The global market for industrial gases is expected to surge, reaching 154.4 billion USD by 2031.
The global industrial gas market is experiencing unprecedented growth, with sales reaching approximately $93.8 billion in 2022. It is projected to reach $154.4 billion by 2031. This remarkable growth is driven by a steady compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2031. Industrial gases play a crucial role across a wide range of industries, from manufacturing and healthcare to electronics and energy. Gases such as oxygen, nitrogen, hydrogen, and carbon dioxide are essential for various industrial processes and have become indispensable for the growth and development of the global economy. For application methods, please check the [PDF download] button or apply directly through the related links.
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Major Companies: Linde Plc MVS Engineering Pvt Ltd Taiyo Nippon Sanso BASF SE Ellenbarrie Industrial Gases Universal Industrial Gases Inc Gulf Cryo Goyal MG Gases Pvt Ltd Praxair Technology Inc Air Liquide S.A National Gases Ltd Messer Group Southern Gas Ltd International Industrial Gases Limited Air Products & Chemicals
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