United States Industrial Gas Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook 2025-2034

The United States industrial gas market was valued at USD 26.31 Billion in 2024. The industry is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034 to attain a valuation of USD 52.24 Billion by 2034.

United States Industrial Gas Market Outlook

The growth of the manufacturing sector is one of the crucial factors fuelling the growth of the United States industrial gas market. The manufacturing sector contributed around USD 2.9 trillion to the country’s GDP in 2023 which fuelled the requirement of industrial gases that can aid the market. Steel manufacturing accounts for around 65% of the domestic oxygen consumption in the United States as per NCBI, 2021, which is also expected to boost the market expansion.

Air Liquide announced in April 2024 that it aims to expand biomethane production capacity by opening 2 new production facilities across the country in Pennsylvania and Michigan. These production units will produce biogas with a total production capacity of 74 GWh and strengthen the industrial gas market share in the United States.

As per the United States Industrial Gas Market Regional Analysis, the Robust Manufacturing Sector Boosts Market Share in Far West

• In the 2025-2034 period, the Far West region is expected to lead the market with the highest CAGR of 4.5%, driven by the region's robust manufacturing and healthcare sectors, which are significant consumers of industrial gases.
• The Rocky Mountain region follows with a CAGR of 4.2%, supported by the growth in energy and electronics industries that increasingly rely on various industrial gases.
• As per the United States industrial gas market dynamics and trends, the Southwest, with a CAGR of 4.0%, benefits from a combination of expanding manufacturing activities and a growing healthcare infrastructure.
• The Southeast region, growing at a CAGR of 3.8%, shows steady growth due to its diverse industrial base and the increasing use of gases in various applications.
• New England, at 3.6%, reflects consistent demand driven by its well-established healthcare and electronics sectors.
• The Mideast, Plains, and Great Lakes regions, with CAGRs of 3.3%, 3.1%, and 2.9%, respectively, experience slower growth due to market maturity, varying levels of industrial activity, and differing economic conditions.

United States Industrial Gas Market Growth is Driven By its Applications in Healthcare and Manufacturing Sectors

• Oxygen is expected to lead the market by type with a CAGR of 4.4%, driven by its critical applications in healthcare, manufacturing, and energy industries.
• Nitrogen follows with a CAGR of 4.1%, reflecting its widespread use in food processing, electronics, and chemical industries.
• Hydrogen, with a CAGR of 4.0% can boost the United States industrial gas market value. The segment maintains steady growth as it gains importance in energy storage, fuel cells, and as a feedstock in various industrial processes.
• Carbon Dioxide, growing at a CAGR of 3.7%, continues to be essential in the food and beverage industry, as well as in medical applications.
• Helium, with a CAGR of 3.5%, remains crucial for applications requiring low temperatures, such as in MRI machines and superconducting magnets, though its high cost moderates its growth.
• Argon, with a CAGR of 3.1%, continues to be used in welding, lighting, and other specialized applications but sees slower growth due to its niche use.

Rising Demand for Industrial Gases in Welding and Cutting Processes Boost United States Industrial Gas Market Share

• Manufacturing is projected to dominate the market by application with a CAGR of 4.4%, driven by the increasing demand for industrial gases in processes such as welding, cutting, and chemical production.
• As per the United States industrial gas industry analysis, Healthcare follows with a CAGR of 4.1%, supported by the growing use of medical gases in surgeries, respiratory therapies, and imaging technologies.
• Electronics, with a CAGR of 4.0%, benefits from the rising need for high-purity gases in semiconductor manufacturing and other high-tech applications.
• Energy, growing at a CAGR of 3.7%, continues to use gases like hydrogen and oxygen in power generation and storage, though its growth is more moderate.
• The Food and Beverage sector, with a CAGR of 3.5%, relies on gases like nitrogen and carbon dioxide for packaging, carbonation, and preservation, but growth is tempered by market maturity.
• Chemicals, with a CAGR of 3.1% can boost United States industrial gas market opportunities. This sector remains a significant user of industrial gases, though growth is slower due to the specialized nature of its applications.

Key Questions Answered in This Report:

• How has the United States industrial gas market performed historically, and what are the growth expectations for the future?
• What are the primary factors influencing demand and growth in the United States industrial gas market?
• What are the key segments within the United States industrial gas market, and how are they expected to evolve over the forecast period?
• What are the major challenges and opportunities facing stakeholders in the United States industrial gas market?
• Who are the key players in the United States industrial gas market, and what strategies are they employing to maintain a competitive edge?
• What are the regulatory and policy factors influencing the United States industrial gas market globally or regionally?
• How competitive is the United States industrial gas market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
• What are the current trends shaping the United States industrial gas market landscape, and how are they expected to evolve in the future?
• How are technological advancements impacting the United States industrial gas market, and what role do innovation and R&D play in driving growth?
• What are the consumer preferences and buying behavior trends influencing the United States industrial gas market?
• How sustainable are current growth rates in the United States industrial gas market, and what factors could potentially disrupt these trends?
• What are the regional dynamics within the United States industrial gas market, and how do they contribute to overall market growth?
• What are the economic factors influencing the United States industrial gas market, such as GDP growth, inflation rates, and currency fluctuations?
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States industrial gas market?
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States industrial gas market?
• What are the regulatory and legal frameworks impacting the United States industrial gas market globally or in key regions?
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States industrial gas market?
• What are the emerging market trends and niche opportunities within the United States industrial gas market that stakeholders should be aware of?
• How resilient is the United States industrial gas market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
• What are the potential barriers to market entry and growth for new players in the United States industrial gas market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States industrial gas market spanning from 2018 to 2034.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States industrial gas industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States industrial gas market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States industrial gas market landscape.