What is the story about?
What's Happening?
The global industrial gases market is expected to grow significantly, reaching USD 365.65 billion by 2035, with a compound annual growth rate (CAGR) of 11.95% from 2025 to 2035. This growth is driven by energy transition initiatives, net-zero mandates, and the increasing role of gases in advanced manufacturing, healthcare, and clean energy ecosystems. Key gases such as hydrogen, oxygen, nitrogen, and carbon dioxide are crucial for decarbonizing heavy industries, enabling carbon capture and utilization, and supporting low-emission fuel production. Companies are encouraged to expand low-carbon gas portfolios and digitize supply chain operations to capture long-term value.
Why It's Important?
The expansion of the industrial gases market is pivotal for the global energy transition, as these gases play a critical role in decarbonizing industries and supporting sustainable practices. The growth of this market is likely to impact various sectors, including manufacturing, healthcare, and energy, by providing essential resources for cleaner production processes. Companies that invest in hydrogen economy developments and align with ESG frameworks will be well-positioned to benefit from the evolving energy landscape. This market growth also presents opportunities for strategic partnerships and technological advancements in gas management.
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