Liquefied Atmospheric Gases Market Overview

The global Liquefied Atmospheric Gases market values is projected to reach US$ 31.52 Billion by 2035 from US$ 18.68 Billion in 2025. The market is expected to register a CAGR of 5.1% during 2025–2035. The Global Liquefied Atmospheric Gases Market is driven by the increasing demand for industrial gases in sectors such as healthcare, metallurgy, chemicals, and electronics. Liquefied atmospheric gases primarily include liquid nitrogen, liquid oxygen, liquid argon, and liquid hydrogen, which are derived from air separation processes.

​The Global Liquefied Atmospheric Gases Market Analysis encompasses the production, distribution, and application of gases such as oxygen, nitrogen, argon, and carbon dioxide in their liquefied forms. These gases are integral to various industries, including healthcare, manufacturing, electronics, and food processing. The global liquefied atmospheric gases market forecast is poised for substantial growth, driven by diverse applications across multiple industries and ongoing technological advancements. As demand continues to rise, particularly in the healthcare and food sectors, the market is expected to expand significantly in the coming years. For instance, In February 2024, Air Liquide announced the construction of an industrial-scale ammonia cracking pilot plant in Belgium, aiming to enhance hydrogen production capabilities. In March 2023, Linde Plc increased its liquid hydrogen production capacity at its facility in McIntosh, Alabama, to meet the growing demand for clean energy solutions.

Liquefied Atmospheric Gases Market Drivers and Opportunities

Growing Demand in Healthcare & Medical Applications market is anticipated to lift the Liquefied Atmospheric Gases market growth during the forecast period

​​The Global Liquefied Atmospheric Gases Market is experiencing significant growth, driven notably by escalating demand within the healthcare and medical sectors. Medical-grade gases such as oxygen, nitrogen, and carbon dioxide are indispensable in various medical applications, including respiratory therapies, anesthesia, and surgical procedures. This increasing reliance is substantially propelling market expansion. The global increase in respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and the impacts of COVID-19 has heightened the demand for medical oxygen. Hospitals and clinics worldwide have expanded their oxygen usage to support patient care, thereby boosting the liquefied atmospheric gases market trends. During the COVID-19 pandemic, the surge in severe respiratory cases led to unprecedented demand for medical oxygen. Countries ramped up production and distribution of liquefied oxygen to meet the needs of overwhelmed healthcare systems. This scenario highlighted the critical role of liquefied atmospheric gases in emergency healthcare responses. Innovations in medical procedures and equipment have led to increased utilization of gases like nitrogen and carbon dioxide. For instance, liquid nitrogen is employed in cryosurgery to remove abnormal tissues, while carbon dioxide is used to insufflate cavities during laparoscopic surgeries, enhancing visibility and safety. The shift towards home-based medical treatments has amplified the need for portable oxygen concentrators and cylinders. This trend enables patients with chronic respiratory conditions to receive continuous care outside traditional hospital settings, further driving demand for liquefied gases. Pharmaceutical companies are actively working to reduce the environmental impact of medical devices that utilize atmospheric gases. For instance, GlaxoSmithKline (GSK) plans to update the propellant in its Ventolin inhaler, aiming to reduce its carbon footprint by over 40%, a move that reflects the growing intersection of healthcare demand and environmental considerations.

Rising Adoption of Hydrogen in Clean Energy & Transportation is a vital driver for influencing the growth of the global Liquefied Atmospheric Gases market

