Product Code: GVR-4-68040-523-8
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.
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.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Compressed Gas Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Technology Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Compressed Gas Market: Product Estimates & Trend Analysis
- 4.1. Compressed Gas Market: Product Movement Analysis, 2023 & 2030
- 4.2. Nitrogen
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Oxygen
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Hydrogen
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Carbon Dioxide
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.6. Specialty Gases
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.7. Argon & Acetylene
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.8. Others
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Compressed Gas Market: End-Use Estimates & Trend Analysis
- 5.1. Compressed Gas Market: Application Movement Analysis, 2023 & 2030
- 5.2. Infrastructure and Utilities
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Energy and Mining
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Healthcare & Pharmaceuticals
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Manufacturing
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Research
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Compressed Gas Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Compressed Gas Market: Distribution Channel Movement Analysis, 2023 & 2030
- 6.2. On-Site
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Bulk
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Cylinder
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Compressed Gas Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.5.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.2.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.6.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.2.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.7.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.2.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.3.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6. UK
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.7.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.3.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.8. Italy
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.8.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.3.8.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.6.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.4.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.7.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.4.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.8.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.4.8.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.5.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.5.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.6. Argentina
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.6.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.5.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.5. South Africa
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.5.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.6.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.6.3. Market estimates and forecasts, by end-use 2018 - 2030 (USD Million) (Kilotons)
- 7.6.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning Analysis, 2024
- 8.4. Strategy Mapping
- 8.5. Company Profiles/Listing
- 8.5.1. Western International Gas & Cylinders, Inc.
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.2. Keen Compressed Gas Co.
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.3. Airgas
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.4. Superior Products, LLC
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.5. A-L Compressed Gas
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.6. Air Liquide
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.7. Air Products Inc.
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.8. INOX-Air Products Inc.
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.9. Iwatani Corp.
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.10. Linde plc
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking