The latest report by IMARC Group, titled “United States Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Region 2024-2032” The study provides a detailed analysis of the industry, including the United States industrial gases market forecast, size, share, price, growth, and trends. The market size is projected to exhibit a growth rate (CAGR) of 3.6% during 2024-2032.
United States Industrial Gases Market Trends:
Industrial gases are a group of gases that are produced for use in industrial processes. These gases, which include oxygen, nitrogen, hydrogen, carbon dioxide, and argon, play a critical role in a wide range of industries, including manufacturing, healthcare, energy, and food and beverage production. Industrial gases are often produced through methods such as air separation, chemical synthesis, and the reforming of hydrocarbons. These processes yield gases that are then used in applications ranging from welding and cutting metals, to enhancing food preservation, to fueling and driving chemical reactions in industrial processes. Oxygen, for instance, is vital in steel manufacturing and medical therapies, while nitrogen is commonly used for inerting and blanketing to prevent oxidation and explosions in chemical and oil refining processes.
The industrial gases market in the United States is experiencing strong growth due to several key factors and emerging trends. One major driving force is the increasing demand from the healthcare sector. With a growing aging population and advancements in medical technologies, the need for medical-grade gases like oxygen and nitrogen is rising. These gases are crucial for respiratory therapies, anesthesia, and minimally invasive surgical procedures. The electronics and semiconductor industries in the United States are also seeing significant growth, with high-purity gases such as argon and nitrogen being essential for manufacturing processes. The thriving food and beverage industry is another significant driver, using gases for various applications like carbonation and packaging to improve product quality and shelf life.
Additionally, there is a focus on clean and sustainable energy sources, leading to increased adoption of hydrogen as a key fuel in the energy transition. Technological advancements, government initiatives, and regulatory changes are all playing important roles in shaping the U.S. industrial gases market, and its continued growth is expected as a result of these diverse applications and ongoing advancements.
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United States Industrial Gases Market Segmentation:
Breakup by Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Breakup by Supply Mode:
- Packaged
- Bulk
- On-Site
Breakup by Region:
- Northeast
- Midwest
- South
- West
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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