​​The global Liquefied Atmospheric Gases Market, which includes liquefied oxygen (LOX), nitrogen (LIN), and argon (LAR), is witnessing significant growth, driven by the increasing adoption of hydrogen as a clean energy source for various applications, particularly in transportation and energy sectors. Hydrogen production, storage, and distribution rely heavily on liquefied atmospheric gases, particularly liquid oxygen and liquid nitrogen, for processes such as electrolysis-based hydrogen production and cryogenic hydrogen liquefaction. With the rapid expansion of the hydrogen economy, demand for these industrial gases is expected to surge. Hydrogen Fuel Cell Vehicles (FCVs) use liquid hydrogen (LH2) as fuel, which requires cryogenic temperatures (-253°C) for storage. Liquefied nitrogen (LIN) is used in hydrogen liquefaction and cooling systems, while liquid oxygen (LOX) is essential for green hydrogen production via electrolysis. For instance, Toyota Mirai and Hyundai Nexo are leading fuel cell electric vehicles (FCEVs), relying on liquid hydrogen for energy. California's Hydrogen Fueling Network has over 60 operational hydrogen stations, with significant reliance on liquefied atmospheric gases for fuel production and cooling. The transition to green hydrogen production (via electrolysis using renewable energy) has significantly increased demand for liquefied oxygen (LOX) and liquefied nitrogen (LIN). Hydrogen-fired gas turbines and fuel cells are emerging as key solutions for decarbonizing power generation. For instance, NEOM Green Hydrogen Project (Saudi Arabia) – A $8.4 billion project set to produce 600 tons of green hydrogen per day by 2026. Germany’s 10 GW Green Hydrogen Plan, the government aims to install 10 GW of electrolysis capacity by 2030, requiring large-scale liquefied oxygen supply. Air Liquide & Linde Hydrogen Plants are major gas companies that ramping up production of liquefied atmospheric gases for hydrogen electrolysis projects.

Technological Advancements in Gas Production & Distribution are poised to create significant opportunities in the global Liquefied Atmospheric Gases market

​The Global Liquefied Atmospheric Gases Market, which includes liquefied oxygen (LOX), nitrogen (LIN), and argon (LAR), is poised for significant growth, driven by technological advancements in gas production and distribution. Innovations in cryogenic distillation, gas separation, liquefaction, and transportation are increasing efficiency, reducing costs, and expanding market applications. The most efficient method of producing liquefied atmospheric gases is cryogenic air separation, where air is cooled to extremely low temperatures to separate oxygen, nitrogen, and argon. Advancements in energy-efficient cryogenic distillation systems, hybrid membrane-cryogenic separation, and pressure swing adsorption (PSA) are reducing operational costs and improving yield. For instance, Air Liquide's Cryocap™ Technology, This CO₂ capture technology, integrated into cryogenic air separation units (ASUs), enhances oxygen production efficiency while capturing CO₂ for industrial use. Used in Air Liquide’s hydrogen production plants, Cryocap™ is helping decarbonize industrial operations. Linde has developed next-generation air separation units (ASUs) with 30% lower energy consumption, making liquefied oxygen (LOX) and nitrogen (LIN) production more cost-effective. In 2023, Linde announced the construction of one of the world's largest ASUs in Texas, enhancing supply to the healthcare and semiconductor sectors. Cryogenic storage tanks, vacuum-insulated pipelines, and mobile cryogenic tankers have improved long-distance transportation and storage stability of liquefied gases. Innovations in on-site gas generation and miniaturized liquefaction units are making supply chains more flexible. Chart Industries has developed next-gen cryogenic tanks with AI-driven monitoring, enabling real-time tracking of liquefied gas levels and purity. The integration of AI and IoT in air separation units (ASUs), liquefaction plants, and distribution networks is improving operational efficiency. Predictive maintenance, real-time monitoring, and automated gas distribution networks are reducing downtime and enhancing safety.

Liquefied Atmospheric Gases Market Scope

Liquefied Atmospheric Gases Market Report Segmentation Analysis

The Global Liquefied Atmospheric Gases Market industry analysis is segmented into by Gas Type, by Distribution Mode, by Application and by Region.

The Oxygen (O₂) segment is anticipated to hold the highest share of the global Liquefied Atmospheric Gases market during the projected timeframe.

By Gas Type, the Liquefied Atmospheric Gases market is segmented into Nitrogen (N₂), Oxygen (O₂), Argon (Ar) and Others. Oxygen (O₂) segment dominates the global Liquefied Atmospheric Gases market share expected to hold around 45% in 2025. Oxygen's predominant share is largely due to its critical role in medical applications, including respiratory therapies and surgical procedures. The increasing prevalence of respiratory conditions and the expansion of healthcare services globally have amplified its consumption. Beyond healthcare, oxygen is extensively used in industries such as steel manufacturing, chemical processing, and wastewater treatment, further bolstering its market dominance.

The Bulk & Cylinder Supply segment is anticipated to hold the highest share of the market over the forecast period.

