Cryogenic Gases Market Size, Share, Trends, Growth Outlook | 2025-2034

The Global Cryogenic Gases Market Size is estimated at $79.5 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 6.9% to reach $145 Billion by 2034.

The global Cryogenic Gases Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Nitrogen, Oxygen, Argon, LNG, Others), By Application (Healthcare, Manufacturing, Metallurgy & Glass, Food & Beverages, Retail, Chemical & Energy, Others).

An Introduction to Cryogenic Gases Market in 2025

The Cryogenic Gases is poised for expansion, fueled by the growing demand for industrial gases like liquid nitrogen, oxygen, and argon across healthcare, electronics, and energy sectors. The rise of medical applications, such as cryopreservation and advanced surgical procedures, drives demand. In the energy sector, the growing use of liquefied natural gas (LNG) also propels market growth. Challenges include high storage and transportation costs, requiring specialized equipment. Market leaders focusing on efficient cryogenic storage solutions and safe handling technologies are likely to dominate the competitive landscape.

Cryogenic Gases Competitive Landscape

The market report analyses the leading companies in the industry including Acall-GAs S.A., Acme Cryogenics Inc, Cryofab Inc, Emerson Electric Co., Honeywell International Inc, INOXCVA Inc, Linde Plc, Nikkiso Co Ltd, Sumitomo Heavy Industries Ltd, Wessington Cryogenics, and others.

Cryogenic Gases Market Dynamics

Cryogenic Gases Market Trend: Increasing Demand for LNG and Cryogenic Energy Storage

The rising adoption of liquefied natural gas (LNG) as a cleaner fuel alternative is driving demand for cryogenic gases. LNG requires advanced cryogenic storage and transportation infrastructure, boosting the need for gases like nitrogen and helium. Additionally, cryogenic energy storage systems, which offer efficient large-scale electricity storage, are gaining traction as renewable energy adoption rises.

Cryogenic Gases Market Driver: Expanding Applications in Healthcare and Electronics

Cryogenic gases play a critical role in the healthcare and electronics industries, driving market growth. Liquid nitrogen is essential for cryopreservation and medical imaging, while helium is vital for cooling MRI machines and semiconductor manufacturing. As these sectors grow, the demand for high-purity cryogenic gases continues to increase.

Cryogenic Gases Market Opportunity: Growth in Space Exploration and Aerospace

The increasing focus on space exploration and aerospace innovation opens new opportunities for the cryogenic gases market. Liquid oxygen and hydrogen are crucial for rocket propulsion, and cryogenic cooling systems are essential for satellite and deep-space missions. Companies investing in specialized cryogenic solutions for the aerospace industry can gain a strategic foothold in this rapidly advancing sector.

Cryogenic Gases Market Share Analysis: Healthcare is expected to generate the highest revenue in 2025.

The Healthcare segment is the largest in the Cryogenic Gases Market, driven by the widespread use of medical gases like liquid oxygen, nitrogen, and helium in various medical applications. Cryogenic gases are essential for respiratory therapies, cryosurgeries, and preserving biological samples, making them indispensable in hospitals, diagnostic centers, and research labs. The increasing demand for advanced medical treatments, growing investments in biotechnology, and rising adoption of cryopreservation techniques further fuel this segment’s dominance. Additionally, the expanding global healthcare infrastructure and rising prevalence of chronic diseases ensure the steady demand for cryogenic gases in this sector.

Cryogenic Gases Market Share Analysis: LNG (Liquefied Natural Gas) is poised to register the fastest growth rate (CAGR) over the forecast period from 2025 to 2034.

The LNG (Liquefied Natural Gas) segment is projected to be the fastest-growing in the Cryogenic Gases Market over the forecast period to 2034, driven by the rising global demand for cleaner and more efficient energy sources. As countries and industries work toward reducing carbon emissions and transitioning away from coal and oil, LNG stands out for its lower environmental impact and high energy efficiency. The expansion of LNG infrastructure, including storage, transport, and regasification facilities, alongside growing investments in LNG-powered transportation and industrial applications, fuels this growth. Additionally, increased adoption of LNG for power generation and heating in developing regions further accelerates its market expansion.

