Welcome to the first of our 2025 Monthly Bulletins, brought to you by gasworld’s Business Intelligence team. This month, we’re providing insights into the industrial gases sector’s outlook for 2025.
In recent years, the industrial gases market has navigated significant volatility. After peaking at $94.8bn in 2022, driven primarily by energy price spikes that elevated gas prices across the board, the market contracted slightly in 2023 due to easing energy costs and continued reduced demand for medical oxygen post-pandemic. Growth stabilised in 2024, reflecting a more balanced economic environment, and at the start of 2025, we see it poised for decent growth.
This month’s analysis draws on data and insights from our Country Dashboards Platform – a powerful tool for understanding market dynamics and trends across the global industrial gases market. Find out more about accessing this platform and gaining valuable insights here.
January Bulletin: 2025 outlook for the industrial gases business