On the basis of Distribution Mode, the market is bifurcated into Bulk & Cylinder Supply, Pipeline Supply and On-site Production. Bulk & Cylinder Supply mode involves transporting liquefied gases in bulk containers or cylinders to customers. Bulk & Cylinder Supply suitable for a wide range of industries, including healthcare, manufacturing, and food and beverage, accommodating varying consumption levels. Bulk & Cylinder Supply provides flexibility for customers without the infrastructure for on-site production or pipeline access, making it a preferred choice for small to medium-scale operations. However, Pipeline Supply mode, gases are delivered directly to large-scale industrial users via dedicated pipeline networks.

The Metallurgy & Manufacturing segment dominated the market in 2024 and is predicted to grow at the highest CAGR over the forecast period.

In terms of Application, the Liquefied Atmospheric Gases market is segmented into Metallurgy & Manufacturing, Healthcare & Pharmaceuticals, Electronics & Semiconductor, Food & Beverage, Chemicals & Petrochemicals, Energy & Power, Automotive & Aerospace, Environmental & Waste Management and Others. Metallurgy & Manufacturing, utilizes oxygen for steelmaking and metal cutting, nitrogen for inert atmospheres in metal processing, and argon in welding and casting. The extensive use of these gases in metal production and fabrication suggests this sector holds a substantial portion of the market. Metallurgy & Manufacturing and Healthcare & Pharmaceuticals emerge as leading consumers, driven by essential processes and applications that rely heavily on these gases.

The following segments are part of an in-depth analysis of the global Liquefied Atmospheric Gases market:

Liquefied Atmospheric Gases Market Share Analysis by Region

Asia Pacific is projected to hold the largest share of the global Liquefied Atmospheric Gases market over the forecast period.

In 2024, Asia Pacific dominated the Liquefied Atmospheric Gases market, accounting for approximately 42% of the global share, driven by rapid industrialization, expanding healthcare infrastructure, and technological advancements across various countries in the region. China is a dominant player in the Asia Pacific liquefied atmospheric gases market, primarily due to its extensive industrial base and continuous infrastructure development. The country's robust manufacturing and steel production sectors heavily rely on gases like oxygen and nitrogen. ​ Significant investments in healthcare have increased the demand for medical-grade gases. India is emerging as a significant market for liquefied atmospheric gases, propelled by industrialization and urbanization. Initiatives like 'Make in India' have boosted manufacturing activities, increasing the consumption of industrial gases. The growing healthcare sector requires a steady supply of medical gases, especially oxygen. Japan maintains a stable demand for liquefied atmospheric gases, supported by its advanced technological and industrial sectors. The country's leading position in electronics manufacturing drives the need for high-purity gases. Further, Japan's automotive sector utilizes these gases in various manufacturing processes. However, South Korea exhibits a growing market for atmospheric gases, aligned with its industrial advancements. The prominence of shipbuilding and electronics industries contributes to the demand for industrial gases. Additionally, North America holds a significant share in the global liquefied atmospheric gases market. The region's well-developed industrial sectors, including healthcare, electronics, and food processing, drive substantial demand for these gases.

Liquefied Atmospheric Gases Market Competition Landscape Analysis

​The global liquefied atmospheric gases market share is characterized by a competitive landscape with several key players. These companies leverage extensive product portfolios, robust distribution networks, and continuous investments in research and development to maintain and enhance their market positions.

Global Liquefied Atmospheric Gases Market Recent Developments News:

Woodside Energy's Acquisition of Tellurian: In October 2024, Woodside Energy finalized the acquisition of U.S. liquefied natural gas developer Tellurian for $1.2 billion, including debt. This purchase includes Tellurian's Gulf Coast LNG export project, renamed Woodside Louisiana LNG, with a capacity of 27.6 million tonnes per annum.

YPF and Shell's LNG Project in Argentina: In December 2024, Argentina's state-run oil company YPF and Shell signed an agreement to develop a major liquefied natural gas (LNG) project in Argentina, marking a $50 billion investment aimed at exporting gas globally. The first phase aims to produce 10 million metric tons of LNG annually.

Venture Global's Plaquemines LNG Facility: In December 2024, Venture Global commenced production at its second liquefied natural gas (LNG) plant, the Plaquemines facility in Louisiana, following key regulatory approvals. This facility, producing 20 million tonnes of LNG annually, significantly increases the U.S.'s LNG output capacity.  