Cryogenic Gases Market Report Scope

Cryogenic Gases Market

Parameter	Details
Market Size (2025)	$79.5 Billion
Market Size (2034)	$145 Billion
Market Growth Rate	6.9%
Segments	By Product (Nitrogen, Oxygen, Argon, LNG, Others), By Application (Healthcare, Manufacturing, Metallurgy & Glass, Food & Beverages, Retail, Chemical & Energy, Others)
Study Period	2019- 2024 and 2025-2034
Units	Revenue (USD)
Qualitative Analysis	Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking
Companies	Acall-GAs S.A., Acme Cryogenics Inc, Cryofab Inc, Emerson Electric Co., Honeywell International Inc, INOXCVA Inc, Linde Plc, Nikkiso Co Ltd, Sumitomo Heavy Industries Ltd, Wessington Cryogenics
Countries	US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa

Cryogenic Gases Market Segmentation

By Product
Nitrogen
Oxygen
Argon
LNG
Others
By Application
Healthcare
Manufacturing
Metallurgy & Glass
Food & Beverages
Retail
Chemical & Energy
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Cryogenic Gases Companies Profiled in the Study

Acall-GAs S.A.
Acme Cryogenics Inc
Cryofab Inc
Emerson Electric Co.
Honeywell International Inc
INOXCVA Inc
Linde Plc
Nikkiso Co Ltd
Sumitomo Heavy Industries Ltd
Wessington Cryogenics
*- List Not Exhaustive

About USD Analytics
Table of Contents
List of Charts and Exhibits
List of Tables

1. Executive Summary
What’s New in 2025?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix

2. Research Scope and Methodology
Market Definition
- Market Segments
- Companies Profiled
Research Methodology
- Bottom-Up Method
- Top-Down Method
- Data Triangulation
Forecast Methodology
- Data Sources
- USDA Proprietary Databases
- External Sources
- Primary Research and Interviews
Conversion Rates for USD
Abbreviations

3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
Market Size ($ Million) and Share (%) by Company, 2024

SWOT Analysis
- Key Market Strengths
- Key Market Weaknesses
- Potential Opportunities
- Potential Threats

Porter’s Five Force Analysis
- Summary
- Bargaining Power of Buyers- Impact Analysis
- Bargaining Power of Suppliers- Impact Analysis
- Threat of new entrants- Impact Analysis
- Intensity of Competitive Rivalry- Impact Analysis

Macro-Environmental Analysis
- Economic forecasts by Country, 2010- 2035
- Population forecasts by Country, 2010- 2035
- Inflation Outlook by Country, 2010-2035
- Impact of Russia-Ukraine Conflict, Sluggish China Growth, US Developments


5. Growth Opportunity Analysis
Trends at a Glance
- What are the most noteworthy trends in the market
- Where should leaders pay attention?
- What industries are likely to be affected by the growth?
Market Dynamics
- Charting a path forward
- Growth Drivers
- Growth Barriers
Key Industry Stakeholders
- Suppliers
- Manufacturers and Service Providers
- Distribution Channels
- End-Users and Applications
- Regulators
- Investors, Traders, and R&D Institutes

Regulatory Landscape

6. Market Size Outlook to 2034
Global Cryogenic Gases Market Size Forecast, USD Million, 2018- 2034
- Historic Market Size, 2018- 2024
- Forecast Market Size, 2024- 2034
Scenario Analysis
- Low Growth Scenario: Definition and Outlook to 2034
- Reference Case: Definition and Outlook to 2034
- High Growth Scenario: Definition and Outlook to 2034
Pricing Analysis and Outlook
- Cryogenic Gases Average Price Forecast, 2021- 2034
- Key Factors Shaping the Pricing Patterns

7. Historical Cryogenic Gases Market Size by Segments, 2018- 2024
Key Statistics, 2024
Cryogenic Gases Market Size Outlook by Type, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Cryogenic Gases Types, 2018- 2024
Cryogenic Gases Market Size Outlook by Application, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Cryogenic Gases Applications, 2018- 2024

8. Cryogenic Gases Market Size Outlook by Segments, 2024- 2034
By Product
Nitrogen
Oxygen
Argon
LNG
Others
By Application
Healthcare
Manufacturing
Metallurgy & Glass
Food & Beverages
Retail
Chemical & Energy
Others

9. Cryogenic Gases Market Size Outlook by Region
North America
Key Market Dynamics
North America Cryogenic Gases Market Size Outlook by Type, USD Million, 2021-2034
North America Cryogenic Gases Market Size Outlook by Application, USD Million, 2021-2034
North America Cryogenic Gases Market Size Outlook by Sales Channel, USD Million, 2021-2034
North America Cryogenic Gases Market Size Outlook by Country, USD Million, 2021-2034

Europe
Key Market Dynamics
Europe Cryogenic Gases Market Size Outlook by Type, USD Million, 2021-2034
Europe Cryogenic Gases Market Size Outlook by Application, USD Million, 2021-2034
Europe Cryogenic Gases Market Size Outlook by Sales Channel, USD Million, 2021-2034
Europe Cryogenic Gases Market Size Outlook by Country, USD Million, 2021-2034

Asia Pacific
Key Market Dynamics
Asia Pacific Cryogenic Gases Market Size Outlook by Type, USD Million, 2021-2034
Asia Pacific Cryogenic Gases Market Size Outlook by Application, USD Million, 2021-2034
Asia Pacific Cryogenic Gases Market Size Outlook by Sales Channel, USD Million, 2021-2034
Asia Pacific Cryogenic Gases Market Size Outlook by Country, USD Million, 2021-2034

