Global Industrial Gases Market Report: Trends, Growth and Forecast (2026-2032)
By Gas Type (Nitrogen Gas, Oxygen Gas, Carbon Dioxide Gas, Argon Gas, Helium Gas, Hydrogen Gas, Other), By Supply Mode (Cylinders, Bulk, On-Site Production, Captive, Other), By Application (Combustion and Process Oxygen, Welding and Metal Fabrication, Inerting Blanketing and Heat Treating, Cryogenics and liquefaction, Chemical Synthesis and Hydrogenation, Purging and Purifications, Analytical and Calibration), By End User Industry (General Manufacturing, Food, Metallurgy, Chemicals, Healthcare, Electronics, Refining & Energy, Glass, Pulp & Paper, Others), Region (North America, South America, Europe, Middle East & Africa, Asia Pacific)
- Energy & Power
- Jan 2026
- VI0804
- 195
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Global Industrial Gases Market Statistics and Insights, 2026
- Market Size Statistics
- Global industrial gases market is estimated at USD 107.2 billion in 2025.
- The market size is expected to grow to USD 150.43 billion by 2032.
- Market to register a CAGR of around 4.96% during 2026-32.
- Gas Shares
- Nitrogen gas grabbed market share of 35%.
- Competition
- More than 25 companies are actively engaged in producing industrial gases.
- Top 5 companies acquired around 60% of the market share.
- Iwatani Corporation; BASF SE; INOX-Air Products Inc.; Linde Plc; Air Liquide S.A. etc., are few of the top companies.
- Supply Mode
- Packaged gas supply (merchant sales) grabbed 30% of the market.
- Region
- Asia Pacific leads with a 40% share of the global market.
Global Industrial Gases Market Outlook
The Global Industrial Gases Market, estimated at $107.2 billion in 2025, is projected to develop further. By 2032, the Global Industrial Gases Market may reach $150.43 billion, with an annual growth rate (CAGR) between 2026 and 2032 of about 4.96%. The manufacturing industry's continuing development and industrial production's ongoing development continues to create various types of industrial gas demand: Nitrogen, Oxygen and several Specialty Gases. These gases assist in product and delivery operations support, maintaining the safety and quality of manufactured products across multiple market sectors (Chemicals, Steel , Refinining, Electronics, etc.) as well as continuing to drive down energy and production costs.
The majority market share in the industrial gas market aligns with nitrogen gas; Nitrogen is expected to make up about 35% of the total market. Nitrogen's inert nature provides an almost essential or primary requirement for various industries' process applications of gases, ranging from pharmaceutical manufacturing, food preservation & processing, and metal treatments to the electronics manufacturing industry. Due to large-scale production via Air Separation Equipment and point-of-use locally-based gas producers, nitrogen remains the primary industrial gas available and should remain so throughout the industrial gas market.
Around 30% of the total market is through merchant-supplied gas channels. The merchant channels support demand for flexible and reliable distribution channels for the industry. Compressed Gas Cylinders, Small Production Route (by liquid) Systems, and Point-of-Use Production Equipment assist in reducing the need for end-user organizations to enter into long-term commitments for gas pipelines and enable end-user organizations to develop cluster-based and urban-based manufacturing facilities. Merchant channel solutions offer convenience to operators, enabling financial flexibility. Merchant channel suppliers are also able to respond quickly to demand variations and offer localized service differentiation. All of these factors make the merchant supply channel a key growth contributor to the overall industrial gas marketplace.
The Asia Pacific Region is the leader in the industrial gas market, holding approximately 40% of the total market share, due to its concentrated manufacturing regions, together with a rapid industrialization trajectory supported by favorable government programs. China provides a significant global industrial base, whereas India is expected to continue to provide extremely solid growth in Chemicals, Automotive, Electronics, and Pharmaceuticals. Urbanization, Industrial Asset Modernization, and Improved Energy Efficiency have further reinforced the Asia Pacific Region as the leading region for growth through 2032 due to the continued development of Large Scale Productions, the efficient distribution of the resulting products, and the continued development of the Industrial Gases Marketplace.
