North America Industrial Gases Market Research Report: Forecast (2026-2032)

North America Industrial Gases Market - By Gas (Nitrogen, Oxygen, Carbon dioxide, Argon, Hydrogen, Helium, Acetylene, Others), By Application (Combustion and process oxygen, Welding and metal fabricat... ... g and metal fabrication, Inerting blanketing and heat treating, Cryogenics and liquefaction, Chemical synthesis and hydrogenation, Purging and purifications, Analytical and calibration), By Supply Mode (Merchant packaged sales, Bulk delivered and cryogenic storage, Long-term onsite plants undertake or supply contracts, Pipeline network supply, Gas as a service and rental), By End-User Industry (Oil and Gas, Petrochemicals and Chemicals, Power and Energy, Mining, Steelmaking, Metals, Healthcare, Food and Beverages, Fertilizers, Others), and others Read more

  • Energy
  • Oct 2025
  • 160
  • PDF, Excel, PPT

North America Industrial Gases Market Size: Forecast (2026- 2032)

The North America Industrial Gases Market size is valued at around USD 27.35 billion in 2025 and is projected to reach USD 34.53 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 4.78% during the forecast period, i.e., 2026-32.

North America Industrial Gases Market Key Takeaways:

  • Semiconductor fabrication is directly driving large-scale, long-term demand for ultra-pure nitrogen and specialty gases. Air Liquide announced a >USD250 million investment to build an industrial gas plant in Idaho to supply Micron and regional fabs, demonstrating how chip capacity expansion is pulling industrial gas players into strategic, site-specific investments with long-term supply contracts.
  • Decarbonization and clean fuels policies are reshaping demand profiles and capital allocation across the sector. Governments and industry roadmaps expect a major scale-up of low-carbon hydrogen production and electrolyzer capacity, which increases industrial gas demand for hydrogen production equipment and for gases used in low-carbon industrial processes. This structural shift is creating new project pipelines and capex needs for established gas suppliers.

North America Industrial Gases Market Key Trends & Developments:

  • June 05, 2024: Air Liquide is committed to building and operating a new US plant to supply ultra-pure nitrogen and other high-purity gases to Micron and local customers, highlighting a trend of gas companies investing in dedicated on-site and near-site capacity to serve large-scale manufacturing customers.
  • October 10, 2024: Investor activism at major suppliers is affecting strategy and project delivery. Investor groups publicly challenged Air Products governance and aspects of its clean hydrogen strategy, illustrating increased scrutiny on execution, returns, and de-risking of large hydrogen and low-carbon projects in North America.

North America Industrial Gases Market Scope:

 Category  Segments
By Gas Nitrogen, Oxygen, Carbon dioxide, Argon, Hydrogen, Helium, Acetylene, Others),
By Application Combustion and process oxygen, Welding and metal fabrication, Inerting blanketing and heat treating, Cryogenics and liquefaction, Chemical synthesis and hydrogenation, Purging and purifications, Analytical and calibration),
By Supply Mode Merchant packaged sales, Bulk delivered and cryogenic storage, Long-term onsite plants undertake or supply contracts, Pipeline network supply, Gas as a service and rental),
By End-User Industry Oil and Gas, Petrochemicals and Chemicals, Power and Energy, Mining, Steelmaking, Metals, Healthcare, Food and Beverages, Fertilizers, Others), and others

North America Industrial Gases Market Drivers:

Clean hydrogen infrastructure incentives

Federal policy and funding have sharply accelerated clean hydrogen deployment, which in turn drives demand for industrial gases used in hydrogen production and processing. The Inflation Reduction Act offers a hydrogen production tax credit of up to USD3/kg and a 30% investment credit for hydrogen facilities. Meanwhile, the DOE’s Regional Clean Hydrogen Hubs program commits USD7 billion to build hydrogen production, storage, transportation, and end-use networks across the U.S. For instance, Exxon and Air Liquide agreed to build four air separation units supplying 9,000 tons of oxygen and 6,500 tons of nitrogen daily at their Baytown, Texas, low-carbon hydrogen facility. These incentives are also encouraging the expansion of electrolyzer manufacturing capacity, with several projects in California, Texas, and New York targeting commercial operation before 2030. As more states link clean hydrogen policies with industrial decarbonization goals, regional demand for oxygen, nitrogen, and argon is expected to scale sharply during 2026-32.

