Industrial Gases Market Research Report – Forecast to 2023

Global Industrial Gas Market Research Report: Type (Oxygen, Helium, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon and Others) and Application (Healthcare, Metal and Metallurgy, Pharma and Biotech, Chemicals, Automotive and Aerospace and Others) – Forecast to 2023

ID: MRFR/E&P/5046-UR | Upcoming | Region: Global | None

Market Snapshots


Industrial Gases are gaseous materials that are produced in large quantities for use in multiple manufacturing processes. Industrial gases are valued for their reactivity, inertness and other superior physical properties.  Industrial gas demand across the globe is likely to increase and represent considerable growth over the next couple of years, projects Market Research Future (MRFR) in a detailed research report. Industrial gases are used in a myriad of applications across diverse industries. Industrial production has been showing positive signs across Europe and the Americas while the emerging economies are picking up rapidly which remains the key driver of the market. In addition to expected growth in industrial production, surging demand for industrial gases from applications in the energy, food & beverage, healthcare, electronics, and oil & gas industry sustains the growth of the global industrial gases market. Industrial gases experience massive demand from the oil & gas industry. Refineries require vast quantities of industrial gases to control various processes. Moreover, stringent environmental norms lowering permissible sulfur content of refinery products has challenged refining operators to desulfurize crude which poses opportunities for the growth of the industrial gases market.  Industrial gases find major applications in the food & beverages industry. Consumers are progressively eyeing for alternatives to conventional preservation techniques which is providing indispensable growth prospects to food-grade industrial gases. Food-grade industrial gases such as carbon dioxide act as an effective and natural way of preventing food products from moisture degradation or oxidation. Industrial gases are such as oxygen, nitrogen, carbon dioxide, and various gas mixes are used by healthcare professionals in applications ranging from respiratory care to anesthesia. However, industrial gases business is capital intensive and requires enormous investment which might be a limiting factor in the growth of the market. Emerging economies present a host of growth opportunities to the global industrial gases market. Developing countries such as China and India are endeavoring to increase their production capabilities in diverse industries such as metals, oil & gas, construction, and healthcare which induces high demand for industrial gases.


Report Overview


This MRFR study presents complete research on key trends in the global industrial gases market and an outlook for industrial gases sub-markets across regions (North America, Asia Pacific, Europe, and the Rest of the World) where the market is likely to witness significant growth during the review period. It also includes a market assessment of major types of industrial gases (oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others). The study finds that industrial gases find application in healthcare, metal and metallurgy, pharma and biotech, chemicals, automotive and aerospace, electronics, pulp and paper, food and beverages and other industries.  


Players Covered


Air Liquide S.A., Asia Technical Gas Co (PTE) LTD (ATG), Taiyo Nippon Sanso Corporation, Linde AG, Dubai Industrial Gases, MATHESON Tri-Gas Inc., National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Tripti Gases Pvt. Limited, Ellenbarrie Industrial Gases Ltd., Gulf Cryo,Messer Group GmbH, Bhuruka Gases Ltd., Goyal MG Gases Pvt. Ltd, Airgas Inc., Bristol Gases – Concorde Corodex Group, BASF, Air Products and Chemicals Inc., Cryotech Anlagebau GmbH,The Southern Gas Ltd., India Glycols Ltd., Praxair Inc., Yateem Oxygen, SICGIL India Limited,Buzwair Industrial Gases Factory, Air Products, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, and Ellenbarrie Industrial Gases Ltd.


The report provides insights on the leading market players and evaluates their current market share. Company information, growth strategies, new product launch, segmental share, geographical presence, covering annual revenue,  SWOT, M&A activities, and the latest R&D initiatives is also available in the report.


Research Methodology


This MRFR report data is gathered through advanced data triangulation methods which facilitates a stout approach for assessing key industry trends, growth hotspots, and market divergences. Data is rigorously analyzed which allows the provision of accurate, dependable and relevant market insights. Both primary and secondary sources form the foundation of the research itinerary. Top-down and bottom-up approaches assist in the authentication of market presentation and maintenance of a premium standard in market analysis.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Air Liquide S.A., Asia Technical Gas Co (PTE) LTD (ATG), Taiyo Nippon Sanso Corporation, Linde AG, Dubai Industrial Gases, MATHESON Tri-Gas Inc., National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Tripti Gases Pvt. Limited, Ellenbarrie Industrial Gases Ltd., Gulf Cryo,Messer Group GmbH, Bhuruka Gases Ltd., Goyal MG Gases Pvt. Ltd, Airgas Inc., Bristol Gases – Concorde Corodex Group, BASF, Air Products and Chemicals Inc., Cryotech Anlagebau GmbH,The Southern Gas Ltd., India Glycols Ltd., Praxair Inc., Yateem Oxygen, SICGIL India Limited,Buzwair Industrial Gases Factory, Air Products, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Mohsin Haider Darwish LLC, and Ellenbarrie Industrial Gases Ltd.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Surging demand for industrial gases from applications in the energy
  • Growth in industrial production


  • Frequently Asked Questions (FAQ) :


    A beneficial CAGR is expected to steer the market growth in the forecast period.

    A beneficial revenue level is estimated to be gained by the market.

    Tripti Gases Pvt. Limited, National Industrial Gas Plants - Mohammed Hamad Al Mana Group and Ellenbarrie Industrial Gases Ltd are a few of the contenders.

    The North American region is likely to define the global market in the coming period.

    The surging demand for industrial gases from uses in the food & beverage, energy, and healthcare sectors is estimated to aid in market development.