産業用ガス市場規模、シェア、動向、2030年までの世界予測

Industrial Gases Market - Global Forecast To 2030

Industrial Gases Market by Type (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Inert Gases), End-use Industry (Chemical, Electronics, Food & Beverage, Healthcare, Manufacturing, Metallurgy, Refining), and Region - Global Forecast to 2030

商品番号 : SMB-51598

出版社MarketsandMarkets
出版年月2025年9月
ページ数271
図表数281
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

産業用ガス市場 – タイプ(酸素、窒素、水素、二酸化炭素、アセチレン、不活性ガス)、最終用途産業(化学、エレクトロニクス、食品・飲料、ヘルスケア、製造、冶金、精製)、地域別 – 2030年までの世界予測

本市場調査は、産業用ガス市場を様々なセグメントにわたって分析しています。市場規模と成長の可能性を、種類、最終用途産業、地域に基づいてセグメントごとに推定することを目的としています。また、主要市場プレーヤーの詳細な競合分析も掲載しており、企業概要、製品・事業内容に関する洞察、最近の動向、市場における地位向上のための主要な成長戦略などが含まれています。

本レポートは、市場リーダー企業および新規参入企業が、産業用ガス市場全体、ならびにそのセグメントおよびサブセグメントの収益を概算するのに役立つよう作成されています。本レポートは、ステークホルダーが競争環境を理解し、ビジネスポジションを強化するための洞察を獲得し、効果的な市場開拓戦略を策定する上で役立つことを目的としています。さらに、主要な推進要因、課題、機会に関する情報を提供することで、ステークホルダーに市場の現状を把握してもらうことを目指しています。

産業用ガス市場は2024年に9,402万5,800米ドルと評価され、2030年には1,265億2,680万米ドルに達すると予測されており、予測期間中に5.1%のCAGRで成長します。急速な工業化、技術の進歩、そして化学、ヘルスケア、食品・飲料、冶金、精製、エレクトロニクス業界における高純度ガスの需要増加が市場を牽引しています。ヘルスケア部門の成長は、高齢化の進行、呼吸器疾患、その他の健康上の要件に対応する医療用酸素の需要によって促進されています。化学および精製業界は、化学物質の製造、処理、合成、精製にガスに依存しています。水素などのクリーンエネルギー源への移行と炭素回収技術の採用は、より多くの産業発展の機会を生み出しています。食品・飲料では、ガスは保存、炭酸化、包装に使用されます。環境規制や低排出ガスへのインセンティブの強化により、産業用ガスの需要は当然増加しており、業界は着実に成長すると予想されます。

The industrial gases market was valued at USD 94.025.8 million in 2024 and is projected to reach USD 126,526.8 million by 2030, growing at a CAGR of 5.1% during the forecast period. Rapid industrialization, technological advances, and increasing demand for high-purity gases in chemical, healthcare, food & beverage, metallurgy, refining, and electronics industries drive the market. The healthcare sector’s growth is fueled by the need for medical-grade oxygen for a rising aging population, respiratory illnesses, and other health requirements. Chemical and refining industries rely on gases to produce, process, synthesize, and purify chemicals. Transitioning to clean energy sources, including hydrogen, and the adoption of carbon capture technologies are creating more industrial development opportunities. In food & beverages, gases are used for preservation, carbonation, and packaging. The rise in environmental regulations and incentives for low emissions naturally boosts demand for industrial gases, indicating the industry will experience steady growth.

産業用ガス市場規模、シェア、動向、2030年までの世界予測
Industrial Gases Market – Global Forecast To 2030

By type, nitrogen segment to account for second-largest market share during forecast period

Nitrogen is expected to hold the second-largest share of the industrial gases market during the forecast period due to its versatile uses in many applications. Nitrogen is an inert gas used for blanketing, purging, and pressurizing systems to prevent oxidation, contamination, or hazardous reactions. In the chemical and petrochemical industries, nitrogen is vital for ensuring safety and maintaining product integrity during manufacturing and storage. The food and beverage industry uses nitrogen in modified atmosphere packaging (MAP) to extend the shelf life of products while ensuring freshness and quality during transportation. Ultra-high purity nitrogen is essential in manufacturing electronic devices, providing controlled environments during the production of semiconductor devices and circuit boards. The metallurgy and metal fabrication industries also frequently use nitrogen during heat treatment processes and as a safeguard against oxidation during production. Its non-reactive, versatile, and cost-effective combination makes it well-suited as an input in industrial production. Nitrogen is poised for continued growth as manufacturing, food processing, and high-tech industries expand, making it a significant contributor to the overall growth of the industrial gases market.

By end-use industry, metallurgy segment to account for second-largest market share during forecast period

The metallurgy segment is projected to hold the second-largest market share during the forecast period. This is mainly because gases are utilized in the manufacturing, processing, and production of metals. Oxygen is commonly found in both blast furnaces and basic oxygen furnaces (BOF), which enhance combustion and produce higher-quality steel. Noble gases like argon and nitrogen are used to shield molten metal during casting and welding because they minimize oxidation. For non-ferrous metals, industrial gases used in smelting, refining, and heat treatment help achieve desired metallurgical properties and product uniformity. The increased demand for high-quality engineered steel and alloys by the construction, automotive, aerospace, and heavy machinery industries positively influences gas consumption, as these materials offer greater durability and improved performance. Significant advancements also improve energy efficiency and reduce emissions in energy-intensive steelmaking processes—such as oxygen-enriched transparent combustion and gas-based reduction technologies—thus increasing reliance on industrial gases.

産業用ガス市場規模、シェア、動向、2030年までの世界予測 - 地域
Industrial Gases Market – region

North America to account for largest market share during forecast period

North America is expected to hold the largest industrial gas market share due to its high industrial base and diverse end-use requirements during the forecast period. The region has sectors such as chemical, healthcare, metallurgy, refining, and food and beverage industries that demand large quantities of industrial gases like oxygen, nitrogen, hydrogen, and carbon dioxide for their production processes. The United States’ healthcare sector is a leading indicator, with growing demand for medical-grade gases driven by increasing investments in healthcare facilities and more cases requiring respiratory care that uses medical gases. Gases are also extensively used in chemical and petrochemical processing and refining, especially in the Gulf Coast region. Additionally, North America is a key player in clean energy initiatives, including developing a hydrogen economy and implementing carbon capture, utilization, and storage (CCUS) technologies, which present further growth opportunities. Thanks to its extensive distribution networks, advanced cryogenic technology, and significant investments in eco-friendly manufacturing, North America is poised to maintain its dominance in the market, gaining a first-mover advantage in the global industrial gases industry during the forecast period.

