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極低温ガス市場の2032年までの予測:製品別、用途別、地域別の世界分析

Cryogenic Gases Market Forecasts to 2032 - Global Analysis By Product (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), Specialty Gases, Acetylene and Other Products), Application and By Geography


出版日
ページ情報
英文 200+ Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.83円
極低温ガス市場の2032年までの予測:製品別、用途別、地域別の世界分析
出版日: 2025年05月03日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
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  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界の極低温ガス市場は2025年に865億2,000万米ドルを占め、予測期間中のCAGRは8.7%で成長し、2032年には1,551億4,000万米ドルに達する見込みです。

極低温ガスとは、通常-150℃(-238°F)以下の超低温で液体の状態のガスと定義されます。これらのガスは液体の状態で効率的に貯蔵・輸送できるため、小さな容器で大量の取り扱いが可能であり、様々な産業で広く使用されています。酸素、窒素、アルゴン、二酸化炭素は極低温ガスの一例であり、食品加工、ヘルスケア、エネルギー、航空宇宙などの分野に不可欠です。さらに、極低温ガスの取り扱いと貯蔵には、その極低温とガス膨張に伴う潜在的な危険性のため、特殊な設備と安全対策が必要です。

英国圧縮ガス協会(BCGA)によると、BCGAは産業、医療、食品ガス業界の企業のための英国の業界団体です。1971年に設立されたBCGAは、100社以上の会員企業を代表し、ベストプラクティス文書などの安全・技術サポートを提供しています。

医療・ヘルスケア分野で高まるニーズ

医療産業は極低温ガス、特に液体酸素に大きく依存しています。液体酸素は、喘息や慢性閉塞性肺疾患(COPD)のような呼吸器疾患の治療や高酸素手術に不可欠です。さらに、極低温ガスは、精子、卵子、胚などの生物学的サンプルを極低温で保存する冷凍保存にも不可欠です。ヘルスケアにおける極低温ガスのニーズは、世界人口の増加と、特に発展途上国における慢性的な健康状態の増加により、劇的に増加すると予測されています。

製造と貯蔵のコストが高い

極低温ガスは、特に液化の過程で、製造と貯蔵にコストがかかります。水素、窒素、酸素のようなガスを液化するには、高度でエネルギー集約的な極低温技術が必要です。高い生産コストは、極低温設備のエネルギー消費と維持管理の結果です。さらに、極低温を維持しなければならない極低温貯蔵タンクには、高い断熱性を持つ材料が必要です。このような材料は特殊であり、しばしばコストがかかります。このようなコストのために、特に財源の乏しい分野や地域では、極低温技術が広く採用されない可能性があります。

極低温効率と技術の向上

極低温システムの技術開発は、市場開拓の大きなチャンスとなります。極低温液化、貯蔵タンク、輸送システムの進歩により、その手順はより経済的かつ効率的になっています。真空断熱パネルやエアロゲルのような断熱技術の進歩は、極低温容器の熱性能向上に寄与し、エネルギー損失を低減し、貯蔵容量を増加させる。さらに、極低温産業における技術革新は、企業の参入障壁を低減し、航空宇宙、食品、ヘルスケア、エネルギーなどの産業で極低温ガスが広く使用されるための扉を開くのに役立ちます。

商業的障壁と地政学的緊張

国際貿易の力学と地政学的安定性は極低温ガス市場に大きな影響を与えます。多くの極低温ガス、特に液化天然ガス(LNG)は国際輸送されるため、貿易協定と国際関係が市場の拡大に重要な役割を果たします。供給不足、コスト増、物流の遅れは、貿易制限、関税、制裁措置によっても生じうる。例えば、極低温ガスの輸送や生産に必要な原材料の輸出を制限する国は、世界的にサプライチェーンのボトルネックを引き起こす可能性があります。さらに、米国におけるLNG生産の増加などの国際競争は、輸入に依存する地域の市場に課題する可能性があります。