The Global Liquefied Atmospheric Gases Market is dominated by a few large companies, such as

·         Linde plc

·         Air Liquide

·         Air Products & Chemicals, Inc.

·         Messer Group

·         Taiyo Nippon Sanso Corporation

·         Gulf Cryo

·         SIAD Group

·         Iwatani Corporation

·         SOL Group

·         nexAir LLC

·         The India Glycols Limited (IGL)

·         Ellenbarrie Industrial Gases Ltd.

·         Cryogenic Gases

·         Others                                                                                       

1.      Global Liquefied Atmospheric Gases Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Liquefied Atmospheric Gases Market Scope and Market Estimation

1.2.1. Global Liquefied Atmospheric Gases Overall Market Size (US$ Bn), Market CAGR (%), Market forecast (2025 - 2035)

1.2.2. Global Liquefied Atmospheric Gases Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2021 - 2035

1.3.    Market Segmentation

1.3.1. Gas Type of Global Liquefied Atmospheric Gases Market

1.3.2. Distribution Mode of Global Liquefied Atmospheric Gases Market

1.3.3. Application of Global Liquefied Atmospheric Gases Market

1.3.4. Region of Global Liquefied Atmospheric Gases Market

2.      Executive Summary

2.1.    Demand Side Trends

2.2.    Key Market Trends

2.3.    Market Demand (US$ Bn) Analysis 2021 – 2024 and Forecast, 2025 – 2035

2.4.    Demand and Opportunity Assessment

2.5.    Demand Supply Scenario

2.6.    Market Dynamics

2.6.1. Drivers

2.6.2. Limitations

2.6.3. Opportunities

2.6.4. Impact Analysis of Drivers and Restraints

2.7.    Pricing Trends Analysis

2.8.    Overview of Technology Developments

2.9.    Porter’s Five Forces Analysis

2.9.1. Bargaining Power of Suppliers

2.9.2. Bargaining Power of Buyers

2.9.3. Threat of Substitutes

2.9.4. Threat of New Entrants

2.9.5. Competitive Rivalry

2.10.  PEST Analysis

2.10.1.   Political Factors

2.10.2.   Economic Factors

2.10.3.   Social Factors

2.10.4.   Technology Factors

2.11.  Value Chain / Ecosystem Analysis

2.12.  Key Regulation

3.      Global Liquefied Atmospheric Gases Market Estimates & Historical Trend Analysis (2021 - 2024)

4.      Global Liquefied Atmospheric Gases Market Estimates & Forecast Trend Analysis, by Gas Type

4.1.    Global Liquefied Atmospheric Gases Market Revenue (US$ Bn) Estimates and Forecasts, by Gas Type, 2021 - 2035

4.1.1. Nitrogen (N₂)

4.1.2. Oxygen (O₂)

4.1.3. Argon (Ar)

4.1.4. Others

5.      Global Liquefied Atmospheric Gases Market Estimates & Forecast Trend Analysis, by Distribution Mode

5.1.    Global Liquefied Atmospheric Gases Market Revenue (US$ Bn) Estimates and Forecasts, by Distribution Mode, 2021 - 2035

5.1.1. Bulk & Cylinder Supply

5.1.2. Pipeline Supply

5.1.3. On-site Production

6.      Global Liquefied Atmospheric Gases Market Estimates & Forecast Trend Analysis, by Application

6.1.    Global Liquefied Atmospheric Gases Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2021 - 2035

6.1.1. Metallurgy & Manufacturing

6.1.2. Healthcare & Pharmaceuticals

6.1.3. Electronics & Semiconductor

6.1.4. Food & Beverage

6.1.5. Chemicals & Petrochemicals

6.1.6. Energy & Power

6.1.7. Automotive & Aerospace

6.1.8. Environmental & Waste Management

6.1.9. Others

7.      Global Liquefied Atmospheric Gases Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Liquefied Atmospheric Gases Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2021 - 2035

7.1.1. North America

7.1.2. Eastern Europe

7.1.3. Western Europe

7.1.4. Asia Pacific

7.1.5. Middle East & Africa

7.1.6. Latin America

8.      North America Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

8.1.    North America Liquefied Atmospheric Gases Market Assessments & Key Findings

8.1.1. North America Liquefied Atmospheric Gases Market Introduction

8.1.2. North America Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

8.1.2.1.   By Gas Type

8.1.2.2.   By Distribution Mode

8.1.2.3.   By Application

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Western Europe Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