South America
Key Market Dynamics
South America Cryogenic Gases Market Size Outlook by Type, USD Million, 2021-2034
South America Cryogenic Gases Market Size Outlook by Application, USD Million, 2021-2034
South America Cryogenic Gases Market Size Outlook by Sales Channel, USD Million, 2021-2034
South America Cryogenic Gases Market Size Outlook by Country, USD Million, 2021-2034

Middle East and Africa
Key Market Dynamics
Middle East and Africa Cryogenic Gases Market Size Outlook by Type, USD Million, 2021-2034
Middle East and Africa Cryogenic Gases Market Size Outlook by Application, USD Million, 2021-2034
Middle East and Africa Cryogenic Gases Market Size Outlook by Sales Channel, USD Million, 2021-2034
Middle East and Africa Cryogenic Gases Market Size Outlook by Country, USD Million, 2021-2034


10. United States Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
United States Cryogenic Gases Market Size Outlook by Type, 2021- 2034
United States Cryogenic Gases Market Size Outlook by Application, 2021- 2034
United States Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

11. Canada Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Canada Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Canada Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Canada Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

12. Mexico Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Mexico Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Mexico Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Mexico Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

13. Germany Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Germany Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Germany Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Germany Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

14. France Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
France Cryogenic Gases Market Size Outlook by Type, 2021- 2034
France Cryogenic Gases Market Size Outlook by Application, 2021- 2034
France Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

15. United Kingdom Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
United Kingdom Cryogenic Gases Market Size Outlook by Type, 2021- 2034
United Kingdom Cryogenic Gases Market Size Outlook by Application, 2021- 2034
United Kingdom Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

16. Spain Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Spain Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Spain Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Spain Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

17. Italy Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Italy Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Italy Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Italy Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

18. Benelux Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Benelux Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Benelux Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Benelux Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

19. Nordic Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Nordic Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Nordic Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Nordic Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

20. Rest of Europe Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Europe Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Rest of Europe Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Rest of Europe Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

21. China Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
China Cryogenic Gases Market Size Outlook by Type, 2021- 2034
China Cryogenic Gases Market Size Outlook by Application, 2021- 2034
China Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

22. India Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
India Cryogenic Gases Market Size Outlook by Type, 2021- 2034
India Cryogenic Gases Market Size Outlook by Application, 2021- 2034
India Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

23. Japan Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Japan Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Japan Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Japan Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

24. South Korea Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
South Korea Cryogenic Gases Market Size Outlook by Type, 2021- 2034
South Korea Cryogenic Gases Market Size Outlook by Application, 2021- 2034
South Korea Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

25. Australia Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Australia Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Australia Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Australia Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

26. South East Asia Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
South East Asia Cryogenic Gases Market Size Outlook by Type, 2021- 2034
South East Asia Cryogenic Gases Market Size Outlook by Application, 2021- 2034
South East Asia Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

27. Rest of Asia Pacific Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Asia Pacific Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Rest of Asia Pacific Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Rest of Asia Pacific Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

28. Brazil Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Brazil Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Brazil Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Brazil Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

29. Argentina Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Argentina Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Argentina Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Argentina Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

30. Rest of South America Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of South America Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Rest of South America Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Rest of South America Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

31. United Arab Emirates Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
United Arab Emirates Cryogenic Gases Market Size Outlook by Type, 2021- 2034
United Arab Emirates Cryogenic Gases Market Size Outlook by Application, 2021- 2034
United Arab Emirates Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

32. Saudi Arabia Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Saudi Arabia Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Saudi Arabia Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Saudi Arabia Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

33. Rest of Middle East Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Middle East Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Rest of Middle East Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Rest of Middle East Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

34. South Africa Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
South Africa Cryogenic Gases Market Size Outlook by Type, 2021- 2034
South Africa Cryogenic Gases Market Size Outlook by Application, 2021- 2034
South Africa Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

35. Rest of Africa Cryogenic Gases Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Africa Cryogenic Gases Market Size Outlook by Type, 2021- 2034
Rest of Africa Cryogenic Gases Market Size Outlook by Application, 2021- 2034
Rest of Africa Cryogenic Gases Market Size Outlook by End-User, 2021- 2034

36. Key Companies
Market Share Analysis
Acall-GAs S.A.
Acme Cryogenics Inc
Cryofab Inc
Emerson Electric Co.
Honeywell International Inc
INOXCVA Inc
Linde Plc
Nikkiso Co Ltd
Sumitomo Heavy Industries Ltd
Wessington Cryogenics
Company Benchmarking
Financial Analysis

37. Recent Market Developments

38. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer

By Product
Nitrogen
Oxygen
Argon
LNG
Others
By Application
Healthcare
Manufacturing
Metallurgy & Glass
Food & Beverages
Retail
Chemical & Energy
Others