COVID-19の影響:

COVID-19の大流行は、さまざまな業界の需給を混乱させ、極低温ガス市場に大きな影響を与えました。酸素や窒素のようなガスはヘルスケア産業、特にCOVID-19患者を治療する病院やその他の医療施設での医療用途で需要が拡大しました。しかし、製造業、自動車、航空宇宙など多くの産業分野では、サプライチェーンの中断、世界の操業停止、生産量の減少の結果、需要が減少しました。さらに、パンデミックの影響で投資や新規プロジェクトが遅れ、市場拡大がさらに鈍化しました。生産スケジュールは、原材料と熟練労働者の不足によって影響を受け、輸送と物流の遅れによって極低温ガスの納入が遅れました。

液化天然ガス(LNG)セグメントが予測期間中最大となる見込み

液化天然ガス(LNG)セグメントは、予測期間中に最大の市場シェアを占めると予想されます。世界のエネルギー転換は、天然ガスの低温液体形態であるLNGに大きく依存しており、その理由は石炭・石油のような他の化石燃料に比べて二酸化炭素排出量が少ないからです。LNGは産業プロセス、エネルギー生産、より環境に優しい輸送手段として広く利用されています。LNGの輸出入施設の増加や、パイプライン・インフラのない地域での天然ガス需要の高まりが市場を牽引しています。さらに、LNGの優位性は、エネルギー安全保障における役割と、さまざまな産業での採用によって維持されています。

予測期間中、エレクトロニクス・半導体分野のCAGRが最も高くなる見込み

予測期間中、ヘリウム、アルゴン、窒素など半導体製造プロセスにおける高純度ガスのニーズの高まりにより、エレクトロニクス・半導体分野が最も高い成長率を示すと予測されます。ウエハー製造、エッチング、電子部品冷却などの用途では、これらのガスが必要とされます。この市場の力強い成長は、半導体技術の急速な発展、スマートデバイスの普及、データセンターの成長によるところが大きいです。さらに、エレクトロニクス産業の発展に伴い、高度な製造プロセスをサポートするための特殊な極低温ガスのニーズが高まると予想され、これが市場開拓をさらに推進します。

最大シェアの地域:

予測期間中、アジア太平洋地域が最大の市場シェアを占めると予想されます。急速な工業化、LNGインフラへの大規模投資、持続可能なエネルギー源への注目の高まりが、この優位性の主な要因です。ヘルスケア、エレクトロニクス、エネルギーなどの産業における需要の高まりにより、中国やインドのような国々がリードしています。さらに、この地域がインフラとよりクリーンなエネルギー源の開発に力を注いでいることも、特殊極低温ガス需要の着実な増加に寄与しています。

CAGRが最も高い地域:

予測期間中、中東・アフリカ地域が最も高いCAGRを示すと予測されます。特にサウジアラビア、アラブ首長国連邦、カタールのような国々における、精製、液化、LNG生産における極低温ガス需要の増加が、この成長の主な原因となっています。市場開拓は、石油化学およびエネルギー・プロジェクトへの投資や、インフラ整備の増加によっても推進されています。さらに、この地域は技術開発と持続可能なエネルギー源に重点を置いているため、さまざまな産業用途で極低温ガスの需要が増加しています。

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本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます:

  • 企業プロファイル
    • 追加市場プレイヤーの包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 要約
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査資料
    • 1次調査資料
    • 2次調査情報源
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • 製品分析
  • 用途分析
  • 新興市場
  • COVID-19の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界の極低温ガス市場:製品別

