United States (USA) Industrial Gases Market Overview, 2029

United States (USA) Industrial Gases Market Overview, 2029

The United States is a global leader in the industrial gases market, characterized by its robust infrastructure, technological innovation, and extensive industrial base. The sector encompasses the production, distribution, and application of gases essential for various industrial processes and applications. The novel coronavirus (COVID-19) made the need for medical gases even more acute in recent times. More than one million patients were treated with medical gases, such as oxygen, every day under prescription from a health care provider. Medical gases are administered in the emergency medical setting, the hospital setting, the outpatient setting, and in the home. The US industrial gases market is one of the biggest on the planet, driven areas of strength for by across assorted ventures. Gases like oxygen, nitrogen, hydrogen, carbon dioxide, argon, helium, and specialty gases are created and provided by significant organizations with far and wide tasks. January 2023, Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation, announced the acquisition of Aspen Air US, LLC, a leading manufacturer and distributor of bulk liquid industrial gases. This acquisition marks Iwatani's entrance into the United States Industrial Gases sector and highlights the company's expansion focus in this business segment. North America has the world's biggest medical gadget industry, with the US driving the way. Presently, the US is the biggest clinical gadget industry on the planet. As per Select USA, a program by The Global Exchange Organization (ITA), US Division of Trade, the clinical gadgets market in the nation is the biggest clinical gadgets market on the planet and leading multinational companies like Air Products and Chemicals Inc., Linde plc (formerly Praxair), and Air Liquide USA LLC dominate the market. These companies operate extensive networks of production facilities, distribution channels, and customer service centres across the country.

According to the research report ""United States Industrials Gas Market Overview, 2029,"" published by Bonafide Research, the United States industrials gas market is anticipated to grow at more than 4.88% CAGR from 2024 to 2029. The industrial gas market in the US is impacted by a few factors that shape its elements and learning experiences. One huge component is mechanical headway and advancement in gas creation and circulation techniques. As advances develop, for example, progressions in cryogenics or more proficient cleaning processes, organizations can further develop creation productivity and lessen costs, consequently upgrading market seriousness. Administrative changes assume a critical part in forming the Industrial gas market. Guidelines connected with ecological principles, security conventions, and discharges control frequently drive interest in cleaner advancements and feasible practices, organizations that adjust rapidly to these guidelines can exploit new market amazing open doors while limiting consistence chances. Worldwide financial circumstances likewise influence the Industrial gas market in the U.S. Variances in worldwide exchange, money trade rates, and international strains can influence interest from key businesses like manufacturing, medical services, and gadgets. Adjusting to these outside financial elements requires strong market knowledge and vital intending to recognize development regions and alleviate gambles and segment shifts and cultural changes impact market patterns. For example, a maturing populace drives interest for medical services administrations and clinical gases, while urbanization and foundation advancement help interest for development related gases, understanding these segment patterns permits organizations to fit their items and administrations to arising needs and grow their market presence. To overcome these challenges and capitalize on opportunities, stakeholders in the industrial gas market are increasingly investing in research and development. Developing innovative gas applications, exploring new distribution channels, and enhancing supply chain efficiencies are critical strategies. Collaboration between industry players, academic institutions, and government bodies also fosters innovation and accelerates market growth.

Oxygen is viewed as the main fragment in the U.S. industrial gas market. This arrangement is because of its huge portion of the overall industry and stable interest across different ventures. Oxygen is fundamental for processes like oxyfuel cutting and welding, metal creation, medical services applications, and compound blend, its status as a main portion demonstrates its laid-out position and predictable interest, driven by different Industrial requirements and Hydrogen falls under the developing fragment classification inside the Industrial gas market. This characterization proposes that hydrogen's interest and piece of the pie are expanding after some time, but from a more modest base contrasted with oxygen. Hydrogen's development is driven by its job in arising advances like power modules for transportation and energy stockpiling, as well as its conventional purposes in refining, synthetic compounds manufacturing, and gadgets. Nitrogen is widely used in industrial processes, particularly in food packaging, electronics manufacturing, and as a blanketing gas in chemical reactions. It maintains a stable market position with moderate growth, driven by its essential role in various industries. Carbon dioxide is primarily used in beverage carbonation, food processing, and as a coolant in various industrial processes. Its market growth is influenced by trends in food and beverage consumption and environmental regulations. Acetylene is crucial for oxyacetylene welding and cutting, as well as for chemical synthesis. Its market is stable but niche, with growth linked to industrial manufacturing and construction activities. Other Types (ammonia, methane, butane, propane), this category includes gases used in specific industrial applications. Ammonia is vital in agriculture and chemical production, while methane, butane, and propane are essential in energy and fuel sectors. Their growth varies based on sector-specific demand dynamics.

The Metal and Mining Industry stands apart as a main fragment in the U.S. Industrial gas market. This assignment is credited to its significant and predictable interest for gases like oxygen and nitrogen. These gases are vital for metal refining, welding, cutting, and cleansing cycles fundamental in steel creation, aluminum manufacturing, and mining activities. The business' dependence on exact gas applications for keeping up with functional proficiency and item quality cements its driving status. The Chemical Industry is recognized as the developing fragment inside the U.S. Industrial gas market. This area requires gases like hydrogen, nitrogen, and oxygen for compound responses, amalgamation cycles, and refining tasks. Hydrogen, specifically, is building up some momentum because of its part in hydrogenation processes and as a feedstock for different chemical items. The development popular is driven by extensions in petrochemicals, specialty synthetics, and drugs, reflecting continuous advancement and improvement inside the area and Manufacturing Industry, this broad sector utilizes industrial gases across various sub-industries such as automotive, electronics, and machinery manufacturing. Nitrogen, oxygen, and carbon dioxide find applications in welding, cutting, blanketing, and packaging operations, supporting manufacturing processes and Energy and Power Industry, gaseous petrol, hydrogen, and oxygen are essential for energy creation, including power age and maintainable power regions. This segment is creating with movements in clean energy advances and carbon get utilization. Food and Beverage Industry, carbon dioxide expects an essential part in carbonation for rewards, as well as in food dealing with and protecting applications. Its advantage stays steady, impacted by usage designs and regulatory rules in food dealing with. Healthcare Industry, oxygen and nitrogen are vital in medical applications such as respiratory therapies, cryogenic freezing, and as medical gases in hospitals and clinics. This segment exhibits steady demand tied to healthcare services and technological advancements.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Industrial Gases market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Oxygen
• Nitrogen
• Hydrogen
• Carbon Dioxide
• Acetylene
• Other Types (Ammonia, Methane, Butane, And Propane)

By End user Industry
• Manufacturing Industry
• Chemical Industry
• Metal & Mining Industry
• Energy & Power Industry
• Food & Beverage Industry
• Healthcare Industry
• Others

By Mode of Distribution
• On-Site pipe line
• By Bulk
• By Cylinder

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Industrial Gases industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.