Industrial Gases Market To Grow Substantially At A CAGR Of 7.42% From 2023 To 2030
Industrial Gases Industry Overview The global industrial gases market size was valued at USD 99.99 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.42% from 2023 to 2030. The growth is primarily driven by the growing manufacturing industry in developing economies of the Asia Pacific region. Rapid industrialization and application of industrial gases in various industries, such as manufacturing, mining, metals, food & beverage, and healthcare, are further expected to influence the market growth in the coming years. However, environmental regulations, safety, and high gas conversion costs may hinder the industry growth during the forecast period. Gather more insights about the market drivers, restrains and growth of the Industrial Gases Market The U.S. accounted for a majority share in the North America regional market and is expected to retain its leading position throughout the forecast period. The U.S. emerged as one of the major cou...