Industrial Gases Market Intelligence

Industrial gases quietly power the world — energising crucial processes in steelmaking, semiconductors, medicine, food preservation, chemicals, and clean energy. From ultra-clean nitrogen that builds electronics to liquid hydrogen for clean mobility, these quiet agents are driving global industrial change.

Today, the industrial gas business is changing rapidly because of:

Speeding up the energy transition by bringing hydrogen infrastructure
Growing semiconductor and electronics manufacturing needs
Medical and healthcare oxygen supply chain digitalisation
Food-packaging, refrigeration, and preservation-grade gases
Green gas and carbon capture technology driving sustainability agendas

Nonetheless, the industry is confronted with operational challenges such as:

Energy-cost-intensive production costs
Transportation and cryogenic logistics issues
Innovating to ensure safety and regulatory compliance

How we help?

First IQ goes beyond market size data and trade flows. Our insights decode industrial gas innovation, emerging end-use shifts, plant investments, and pricing intelligence across the value chain.

Our intelligence empowers clients to:

Track supply-demand mismatches by region
Analyse pipeline investments and green hydrogen roadmaps
Monitor pricing trends by gas type and use case
Benchmark competitive strengths across industrial gas majors

Market Scope Matrix: Industrial Gases

Hydrogen (H₂)

The global hydrogen market was valued at approximately USD 266.16 billion in 2024 and is projected to grow significantly at a CAGR of 6.5% with a forecasted market size of USD 342.59 billion in 2028
Growing demand from chemical manufacturing, green hydrogen, and transportation fuel
Government support for decarbonization and hydrogen blending
Strong investment in electrolyzer capacity and hydrogen hubs

Oxygen (O₂)

Stable demand from healthcare and metal processing
PSA systems are expanding in hospitals
Infrastructure investments supporting oxygen availability

Nitrogen (N₂)

Widely used in electronics, pharmaceuticals, and food packaging
Adoption growing in biotech, cleanroom manufacturing, and MAP technology

Carbon Dioxide (CO₂)

The global carbon dioxide market was valued at approximately USD 32.48 billion in 2024 and is projected to grow significantly at a CAGR of 5.3% with a forecasted market size of USD 40 billion in 2028
Key applications in food processing, enhanced oil recovery, and firefighting
Carbon capture and recovery is gaining popularity
Expanding use in dry ice and beverage carbonation

Argon (Ar)

Rising demand in welding, semiconductors, and lighting
Argon is widely extracted as a by-product in ASUs
Used in inert atmosphere applications

Helium (He)

Used in MRI, aerospace, fiber optics, and research
Supply tight, but expanding production capacity stabilizing the market
Essential for supercooling applications

Acetylene (C₂H₂)

Popular in high-temperature cutting and welding
Demand supported by infrastructure, metal fabrication, and chemical industries

What You Unlock in the Industrial Gases Cluster

Whether you are investing in blue hydrogen, analysing semiconductor-grade gas trends, or tracking bulk industrial procurement, this FIQ cluster helps you convert insights into action.

Market Intelligence Hub

Capacity tracking, utilisation rates, pricing dynamics across:
1. Oxygen, Nitrogen, Argon, Carbon Dioxide, Helium, Hydrogen, Acetylene, Specialty Gases
Competitive landscaping with real-time project trackers and trade maps
ESG tracking: Low-carbon tech adoption, green plant transitions

Forecast Dashboard

8-year revenue and production forecasts for each gas by region and sector
Granular data on merchant, on-site, and packaged gas models

Emerging Trend Radar

Stay ahead of the curve with detailed insights on:

Hydrogen refuelling station rollout updates
Semiconductor-grade gas purity standards
Decentralised oxygen plant surge in healthcare
Food & beverage: Liquid nitrogen in cold chain innovations
Steel industry decarbonization: Oxygen and Hydrogen substitution impact
Bio and synthetic gas demand across pharma and labs

And many more additions coming your way, driven by emerging trends designed to accelerate your business from every angle!