  • By Company Type: Tier 1: 40%, Tier 2: 25%, Tier 3: 35%
  • By Designation: C Level: 35%, Director Level: 30%, Others: 35%
  • By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, Middle East & Africa: 5%, and South America: 5%

Companies Covered:

Air Liquide (France), Linde PLC (UK),  Air Products and Chemicals, Inc. (US),  Messer SE & Co. KGaA (Germany),  NIPPON SANSO HOLDINGS CORPORATION (Japan), BASF SE (Germany), Bhoruka Specialty Gases Pvt Ltd (India),  Ellenbarrie Industrial Gases Limited (India),  Iwatani Corporation (Japan), and AIR WATER INC (Japan) are some key players in the industrial gases market.

産業用ガス市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Industrial Gases Market – ecosystem

Research Coverage

The market study examines the industrial gases market across various segments. It aims to estimate the market size and growth potential in different segments based on type, end-use industry, and region. The study also features an in-depth competitive analysis of key market players, including their company profiles, product and business offering insights, recent developments, and key growth strategies to enhance their market position.

Key Benefits of Buying Report

The report is designed to help market leaders and new entrants approximate the revenue figures of the overall industrial gases market, along with its segments and sub-segments. It aims to assist stakeholders in understanding the competitive landscape, gaining insights to strengthen their business positions, and developing effective go-to-market strategies. Additionally, the report seeks to provide stakeholders with a pulse on the market by offering information on key drivers, challenges, and opportunities.

The report provides insights into the following points:

  • Analysis of key drivers (Growing demand from electronics industry and Green hydrogen scale-up), restraints (Strict regulatory compliance and CapEx-Heavy nature of gas production and storage facilities), opportunities (Advanced semiconductor manufacturing expansion), and challenges (Hazardous material handling and Safety regulations and geopolitical disruptions in critical supply regions) influencing the growth of the industrial gases market.
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product & service launches in the industrial gases market
  • Market Development: Comprehensive information about profitable markets – the report analyses the industrial gases market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the industrial gases market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Air Liquide (France), Linde PLC (UK), Air Products and Chemicals, Inc. (US), Messer SE & Co. KGaA (Germany),  NIPPON SANSO HOLDINGS CORPORATION (Japan), BASF SE (Germany), Bhoruka Specialty Gases Pvt Ltd (India),  Ellenbarrie Industrial Gases Limited (India),  Gruppo SIAD (Italy),  Iwatani Corporation (Japan),  AIR WATER INC (Japan), AirPower Technologies Limited (China) and others in the industrial gases market. The report also helps stakeholders understand the pulse of the industrial gases market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1           INTRODUCTION            23

1.1        STUDY OBJECTIVES      23

1.2        MARKET DEFINITION    23

1.3        STUDY SCOPE   24

1.3.1      MARKET SEGMENTATION AND REGIONS COVERED            24

1.3.2      INCLUSIONS AND EXCLUSIONS 25

1.3.3      YEARS CONSIDERED      25

1.3.4      CURRENCY CONSIDERED           26

1.4        STAKEHOLDERS            26

1.5        SUMMARY OF CHANGES            26

2           RESEARCH METHODOLOGY       27

2.1        RESEARCH DATA          27

2.1.1      SECONDARY DATA        28

2.1.1.1   Key data from secondary sources            28

2.1.1.2   List of secondary sources           28

2.1.2      PRIMARY DATA 29

2.1.2.1   Key primary participants 29

2.1.2.2   Key data from primary sources    29

2.1.2.3   Breakdown of interviews with experts      30

2.1.2.4   Key industry insights      30

2.2        MARKET SIZE ESTIMATION       31

2.2.1      TOP-DOWN APPROACH 31

2.2.2      BOTTOM-UP APPROACH           32

2.3        BASE NUMBER CALCULATION  32

2.3.1      SUPPLY-SIDE APPROACH          33

2.4        GROWTH FORECAST     33

2.5        DATA TRIANGULATION             34

2.6        RESEARCH ASSUMPTIONS         35

2.7        FACTOR ANALYSIS        35

2.8        RESEARCH LIMITATIONS          36

2.9        RISK ASSESSMENT        36

3           EXECUTIVE SUMMARY  37

4           PREMIUM INSIGHTS      41

4.1        ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL GASES MARKET    41