Global Industrial Gases Market Growth Driver
Sustained Manufacturing Expansion Supports Industrial Gas Demand
Manufacturing expansion around the world continues to create a need for industrial gases. Gases are important to the operation of processes and for safety within the chemical processing, steel manufacturing, refining, and electronic manufacturing industries. In April 2024, India's production of industrial products grew by 5%. Manufacturing production increased by 5.5% compared to the previous year, driven by increased growth in the metal fabrication, chemical manufacturing, and petroleum refining sectors. In 2024, industrial consumption of energy reached roughly 170 exajoules, which was 39% of total global consumption of final energy. Despite a slight increase (1%) in annual intensity of using energy, the global industrial manufacturing sector shows strong signs of continued growth of productive capacity rather than contraction of productivity. The relatively stable contribution of manufacturing value added to the gross domestic product (GDP) of industrialized countries indicates a consistent base demand for nitrogen, oxygen, and specialized gases and confirms that these gases are necessary inputs for manufacturers to maintain their competitiveness and comply with regulatory quality requirements.
Industrialized countries are seeing an increase in energy and production costs which promotes energy efficient gas usage and gas usage for applications that are specialty in nature. The combined steel, chemical, and petroleum refining industries represent approximately 58% of the total energy consumed by industrialized economies. Specialized gases are needed to maintain operations in these sectors due to increased combustibility during periods of peak demand. Industrial energy spending in the member countries of the International Energy Agency (IEA) was approximately $1.2 trillion dollars in 2022, which was an increase of 80% compared to 2020 mainly due to increased investment in expanding production capacity and improving production efficiency. In the United States in 2023, ammonia production facilities were operating at nearly 90% of their productive capacity, indicating limited available productive capacity for meeting increased demand. As a result of these trends, industrial gas suppliers are faced with a need to develop dependable gas supply chains to continue to meet consistent demand from a variety of industrial end-users during the forecasted period of time for this market.
Global Industrial Gases Market Challenge
Energy Cost Pressures and Production Flexibility Challenges
From 2020 to 2022, global energy prices surged 80%, representing approximately $1.2 trillion in annual expenditures for industrial energy usage for IEA countries. Along with the high price of energy, the underlying high amount of energy used on average by all industries in 2022 represented an average cost factor in the overall financial performance of most manufacturing operations, and only limited opportunities for high margin recovery exist when energy prices return to historical trending or lower levels from time through aerating factors/amplications through forecasted periods 2023-2024.
Natural gas prices are still well above the 2.5 standard deviation above the average price of natural gas since an overall average price of $3.02 U.S. for the average price of natural gas through 2024, limiting the potential for margin recovery for ammonia producers. Additionally, continued pressure on manufacturing capacity utilization, current manufacturing capacity expansion plans (for example, 2% developed ammonia capacity growth for the U.S. through the year 2028, relative to 6% globally) and the dependence of infrastructure and energy supply systems on weather disruption (for example, the reduced availability of liquefied natural gas due to extreme weather) create uncertainty for manufacturers contemplating the construction and operation of capital-intensive manufacturing facilities that rely on the continuous supply of natural gas.
Global Industrial Gases Market Trend
Expansion of Green Hydrogen Technologies Transforming Industrial Applications
Green hydrogen production technology has developed significantly in a short period of time, thus allowing the industrial decarbonisation process to become more economically feasible. For example, the expected decrease (i.e., 40% lower than 2020) in the price of electolyser by 2030 is the result of scaling up from smaller scale to larger electolysers (e.g., 20 MW vs 1 MW). As a result of increased global installed capacity of electrolysers, manufacturing and supply chains will develop supporting the cost reduction trends. In India, The National Green Hydrogen Mission aims to achieve $2/kg hydrogen produced by 2030, a total decrease of $1-$1.75/kg by taking advantage of cheaper renewable electricity sources, and establishing a local manufacturing base for electrolyser production. As production costs decrease, many industrial customers in the refining, chemicals and ammonia synthesis stages are entering into long-term supply agreements in order to create the infrastructure needed for these increase in production volumes, thus increasing the likelihood of future investments by manufacturers and suppliers into growing markets.
