As per MRFR analysis, the North America Industrial Gases Market Size was estimated at 346.5 (USD Million) in 2023. The North America Industrial Gases Market Industry is expected to grow from 367.5 (USD Million) in 2024 to 707 (USD Million) by 2035. The North America Industrial Gases Market CAGR (growth rate) is expected to be around 6.129% during the forecast period (2025 - 2035).
The North America industrial gases market is undergoing profound changes that reflect the development of industrial activities in the region. Among the various factors that drive demand in the market, the use of industrial gases in the manufacturing, chemicals, healthcare, and food processing industries are growing. The increased focus on energy and environment conservation is forcing industries to use cleaner production processes, which is increasing the demand for industrial gases, especially oxygen and nitrogen. Moreover, automation and the Internet of Things (IoT) are technological advancements that affect the production and delivery processes of industrial gases, making operations more efficient and less wasteful.
The scope of opportunities in the North American market are virtually limitless, especially with the recent emphasis on green technologies. In particular, there is great demand for the development of hydrogen-based energy solutions that have the power to change the face of energy. Businesses are working to find methods to integrate hydrogen production into their processes to provide cleaner energy for industrial use. Additionally, the market is also undergoing a shift towards the regional production and distribution of industrial gases to reduce logistics costs and decrease lead times, an essential requirement for industries that utilize Just In Time (JIT) manufacturing systems.
In addition, the recent years have noted an increased emphasis on safety and compliance within the industrial gases industry. This is especially relevant in North America, where both national and regional agencies are implementing strict standards for the manufacturing, storage, and servicing of gases for the protection of workers and the environment. Companies are adopting these regulations and putting in new safety technologies which improves compliance and gas industrial technology. All this suggests a change of attitude in responsibly managing industrial gases. In summary, the entire North America Industrial Gases Market is being molded by new developments in technology, policies, and an evolving focus on enduring efforts toward environmental protection.
Increasing Demand from Healthcare Sector
The North America Industrial Gases Market Industry is experiencing a significant boost due to the increasing demand for medical gases in the healthcare sector. The Centers for Medicare & Medicaid Services have reported a growing need for oxygen and other medical gases, driven in part by the rising incidence of chronic respiratory diseases and the aging population in North America. Between 2015 and 2020, there was an approximate 50 percent increase in the use of oxygen therapy, which is crucial for patients with conditions such as Chronic Obstructive Pulmonary Disease (COPD).
This trend is further supported by established organizations like Air Products and Chemicals, Inc. and Praxair, Inc., who have extended their operations to meet the healthcare demands, indicating a strong correlation between industrial gas supply and healthcare advancements. As medical facilities continue to expand and the population ages, the demand for industrial gases in healthcare is expected to drive substantial growth in the North America Industrial Gases Market.
Focus on Sustainability and Environmental Regulations
In North America, there is a growing emphasis on sustainability, driven by both regulatory frameworks and public sentiment regarding environmental issues. Regulations such as the Clean Air Act enforced by the Environmental Protection Agency (EPA) promote a reduction in greenhouse gas emissions, which in turn encourages industries to transition to cleaner technologies that utilize industrial gases. The North America Industrial Gases Market Industry benefits from this trend, as more companies adopt carbon capture and storage technologies, which rely heavily on industrial gases like carbon dioxide. For instance, leading companies such as Air Liquide have actively engaged in developing sustainable practices, reflecting the market’s shift towards embracing eco-friendly solutions. This regulatory pressure accompanied by a societal push for a greener future positions the North America Industrial Gases Market favorably for sustained growth.
Technological Advancements and Innovation
The North America Industrial Gases Market Industry is significantly influenced by technological advancements in production and distribution processes. Innovations such as cryogenic air separation and on-site gas generation technologies have improved efficiency and reduced costs. The Department of Energy has acknowledged that implementation of advanced gas extraction technologies can lead to a reduction of costs by as much as 20 percent. Companies such as Linde plc are investing heavily in Research and Development (R&D) to streamline operations and enhance product offerings, thereby enhancing overall market competitiveness. As these technologies mature, they are likely to contribute to a more robust North America Industrial Gases Market, meeting the increasing industrial demands effectively.