  • 窒素
  • 酸素
  • アルゴン
  • 液化天然ガス(LNG)
  • 特殊ガス
  • アセチレン
  • その他の製品

第6章 世界の極低温ガス市場:用途別

  • ヘルスケア
  • 石油・ガス
  • 冶金
  • エレクトロニクスおよび半導体
  • 食品・飲料
  • 化学・エネルギー
  • その他の用途

第7章 世界の極低温ガス市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第8章 主な発展

  • 契約、パートナーシップ、コラボレーション、ジョイントベンチャー
  • 買収と合併
  • 新製品発売
  • 事業拡大
  • その他の主要戦略

第9章 企業プロファイリング

  • Honeywell International Inc.
  • Sumitomo Heavy Industries Ltd
  • Cryogas Equipment Private Limited
  • Air Products and Chemicals, Inc.
  • Cryofab Inc.
  • Nikkiso Co Ltd
  • Wessington Cryogenics Inc
  • Inoxcva Inc
  • Chart Industries Inc
  • Linde Plc
  • Acme Cryogenics Inc.
  • Emerson Electric Co.
  • S Z Enterprises
  • Incryo Systems Pvt. Ltd.
  • Air Liquide Inc
図表

List of Tables

  • Table 1 Global Cryogenic Gases Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 3 Global Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 4 Global Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 5 Global Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 6 Global Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 7 Global Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 8 Global Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 9 Global Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 10 Global Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 11 Global Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 12 Global Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 13 Global Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 14 Global Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 15 Global Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 16 Global Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 17 Global Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 18 North America Cryogenic Gases Market Outlook, By Country (2024-2032) ($MN)
  • Table 19 North America Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 20 North America Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 21 North America Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 22 North America Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 23 North America Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 24 North America Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 25 North America Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 26 North America Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 27 North America Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 28 North America Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 29 North America Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 30 North America Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 31 North America Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 32 North America Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 33 North America Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 34 North America Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 35 Europe Cryogenic Gases Market Outlook, By Country (2024-2032) ($MN)
  • Table 36 Europe Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 37 Europe Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 38 Europe Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 39 Europe Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 40 Europe Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 41 Europe Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 42 Europe Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 43 Europe Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 44 Europe Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 45 Europe Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 46 Europe Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 47 Europe Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 48 Europe Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 49 Europe Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 50 Europe Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 51 Europe Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 52 Asia Pacific Cryogenic Gases Market Outlook, By Country (2024-2032) ($MN)
  • Table 53 Asia Pacific Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 54 Asia Pacific Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 55 Asia Pacific Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 56 Asia Pacific Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 57 Asia Pacific Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 58 Asia Pacific Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 59 Asia Pacific Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 60 Asia Pacific Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 61 Asia Pacific Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 62 Asia Pacific Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 63 Asia Pacific Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 64 Asia Pacific Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 65 Asia Pacific Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 66 Asia Pacific Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 67 Asia Pacific Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 68 Asia Pacific Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 69 South America Cryogenic Gases Market Outlook, By Country (2024-2032) ($MN)
  • Table 70 South America Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 71 South America Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 72 South America Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 73 South America Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 74 South America Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 75 South America Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 76 South America Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 77 South America Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 78 South America Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 79 South America Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 80 South America Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 81 South America Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 82 South America Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 83 South America Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 84 South America Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 85 South America Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 86 Middle East & Africa Cryogenic Gases Market Outlook, By Country (2024-2032) ($MN)
  • Table 87 Middle East & Africa Cryogenic Gases Market Outlook, By Product (2024-2032) ($MN)
  • Table 88 Middle East & Africa Cryogenic Gases Market Outlook, By Nitrogen (2024-2032) ($MN)
  • Table 89 Middle East & Africa Cryogenic Gases Market Outlook, By Oxygen (2024-2032) ($MN)
  • Table 90 Middle East & Africa Cryogenic Gases Market Outlook, By Argon (2024-2032) ($MN)
  • Table 91 Middle East & Africa Cryogenic Gases Market Outlook, By Liquefied Natural Gas (LNG) (2024-2032) ($MN)
  • Table 92 Middle East & Africa Cryogenic Gases Market Outlook, By Specialty Gases (2024-2032) ($MN)
  • Table 93 Middle East & Africa Cryogenic Gases Market Outlook, By Acetylene (2024-2032) ($MN)
  • Table 94 Middle East & Africa Cryogenic Gases Market Outlook, By Other Products (2024-2032) ($MN)
  • Table 95 Middle East & Africa Cryogenic Gases Market Outlook, By Application (2024-2032) ($MN)
  • Table 96 Middle East & Africa Cryogenic Gases Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 97 Middle East & Africa Cryogenic Gases Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 98 Middle East & Africa Cryogenic Gases Market Outlook, By Metallurgy (2024-2032) ($MN)
  • Table 99 Middle East & Africa Cryogenic Gases Market Outlook, By Electronics & Semiconductors (2024-2032) ($MN)
  • Table 100 Middle East & Africa Cryogenic Gases Market Outlook, By Food & Beverages (2024-2032) ($MN)
  • Table 101 Middle East & Africa Cryogenic Gases Market Outlook, By Chemicals & Energy (2024-2032) ($MN)
  • Table 102 Middle East & Africa Cryogenic Gases Market Outlook, By Other Applications (2024-2032) ($MN)
目次
Product Code: SMRC29523

