What Is The Projected Growth And Market Size Of The Industrial Gases Market?
The industrial gases market has seen robust growth in recent years and is projected to grow from $104.7 billion in 2024 to $112.38 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. This growth during the historic period can be attributed to the introduction of energy storage solutions, expansion of environmental regulations, development in glass manufacturing, adoption in food processing, and the pioneering efforts of industrial gas companies.
The industrial gases market is expected to see continued growth in the future, projected to reach $149.19 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. This forecasted growth can be attributed to digitalization and industry 4.0, increased focus on clean transportation, advancements in environmental regulations, expansion in oil refining and petrochemicals, and growth in metal fabrication.
Get Your Free Sample of The Global Industrial Gases Global Market Report 2024 Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12041&type=smp
How Is The Oil And Gas Industry Fueling The Growth Of The Industrial Gases Market?
The growth of the industrial gases market is being driven by its increasing application in the oil and gas industry. The global oil and gas sector involves the exploration, extraction, refining, transportation, and distribution of petroleum products, including crude oil, natural gas, and various hydrocarbon derivatives. Industrial gases are being utilized extensively in this industry for various purposes such as enhancing production, boosting oil extraction with gas lift techniques, and ensuring safety during the refining process with purging and blanketing methods.
What Are The Key Market Segments Within The Industrial Gases Market?
The industrial gases market report segments the market into:
1) By Product: Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, Argon
2) By Application: Packaging, Coolant, Carbonation, Cryogenic, Cutting And Welding, Laboratory, Air Separation, Other Applications
3) By Distribution: On-Site, Bulk, Cylinder
4) By End User: Metallurgy, Healthcare, Chemical, Food And Beverage, Oil And Gas, Power, Pulp And Paper, Electronics, Other End Users
Order your report now for swift delivery at
https://www.thebusinessresearchcompany.com/report/industrial-gases-global-market-report
Who Are The Major Players In The Industrial Gases Market?
Major companies operating in the industrial gases market include BASF SE, Linde plc, Air Liquide S.A., Atlas Copco, The Southern Gas Ltd., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Ingersoll Rand, Iwatani Corporation, National Gases Ltd., and others.
What Are The Emerging Trends In The Industrial Gases Market?
Major companies in the industrial gases market are developing innovative solutions like static mixers to provide sustainable hydrogen and natural gas mixing and achieve a competitive edge in the market.
Which Region Is The Largest In The Industrial Gases Market?
Asia-Pacific was the largest region in the industrial gases market in 2024 and is expected to be the fastest-growing region in the forecast period.
What Does The Industrial Gases Global Market Report 2024 Report 2025 Offer?
Industrial gases are gaseous substances produced for various industrial applications including manufacturing, healthcare, and energy. They are used in processes such as welding, food processing, and pharmaceuticals, improving operational efficiency, product quality, and safety while reducing environmental impact.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12041
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