4.2        INDUSTRIAL GASES MARKET, BY TYPE             42

4.3        INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY            42

4.4        ASIA PACIFIC: INDUSTRIAL GASES MARKET,  BY TYPE AND COUNTRY  43

4.5        INDUSTRIAL GASES MARKET, BY COUNTRY      43

5           MARKET OVERVIEW      44

5.1        INTRODUCTION            44

5.1.1      DRIVERS           45

5.1.1.1   Growing demand from electronics industry           45

5.1.1.2   Green hydrogen scale-up            46

5.1.1.3   Wide deployment of industrial gases in refrigeration and preservation of frozen foods        47

5.1.2      RESTRAINTS     48

5.1.2.1   Strict regulatory compliance        48

5.1.2.2   CapEx-heavy nature of gas production and storage facilities             48

5.1.3      OPPORTUNITIES           49

5.1.3.1   Advanced semiconductor manufacturing expansion            49

5.1.3.2   Medical gas expansion in emerging healthcare markets            50

5.1.3.3   Agri-food cold chain and modified atmosphere packaging            50

5.1.3.4   Specialty gas demand in renewable energy component manufacturing    51

5.1.4      CHALLENGES    52

5.1.4.1   Hazardous material handling and safety regulations            52

5.1.4.2   Geopolitical disruptions in critical supply regions  53

6           INDUSTRY TRENDS       54

6.1        TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES     54

6.2        PRICING ANALYSIS        55

6.2.1      AVERAGE SELLING PRICE TREND, BY KEY PLAYER            56

6.2.2      AVERAGE SELLING PRICE TREND, BY REGION   56

6.3        VALUE CHAIN ANALYSIS           60

6.4        ECOSYSTEM ANALYSIS 61

6.5        TECHNOLOGY ANALYSIS           63

6.5.1      KEY TECHNOLOGIES     63

6.5.1.1   Air Separation Units (ASUs)        63

6.5.1.2   Pressure swing adsorption (PSA) 63

6.5.2      COMPLEMENTARY TECHNOLOGIES       64

6.5.2.1   Cryogenic Storage & Distribution Systems            64

6.5.3      ADJACENT TECHNOLOGIES       65

6.5.3.1   Carbon Capture, Utilization & Storage (CCUS)      65

6.5.3.2   Fuel Cell Technology      65

6.6        IMPACT OF GEN AI ON INDUSTRIAL GASES MARKET            66

6.7        PATENT ANALYSIS       67

6.7.1      INTRODUCTION            67

6.7.2      APPROACH        67

6.7.3      TOP APPLICANTS         68

6.8        TRADE ANALYSIS          70

6.8.1      IMPORT DATA FOR HS CODE 2804         70

6.8.2      EXPORT DATA FOR HS CODE 2804        71

6.9        KEY CONFERENCES AND EVENTS, 2025–2026   72

6.10      REGULATORY LANDSCAPE        73

6.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           73

6.10.2    REGULATORY FRAMEWORK      78

6.11      PORTER’S FIVE FORCES ANALYSIS        80

6.11.1    THREAT OF NEW ENTRANTS    81

6.11.2    THREAT OF SUBSTITUTES       81

6.11.3    BARGAINING POWER OF SUPPLIERS      81

6.11.4    BARGAINING POWER OF BUYERS          81

6.11.5    INTENSITY OF COMPETITIVE RIVALRY 81

6.12      KEY STAKEHOLDERS AND BUYING CRITERIA    82

6.12.1    KEY STAKEHOLDERS IN BUYING PROCESS        82

6.12.2    BUYING CRITERIA         82

6.13      CASE STUDY ANALYSIS            83

6.13.1    LINDE PARTNERED TO ENHANCE PLASTICS COMPOUNDING WITH PRECISE GAS-ASSISTED PROCESSING CONTROLS        83

6.13.2    AIR LIQUIDE IMPLEMENTED CO₂ RECYCLING IN LITHIUM CARBONATE PURIFICATION TO CUT FRESH CO₂ USE            84

6.14      MACROECONOMIC ANALYSIS    85

6.14.1    INTRODUCTION            85

6.14.2    GDP TRENDS AND FORECASTS 85

6.14.3    INFRASTRUCTURE DEVELOPMENT AND URBANIZATION 86

6.15      INVESTMENT AND FUNDING SCENARIO            87

6.16      IMPACT OF 2025 US TARIFFS—INDUSTRIAL GASES MARKET           87

6.16.1    INTRODUCTION            87

6.16.2    KEY TARIFF RATES       87

6.16.3    PRICE IMPACT ANALYSIS          88

6.16.4    IMPACT ON COUNTRIES/REGIONS         88

6.16.4.1 US        88

6.16.4.2 Europe  88

6.16.4.3 Asia Pacific        88

6.16.5    IMPACT ON END-USE INDUSTRIES       89

6.16.5.1 Chemicals          89

6.16.5.2 Electronics         89

6.16.5.3 Food & Beverages          89

6.16.5.4 Healthcare         89

6.16.5.5 Manufacturing    90

6.16.5.6 Metallurgy         90

6.16.5.7 Refining 90

7           INDUSTRIAL GASES MARKET, BY TYPE             91

7.1        INTRODUCTION            92

7.2        OXYGEN            94

7.2.1      OXYGEN STRENGTHENS INDUSTRIAL EFFICIENCY ACROSS METALLURGY, CHEMICALS, HEALTHCARE, AND REFINING SECTORS       94

7.3        NITROGEN        95

7.3.1      NITROGEN ENSURES QUALITY AND SAFETY ACROSS CHEMICALS, ELECTRONICS, FOOD, AND MANUFACTURING INDUSTRIES      95

7.4        CARBON DIOXIDE          95

7.4.1      CARBON DIOXIDE SUPPORTS KEY APPLICATIONS IN CHEMICALS, FOOD, HEALTHCARE, AND MANUFACTURING INDUSTRIES      95

7.5        HYDROGEN       96

7.5.1      HYDROGEN POWERS CRITICAL PROCESSES IN CHEMICALS, REFINING, METALLURGY, AND EMERGING ENERGY APPLICATIONS  96

7.6        ACETYLENE      96

7.6.1      ACETYLENE DELIVERS HIGH-TEMPERATURE PRECISION FOR MANUFACTURING, METALLURGY, AND SPECIALIZED INDUSTRIAL APPLICATIONS        96

7.7        INERT GASES    97

7.7.1      INERT GASES ENABLE PRECISION, STABILITY, AND SAFETY IN ADVANCED INDUSTRIAL APPLICATIONS     97

7.8        OTHER GASES  97

8           INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY            99

8.1        INTRODUCTION            100

8.2        CHEMICALS      101

8.2.1      INDUSTRIAL GASES DRIVE EFFICIENCY, SAFETY, AND INNOVATION IN CHEMICAL INDUSTRY  101

8.3        ELECTRONICS   102

8.3.1      INDUSTRIAL GASES ENSURE PRECISION, PURITY, AND INNOVATION IN ADVANCED ELECTRONICS MANUFACTURING            102

8.4        FOOD & BEVERAGES     103

8.4.1      INDUSTRIAL GASES ENHANCE QUALITY, SAFETY, AND SHELF LIFE IN FOOD AND BEVERAGES 103

8.5        HEALTHCARE   103

8.5.1      INDUSTRIAL GASES SUPPORT CRITICAL THERAPIES, DIAGNOSTICS, AND INNOVATIONS IN HEALTHCARE SERVICES            103

8.6        MANUFACTURING         104

8.6.1      INDUSTRIAL GASES ENHANCE EFFICIENCY, PRECISION, AND QUALITY ACROSS DIVERSE MANUFACTURING PROCESSES            104

8.7        METALLURGY   104

8.7.1      INDUSTRIAL GASES OPTIMIZE QUALITY, AND INNOVATION IN MODERN METALLURGICAL PROCESSES            104

8.8        REFINING          105

8.8.1      INDUSTRIAL GASES DRIVE PROCESS OPTIMIZATION, PRODUCT QUALITY, AND DECARBONIZATION IN REFINING OPERATIONS     105