Rising Industrial Consumption and Manufacturing Growth
The growth of the manufacturing sector in North America continues to be a critical driver for the Industrial Gases Market. Reports from the Federal Reserve show that manufacturing production increased by approximately 6 percent annually over the past five years, creating substantial demand for industrial gases such as nitrogen and argon in steel and chemical production processes. Major corporations like Dow Inc. have ramped up their production capacity to meet this increasing demand, which is indicative of a flourishing landscape for the North America Industrial Gases Market Industry. With the Manufacturing Expansion Index remaining strong, the trajectory of industrial consumption is expected to sustain and enhance growth opportunities for the industrial gases segment.
Industrial Gases Market Type Insights
The North America Industrial Gases Market is extensively categorized by Type, reflecting a diverse range of gases that serve critical applications across numerous sectors. Hydrogen is positioned prominently within this landscape, given its vital role as a clean energy source and its increasing adoption in fuel cells and refining processes. The growing push for sustainable solutions is enhancing its relevance and demand. Oxygen, utilized predominantly in medical applications, metal fabrication, and wastewater treatment, is critical for various industrial processes.
Its significance is amplified by the rising healthcare needs, particularly during the recovery from the recent global health crises. Nitrogen, essential for food preservation, chemical manufacturing, and the electronics industry, demonstrates notable stability and is a widely used inert gas across multiple applications, making it a considerable contributor to the market's overall performance. Carbon dioxide, while often associated with the beverage industry and enhanced oil recovery, is also garnering attention for its applications in carbon capture and storage technologies, responding to environmental concerns and regulatory pressures.
Finally, the "Others" category encompasses a range of specialty gases that are gaining traction within niche markets, including neon and argon, highlighting the vast potential for growth and innovation within the North America Industrial Gases Market. The segmentation emphasizes the varied applications and growth potential of each gas type, reflecting the dynamic trends and drivers within this vital industry, underscoring its integral role in driving industrial efficiency and addressing environmental challenges. As the North America Industrial Gases Market evolves, the significance of each type of gas is becoming increasingly intertwined with technological advancements, environmental policies, and the broader economic landscape, offering substantial opportunities for growth and innovation across the industrial spectrum.
Industrial Gases Market End User Insights
The North America Industrial Gases Market, a significant sector, demonstrates a diverse End User landscape encompassing various industries such as Industry, Transportation, Agriculture, Energy, and Others. The Industry segment stands out, where industrial gases serve critical functions in manufacturing processes and chemical production, driving efficiency and reducing costs. In Transportation, gases like hydrogen are pivotal for fuel cell technology, supporting the shift towards sustainable transport solutions. The Agriculture sector benefits from gases used in crop protection and fertilizers, enhancing yields and promoting food security.
In Energy, industrial gases facilitate cleaner energy production and are integral to processes such as gasification and carbon capture. Other miscellaneous applications also contribute to market vitality, offering unique solutions to various operational challenges. The North America Industrial Gases Market segmentation reflects the region's technological advancements and growing demand across these industries, showcasing an evolving landscape influenced by innovation, regulatory frameworks, and shifts towards sustainability, ultimately shaping the market's growth trajectory.
Industrial Gases Market Regional Insights
The North America Industrial Gases Market is experiencing steady growth, with a notable contribution from key regions such as the United States and Canada. The United States holds a significant share of the market, driven by its advanced manufacturing and healthcare sectors, which heavily rely on industrial gases for processes like welding, cutting, and medical applications. Meanwhile, Canada shows strong market potential due to its expanding energy sector, particularly in oil and gas, where industrial gases play a crucial role in extraction and processing.
Both regions benefit from an increasing focus on sustainability and the development of cleaner technologies, which are driving demand for gases like hydrogen and carbon dioxide. The North America Industrial Gases Market segmentation reflects the diverse applications across these countries, offering opportunities for companies to innovate and expand their services. Market growth is also supported by advancements in technology and increasing partnerships between industrial gas suppliers and end-users, enhancing operational efficiencies and product offerings. The overall dynamics of this segment underscore the importance of regional contributions, particularly as industries continue to evolve and adapt to changing regulations and environmental standards.
The North America Industrial Gases Market presents a dynamic landscape characterized by an evolving competitive environment. With various companies striving for market share amidst growing demand across sectors such as healthcare, food processing, and metal fabrication, the market is witnessing robust competition. The increasing investments in infrastructure development and the expansion of manufacturing activities are further driving the need for industrial gases. Companies are focusing on innovation, technological advancements, and strategic partnerships to strengthen their market positions and enhance operational efficiency. The competitive scenario is influenced by factors such as pricing strategies, product capabilities, and the ability to provide integrated solutions tailored to customer needs, making it essential for players to stay ahead of industry trends.
