Latest Market Research Report 2025

  The global   industrial gases market   was valued at  U SD 99.99 billion   in 2022 and is projected to expand at a   compound annual growth rate (CAGR)   of   7.42%   from 2023 to 2030. This growth is mainly fueled by the increasing   manufacturing activity   in developing economies across the   Asia Pacific   region. As countries in this region continue to industrialize, the demand for industrial gases in sectors such as   manufacturing,   mining,   metals,   food & beverage, and   healthcare is expected to rise significantly. These industries rely on industrial gases for various applications, including process enhancements, chemical reactions, and safety measures, contributing to the overall market expansion. Despite the promising outlook, the market faces challenges, such as environmental regulations, safety concerns, and high gas conversion costs, which could limit growth during...

  Industrial Gases Category - Procurement Intelligence The industrial gases category is anticipated to witness growth at a CAGR of 7.42% from 2023 to 2030. In 2022, Asia Pacific accounted for 37% of the market share followed by North America and Europe. With a majority share in North America, the United States is anticipated to continue its dominance throughout the forecast duration. Due to the existence of numerous significant industrial gas suppliers, including Linde, Air Liquide, Messer, and Air Products & Chemicals, the United States has emerged as one of the leading users of industrial gases. The U.S. market for industrial gases is anticipated to rise as a result of the country's expanding healthcare sector and the increased R&D resulting from the recent COVID-19 pandemic. In terms of the form of distribution, the cylinder segment held a major revenue share in 2022. It is the distribution method that customers choose the most. Independent gas distributors eng...