8.9        OTHER END-USE INDUSTRIES  105

9           INDUSTRIAL GASES MARKET, BY REGION         106

9.1        INTRODUCTION            107

9.2        NORTH AMERICA          108

9.2.1      US        111

9.2.1.1   Expanding manufacturing, chemical, and export activities set to drive market         111

9.2.2      CANADA           113

9.2.2.1   Manufacturing, energy, and chemical sector growth to push growth   113

9.2.3      MEXICO             115

9.2.3.1   Chemical, electronics, energy, and food sector expansion to drive market   115

9.3        ASIA PACIFIC    117

9.3.1      CHINA   121

9.3.1.1   Robust growth in chemicals, manufacturing, food, and metals to propel demand 121

9.3.2      JAPAN   123

9.3.2.1   Growing chemical and pharmaceutical industry to support demand  123

9.3.3      INDIA    125

9.3.3.1   Expanding manufacturing, chemicals, food processing, and refining capacity to propel demand           125

9.3.4      SOUTH KOREA  127

9.3.4.1   High-tech manufacturing and export growth to drive market   127

9.3.5      OCEANIA           129

9.3.5.1   Manufacturing, chemical, and refining sector expansion in Australia, and New Zealand to propel growth        129

9.3.6      REST OF ASIA PACIFIC  131

9.4        EUROPE            133

9.4.1      GERMANY         136

9.4.1.1   Expanding manufacturing and energy-intensive industries in Germany set to drive demand   136

9.4.2      UK        138

9.4.2.1   Diverse high-value manufacturing and innovation investments to support market growth      138

9.4.3      FRANCE            140

9.4.3.1   Expanding chemical, steel, and energy sectors set to propel demand  140

9.4.4      ITALY   142

9.4.4.1   Expanding manufacturing and export sectors boost industrial

gas consumption 142

9.4.5      REST OF EUROPE          144

9.5        SOUTH AMERICA          146

9.5.1      BRAZIL  148

9.5.1.1   Broad-based growth across chemicals, food, and electronics to propel demand       148

9.5.2      ARGENTINA      150

9.5.2.1   Expanding manufacturing, chemical, and energy industries to propel demand            150

9.5.3      REST OF SOUTH AMERICA        152

9.6        MIDDLE EAST & AFRICA           154

9.6.1      GCC COUNTRIES           157

9.6.1.1   Saudi Arabia       159

9.6.1.1.1            Expanding industrial base and chemical export diversification to propel demand  159

9.6.2      UAE      161

9.6.2.1   UAE’s energy expansion and diversified non-oil growth to drive market      161

9.6.3      REST OF GCC COUNTRIES         163

9.6.4      SOUTH AFRICA 165

9.6.4.1   Manufacturing and energy sector expansion to support growth   165

9.6.5      REST OF MIDDLE EAST & AFRICA         167

10         COMPETITIVE LANDSCAPE       170

10.1      OVERVIEW        170

10.2      KEY PLAYER STRATEGIES/RIGHT TO WIN         170

10.3      REVENUE ANALYSIS     172

10.4      MARKET SHARE ANALYSIS       172

10.5      COMPANY VALUATION AND FINANCIAL METRICS            175

10.5.1    COMPANY VALUATION 175

10.6      FINANCIAL METRICS     176

10.7      BRAND/PRODUCT COMPARISON            177

10.8      COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024            178

10.8.1    STARS  178

10.8.2    EMERGING LEADERS     178

10.8.3    PERVASIVE PLAYERS    178

10.8.4    PARTICIPANTS  178

10.8.5    COMPANY FOOTPRINT: KEY PLAYERS, 2024      180

10.8.5.1 Company footprint          180

10.8.5.2 Region footprint  181

10.8.5.3 Type footprint    182

10.8.5.4 End-use industry footprint          183

10.9      COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024      183

10.9.1    PROGRESSIVE COMPANIES        183

10.9.2    RESPONSIVE COMPANIES          183

10.9.3    DYNAMIC COMPANIES   184

10.9.4    STARTING BLOCKS       184

10.9.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024      185

10.9.6    DETAILED LIST OF KEY STARTUPS/SMES         185

10.9.7    COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          186

10.10     COMPETITIVE SCENARIO          188

10.10.1  DEALS   188

10.10.2  EXPANSIONS     189

10.10.3  OTHER DEVELOPMENTS           190

11         COMPANY PROFILES     191

11.1      KEY PLAYERS   191

11.1.1    AIR LIQUIDE      191

11.1.1.1 Business overview          191

11.1.1.2 Products/Solutions/Services offered         192

11.1.1.3 Recent developments      193

11.1.1.3.1           Deals     193

11.1.1.3.2           Expansions        196

11.1.1.3.3           Other developments        197

11.1.1.4 MnM view          198

11.1.1.4.1           Right to win       198

11.1.1.4.2           Strategic choices            198

11.1.1.4.3           Weaknesses & competitive threats           198

11.1.2    LINDE PLC        199

11.1.2.1 Business overview          199

11.1.2.2 Products/Solutions/Services offered         201

11.1.2.3 Recent developments      201

11.1.2.3.1           Deals     201

11.1.2.3.2           Expansions        203

11.1.2.4 MnM view          204

11.1.2.4.1           Right to win       204

11.1.2.4.2           Strategic choices            204

11.1.2.4.3           Weaknesses & competitive threats           204

11.1.3    AIR PRODUCTS AND CHEMICALS, INC.  205

11.1.3.1 Business overview          205

11.1.3.2 Products/Solutions/Services offered         206

11.1.3.3 Recent developments      207

11.1.3.3.1           Deals     207

11.1.3.3.2           Expansions        209

11.1.3.4 MnM view          210

11.1.3.4.1           Right to win       210

11.1.3.4.2           Strategic choices            210

11.1.3.4.3           Weaknesses & competitive threats           210

11.1.4    MESSER SE & CO. KGAA            211

11.1.4.1 Business overview          211

11.1.4.2 Products/Solutions/Services offered         213

11.1.4.3 Recent developments      214

11.1.4.3.1           Deals     214

11.1.4.3.2           Expansions        214

11.1.4.4 MnM view          215

11.1.4.4.1           Right to win       215

