Industrial gases have become an integral part of many industries, as it’s use spans from cooling and food preservation to energy and lighting conservation. As the market extends its size in the year 2024, the market is expected to accumulate USD 74.94 billion by the year-end.
The producers in the oil and gas sector focus on achieving a decarbonized global energy sector, pushing the demand for cleaner fuels like hydrogen to rise. By 2034, the market has the potential to reach USD 158.19 billion, by assuming a pace of 7.80% over the forecast period.
| Attributes | Key Insights |
|---|---|
| Industrial Gas Market Size (2024E) | USD 74.94 billion |
| Market Valuation (2034F) | USD 158.19 billion |
| Value-based CAGR (2024 to 2034) | 7.80% |
| Leading Product Type | Oxygen |
|---|---|
| Value Share (2024) | 74.0% |
The oxygen segment is projected to acquire a value share of 74.0% in 2024. The product is recognized to improve the fuel’s thermal efficiency. Its rising applications in the medical field are conducive to segment growth. Apart from that, oxygen is widely used in numerous sectors.
| Leading Application | Manufacturing |
|---|---|
| Value Share (2024) | 57.50% |
The manufacturing sector is expected to acquire 57.50% of the global market. The expanding manufacturing sector in developing countries is creating demand for industrial gases like oxygen, nitrogen, hydrogen, and carbon dioxide.
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| The United States | 4.30% |
| Germany | 3.60% |
| Spain | 5.80% |
| China | 8.70% |
| India | 11.60% |
The United States’ industrial gas market is projected to grow at an average of 4.30% over the upcoming decade. The country holds a notable position in the region and is driven by surging demand for healthcare and the electronic market. Expanding the industrial sector is another factor that is raising the prospects for the industrial gas business.
Increasing hydrogen demand, stemming from oil refiners, who utilize it to meet the standard environmental laws set for reducing the sulfur in fuel is also supporting the market growth. Hydrogen production is mainly outsourced to industrial gases firms like Praxair, Air Products, and Air Liquide.
Surging demand for alternatives to greenhouse gas-producing fuels, due to consistent problems posed by climate change is a leading propeller for hydrogen. This trend is predicted to positively influence the future growth of this industrial gas market.
Many relevant developments are thus taking place to advance the aforementioned trend. For instance, in February 2024, Linde and OCI announced a partnership in which the former company will distribute clean hydrogen as well as nitrogen to the latter’s new blue ammonia facility under progress in Beaumont, Texas.
The industrial gas market in Germany is assuming a growth of 3.60% over the next ten years. Consistent renewal of supply deals is propelling the market growth. For instance, in February 2024, Air Liquide and Dow renewed the supply agreement in Stade, which is a leading chemical production sites in Germany.
According to this renewed agreement, Air Liquide offers to supply industrial gases over the long term, meanwhile committing to invest around 40 billion euros to modernize its assets. The main intent behind this investment is to bolster the operational efficiency and reduction of CO2 emissions. The company is slated to complete its modernization of these assets by the year end 2024.
In another development, Equinor inked a long-term natural gas supply deal Germany’s SEFE, short for Securing Energy for Europe with around 111 terawatt-hours (TWh) of natural gas every year from 1st January 2024 until 2034.
The India industrial gas market is raising the demand for 11.60% over the forecast time frame. The booming semiconductor market is charging up the industrial gas sector as many players like Micron, Foxconn, and Vedanta plan to move aggressively on their semiconductor plans.
The component industry is thus seeking government help with land allotment, technology transfer, capital subsidy, and electricity, since several new gases will be required to be produced domestically. The high purity gases showcase a bigger material spending after silicon for a typical fab unit.
Strengthening operations and rapid growth in the industrial sector of northern India are propelling the market growth. For instance, in October 2023, Linde gains an industrial gas supply deal for Panipat refinery of Indian Oil Corporation.
Under this agreement, the entities of Linde planned to establish and operate on-site facilities to distribute nitrogen, hydrogen, and compressed dry air to Indian Oil on a Job Work bases. Thus, ensuring the Panipat refinery’s expansion from 15 to 25 million metric tons every year.
The China industrial gas market is accelerating at a CAGR of 8.70% over the next decade. Rising use of industrial gas in the end use sector and increasing automotive production are contributing to the market growth.
China is now rapidly switching from industrial coal to gas as the country is using more LNG to underpin its economic growth. This is expected to fuel market growth in the years to follow. As the country is bent on reducing its carbon emissions, the demand for LNG is predicted to stay buoyant.
Sensing a heightened demand for natural gas in China, Novatek, a Russia based natural gas producer is building a new China-based team to market the fuel, a move that indicates stronger bilateral energy trade ties on the back of benefits and mutual respect.
The industrial gas market demand in Spain is expected to jump at a 5.80% CAGR in the following years. The market is being led by chemical, refining, and pharmaceutical sectors as well as power and heat (CHP) plants collectively.
New developments by industrial gas players are also propelling the market growth. For instance, in August 2023, Adnoc, Abu Dhabi’s national energy firm has given a USD 3.6 billion project to extend its gas processing structure to a joint venture between UAE based National Petroleum Construction Company (NPCC) and Spain’s Técnicas Reunidas.