Though implementation has challenges (i.e., only 4% of hydrogen projects announced as of 2024 are being financed or constructed) due to financing and regulatory risks, the operational costs of producing green hydrogen are currently double to triple that of producing carbon-based hydrogen for the future, as such green hydrogen product applications will require significant reductions in cost before broad market adoption is achieved. Hydrogen produced using green renewable sources will be primarily used as an industrial process heat and as a reduction agent. Expansion of policy support for the sector (i.e., carbon contracts, sector specific mandates) will provide further regulatory support for the establishment of growing markets. Green hydrogen technology will reach cost parity with traditional hydrogen production levels by 2030 in several applications, thereby allowing cleaner forms of industrial gases and the increased decarbonisation of energy intensive manufacturing processes.
Global Industrial Gases Market Opportunity
Clean Energy Investments Creating Strategic Industrial Gas Opportunities
In 2024, Total Global Clean Energy Investments surpassed a whopping 2 Trillion USD, outpacing Total Global Fossil Fuel Investment, and establishing an incredible opportunity for Industrial Gas Suppliers to tap into these markets. As Industrial Decarbonization is expected to require well over 10 Trillion USD by mid-century, there will be a continued need for Clean Hydrogen, Electrification, and Efficiency Technologies as the basis for all industrial growth moving forward. Many of the large growth regions for Industrial Gas Suppliers are located within the Asia-Pacific Region, as Government Programs focused on Digital Transformation and Industrial Modernization have created many growth opportunities in these countries for New Gases and Upgraded Manufacturing Facilities that incorporate Automation and Energy Efficiency Technologies. Environmental Regulations that require reductions in Nitrogen Oxide Emissions from Shipping, Aviation, and Industrial facilities have opened up many new markets for Specialty Gases from Hydrogen-Based Fuel Applications and created New End-User Markets outside of Traditional Industrial Segments.
Many of the Policymakers are using Carbon Pricing, Renewable Energy Targets, and Industrial Emissions Mandates as a mechanism to drive investment from Suppliers of Decarbonization Solutions into Regional Markets. In order to meet the accelerating demand for Green Hydrogen via Electrolysis, there will be increased demand for Ultra-Pure Oxygen, Nitrogen, and Specialty Gas Mixtures and therefore an increase in New End Users Industrially. Countries within the Asia-Pacific Region, Europe, and North America have implemented various policy initiatives that allow Supply Chain Development to continually differentiate Over the Running 2032 Supply Chain across the World for those Suppliers who develop their business model with Supply Chain Co-location of Hydrogen Production with Industrial Clusters, thereby reducing Logistics Costs, Greatly Improving Project Economics, and Increasing Access to Marketing Penetration Strategies.
Global Industrial Gases Market Regional Analysis
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Asia Pacific commanded approximately 40% of the global industrial gases market share, reflecting concentrated industrial production, rapid economic growth, and extensive manufacturing clusters. China accounts for majority of global manufacturing output, while India’s 5% industrial growth contributes to regional expansion across automotive, electronics, pharmaceutical, and chemical processing sectors. Regional competitiveness is supported by lower production costs, skilled labor availability, proximity to raw materials, and government policy incentives for industrial modernization. Continued urbanization and industrial capacity expansion reinforce industrial gas infrastructure development, positioning Asia Pacific as the primary growth engine for the global market through 2032.
Regional dominance is further strengthened by supply chain efficiencies and policy-driven investments. Government incentives for cluster development, technology adoption, and energy efficiency enhance competitiveness for industrial gas suppliers. Concentrated hubs facilitate large-scale production, efficient distribution, and localized service solutions, supporting both bulk and packaged gas requirements. End users benefit from proximity to supply, cost-effective infrastructure, and supportive policy frameworks, sustaining Asia-Pacific’s leadership position in the global industrial gases market and reinforcing long-term growth potential across multiple sectors.
Global Industrial Gases Market Segmentation Analysis
By Gas
- Nitrogen Gas
- Oxygen Gas
- Carbon dioxide Gas
- Argon Gas
- Hydrogen Gas
- Helium Gas
- Acetylene Gas
- Others
Nitrogen gas captured approximately 35% of the global industrial gases market share, establishing it as the predominant gas by volume and commercial importance. Its inert properties are critical for preventing oxidation across applications including food preservation, semiconductor and electronics manufacturing, pharmaceutical processing, and metal treatment operations. Commercial production leverages air separation units for cost-effective supply at large regional facilities, complemented by distributed point-of-use generation for dispersed end users. Concentration of manufacturing in Asia-Pacific metropolitan centers and industrial zones drives infrastructure development to ensure reliable high-purity nitrogen supply for electronics, pharmaceuticals, and food processing industries through the forecast period.