11.1.4.4.2           Strategic choices            216

11.1.4.4.3           Weaknesses & competitive threats           216

11.1.5    NIPPON SANSO HOLDINGS CORPORATION         217

11.1.5.1 Business overview          217

11.1.5.2 Products/Solutions/Services offered         218

11.1.5.3 Recent developments      219

11.1.5.3.1           Deals     219

11.1.5.3.2           Expansions        220

11.1.5.4 MnM view          221

11.1.5.4.1           Right to win       221

11.1.5.4.2           Strategic choices            221

11.1.5.4.3           Weaknesses & competitive threats           221

11.1.6    BASF SE           222

11.1.6.1 Business overview          222

11.1.6.2 Products/Solutions/Services offered         223

11.1.6.3 Recent developments      224

11.1.6.3.1           Deals     224

11.1.6.3.2           Expansions        225

11.1.6.4 MnM view          225

11.1.7    BHORUKA SPECIALTY GASES PVT. LTD.           226

11.1.7.1 Business overview          226

11.1.7.2 Products/Solutions/Services offered         226

11.1.7.3 Recent developments      227

11.1.7.3.1           Deals     227

11.1.7.4 MnM view          227

11.1.8    ELLENBARRIE INDUSTRIAL GASES LIMITED      228

11.1.8.1 Business overview          228

11.1.8.2 Products/Solutions/Services offered         229

11.1.8.3 Recent developments      230

11.1.8.3.1           Deals     230

11.1.8.3.2           Expansions        231

11.1.8.4 MnM view          231

11.1.9    GRUPPO SIAD    232

11.1.9.1 Business overview          232

11.1.9.2 Products/Solutions/Services offered         232

11.1.9.3 Recent developments      233

11.1.9.3.1           Deals     233

11.1.9.3.2           Expansions        233

11.1.9.4 MnM view          234

11.1.10  IWATANI CORPORATION           235

11.1.10.1           Business overview          235

11.1.10.2           Products/Solutions/Services offered         236

11.1.10.3           Recent developments      237

11.1.10.3.1         Deals     237

11.1.10.3.2         Expansions        238

11.1.10.4           MnM view          239

11.1.11  AIR WATER INC.            240

11.1.11.1           Business overview          240

11.1.11.2           Products/Solutions/Services offered         241

11.1.11.3           Recent developments      241

11.1.11.3.1         Deals     241

11.1.11.3.2         Expansions        243

11.1.11.4           MnM view          243

11.1.12  AIRPOWER TECHNOLOGIES LIMITED     244

11.1.12.1           Business overview          244

11.1.12.2           Products/Solutions/Services offered         244

11.1.12.3           Recent developments      245

11.1.12.3.1         Deals     245

11.1.12.3.2         Expansions        246

11.1.12.4           MnM view          246

11.2      OTHER PLAYERS           247

11.2.1    SOL GROUP       247

11.2.2    SAPIO GROUP    248

11.2.3    SOUTHERN GAS LIMITED          249

11.2.4    GOYAL MG GASES PVT. LTD.    250

11.2.5    GULF CRYO       251

11.2.6    CONCORDE-CORODEX GROUP   252

11.2.7    AMERICAN WELDING & GAS     253

11.2.8    HOLSTON GASE            254

11.2.9    AXCEL GASES   255

11.2.10  PT SAMATOR INDO GAS TBK    256

11.2.11  INOX-AIR PRODUCTS INC.         257

11.2.12  STEELMAN GASES PVT. LTD.    258

11.2.13  ALCHEMIE GASES & CHEMICALS PVT. LTD.      259

11.2.14  WESTFALEN AG           260

11.2.15  TYCZKA AIR GASES      261

12         ADJACENT & RELATED MARKETS         262

12.1      INTRODUCTION            262

12.2      LIMITATIONS    262

12.2.1    INDUSTRIAL NITROGEN MARKET          262

12.2.1.1 Market definition            262

13         APPENDIX         264

13.1      DISCUSSION GUIDE       264

13.2      KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL            267

13.3      CUSTOMIZATION OPTIONS        269

13.4      RELATED REPORTS       269

13.5      AUTHOR DETAILS         270

LIST OF TABLES

TABLE 1           AVERAGE SELLING PRICE TREND OF INDUSTRIAL GASES, BY KEY PLAYER,

2024 (USD/UNIT)           56

TABLE 2           AVERAGE SELLING PRICE TREND OF OXYGEN, BY REGION,

2024–2030 (USD/UNIT)  57

TABLE 3          AVERAGE SELLING PRICE TREND OF NITROGEN, BY REGION,

2024–2030 (USD/UNIT)  58

TABLE 4           AVERAGE SELLING PRICE TREND OF CARBON DIOXIDE, BY REGION,

2024–2030 (USD/UNIT)  59

TABLE 5           ROLE OF COMPANIES IN INDUSTRIAL GASES MARKET ECOSYSTEM   62

TABLE 6           INDUSTRIAL GASES MARKET: INDICATIVE LIST OF PATENTS     69

TABLE 7           IMPORT DATA RELATED TO HS CODE 2804, BY COUNTRY,

2020–2024 (USD THOUSAND)     71

TABLE 8           EXPORT DATA RELATED TO HS CODE 2804, BY COUNTRY,

2020–2024 (USD THOUSAND)     72

TABLE 9           INDUSTRIAL GASES MARKET: KEY CONFERENCES AND EVENTS, 2025–2026           72

TABLE 10          NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS   73

TABLE 11          SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS   74

TABLE 12          EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  75

TABLE 13          ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS   76

TABLE 14          MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           77

TABLE 15          KEY REGULATIONS AND STANDARDS FOR INDUSTRIAL GASES      78

TABLE 16          INDUSTRIAL GASES MARKET: PORTER’S FIVE FORCES ANALYSIS        80

TABLE 17          INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR

TOP 3 END-USE INDUSTRIES    82

TABLE 18          KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES      83

TABLE 19          MESSER DROVE ENHANCED OIL RECOVERY USING CO₂ INJECTION

TO BOOST FIELD OUTPUT        84

TABLE 20          GLOBAL GDP GROWTH PROJECTIONS, 2021–2028 (USD TRILLION)    85

TABLE 21          US: KEY TARIFF RATES ON INDUSTRIAL GASES IMPORTS, 2025  87

TABLE 22          INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)      93

TABLE 23          INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)      93

