Industrial Gases & Cryogenic

Industrial Use Gases: Market Size, Growth & Forecast to 2030

The Industrial Use Gases market is valued at about $138 billion (2026) and is projected to grow at a 5.4% CAGR through 2030. The largest cost driver is Electricity and energy (40% of spend). Asia Pacific leads demand at 38%.

Market size
$138.0 bn (2026)
CAGR to 2030
+5.4%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 130

Cost structure

Electricity and energy
40%
Natural gas feedstock
20%
Distribution and logistics
15%
Capital equipment depreciation
15%
Labor and maintenance
10%

Regional demand split

Asia Pacific demand
38%
North America demand
28%
Europe demand
22%
Latin America demand
6%
Rest of world demand
6%

Key suppliers

Linde plcAir Liquide S.A.Air Products and Chemicals, Inc.Nippon Sanso Holdings CorporationMesser Group
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/industrial-use-gases