U.S. Industrial Gases Market To Reach $24.2 Billion By 2033

U.S. Industrial Gases Market Growth & Trends

The U.S. industrial gases market is estimated to reach USD 24.2 billion by 2033, registering a CAGR of 8.5% from 2026 to 2033, according to a new report by Grand View Research, Inc. This growth has been attributed to and increasing application of these gases in various industries such as manufacturing, healthcare, food & beverages, and metallurgy, are expected to influence the growth of the market for U.S. industries gases in the coming years.

In the U.S. market, oxygen is widely used in steel and copper production, medical applications, and fuel efficiency improvement programs. The execution of the oxygenation process in furnaces can result in efficient energy generation that is required in steel, cement, and copper production. Oxygen can also be used for cleaning hazardous materials and treating polluted water. It is used in coal gasification systems as well. Additionally, it can be employed as an alternative to chlorine in the pulp & paper industry to reduce pollution.

The demand for industrial gases is surging in the electronics industry in the U.S. owing to their use in printed electronics, semiconductors, and flat-panel displays. This industry uses industrial gases such as sulfur hexafluoride (SF6), nitrogen trifluoride (NF3), and silane (SiH4) to develop cutting-edge components such as silicon wafers and integrated circuits, flat-panel displays, and compound semiconductors. Industrial gases are required in the electronics industry to carry out innovations and new product developments.

Nitrogen and argon gases are used in the production of plasma screens, while helium is employed for the development of hard disk drives. Additionally, industrial gases are used to cool electronic systems during manufacturing processes, particularly the ones that are used for producing high-performance microprocessors. Thus, the availability and effective use of industrial gases have significantly impacted the electronics industry by improving efficiency, quality, and output.

The development of carbon capture, utilization, and storage (CCUS) technologies creates opportunities for the growth of the industrial gas market as these technologies require carbon dioxide for use in enhanced oil recovery (EOR) operations. They are also used for sequestering carbon dioxide from geological formations.

The industrial gas market in the U.S. is not only competitive but highly consolidated as well. The leading players operating in the market are Air Liquide, Messer North America, and Linde Plc & Air Products and Chemicals, Inc. These companies account for a large share of the industrial gas market in the U.S. They have a large customer base globally. Moreover, these large manufacturers cater to the industrial gas requirements of almost every end-use industry owing to their broad product portfolios.

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U.S. Industrial Gases Market Report Highlights

• Oxygen emerged as the fastest-growing product segment with a CAGR of 9.0% from 2026 to 2033. The versatility of oxygen makes it a vital component in the healthcare and chemicals industries. In hospitals and health clinics, medical oxygen is essential for a variety of surgeries and therapies. Oxygen is also used for welding, metal cutting, cleaning, and melting applications. Furthermore, oxygen is used to maintain the fresh and natural color of red meat in the food industry

• Healthcare is the fastest growing application segment with a CAGR of 9.1% from 2026 to 2033, owing to the rising health conditions among people

• Increasing demand for industrial gases from various end-use industries in the U.S. has encouraged the market players to increase their regional footprint and broaden their product range. Some key companies actively operating in this market are The Linde Group, Messer Group, Air Products & Chemicals Inc., Air Liquide, etc

• Numerous product developments and innovations are being made by the industry players in order to serve a larger geographical portion, further increasing their market share in the industry. For instance, in June 2024, Air Liquide announced an investment of up to USD 850 million to build and operate four large air separation units in Texas, supplying around 9,000 metric tons of oxygen per day for ExxonMobil’s low-carbon hydrogen project

• Moreover, players also adopt the expansion strategy to increase the reach of their products in the market. Key market players adopting this inorganic growth strategy include INOX-Air Products, Air Liquide, and Linde plc. In June 2025, Linde PLC announced plans to build a new carbon dioxide production plant in Freeport, Texas, expected to be operational by 2027, which will capture and liquefy CO? from MEGlobal American’s plant, significantly expanding supply capacity for food, beverage, and industrial applications

U.S. Industrial Gases Market Segmentation

Grand View Research has segmented the U.S. industrial gases market report based on product and application:

U.S. Industrial Gases Product Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• Oxygen

• Nitrogen

• Carbon Dioxide

• Mixtures

U.S. Industrial Gases Application Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• Healthcare

• Manufacturing

• Metallurgy & Glass

• Food & Beverages

• Retail

• Chemicals & Energy

• Other Applications

List of Key Players of U.S. Industrial Gases Market

• Messer North America, Inc.

• Air Products and Chemicals, Inc.

• Linde PLC

• Air Liquide

• NIPPON SANSO MATHESON, INC.

• BASF

• MESA Specialty Gases & Equipment

• UNIVERSAL INDUSTRIAL GASES, LLC.