also one of the major reasons driving the demand for industrial gases.
The Internet is also a major factor driving the growth of the electronics and consumer electronics market. Almost all major chores, including shopping for clothes, groceries, booking transportation tickets, and movie & event tickets, are being done online via mobile devices and computers.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industrial gases market size, by product, 2018-2030 (US$M)
U.S. Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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