Industrial Gases & Cryogenic · Direct
Monitoring · monthlyProcurement Category Intelligence
Industrial Use Gases
Overview
Market size
$104.2B
global, USD
CAGR
5.5%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
5 high severity
Market outlook
2031$136.2B
What changed
Demand by region
Asia Pacific demand38%
North America demand28%
Europe demand22%
Latin America demand6%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Electricity and energy40%
Natural gas feedstock20%
Distribution and logistics15%
Capital equipment depreciation15%
Labor and maintenance10%
share of delivered cost (analyst estimate)