The wide applicability of nitrogen reinforces its market leadership. End users rely on nitrogen to maintain product quality, operational safety, and process efficiency, creating consistent demand across both traditional and emerging industrial segments. Large-scale regional production and localized generation balance cost and availability while sustaining uninterrupted supply. Continuous investment in supply infrastructure and logistics networks strengthens nitrogen’s foundational role in global industrial gas portfolios, supporting commercial dominance and providing long-term growth opportunities for distributors and end users worldwide.
By Supply Mode
- Packaged Gas Supply (Merchant Sales)
- Bulk or Liquid Gas Supply
- On-site Generation or Pipeline Supply
- Gas-as-a-Service Model
The merchant distribution model reinforces its dominant position through reliability and adaptability. End users benefit from reduced capital requirements and enhanced continuity of operations, particularly in industrial clusters and urban manufacturing hubs. Regional distribution networks expand to meet growing demand, supporting both bulk and small-scale packaged gas deliveries. Merchant gas supply enables rapid response to production fluctuations, ensuring uninterrupted operations and sustained market growth. The channel remains a central component of global industrial gas delivery strategies, underpinning stability and long-term expansion throughout the forecast period.
Market Players in Global Industrial Gases Market
These market players maintain a significant presence in the Global industrial gases market sector and contribute to its ongoing evolution.
- Iwatani Corporation
- BASF SE
- INOX-Air Products Inc.
- Linde Plc
- Air Liquide S.A.
- Air Products
- Nippon Sanso Holdings Corporation
- Messer SE & Co. KGaA
- Gulf Cryo K.S.C.
- Ellenbarrie Industrial Gases Ltd
- Yinde Group
- Sol Spa / Sol Group
- Matheson Tri-Gas
- Southern Company Gas
- Universal Industrial Gases
Market News & Updates
- Linde Plc, 2025:
Signed a long‑term agreement to invest over US$400 million in a world‑scale air separation unit to supply oxygen and nitrogen for Blue Point’s 1.4 million metric‑ton low‑carbon ammonia facility in Louisiana, with startup expected in 2029.
- Air Liquide S.A., 2025:
Achieved world-first successful start-up of industrial-scale ammonia cracking pilot unit (30 tons per day capacity) at Port of Antwerp-Bruges, Belgium (November 12, 2025), enabling conversion of ammonia into hydrogen for low-carbon and renewable hydrogen supply chains.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. Global Industrial Gases Market Policies, Regulations, and Standards
4. Global Industrial Gases Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. Global Industrial Gases Market Statistics, 2022-2032F
5.1. Market Size & Growth Outlook
5.1.1.By Revenues in USD Million
5.1.2.By Quantity Sold in Tons
5.2. Market Segmentation & Growth Outlook
5.2.1.By Gas
5.2.1.1. Nitrogen Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.2. Oxygen Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.3. Carbon dioxide Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.4. Argon Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.5. Hydrogen Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.6. Helium Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.7. Acetylene Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.1.8. Others- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.By Application
5.2.2.1. Combustion and Process Oxygen- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.2. Welding and Metal Fabrication- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.3. Inerting Blanketing and Heat Treating- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.4. Cryogenics and Liquefaction- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.5. Chemical Synthesis and Hydrogenation- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.6. Purging and Purifications- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.2.7. Analytical and Calibration- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.3.By Supply Mode
5.2.3.1. Packaged Gas Supply (Merchant Sales)- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.3.2. Bulk or Liquid Gas Supply- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.3.3. On-site Generation or Pipeline Supply- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.3.4. Gas-as-a-Service Model- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.By End User Industry