KOL Insights

Real-world inputs from plant engineers, procurement heads, R&D leads, and cryogenic logistics managers

Company Briefing

Deep dives on Air Liquide, Linde, Messer, Nippon Sanso, Air Products, and emerging domestic players

Country Level Analysis

Mapping country-wise gas consumption, investment in pipelines, and regulatory zones

Segmental Analysis

End-use splits across metals, chemicals, electronics, energy, food & beverage, healthcare, and more

In the News” or Trending Insights Strip

Rolling coverage of industrial gas pricing shifts, CCS project approvals, mergers, and green plant launches

Client Use Cases: Real-World Wins with Our Insights

How do different stakeholders leverage the cluster?

Client Type	How They Benefit
Gas Majors (e.g., Linde, Air Liquide)	Track competitive M&A, optimise pricing, and assess new plant ROI across geographies.
Semiconductor & Electronics Firms	Evaluate specialty gas purity benchmarks and vendor options for critical operations.
Healthcare Providers & Hospitals	Plan decentralised medical gas production post-pandemic, and manage supplier compliance.
Energy Companies	Map the hydrogen economy — blue/green hydrogen production and refuelling infrastructure.
Investors & PE Firms	Identify growth-stage regional players or niche technologies (e.g., CCS or bio-based gases).
Cryogenic Equipment OEMs	Forecast demand for vaporisers, storage tanks, and valves by gas type and application.

Interactive Tools Coming Soon

Global Plant Tracker: Map-based view of ASUs, hydrogen electrolysers, and carbon dioxide capture plants
Price Benchmark Panel: Weekly/quarterly pricing insights for oxygen, argon, carbon dioxide, and helium, to name a few
Gas Finder Tool: Input your end-use need (e.g., semiconductor etching) → get purity specs and top suppliers
Trade Flow Visualizer: Helium, hydrogen, and specialty gas trade routes across APAC, U.S., Europe

Innovation Spotlight Section

Regularly updated features highlighting:

Patents filed for gas purification tech
Modular on-site generation skids for hospitals
AI-driven leak detection and predictive maintenance in gas networks
Advances in non-cryogenic air separation units (ASUs)
Carbon dioxide capture to carbonation: food & beverage reuse models

Sustainability Tracker (ESG-Focused Section)

Tie the cluster to broader ESG goals — vital for modern strategy and investor communication:

Scope 1 & 2 emission analysis for major gas producers
Green hydrogen projects by country and developer
Electrification of gas delivery fleets
Water use efficiency in electrolysis-based hydrogen
Reusability and recycling of gas cylinders and dewars
Sustainability commitments of Tier I players — tracking promises vs actions

Research Enhancer Add-Ons

Encourages upselling and custom projects:

Custom Scenario Modelling: Model carbon tax impact on carbon dioxide pricing or hydrogen viability

Feasibility Studies: Launching merchant gas operations in LATAM or Africa

Private Label Reports: White-labelled country reports for internal teams or investor pitches

Executive Roundtables: Invite-only insights sharing with KOLs from gas producers and end-use leaders

Decoding the Market Pulse: Key Indicators We Analyse

Indicator	What It Tells Us
Capacity Additions & Plant Announcements	Where supply capabilities are being expanded and the operating rate is being monitored.
On-Site vs Merchant vs Packaged Trends	Changing procurement behaviour across end-use sectors.
Hydrogen Economy Investments	Mapping energy transition momentum across blue/green hydrogen.
Specialty Gas Demand	Insights into electronics, pharma, and R&D sector growth.
Cryogenic Equipment Procurement	Uptake trends for tanks, vaporisers, and ISO containers.
Carbon Capture & Storage (CCS)	Where carbon dioxide use and storage demand are growing.
M&A and Joint Ventures	Market consolidation and regional expansion patterns.
KOL Sentiment	What industry veterans and engineers say about future needs.
Government Policies & Safety Norms	How changing compliance landscapes are affecting innovation.

Before First IQ

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