According to Stratistics MRC, the Global Cryogenic Gases Market is accounted for $86.52 billion in 2025 and is expected to reach $155.14 billion by 2032 growing at a CAGR of 8.7% during the forecast period. Cryogenic gases are defined as gases at very low temperatures, usually below -150°C (-238°F), in a liquid state. These gases' capacity to be efficiently stored and transported in liquid form, enabling the handling of large quantities in small containers, makes them widely used in a variety of industries. Oxygen, nitrogen, argon, and carbon dioxide are examples of cryogenic gases that are essential to sectors like food processing, healthcare, energy, and aerospace. Moreover, the handling and storage of cryogenic gases require specialized equipment and safety measures due to their extremely low temperatures and potential hazards associated with gas expansion.

According to the British Compressed Gases Association (BCGA) is the UK's trade association for companies in the industrial, medical, and food gases industry. Established in 1971, the BCGA represents over 100 member companies and provides safety and technical support, including best practice documents.

Market Dynamics:

Driver:

Growing need in the medical and healthcare sectors

The medical industry relies heavily on cryogenic gases, especially liquid oxygen. Liquid oxygen is essential for the treatment of respiratory disorders like asthma and chronic obstructive pulmonary disease (COPD), as well as for high-oxygen surgeries. Additionally, cryogenic gases are essential for cryopreservation, which involves keeping biological samples-such as sperm, eggs, and embryos-at extremely low temperatures. The need for cryogenic gases in healthcare is predicted to increase dramatically due to the growing global population and the rise in chronic health conditions, particularly in developing nations.

Restraint:

High costs of production and storage

Cryogenic gases are expensive to produce and store, especially during the liquefaction process. It takes sophisticated, energy-intensive cryogenic technology to liquefy gases like hydrogen, nitrogen, and oxygen. High production costs are a result of the energy consumption and upkeep of cryogenic facilities. Furthermore, materials with high insulation qualities are needed for cryogenic storage tanks, which must maintain extremely low temperatures. These materials are specialized and frequently costly. Cryogenic technologies may not be widely adopted due to these costs, particularly in sectors or areas with low financial resources.

Opportunity:

Improvements in cryogenic efficiency and technology

Cryogenic systems technological developments present a significant market expansion opportunity. The procedure is now more economical and efficient owing to advancements in cryogenic liquefaction, storage tanks, and transportation systems. Advances in insulation technologies, like vacuum-insulated panels and aero gels, contribute to better cryogenic container thermal performance, which lowers energy loss and increases storage capacity. Moreover, innovations in the cryogenic industry can help reduce the entry barrier for companies and open doors for the wider use of cryogenic gases in industries like aerospace, food, healthcare, and energy.