5.2.4.1. Oil and Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.2. Petrochemicals and Chemicals- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.3. Power and Energy- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.4. Mining, Steelmaking, Metals- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.5. Healthcare- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.6. Food and Beverages- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.7. Fertilizers- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.4.8. Others- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
5.2.5.By Region
5.2.5.1. North America
5.2.5.2. South America
5.2.5.3. Europe
5.2.5.4. Middle East & Africa
5.2.5.5. Asia Pacific
5.2.6.By Competitors
5.2.6.1. Competition Characteristics
5.2.6.2. Market Share & Analysis
6. North America Industrial Gases Market Statistics, 2022-2032F
6.1. Market Size & Growth Outlook
6.1.1.By Revenues in USD Million
6.1.2.By Quantity Sold in Tons
6.2. Market Segmentation & Growth Outlook
6.2.1.By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.2.2.By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.2.3.By Supply Mode- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.2.4.By End User Industry- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.2.5.By Country
6.2.5.1. United States
6.2.5.2. Canada
6.2.5.3. Mexico
6.2.5.4. Rest of North America
6.3. United States Industrial Gases Market Statistics, 2022-2032F
6.3.1.Market Size & Growth Outlook
6.3.1.1. By Revenues in USD Million
6.3.1.2. By Quantity Sold in Tons
6.3.2.Market Segmentation & Growth Outlook
6.3.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.3.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.4. Canada Industrial Gases Market Statistics, 2022-2032F
6.4.1.Market Size & Growth Outlook
6.4.1.1. By Revenues in USD Million
6.4.1.2. By Quantity Sold in Tons
6.4.2.Market Segmentation & Growth Outlook
6.4.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.4.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.5. Mexico Industrial Gases Market Statistics, 2022-2032F
6.5.1.Market Size & Growth Outlook
6.5.1.1. By Revenues in USD Million
6.5.1.2. By Quantity Sold in Tons
6.5.2.Market Segmentation & Growth Outlook
6.5.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
6.5.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7. South America Industrial Gases Market Statistics, 2022-2032F
7.1. Market Size & Growth Outlook
7.1.1.By Revenues in USD Million
7.1.2.By Quantity Sold in Tons
7.2. Market Segmentation & Growth Outlook
7.2.1.By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.2.2.By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.2.3.By Supply Mode- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.2.4.By End User Industry- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.2.5.By Country
7.2.5.1. Brazil
7.2.5.2. Argentina
7.2.5.3. Rest of South America
7.3. Brazil Industrial Gases Market Statistics, 2022-2032F
7.3.1.Market Size & Growth Outlook
7.3.1.1. By Revenues in USD Million
7.3.1.2. By Quantity Sold in Tons
7.3.2.Market Segmentation & Growth Outlook
7.3.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.3.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.4. Argentina Industrial Gases Market Statistics, 2022-2032F
7.4.1.Market Size & Growth Outlook
7.4.1.1. By Revenues in USD Million
7.4.1.2. By Quantity Sold in Tons
7.4.2.Market Segmentation & Growth Outlook
7.4.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
7.4.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8. Europe Industrial Gases Market Statistics, 2022-2032F
8.1. Market Size & Growth Outlook
8.1.1.By Revenues in USD Million
8.1.2.By Quantity Sold in Tons
8.2. Market Segmentation & Growth Outlook
8.2.1.By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.2.2.By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.2.3.By Supply Mode- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.2.4.By End User Industry- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.2.5.By Country
8.2.5.1. Germany
8.2.5.2. France
8.2.5.3. United Kingdom
8.2.5.4. Italy
8.2.5.5. Spain
8.2.5.6. Rest of Europe
8.3. Germany Industrial Gases Market Statistics, 2022-2032F
8.3.1.Market Size & Growth Outlook
8.3.1.1. By Revenues in USD Million
8.3.1.2. By Quantity Sold in Tons
8.3.2.Market Segmentation & Growth Outlook
8.3.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.3.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.4. France Industrial Gases Market Statistics, 2022-2032F
8.4.1.Market Size & Growth Outlook
8.4.1.1. By Revenues in USD Million
8.4.1.2. By Quantity Sold in Tons