Feedstock demand escalation in refining and chemicals

Hydrogen remains a core feedstock for refining and chemical synthesis, and rising petrochemical capacity is increasing industrial gas demand in North America. U.S. refiners consume 68% of the domestic hydrogen supply, and fertilizer/chemical sectors use 21%, and this consumption is projected to grow from 10 MMt in 2018 to over 14 MMt by 2050. For instance, Air Products highlighted hydrogen’s role at POWERGEN International by showcasing boiler trials that reduce emissions in power generation, bringing attention to downstream demand in utilities and chemicals. As petrochemical investments in the U.S. Gulf Coast exceed USD200 billion, according to the American Chemistry Council, industrial gas suppliers are expanding on-site generation capacity to meet integration needs. This rising feedstock dependency strengthens long-term contract frameworks and positions gases as essential enablers of energy transition across chemical and refining ecosystems.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. North America Industrial Gases Market Policies, Regulations, and Product Standards
  5. North America Industrial Gases Market Supply Chain Analysis
  6. North America Industrial Gases Market Trends & Developments
  7. North America Industrial Gases Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. North America Industrial Gases Market Hotspot & Opportunities
  9. North America Industrial Gases Market Outlook, 2026–2032
    1. Market Size & Outlook
      1. By Revenue (USD Million)
        1. By Gas
          1. Nitrogen – Market Size & Forecast 2020-2032, USD Million
          2. Oxygen – Market Size & Forecast 2020-2032, USD Million
          3. Carbon dioxide – Market Size & Forecast 2020-2032, USD Million
          4. Argon – Market Size & Forecast 2020-2032, USD Million
          5. Hydrogen – Market Size & Forecast 2020-2032, USD Million
          6. Helium – Market Size & Forecast 2020-2032, USD Million
          7. Acetylene – Market Size & Forecast 2020-2032, USD Million
          8. Others – Market Size & Forecast 2020-2032, USD Million
        2. By Application
          1. Combustion and process oxygen – Market Size & Forecast 2020-2032, USD Million
          2. Welding and metal fabrication – Market Size & Forecast 2020-2032, USD Million
          3. Inerting blanketing and heat treating – Market Size & Forecast 2020-2032, USD Million
          4. Cryogenics and liquefaction – Market Size & Forecast 2020-2032, USD Million
          5. Chemical synthesis and hydrogenation – Market Size & Forecast 2020-2032, USD Million
          6. Purging and purifications – Market Size & Forecast 2020-2032, USD Million
          7. Analytical and calibration – Market Size & Forecast 2020-2032, USD Million
        3. By Supply Mode
          1. Merchant packaged sales – Market Size & Forecast 2020-2032, USD Million
          2. Bulk delivered and cryogenic storage – Market Size & Forecast 2020-2032, USD Million
          3. Long-term onsite plants undertake or supply contracts – Market Size & Forecast 2020-2032, USD Million
          4. Pipeline network supply – Market Size & Forecast 2020-2032, USD Million
          5. Gas as a service and rental – Market Size & Forecast 2020-2032, USD Million
        4. By End-User Industry
          1. Oil and Gas – Market Size & Forecast 2020-2032, USD Million
          2. Petrochemicals and Chemicals – Market Size & Forecast 2020-2032, USD Million
          3. Power and Energy – Market Size & Forecast 2020-2032, USD Million
          4. Mining, Steelmaking, Metals – Market Size & Forecast 2020-2032, USD Million
          5. Healthcare – Market Size & Forecast 2020-2032, USD Million
          6. Food and Beverages – Market Size & Forecast 2020-2032, USD Million
          7. Fertilizers – Market Size & Forecast 2020-2032, USD Million
          8. Others – Market Size & Forecast 2020-2032, USD Million
        5. By Region
          1. United States
          2. Canada
          3. Mexico
        6. By Company
          1. Company Revenue Shares
          2. Competitor Characteristics
  10. United States Industrial Gases Market Outlook, 2026–2032
    1. Market Size & Outlook
      1. By Revenue (USD Million)
      2. By Volume Sold (Million Cubic Meters)
    2. Market Share & Outlook
      1. By Gas – Market Size & Forecast 2020-2032, USD Million
      2. By Application – Market Size & Forecast 2020-2032, USD Million
      3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
      4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
  11. Canada Industrial Gases Market Outlook, 2026–2032
    1. Market Size & Outlook
      1. By Revenue (USD Million)
      2. By Volume Sold (Million Cubic Meters)
    2. Market Share & Outlook
      1. By Gas – Market Size & Forecast 2020-2032, USD Million
      2. By Application – Market Size & Forecast 2020-2032, USD Million
      3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
      4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
  12. Mexico Industrial Gases Market Outlook, 2026–2032
    1. Market Size & Outlook
      1. By Revenue (USD Million)
      2. By Volume Sold (Million Cubic Meters)
    2. Market Share & Outlook
      1. By Gas – Market Size & Forecast 2020-2032, USD Million
      2. By Application – Market Size & Forecast 2020-2032, USD Million
      3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
      4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
  13. North America Industrial Gases Market Key Strategic Imperatives for Success & Growth
  14. Competition Outlook
    1. Company Profiles
      1. Air Liquide
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Airgas
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Air Products and Chemicals
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Chart Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Linde
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Matheson Tri-Gas
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Messer Americas
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Praxair
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Taylor-Wharton
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Universal Industrial Gases
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  15. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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