TABLE 24          COMPARATIVE PROPERTIES & INDUSTRY INSIGHTS OF MAJOR INDUSTRIAL GASES          93

TABLE 25          INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)   101

TABLE 26          INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)   101

TABLE 27          INDUSTRIAL GASES MARKET, BY REGION, 2021–2023 (USD MILLION)      108

TABLE 28          INDUSTRIAL GASES MARKET, BY REGION, 2024–2030 (USD MILLION)      108

TABLE 29         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2021–2023 (USD MILLION)         109

TABLE 30         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2024–2030 (USD MILLION)         110

TABLE 31         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         110

TABLE 32         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         110

TABLE 33         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         111

TABLE 34         NORTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         111

TABLE 35          US: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         112

TABLE 36          US: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         112

TABLE 37          US: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         113

TABLE 38          US: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         113

TABLE 39          CANADA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           114

TABLE 40          CANADA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           114

TABLE 41          CANADA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         115

TABLE 42          CANADA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         115

TABLE 43         MEXICO: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         116

TABLE 44         MEXICO: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         116

TABLE 45          MEXICO: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         117

TABLE 46          MEXICO: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         117

TABLE 47          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY COUNTRY,

2021–2023 (USD MILLION)         119

TABLE 48          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY COUNTRY,

2024–2030 (USD MILLION)         119

TABLE 49          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           119

TABLE 50          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           120

TABLE 51          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         120

TABLE 52          ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         121

TABLE 53          CHINA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         122

TABLE 54          CHINA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         122

TABLE 55          CHINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         122

TABLE 56          CHINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         123

TABLE 57          JAPAN: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         124

TABLE 58          JAPAN: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         124

TABLE 59          JAPAN: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         124

TABLE 60          JAPAN: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         125

TABLE 61          INDIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         126

TABLE 62          INDIA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         126

TABLE 63          INDIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         126

TABLE 64          INDIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         127

TABLE 65          SOUTH KOREA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)      128

TABLE 66          SOUTH KOREA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)      128

TABLE 67          SOUTH KOREA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         128

TABLE 68          SOUTH KOREA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         129

TABLE 69          OCEANIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           130

TABLE 70          OCEANIA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           130

TABLE 71          OCEANIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         130

TABLE 72          OCEANIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         131

TABLE 73          REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         132

TABLE 74          REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         132

TABLE 75          REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)            133

TABLE 76          REST OF ASIA PACIFIC: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)            133

TABLE 77          EUROPE: INDUSTRIAL GASES MARKET, BY COUNTRY, 2021–2023 (USD MILLION)    134

TABLE 78          EUROPE: INDUSTRIAL GASES MARKET, BY COUNTRY, 2024–2030 (USD MILLION)    134

TABLE 79          EUROPE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           134

TABLE 80          EUROPE: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           135

TABLE 81          EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         135

TABLE 82          EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         136

TABLE 83          GERMANY: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           137

TABLE 84          GERMANY: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           137

TABLE 85          GERMANY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         137

TABLE 86          GERMANY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         138

TABLE 87          UK: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         139

TABLE 88          UK: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         139

TABLE 89          UK: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         139

TABLE 90          UK: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         140

TABLE 91          FRANCE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           141

TABLE 92          FRANCE: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           141

TABLE 93          FRANCE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         141

TABLE 94          FRANCE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         142

TABLE 95          ITALY: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         143

TABLE 96          ITALY: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         143

TABLE 97          ITALY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         143

TABLE 98          ITALY: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         144

TABLE 99         REST OF EUROPE: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         144

TABLE 100       REST OF EUROPE: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         145

TABLE 101       REST OF EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         145

TABLE 102       REST OF EUROPE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         146

TABLE 103        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2021–2023 (USD MILLION)         146

TABLE 104        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2024–2030 (USD MILLION)         147

TABLE 105        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         147

TABLE 106        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         147

TABLE 107        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         148

TABLE 108        SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         148

TABLE 109        BRAZIL: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         149

TABLE 110        BRAZIL: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         149

TABLE 111        BRAZIL: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         150

TABLE 112        BRAZIL: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         150

TABLE 113        ARGENTINA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)           151

TABLE 114        ARGENTINA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)           151

TABLE 115        ARGENTINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         152

TABLE 116        ARGENTINA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         152

TABLE 117        REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         153

TABLE 118        REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         153

TABLE 119        REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)            154

TABLE 120        REST OF SOUTH AMERICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2024–2030 (USD MILLION)            154

TABLE 121        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2021–2023 (USD MILLION)         155

TABLE 122        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY COUNTRY,

2024–2030 (USD MILLION)         155

TABLE 123        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         156

TABLE 124        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         156

TABLE 125        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)            156

TABLE 126        MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2024–2030 (USD MILLION)            157

TABLE 127        GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         157

TABLE 128        GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         158

TABLE 129        GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         158

TABLE 130        GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         159

TABLE 131        SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)      160

TABLE 132        SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)      160

TABLE 133        SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         160

TABLE 134        SAUDI ARABIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         161

TABLE 135        UAE: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)         162

TABLE 136        UAE: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)         162

TABLE 137        UAE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         162

TABLE 138        UAE: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         163

TABLE 139        REST OF GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         164

TABLE 140        REST OF GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         164

TABLE 141        REST OF GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)            164

TABLE 142        REST OF GCC COUNTRIES: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,  2024–2030 (USD MILLION)            165

TABLE 143        SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY TYPE, 2021–2023 (USD MILLION)      166

TABLE 144        SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY TYPE, 2024–2030 (USD MILLION)      166

TABLE 145        SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)         166

TABLE 146        SOUTH AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)         167

TABLE 147        REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE,

2021–2023 (USD MILLION)         168

TABLE 148        REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY TYPE,

2024–2030 (USD MILLION)         168

TABLE 149        REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)           168

TABLE 150        REST OF MIDDLE EAST & AFRICA: INDUSTRIAL GASES MARKET,

BY END-USE INDUSTRY, 2024–2030 (USD MILLION)       169

TABLE 151        INDUSTRIAL GASES MARKET: OVERVIEW OF STRATEGIES ADOPTED BY MARKET PLAYERS BETWEEN JANUARY 2021 AND JULY 2025  170

