US Industrial Gases Market Size, Share, Growth 2024-2032

Name: United States Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Region 2024-2032
Creator: Imarc Group
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Keywords: United States Industrial Gases Market Report

United States Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2964

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Market Overview:

The United States industrial gases market size reached US$ 28.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 39.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 28.7 Billion
Market Forecast in 2032	US$ 39.8 Billion
Market Growth Rate (2024-2032)	3.6%

Industrial gases refer to various reactive and inert gases that are produced in large quantities for industrial processes. Some of the commonly used industrial gases include nitrogen, oxygen, carbon dioxide, helium, argon, hydrogen and acetylene. These gases are found in a gaseous state at room temperature and pressure and are usually stored in large storage tanks, vaporizers and pressure vessels. They are also liquefied at high pressures for ease of storage and transportation and are widely used in the form of medical oxygen, welding gases, liquefied petroleum gas (LPG) and soda dispensing gases.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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United States Industrial Gases Market Trends:

Significant growth across industries is one of the key factors driving the market growth in the United States. Industrial gases are extensively used across various industries, such as food and beverage, packaging, automotive, healthcare and electronics. For instance, cooled liquid nitrogen is used through rapid surface chilling technology for preserving and packaging food products, thereby contributing to the market growth. Furthermore, the utilization of Induced Pluripotent Stem cell (iPS) methods through carbon dioxide and liquid nitrogen for the cultivation and preservation of cells and tissues, is providing a thrust to the market growth. Other factors, including various innovations to produce hydrogen gas from industrial wastewater, along with the utilization of float gas technology for minimizing nitrogen oxide emissions from automobiles, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States industrial gases market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, application and supply mode.

Breakup by Type:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Nitrogen
Oxygen
Carbon Dioxide
Argon
Hydrogen
Others

Breakup by Application:

Manufacturing
Metallurgy
Energy
Chemicals
Healthcare
Others

Breakup by Supply Mode:

Packaged
Bulk
On-Site

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Type, Application, Supply Mode, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The United States industrial gases market was valued at US$ 28.7 Billion in 2023.

We expect the United States industrial gases market to exhibit a CAGR of 3.6% during 2024-2032.

The rising utilization of industrial gases across the Food and Beverage (F&B) industry for freezing, processing, packaging, and transporting various perishable products, such as meat, seafood, fruits, etc., is primarily driving the United States industrial gases market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous production activities for industrial gases.

Based on the type, the United States industrial gases market can be segmented into nitrogen, oxygen, carbon dioxide, argon, hydrogen, and others. Currently, nitrogen holds the majority of the total market share.

Based on the application, the United States industrial gases market has been divided into manufacturing, metallurgy, energy, chemicals, healthcare, and others. Among these, the manufacturing industry currently exhibits a clear dominance in the market.

Based on the supply mode, the United States industrial gases market can be categorized into packaged, bulk, and on-site. Currently, packaged accounts for the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West.

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