Threat:

Commercial barriers and geopolitical tensions

The dynamics of international trade and geopolitical stability have a significant impact on the cryogenic gases market. Since many cryogenic gases, particularly liquid natural gas (LNG), are transported internationally, trade agreements and international relations play a crucial role in the expansion of the market. Supply shortages, increased costs, and delays in logistics can also result from trade restrictions, tariffs, or sanctions. For example, nations that restrict the export of raw materials needed for the transportation or production of cryogenic gas may cause supply chain bottlenecks worldwide. Additionally, international competition, such as increasing LNG production in the U.S., could challenge markets in regions dependent on imports.

Covid-19 Impact:

The COVID-19 pandemic significantly affected the market for cryogenic gases by upsetting supply and demand in a number of different industries. Gases like oxygen and nitrogen were in greater demand in the healthcare industry, especially for medical applications in hospitals and other healthcare facilities that treat COVID-19 patients. However, a number of industrial sectors, such as manufacturing, automotive, and aerospace, saw a decline as a result of supply chain interruptions, worldwide lockdowns, and decreased production. Furthermore, the pandemic delayed investments and new projects, which further slowed market expansion. Production schedules were impacted by a lack of raw materials and skilled labor, and delays in transportation and logistics caused the delivery of cryogenic gases to be delayed.

The liquefied natural gas (LNG) segment is expected to be the largest during the forecast period

The liquefied natural gas (LNG) segment is expected to account for the largest market share during the forecast period. The global energy transition depends heavily on LNG, a cryogenic liquid form of natural gas, because it emits fewer carbon emissions than other fossil fuels like coal and oil. It is widely used for industrial processes, energy production, and as a more environmentally friendly mode of transportation. Growing LNG import/export facilities and the rising demand for natural gas in areas without pipeline infrastructure are driving the market. Moreover, LNG's dominance is sustained by its role in energy security and its adoption across a range of industries.

The electronics & semiconductors segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the electronics & semiconductors segment is predicted to witness the highest growth rate, driven by the growing need for high-purity gases in semiconductor manufacturing processes, including helium, argon, and nitrogen. Applications such as wafer fabrication, etching, and electronic component cooling require these gases. The strong growth of this market is largely due to the quick development of semiconductor technologies, the widespread use of smart devices, and the growth of data centers. Additionally, the need for specialized cryogenic gases to support advanced manufacturing processes is anticipated to increase as the electronics industry develops, which will further propel market expansion.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. Rapid industrialization, large investments in LNG infrastructure, and a growing focus on sustainable energy sources are the main drivers of this dominance. With rising demand in industries like healthcare, electronics, and energy, nations like China and India are leading the way. Furthermore, the region's dedication to developing infrastructure and cleaner energy sources contributes to the steady increase in demand for specialized cryogenic gases.

Region with highest CAGR:

Over the forecast period, the Middle East and Africa region is anticipated to exhibit the highest CAGR. The growing demand for cryogenic gases in refining, liquefaction, and LNG production, especially in nations like Saudi Arabia, the United Arab Emirates, and Qatar, is primarily responsible for this growth. Growth in the market is also being driven by investments in petrochemical and energy projects as well as increased infrastructure development. Moreover, the region's focus on technological developments and sustainable energy sources increases demand for cryogenic gases in a range of industrial applications.

Key players in the market

Some of the key players in Cryogenic Gases Market include Honeywell International Inc., Sumitomo Heavy Industries Ltd, Cryogas Equipment Private Limited, Air Products and Chemicals, Inc., Cryofab Inc., Nikkiso Co Ltd, Wessington Cryogenics Inc, Inoxcva Inc, Chart Industries Inc, Linde Plc, Acme Cryogenics Inc., Emerson Electric Co., S Z Enterprises, Incryo Systems Pvt. Ltd. and Air Liquide Inc.

Key Developments:

In April 2025, Honeywell International Inc. has signed an agreement with Argent LNG to deploy Honeywell's pretreatment solutions at a liquefied natural gas (LNG) terminal to be built at Port Fourchon, Louisiana. Honeywell's LNG pretreatment solutions help remove contaminants from natural gas, enabling facility operators to enhance production and operational efficiency.