TABLE 152        INDUSTRIAL GASES MARKET: DEGREE OF COMPETITION   173

TABLE 153        INDUSTRIAL GASES MARKET: REGION FOOTPRINT       181

TABLE 154        INDUSTRIAL GASES MARKET: TYPE FOOTPRINT       182

TABLE 155        INDUSTRIAL GASES MARKET: END-USE INDUSTRY FOOTPRINT  183

TABLE 156        INDUSTRIAL GASES MARKET: DETAILED LIST OF KEY STARTUPS/SMES          185

TABLE 157        INDUSTRIAL GASES MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (REGION AND TYPE)  186

TABLE 158        INDUSTRIAL GASES MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (END-USE INDUSTRY)           187

TABLE 159        INDUSTRIAL GASES MARKET: DEALS, JANUARY 2021–JULY 2025            188

TABLE 160        INDUSTRIAL GASES MARKET: EXPANSIONS, JANUARY 2021–JULY 2025         189

TABLE 161        INDUSTRIAL GASES MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JULY 2025     190

TABLE 162        AIR LIQUIDE: COMPANY OVERVIEW       191

TABLE 163        AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          192

TABLE 164        AIR LIQUIDE: DEALS, JANUARY 2021−JULY 2025            193

TABLE 165        AIR LIQUIDE: EXPANSIONS, JANUARY 2021−JULY 2025           196

TABLE 166        AIR LIQUIDE: OTHER DEVELOPMENTS, JANUARY 2021- JULY 2025        197

TABLE 167        LINDE PLC: COMPANY OVERVIEW         199

TABLE 168        LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          201

TABLE 169        LINDE PLC: DEALS, JANUARY 2021−JULY 2025            201

TABLE 170        LINDE PLC: EXPANSIONS, JANUARY 2021−JULY 2025      203

TABLE 171        AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW    205

TABLE 172        AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      206

TABLE 173        AIR PRODUCTS AND CHEMICALS, INC.: DEALS, JANUARY 2021−JULY 2025        207

TABLE 174        AIR PRODUCTS AND CHEMICALS, INC.: EXPANSIONS, JANUARY 2021−JULY 2025          209

TABLE 175        MESSER SE & CO. KGAA: COMPANY OVERVIEW            211

TABLE 176        MESSER SE & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED     213

TABLE 177        MESSER SE & CO. KGAA: DEALS, JANUARY 2021−JULY 2025           214

TABLE 178        MESSER SE & CO. KGAA: EXPANSIONS, JANUARY 2021−JULY 2025        214

TABLE 179        NIPPON SANSO HOLDINGS CORPORATION: COMPANY OVERVIEW    217

TABLE 180        NIPPON SANSO HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED     218

TABLE 181        NIPPON SANSO HOLDINGS CORPORATION: DEALS, JANUARY 2021−JULY 2025        219

TABLE 182        NIPPON SANSO HOLDINGS CORPORATION: EXPANSIONS,

JANUARY 2021−JULY 2025        220

TABLE 183        BASF SE: COMPANY OVERVIEW             222

TABLE 184        BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          223

TABLE 185        BASF SE: DEALS, JANUARY 2021−JULY 2025            224

TABLE 186        BASF SE: EXPANSIONS, JANUARY 2021−JULY 2025      225

TABLE 187        BHORUKA SPECIALTY GASES PVT. LTD.: COMPANY OVERVIEW    226

TABLE 188        BHORUKA SPECIALTY GASES PVT. LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      226

TABLE 189       BHORUKA SPECIALTY GASES PVT. LTD.: DEALS, JANUARY 2021−JULY 2025        227

TABLE 190        ELLENBARRIE INDUSTRIAL GASES LIMITED: COMPANY OVERVIEW    228

TABLE 191        ELLENBARRIE INDUSTRIAL GASES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED     229

TABLE 192        ELLENBARRIE INDUSTRIAL GASES LIMITED: DEALS, JANUARY 2021−JULY 2025        230

TABLE 193        ELLENBARRIE INDUSTRIAL GASES LIMITED: EXPANSIONS,

JANUARY 2021−JULY 2025        231

TABLE 194        GRUPPO SIAD: COMPANY OVERVIEW     232

TABLE 195        GRUPPO SIAD: PRODUCTS/SOLUTIONS/SERVICES OFFERED     232

TABLE 196        GRUPPO SIAD: DEALS, JANUARY 2021−JULY 2025      233

TABLE 197        GRUPPO SIAD: EXPANSIONS, JANUARY 2021−JULY 2025           233

TABLE 198        IWATANI CORPORATION: COMPANY OVERVIEW            235

TABLE 199        IWATANI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED     236

TABLE 200        IWATANI CORPORATION: DEALS, JANUARY 2021−JULY 2025           237

TABLE 201        IWATANI CORPORATION: EXPANSIONS, JANUARY 2021−JULY 2025        238

TABLE 202        AIR WATER INC.: COMPANY OVERVIEW            240

TABLE 203        AIR WATER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED     241

TABLE 204        AIR WATER INC: DEALS, JANUARY 2021−JULY 2025      241

TABLE 205        AIR WATER INC: EXPANSIONS, JANUARY 2021−JULY 2025           243

TABLE 206        AIRPOWER TECHNOLOGIES LIMITED: COMPANY OVERVIEW        244

TABLE 207        AIRPOWER TECHNOLOGIES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED     244

TABLE 208        AIRPOWER TECHNOLOGIES LIMITED: DEALS, JANUARY 2021−JULY 2025        245

TABLE 209        AIRPOWER TECHNOLOGIES LIMITED: EXPANSIONS, JANUARY 2021−JULY 2025          246

TABLE 210        SOL GROUP: COMPANY OVERVIEW        247

TABLE 211        SAPIO GROUP: COMPANY OVERVIEW     248

TABLE 212        SOUTHERN GAS LIMITED: COMPANY OVERVIEW            249

TABLE 213        GOYAL MG GASES PVT. LTD.: COMPANY OVERVIEW        250

TABLE 214        GULF CRYO: COMPANY OVERVIEW        251

TABLE 215        CONCORDE-CORODEX GROUP: COMPANY OVERVIEW        252

TABLE 216        AMERICAN WELDING & GAS: COMPANY OVERVIEW        253

TABLE 217        HOLSTON GASES: COMPANY OVERVIEW            254

TABLE 218        AXCEL GASES: COMPANY OVERVIEW    255

TABLE 219        PT SAMATOR INDO GAS TBK: COMPANY OVERVIEW        256

TABLE 220        INOX-AIR PRODUCTS INC.: COMPANY OVERVIEW        257

TABLE 221        STEELMAN GASES PVT. LTD.: COMPANY OVERVIEW        258

TABLE 222        ALCHEMIE GASES & CHEMICALS PVT. LTD.: COMPANY OVERVIEW    259

TABLE 223        WESTFALEN AG: COMPANY OVERVIEW            260

TABLE 224        TYCZKA AIR GASES: COMPANY OVERVIEW            261

TABLE 225        INDUSTRIAL NITROGEN MARKET, BY REGION, 2015–2022 (USD BILLION)          263

TABLE 226        INDUSTRIAL NITROGEN MARKET, BY REGION, 2015–2022 (BILLION CUBIC FEET)         263

LIST OF FIGURES

FIGURE 1          INDUSTRIAL GASES MARKET: RESEARCH DESIGN 27

FIGURE 2          MARKET SIZE ESTIMATION: TOP-DOWN APPROACH        31

FIGURE 3          MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH        32

