The global industrial gas market size accounted for USD 74,980 million in 2024 and is expected to exceed around USD 1,60,380 million by 2034, growing at a CAGR of 7.9% from 2024 to 2034.
The industrial gases market refers to the production, distribution, and use of these gases, which are the materials that are manufactured for industrial use. These gases include process gases and atmospheric gases. Nitrous oxide, hydrogen, methane, krypton, helium, neon, ozone, carbon dioxide, argon, oxygen, and nitrogen are some commonly used industry-based gases in different industries. These gases are used in heaters for gas treatments, regeneration gas heaters for air separation units, nitrogen vaporizers, nitrogen pre-heaters, hydrogen heaters, and ammonia evaporators. There is a high demand for this gas in many industries like medicine, plastic, rubber, tobacco, food, transportation equipment, manufacturing, construction, chemical industry, water treatment, and steel industry, driving the growth of the industrial gases market.
However, the risk factors of the market include environmental responsibility, storage issues, supply chain disruptions, safety concerns, and logistical constraints that can slow down the market's growth. The future scope of the market includes sustainability initiatives focusing on reducing carbon footprint, expanding the market, and investing in research and development that will help the growth of the industrial gas market.
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| Stats ID: | 7506 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7506 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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