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Industries such as healthcare which uses gases like oxygen and nitrous oxide account for a significant 23.6% of market demand. Other key sectors include metallurgy, electronics, and food & beverage. The merchant distribution method (bulk or cylinder supply) makes up 44.4% of the market, preferred for its cost-effectiveness over in-house production. Geographically, Asia-Pacific stands out, capturing 38.9% of the global market share, thanks to rapid industrialization in countries like China and India.

https://market.us/report/industrial-gases-market/

Industrial Gases Market Size, Share | CAGR of 8.5%
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Industrial Gases Market Size, Share | CAGR of 8.5%

Industrial Gases Market size is expected to be worth around USD 254.8 Bn by 2034, from USD 112.7 Bn in 2024, growing at a CAGR of 8.5%.