FIGURE 4          APPROACH 1: END-USE INDUSTRY CONSUMPTION PATTERS          33

FIGURE 5          APPROACH 2: COMPANY-SPECIFIC CONSUMPTION PATTERNS        33

FIGURE 6          INDUSTRIAL GASES MARKET: DATA TRIANGULATION          34

FIGURE 7          OXYGEN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       38

FIGURE 8          CHEMICAL END-USE INDUSTRY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD          39

FIGURE 9          ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD        40

FIGURE 10         ASIA PACIFIC TO BE FASTEST-GROWING REGION IN INDUSTRIAL GASES MARKET DURING FORECAST PERIOD 41

FIGURE 11         OXYGEN HELD LARGEST MARKET SHARE IN 2024      42

FIGURE 12         ELECTRONICS AND FOOD & BEVERAGES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD            42

FIGURE 13         OXYGEN ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024 43

FIGURE 14         INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD        43

FIGURE 15         MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     44

FIGURE 16         GLOBAL HYDROGEN PRODUCTION CAPACITY, 2013–2023 (THOUSAND TONNES)          47

FIGURE 17         INDUSTRIAL GASES MARKET: TRENDS/DISRUPTIONS IMPACTING

CUSTOMERS’ BUSINESSES        55

FIGURE 18         AVERAGE SELLING PRICE TREND OF INDUSTRIAL GASES, BY KEY PLAYER,

2024 (USD/UNIT)           56

FIGURE 19         AVERAGE SELLING PRICE TREND OF OXYGEN, BY REGION,

2024–2030 (USD/UNIT)  57

FIGURE 20        AVERAGE SELLING PRICE TREND OF NITROGEN, BY REGION,

2024–2030 (USD/UNIT)  58

FIGURE 21         AVERAGE SELLING PRICE TREND OF CARBON DIOXIDE, BY REGION,

2024–2030 (USD/UNIT)  59

FIGURE 22         INDUSTRIAL GASES MARKET: VALUE CHAIN ANALYSIS         60

FIGURE 23         INDUSTRIAL GASES MARKET: ECOSYSTEM ANALYSIS         62

FIGURE 24         LIST OF MAJOR PATENTS FOR INDUSTRIAL GASES MARKET, 2014–2024      68

FIGURE 25         REGIONAL ANALYSIS OF PATENTS GRANTED FOR INDUSTRIAL

GASES MARKET, 2014–2024      68

FIGURE 26         IMPORT DATA RELATED TO HS CODE 2804, BY COUNTRY,

2020–2024 (USD THOUSAND)     70

FIGURE 27         EXPORT DATA RELATED TO HS CODE 2804, BY COUNTRY,

2020–2024 (USD THOUSAND)     71

FIGURE 28         INDUSTRIAL GASES MARKET: PORTER’S FIVE FORCES ANALYSIS        80

FIGURE 29         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END-USE INDUSTRIES       82

FIGURE 30         KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES      82

FIGURE 31         GLOBAL CONSTRUCTION INDUSTRY, ANNUAL % GROWTH, 2018–2024  86

FIGURE 32         INDUSTRIAL GASES MARKET: INVESTOR DEALS AND FUNDING TRENDS,

2020–2024 (USD MILLION)         87

FIGURE 33        INDUSTRIAL GASES MARKET, BY TYPE, 2025 VS. 2030 (USD MILLION)      92

FIGURE 34         INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY,

2025 VS. 2030 (USD MILLION)    100

FIGURE 35         ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR INDUSTRIAL GASES DURING FORECAST PERIOD            107

FIGURE 36         NORTH AMERICA: INDUSTRIAL GASES MARKET SNAPSHOT        109

FIGURE 37         ASIA PACIFIC: INDUSTRIAL GASES MARKET SNAPSHOT        118

FIGURE 38         INDUSTRIAL GASES MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2020–2024 (USD BILLION)          172

FIGURE 39         INDUSTRIAL GASES MARKET SHARE ANALYSIS, 2024      173

FIGURE 40         COMPANY VALUATION (USD MILLION), 2024            175

FIGURE 41         FINANCIAL MATRIX: EV/EBITDA RATIO            176

FIGURE 42         YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA    176

FIGURE 43         INDUSTRIAL GASES MARKET: BRAND/PRODUCT COMPARISON            177

FIGURE 44         INDUSTRIAL GASES MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024    179

FIGURE 45         INDUSTRIAL GASES MARKET: COMPANY FOOTPRINT       180

FIGURE 46         INDUSTRIAL GASES MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024           184

FIGURE 47         AIR LIQUIDE: COMPANY SNAPSHOT (2024)            192

FIGURE 48         LINDE PLC: COMPANY SNAPSHOT (2024)            200

FIGURE 49         AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT (2024)     206

FIGURE 50         MESSER SE & CO. KGAA: COMPANY SNAPSHOT (2024)   212

FIGURE 51         NIPPON SANSO HOLDINGS CORPORATION: COMPANY SNAPSHOT (2024)     218

FIGURE 52         BASF SE: COMPANY SNAPSHOT (2024)  223

FIGURE 53         ELLENBARRIE INDUSTRIAL GASES LIMITED: COMPANY SNAPSHOT (2024)     229

FIGURE 54         IWATANI CORPORATION (2024): COMPANY SNAPSHOT (2024)         236

FIGURE 55         AIR WATER INC. (2024): COMPANY SNAPSHOT (2024)   240