Syndicated Research Studies

Report Overview The global industrial gases market size was valued at USD 99.99 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.42% from 2023 to 2030. The growth is primarily driven by the growing manufacturing industry in developing economies of the Asia Pacific region. Rapid industrialization and application of industrial gases in various industries, such as manufacturing, mining, metals, food & beverage, and healthcare, are further expected to influence the market growth in the coming years. However, environmental regulations, safety, and high gas conversion costs may hinder the industry growth during the forecast period. The U.S. accounted for a majority share in the North America regional market and is expected to retain its leading position throughout the forecast period. The U.S. emerged as one of the major countries utilizing industrial gases, as the country has the presence of a large number of major industrial gas suppliers, such as...

Industrial Gases Market Growth & Trends The global  industrial gases market  size is expected to reach USD 173.43 billion by 2030, registering a CAGR of 7.42% during the forecast period, according to a new report by Grand View Research, Inc. Industrial gas is a significant segment of the economic progress of any region. The region-wise market for these gases is expected to grow at a rate that is double the GDP rate. With the erudition of the world economy, the utilization of nitrogen has increased faster than that of oxygen. Argon, however, has picked up the market pace and can be expected to supersede oxygen in terms of utilities. Despite this, some countries, such as India, are still operating in the oxygen era. With sophistication in the industrial sector, growth during the forecast period is expected to emerge from argon and nitrogen. With the diminution of fossil fuel resources, hydrogen might gain importance as a source of energy. The implementation of oxygen for e...