Industrial Gases Market CAGR Revenue Trends
The global Industrial Gases Market was valued at approximately USD 112.7 billion in 2024 and is projected to grow to about USD 254.8 billion by 2034, achieving a solid CAGR of 8.5%.Industrial gases such as oxygen, nitrogen, hydrogen, carbon dioxide, argon, and xenon play crucial roles across a diverse set of industries: healthcare, metallurgy, electronics, food and beverage, petrochemicals, energy, and environmental protection.Market growth is being propelled by rapid industrialization, infrastructure expansion in emerging economies (notably India, China, Southeast Asia), and supportive government policies including tax incentives and environmental regulations .
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