8.4.2.Market Segmentation & Growth Outlook
8.4.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.4.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.5. United Kingdom Industrial Gases Market Statistics, 2022-2032F
8.5.1.Market Size & Growth Outlook
8.5.1.1. By Revenues in USD Million
8.5.1.2. By Quantity Sold in Tons
8.5.2.Market Segmentation & Growth Outlook
8.5.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.5.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.6. Italy Industrial Gases Market Statistics, 2022-2032F
8.6.1.Market Size & Growth Outlook
8.6.1.1. By Revenues in USD Million
8.6.1.2. By Quantity Sold in Tons
8.6.2.Market Segmentation & Growth Outlook
8.6.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.6.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.7. Spain Industrial Gases Market Statistics, 2022-2032F
8.7.1.Market Size & Growth Outlook
8.7.1.1. By Revenues in USD Million
8.7.1.2. By Quantity Sold in Tons
8.7.2.Market Segmentation & Growth Outlook
8.7.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
8.7.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9. Middle East & Africa Industrial Gases Market Statistics, 2022-2032F
9.1. Market Size & Growth Outlook
9.1.1.By Revenues in USD Million
9.1.2.By Quantity Sold in Tons
9.2. Market Segmentation & Growth Outlook
9.2.1.By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.2.2.By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.2.3.By Supply Mode- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.2.4.By End User Industry- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.2.5.By Country
9.2.5.1. Saudi Arabia
9.2.5.2. UAE
9.2.5.3. South Africa
9.2.5.4. Rest of Middle East & Africa
9.3. Saudi Arabia Industrial Gases Market Statistics, 2022-2032F
9.3.1.Market Size & Growth Outlook
9.3.1.1. By Revenues in USD Million
9.3.1.2. By Quantity Sold in Tons
9.3.2.Market Segmentation & Growth Outlook
9.3.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.3.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.4. UAE Industrial Gases Market Statistics, 2022-2032F
9.4.1.Market Size & Growth Outlook
9.4.1.1. By Revenues in USD Million
9.4.1.2. By Quantity Sold in Tons
9.4.2.Market Segmentation & Growth Outlook
9.4.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.4.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.5. South Africa Industrial Gases Market Statistics, 2022-2032F
9.5.1.Market Size & Growth Outlook
9.5.1.1. By Revenues in USD Million
9.5.1.2. By Quantity Sold in Tons
9.5.2.Market Segmentation & Growth Outlook
9.5.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
9.5.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10. Asia Pacific Industrial Gases Market Statistics, 2022-2032F
10.1. Market Size & Growth Outlook
10.1.1. By Revenues in USD Million
10.1.2. By Quantity Sold in Tons
10.2. Market Segmentation & Growth Outlook
10.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.2.3. By Supply Mode- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.2.4. By End User Industry- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.2.5. By Country
10.2.5.1. China
10.2.5.2. India
10.2.5.3. Japan
10.2.5.4. South Korea
10.2.5.5. Australia
10.2.5.6. Rest of Asia Pacific
10.3. China Industrial Gases Market Statistics, 2022-2032F
10.3.1. Market Size & Growth Outlook
10.3.1.1. By Revenues in USD Million
10.3.1.2. By Quantity Sold in Tons
10.3.2. Market Segmentation & Growth Outlook
10.3.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.3.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.4. India Industrial Gases Market Statistics, 2022-2032F
10.4.1. Market Size & Growth Outlook
10.4.1.1. By Revenues in USD Million
10.4.1.2. By Quantity Sold in Tons
10.4.2. Market Segmentation & Growth Outlook
10.4.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.4.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.5. Japan Industrial Gases Market Statistics, 2022-2032F
10.5.1. Market Size & Growth Outlook
10.5.1.1. By Revenues in USD Million
10.5.1.2. By Quantity Sold in Tons
10.5.2. Market Segmentation & Growth Outlook
10.5.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.5.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.6. South Korea Industrial Gases Market Statistics, 2022-2032F
10.6.1. Market Size & Growth Outlook
10.6.1.1. By Revenues in USD Million
10.6.1.2. By Quantity Sold in Tons
10.6.2. Market Segmentation & Growth Outlook
10.6.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.6.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.7. Australia Industrial Gases Market Statistics, 2022-2032F