In the North America Industrial Gases Market, Linde stands out prominently due to its established market presence and extensive product portfolio. Through its deep investment in research and development, Linde has consistently been at the forefront of innovation, offering a wide range of industrial gases including oxygen, nitrogen, argon, and specialty gases. The company enjoys a strong reputation for its high-quality products and customer service, which have enabled it to build long-lasting relationships with key industries. Linde's operational strength lies in its efficient supply chain capabilities and advanced distribution networks, allowing for timely delivery and reliable service. Furthermore, Linde's commitment to sustainability and exploration of environmentally friendly practices gives it a competitive edge as industries increasingly prioritize green solutions. Messer Group, while focusing specifically on the North America Industrial Gases Market, has established its presence through strategic mergers and acquisitions aimed at expanding its reach and product offerings.
The company specializes in a wide range of industrial gases tailored for various applications, including healthcare, food and beverage, and manufacturing. Messer Group is recognized for its strong emphasis on safety and reliability, ensuring that it meets regulatory standards while providing high-quality products. Its market presence is bolstered by a customer-centric approach, with tailored solutions that address specific client needs and challenges. The company's commitment to innovation is reflected in its investment in new technologies and collaborative efforts with local industries, enabling it to stay competitive and responsive to market demands. Through its growing footprint in North America, Messer Group continues to strengthen its capabilities and offerings, positioning itself as a key player in the industrial gases sector.
In recent months, the North America Industrial Gases Market has experienced significant developments, particularly with major players like Linde, Air Products and Chemicals, and Praxair expanding their operations and product portfolios. Linde has been active in enhancing its supply chain capabilities to meet increasing demand, particularly amid the ongoing complexities in global logistics as of September 2023. Additionally, in July 2023, Air Products and Chemicals announced an agreement to acquire a leading competitor in the hydrogen generation sector, marking a strategic expansion in their hydrogen business.
Praxair, a key player within this sector, has seen rapid growth due to heightened industrial activity and an increased focus on sustainability initiatives. The North America Industrial Gases Market is also witnessing a shift towards eco-friendly technologies, with companies investing heavily in Research and Development to produce low-carbon solutions. Furthermore, the industry is benefiting from advancements in liquid nitrogen and oxygen applications, driven by sectors such as healthcare and manufacturing, demonstrating a 5% growth in market valuation over the past year according to industry estimates from various authoritative sources.
Industrial Gases Market Type Outlook
Industrial Gases Market End User Outlook
Industrial Gases Market Regional Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 346.5(USD Million) |
| MARKET SIZE 2024 | 367.5(USD Million) |
| MARKET SIZE 2035 | 707.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.129% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Linde, Messer Group, Indura, Taiyo Nippon Sanso, SciTex, Nitrochem, Wesfarmers, Gas Innovations, Praxair, Universal Industrial Gases, Matheson TriGas, Air Products and Chemicals, Gulf Cryo, American Air Liquide, Airgas |
| SEGMENTS COVERED | Type, End User, Regional |
| KEY MARKET OPPORTUNITIES | Growing demand for clean energy, Expansion in healthcare applications, Increased industrial automation, Rising environmental regulations, Advancements in gas production technology |
| KEY MARKET DYNAMICS | growing demand across industries, advancements in gas production technologies, increasing environmental regulations, shift towards renewable energy, consolidation in supplier landscape |
| COUNTRIES COVERED | US, Canada |
Frequently Asked Questions (FAQ) :
The North America Industrial Gases Market is projected to be valued at 367.5 million USD in 2024.
By 2035, the North America Industrial Gases Market is expected to reach a value of 707.0 million USD.
The market is anticipated to grow at a CAGR of 6.129% from 2025 to 2035.
The United States holds the largest market share, valued at 220.0 million USD in 2024.
The Canadian market for industrial gases is projected to reach 287.0 million USD by 2035.
Major types include Hydrogen at 90.0 million USD, Oxygen at 100.0 million USD, Nitrogen at 80.0 million USD, Carbon-dioxide at 60.0 million USD, and Others at 37.5 million USD in 2024.
Key players include Linde, Air Products and Chemicals, Praxair, and American Air Liquide among others.
The nitrogen segment is expected to grow from 80.0 million USD in 2024 to 160.0 million USD by 2035.
The market faces challenges such as regulatory compliance and competition among established players.
Innovations in production and increasing demand for cleaner fuels present growth opportunities in the market.
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