Industrial gases market expected to reach $174.13 billion by 2032, driven by manufacturing and healthcare growth.

From GlobeNewswire: 2025-03-25 10:00:00

The industrial gases market is expected to reach $174.13 billion by 2032, with a CAGR of 5.73% from 2024 to 2032. Key players include Air Liquide, Linde, Praxair, and Messer Group. The Asia Pacific region led the market in 2023, driven by manufacturing growth in countries like China and India, with a focus on clean energy solutions like hydrogen-based energy. Oxygen is the most widely used industrial gas, particularly in steel manufacturing and healthcare applications. The manufacturing industry accounted for the largest market share in 2023, relying on gases like oxygen and nitrogen for metal fabrication and welding. Recent developments include Linde’s carbon-capture-enabled hydrogen production facility and Air Liquide’s expansion of nitrogen supply for semiconductor manufacturers. The market is segmented by gas type and end-use industry, with a focus on oxygen and manufacturing applications. Our company provides clients with up-to-date market data, consumer insights, and opinions through surveys, video talks, and focus groups worldwide. We aim to equip clients with the knowledge needed to navigate changing circumstances and make confident decisions.



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