IMARC Group, a leading market research company, has released a report titled “United States Industrial Gases Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The United States industrial gases market size reached US$ 27.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

Industrial gases are a group of gases that are produced and used for various industrial applications, including manufacturing, processing, and scientific research. These gases are typically produced in large quantities and are vital to a wide range of industries due to their unique properties and versatile applications. Common industrial gases include oxygen, nitrogen, hydrogen, carbon dioxide, argon, and helium, among others. These gases are often liquefied or compressed for storage and transportation, as they are used in various forms, such as gases, liquids, or as components in gas mixtures. They serve diverse purposes, such as providing oxygen for metal fabrication processes like welding, creating controlled atmospheres for food preservation and freezing, supporting combustion in industrial furnaces, and facilitating chemical reactions in the production of various chemicals and materials. Currently, industrial gases find extensive applications in scientific research and medical applications, including medical gases like oxygen and nitrogen for healthcare and laboratory use across the United States.

For an in-depth analysis, you can refer sample copy of the report:

United States Industrial Gases Market Trends and Drivers:

The United States industrial gases market is primarily driven by the rising product demand due to the significant presence of the manufacturing sector in the country, as industrial gases are essential for various manufacturing processes, including metal fabrication, chemical production, and electronics manufacturing. Apart from this, the rising reliance of the healthcare sector on medical gases for patient care, such as oxygen and nitrogen, is another major growth-inducing factor. Moreover, the rising reliance of the energy sector, including oil and gas, on industrial gases for exploration and production activities is propelling market growth. Additionally, the escalating use of gases like carbon dioxide in the food and beverage industry (F&B) for carbonation and packaging applications has catalyzed market growth. Besides this, the heightening emphasis on environmental sustainability and renewable energy sources has escalated the use of industrial gases in clean technologies like hydrogen fuel cells, thereby fostering market growth. Furthermore, the increasing use of industrial gases in construction and automotive industries for welding and cutting applications is contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • 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.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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