The country also vies to take the lead in the EUs green hydrogen sector. Since Spain is abundant in wind and sun, it is positioning itself as Europe’s future leading producer of green hydrogen to clean up heavy industries. According to International Energy Agency, the country is expected to account for half of Europe’s growth in the renewable capacity for hydrogen production.
The market is crowded with a several market players, which is driving intense market competition. Market players are employing various penetration strategies in the industrial gas industry like developing new, multifunctional products and improving the quality of their products to offer competitive prices.
Players are further increasing the production of natural-based industrial gases like hydrogen to meet the decarbonation goals adopted by several industries. Additionally, players are partnering with other companies to distribute clean hydrogen and nitrogen. Players are also renewing their supply deals to increase their market growth.
Local businesses are supplying multinational corporations and boosting their domestic sales to enjoy economies of scale and gain larger consumer base.
News Coverage Containing Recent Developments Occurring in the Industrial Gas Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 7: Global Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 8: Global Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 13: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 14: North America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 15: North America Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 16: North America Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 19: Latin America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 20: Latin America Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 22: Latin America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 23: Latin America Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 24: Latin America Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 25: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Western Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 28: Western Europe Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 29: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: Western Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 31: Western Europe Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 32: Western Europe Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 33: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 34: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 35: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 36: Eastern Europe Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 37: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 38: Eastern Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 39: Eastern Europe Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 40: Eastern Europe Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 42: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 43: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 44: South Asia and Pacific Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 45: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 46: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 47: South Asia and Pacific Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 48: South Asia and Pacific Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 50: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 51: East Asia Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 52: East Asia Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 53: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 54: East Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 55: East Asia Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 56: East Asia Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 58: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 59: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 60: Middle East and Africa Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 62: Middle East and Africa Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Distribution, 2019 to 2034
Table 64: Middle East and Africa Market Volume (Tons) Forecast by Distribution, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 10: Global Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 13: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 14: Global Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 17: Global Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 18: Global Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 19: Global Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 20: Global Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 21: Global Market Attractiveness by Product Type, 2024 to 2034
Figure 22: Global Market Attractiveness by Application, 2024 to 2034
Figure 23: Global Market Attractiveness by Distribution, 2024 to 2034
Figure 24: Global Market Attractiveness by Region, 2024 to 2034
Figure 25: North America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 26: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 27: North America Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 30: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 34: North America Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 37: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 38: North America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 41: North America Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 42: North America Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 43: North America Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 44: North America Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 45: North America Market Attractiveness by Product Type, 2024 to 2034
Figure 46: North America Market Attractiveness by Application, 2024 to 2034
Figure 47: North America Market Attractiveness by Distribution, 2024 to 2034
Figure 48: North America Market Attractiveness by Country, 2024 to 2034
Figure 49: Latin America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 50: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 58: Latin America Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 62: Latin America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 65: Latin America Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 66: Latin America Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 69: Latin America Market Attractiveness by Product Type, 2024 to 2034
Figure 70: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 71: Latin America Market Attractiveness by Distribution, 2024 to 2034
Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 73: Western Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: Western Europe Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 76: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 78: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 81: Western Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 82: Western Europe Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 85: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 86: Western Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 89: Western Europe Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 90: Western Europe Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 93: Western Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 94: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 95: Western Europe Market Attractiveness by Distribution, 2024 to 2034
Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 97: Eastern Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 98: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 99: Eastern Europe Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 102: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 106: Eastern Europe Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 109: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 110: Eastern Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 114: Eastern Europe Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 117: Eastern Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 118: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 119: Eastern Europe Market Attractiveness by Distribution, 2024 to 2034
Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 121: South Asia and Pacific Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 122: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 123: South Asia and Pacific Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 130: South Asia and Pacific Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 134: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 138: South Asia and Pacific Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 141: South Asia and Pacific Market Attractiveness by Product Type, 2024 to 2034
Figure 142: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 143: South Asia and Pacific Market Attractiveness by Distribution, 2024 to 2034
Figure 144: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 145: East Asia Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 146: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 147: East Asia Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 148: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 150: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 153: East Asia Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 154: East Asia Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 155: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 157: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 158: East Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 159: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 160: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 161: East Asia Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 162: East Asia Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 163: East Asia Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 165: East Asia Market Attractiveness by Product Type, 2024 to 2034
Figure 166: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 167: East Asia Market Attractiveness by Distribution, 2024 to 2034
Figure 168: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 169: Middle East and Africa Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 170: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 171: Middle East and Africa Market Value (US$ Million) by Distribution, 2024 to 2034
Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 174: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 178: Middle East and Africa Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 182: Middle East and Africa Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Distribution, 2019 to 2034
Figure 186: Middle East and Africa Market Volume (Tons) Analysis by Distribution, 2019 to 2034
Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution, 2024 to 2034
Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution, 2024 to 2034
Figure 189: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034
Figure 190: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 191: Middle East and Africa Market Attractiveness by Distribution, 2024 to 2034
Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Current projections of the market indicate a valuation of USD 74.94 billion in 2024
Looking ahead to 2034, the current forecast projects a CAGR of 7.80% for the industry.
FMI predicts the market to reach USD 158.19 billion by the year 2034.
The manufacturing segment is predicted to hold a significant market share during the forecast period.
India and China are predicted to offer lucrative opportunities for investors and stakeholders.
Yingde Gases Group Company Limited, Air Liquide S.A, and Linde Group are powerful players in the industrial gas industry.
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Industrial Gas Market
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