In January 2025, Chart Industries, Inc. is pleased to announce its signing of a global master goods and services agreement with ExxonMobil. This enabling agreement sets the terms, conditions, and commercial framework for Chart to provide LNG equipment, technology, and services for ExxonMobil's global portfolio of projects.

In August 2024, Air Products announced Air Products San Fu Co. Ltd. has signed a 10-year Power Purchase Agreement (PPA) for solar electricity with Tatung Forever Energy, a subsidiary of Tatung Company, one of Taiwan's leading conglomerates. The strategic renewable energy agreement underscores Air Products' long-term commitment to address climate change and support the decarbonisation and sustainable development of Taiwan's industrial gases sector.

Products Covered:

  • Nitrogen
  • Oxygen
  • Argon
  • Liquefied Natural Gas (LNG)
  • Specialty Gases
  • Acetylene
  • Other Products

Applications Covered:

  • Healthcare
  • Oil & Gas
  • Metallurgy
  • Electronics & Semiconductors
  • Food & Beverages
  • Chemicals & Energy
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Product Analysis
  • 3.7 Application Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Cryogenic Gases Market, By Product

  • 5.1 Introduction
  • 5.2 Nitrogen
  • 5.3 Oxygen
  • 5.4 Argon
  • 5.5 Liquefied Natural Gas (LNG)
  • 5.6 Specialty Gases
  • 5.7 Acetylene
  • 5.8 Other Products

6 Global Cryogenic Gases Market, By Application

  • 6.1 Introduction
  • 6.2 Healthcare
  • 6.3 Oil & Gas
  • 6.4 Metallurgy
  • 6.5 Electronics & Semiconductors
  • 6.6 Food & Beverages
  • 6.7 Chemicals & Energy
  • 6.8 Other Applications

7 Global Cryogenic Gases Market, By Geography

  • 7.1 Introduction
  • 7.2 North America
    • 7.2.1 US
    • 7.2.2 Canada
    • 7.2.3 Mexico
  • 7.3 Europe
    • 7.3.1 Germany
    • 7.3.2 UK
    • 7.3.3 Italy
    • 7.3.4 France
    • 7.3.5 Spain
    • 7.3.6 Rest of Europe
  • 7.4 Asia Pacific
    • 7.4.1 Japan
    • 7.4.2 China
    • 7.4.3 India
    • 7.4.4 Australia
    • 7.4.5 New Zealand
    • 7.4.6 South Korea
    • 7.4.7 Rest of Asia Pacific
  • 7.5 South America
    • 7.5.1 Argentina
    • 7.5.2 Brazil
    • 7.5.3 Chile
    • 7.5.4 Rest of South America
  • 7.6 Middle East & Africa
    • 7.6.1 Saudi Arabia
    • 7.6.2 UAE
    • 7.6.3 Qatar
    • 7.6.4 South Africa
    • 7.6.5 Rest of Middle East & Africa

8 Key Developments

  • 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 8.2 Acquisitions & Mergers
  • 8.3 New Product Launch
  • 8.4 Expansions
  • 8.5 Other Key Strategies

9 Company Profiling

  • 9.1 Honeywell International Inc.
  • 9.2 Sumitomo Heavy Industries Ltd
  • 9.3 Cryogas Equipment Private Limited
  • 9.4 Air Products and Chemicals, Inc.
  • 9.5 Cryofab Inc.
  • 9.6 Nikkiso Co Ltd
  • 9.7 Wessington Cryogenics Inc
  • 9.8 Inoxcva Inc
  • 9.9 Chart Industries Inc
  • 9.10 Linde Plc
  • 9.11 Acme Cryogenics Inc.
  • 9.12 Emerson Electric Co.
  • 9.13 S Z Enterprises
  • 9.14 Incryo Systems Pvt. Ltd.
  • 9.15 Air Liquide Inc