Compressed Gas Market To Reach $6,179.50 Million By 2030

Compressed Gas Market Growth & Trends

The global compressed gas market size is anticipated to reach USD 6,179.50 million by 2030 and is anticipated to expand at a CAGR 5.2% of during the forecast period, according to a new report by Grand View Research, Inc. The global demand for compressed gas, which is pressurized to a high density for storage and transportation, is witnessing a significant surge across industries.

Compressed gases, including natural gas, hydrogen, oxygen, and nitrogen, are essential for a wide range of applications, from energy and transportation to healthcare and manufacturing. This growing demand is fueled by the increasing adoption of cleaner energy solutions, advancements in industrial processes, and the critical role of compressed gases in medical and scientific fields.

Compressed natural gas (CNG), in particular, is emerging as a key player in the global energy transition. As a cleaner alternative to traditional fossil fuels, CNG is being widely adopted in the transportation sector, especially for heavy-duty vehicles. Governments and industries worldwide are investing in CNG infrastructure, including refueling stations and pipelines, to support its use. According to recent market reports, the global CNG market is projected to grow at a robust rate, driven by its environmental benefits and cost-effectiveness. This trend underscores the pivotal role of compressed gases in reducing carbon emissions and promoting sustainable energy solutions.

The industrial sector is another major driver of the rising demand for compressed gases. Gases such as nitrogen and argon are widely used in manufacturing processes, including welding, cutting, and creating inert atmospheres for chemical reactions. In addition, compressed hydrogen is gaining traction as a clean energy carrier, with applications in fuel cells and energy storage systems. The versatility of compressed gases, combined with advancements in storage and transportation technologies, is enabling industries to enhance efficiency and reduce environmental impact.

As the global market for compressed gases continues to expand, companies are investing heavily in innovation and infrastructure to meet the growing demand. From developing advanced gas compressors to establishing LNG and CNG refueling stations, the industry is evolving rapidly to support the needs of a cleaner, more efficient future. This growth not only reflects the increasing reliance on compressed gases across sectors but also highlights their critical role in driving sustainability and industrial progress.

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Compressed Gas Market Report Highlights

• Asia Pacific is the largest and fastest-growing regional market for compressed gas, with China and India being the leading country-level markets.

• Nitrogen industry is the dominant region for the compressed gas market with a revenue share of 28.6% in 2024.

• China held over 34.9% revenue share of the overall Asia Pacific compressed gas market.

• In 2024, Linde (NASDAQ: LIN), has announced the signing of agreements to de-captivate two air separation units (ASUs) and expand its supply of industrial gases to Tata Steel Limited in Odisha, India. This strategic move strengthens Linde's partnership with Tata Steel and supports the steelmaker's ambitious capacity expansion plans. 

Compressed Gas Market Segmentation

Grand View Research has segmented the global compressed gas market on the basis of product, end use, distribution channel and region:

Compressed Gas Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Nitrogen

• Oxygen

• Hydrogen

• Carbon Dioxide

• Specialty Gases

• Argon & Acetylene

• Others

Compressed Gas End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Infrastructure and Utilities

• Energy and Mining

• Healthcare & Pharmaceuticals

• Manufacturing

• Research & Technology

• Others

Compressed Gas Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• On-Site

• Bulk

• Cylinder

Compressed Gas Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• UK

• France

• Italy

• Asia Pacific

• China

• India

• Japan

• South Korea

• Latin America

• Brazil

• Argentina

• Middle East & Africa

• South Africa

• Saudi Arabia

List of Key Players in the Compressed Gas Market

• Western International Gas & Cylinders, Inc.

• Keen Compressed Gas Co.

• Airgas

• Superior Products, LLC

• A-L Compressed Gas

• Air Liquide

• Air Products Inc.

• INOX-Air Products Inc.

• Iwatani Corp.

• Linde plc

• Messer