10.7.1. Market Size & Growth Outlook
10.7.1.1. By Revenues in USD Million
10.7.1.2. By Quantity Sold in Tons
10.7.2. Market Segmentation & Growth Outlook
10.7.2.1. By Gas- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
10.7.2.2. By Application- Market Insights and Forecast 2022-2032, USD Million & Quantity in Tons
11. Competitive Outlook
11.1. Company Profiles
11.1.1. Linde Plc
11.1.1.1. Business Description
11.1.1.2. Product Portfolio
11.1.1.3. Collaborations & Alliances
11.1.1.4. Recent Developments
11.1.1.5. Financial Details
11.1.1.6. Others
11.1.2. Air Liquide S.A.
11.1.2.1. Business Description
11.1.2.2. Product Portfolio
11.1.2.3. Collaborations & Alliances
11.1.2.4. Recent Developments
11.1.2.5. Financial Details
11.1.2.6. Others
11.1.3. Air Products
11.1.3.1. Business Description
11.1.3.2. Product Portfolio
11.1.3.3. Collaborations & Alliances
11.1.3.4. Recent Developments
11.1.3.5. Financial Details
11.1.3.6. Others
11.1.4. Nippon Sanso Holdings Corporation
11.1.4.1. Business Description
11.1.4.2. Product Portfolio
11.1.4.3. Collaborations & Alliances
11.1.4.4. Recent Developments
11.1.4.5. Financial Details
11.1.4.6. Others
11.1.5. Messer SE & Co. KGaA
11.1.5.1. Business Description
11.1.5.2. Product Portfolio
11.1.5.3. Collaborations & Alliances
11.1.5.4. Recent Developments
11.1.5.5. Financial Details
11.1.5.6. Others
11.1.6. Iwatani Corporation
11.1.6.1. Business Description
11.1.6.2. Product Portfolio
11.1.6.3. Collaborations & Alliances
11.1.6.4. Recent Developments
11.1.6.5. Financial Details
11.1.6.6. Others
11.1.7. BASF SE
11.1.7.1. Business Description
11.1.7.2. Product Portfolio
11.1.7.3. Collaborations & Alliances
11.1.7.4. Recent Developments
11.1.7.5. Financial Details
11.1.7.6. Others
11.1.8. INOX-Air Products Inc.
11.1.8.1. Business Description
11.1.8.2. Product Portfolio
11.1.8.3. Collaborations & Alliances
11.1.8.4. Recent Developments
11.1.8.5. Financial Details
11.1.8.6. Others
11.1.9. Gulf Cryo K.S.C.
11.1.9.1. Business Description
11.1.9.2. Product Portfolio
11.1.9.3. Collaborations & Alliances
11.1.9.4. Recent Developments
11.1.9.5. Financial Details
11.1.9.6. Others
11.1.10. Ellenbarrie Industrial Gases Ltd
11.1.10.1.Business Description
11.1.10.2.Product Portfolio
11.1.10.3.Collaborations & Alliances
11.1.10.4.Recent Developments
11.1.10.5.Financial Details
11.1.10.6.Others
11.1.11. Yinde Group
11.1.11.1.Business Description
11.1.11.2.Product Portfolio
11.1.11.3.Collaborations & Alliances
11.1.11.4.Recent Developments
11.1.11.5.Financial Details
11.1.11.6.Others
11.1.12. Sol Spa / Sol Group
11.1.12.1.Business Description
11.1.12.2.Product Portfolio
11.1.12.3.Collaborations & Alliances
11.1.12.4.Recent Developments
11.1.12.5.Financial Details
11.1.12.6.Others
11.1.13. Matheson Tri-Gas
11.1.13.1.Business Description
11.1.13.2.Product Portfolio
11.1.13.3.Collaborations & Alliances
11.1.13.4.Recent Developments
11.1.13.5.Financial Details
11.1.13.6.Others
11.1.14. Southern Company Gas
11.1.14.1.Business Description
11.1.14.2.Product Portfolio
11.1.14.3.Collaborations & Alliances
11.1.14.4.Recent Developments
11.1.14.5.Financial Details
11.1.14.6.Others
11.1.15. Universal Industrial Gases
11.1.15.1.Business Description
11.1.15.2.Product Portfolio
11.1.15.3.Collaborations & Alliances
11.1.15.4.Recent Developments
11.1.15.5.Financial Details
11.1.15.6.Others
12. Disclaimer
| Segment | Sub-Segment |
|---|---|
| By Gas |
|
| By Application |
|
| By Supply Mode |
|
| By End User Industry |
|
| By Region |
|
Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
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