9.1.    Western Europe Liquefied Atmospheric Gases Market Assessments & Key Findings

9.1.1. Western Europe Liquefied Atmospheric Gases Market Introduction

9.1.2. Western Europe Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

9.1.2.1.   By Gas Type

9.1.2.2.   By Distribution Mode

9.1.2.3.   By Application

9.1.2.4.        By Country

9.1.2.4.1.      Germany

9.1.2.4.2.      Italy

9.1.2.4.3.      U.K.

9.1.2.4.4.      France

9.1.2.4.5.      Spain

9.1.2.4.6.      Benelux

9.1.2.4.7.      Nordics

9.1.2.4.8.     Rest of W. Europe

10.  Eastern Europe Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

10.1.  Eastern Europe Liquefied Atmospheric Gases Market Assessments & Key Findings

10.1.1.   Eastern Europe Liquefied Atmospheric Gases Market Introduction

10.1.2.   Eastern Europe Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

10.1.2.1.    By Gas Type

10.1.2.2.    By Distribution Mode

10.1.2.3.    By Application

10.1.2.4.    By Country

10.1.2.4.1.  Russia

10.1.2.4.2.  Hungary

10.1.2.4.3.  Poland

10.1.2.4.4.  Balkan & Baltics

10.1.2.4.5. Rest of E. Europe

11.  Asia Pacific Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

11.1.  Asia Pacific Market Assessments & Key Findings

11.1.1.   Asia Pacific Liquefied Atmospheric Gases Market Introduction

11.1.2.   Asia Pacific Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

11.1.2.1.    By Gas Type

11.1.2.2.    By Distribution Mode

11.1.2.3.    By Application

11.1.2.4.    By Country

11.1.2.4.1. China

11.1.2.4.2. Japan

11.1.2.4.3. India

11.1.2.4.4. Australia & New Zealand

11.1.2.4.5. South Korea

11.1.2.4.6. ASEAN

11.1.2.4.7. Rest of Asia Pacific

12.  Middle East & Africa Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

12.1.  Middle East & Africa Market Assessments & Key Findings

12.1.1.   Middle East & Africa Liquefied Atmospheric Gases Market Introduction

12.1.2.   Middle East & Africa Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

12.1.2.1.    By Gas Type

12.1.2.2.    By Distribution Mode

12.1.2.3.    By Application

12.1.2.4.    By Country

12.1.2.4.1. UAE

12.1.2.4.2. Saudi Arabia

12.1.2.4.3. Turkey

12.1.2.4.4. South Africa

12.1.2.4.5. Rest of MEA

13.  Latin America Liquefied Atmospheric Gases Market: Estimates & Forecast Trend Analysis

13.1.  Latin America Market Assessments & Key Findings

13.1.1.   Latin America Liquefied Atmospheric Gases Market Introduction

13.1.2.   Latin America Liquefied Atmospheric Gases Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

13.1.2.1.    By Gas Type

13.1.2.2.    By Distribution Mode

13.1.2.3.    By Application

13.1.2.4.    By Country

13.1.2.4.1. Brazil

13.1.2.4.2. Argentina

13.1.2.4.3. Colombia

13.1.2.4.4. Rest of LATAM

14.  Country Wise Market: Introduction

15.  Competition Landscape

15.1.  Global Liquefied Atmospheric Gases Market Product Mapping

15.2.  Global Liquefied Atmospheric Gases Market Concentration Analysis, by Leading Players / Innovators / Emerging Players / New Entrants

15.3.  Global Liquefied Atmospheric Gases Market Tier Structure Analysis

15.4.  Global Liquefied Atmospheric Gases Market Concentration & Company Market Shares (%) Analysis, 2023

16.  Company Profiles

16.1.      Linde plc

16.1.1.   Company Overview & Key Stats

16.1.2.   Financial Performance & KPIs

16.1.3.   Product Portfolio

16.1.4.   SWOT Analysis

16.1.5.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

16.2.      Air Liquide

16.3.      Air Products & Chemicals, Inc.

16.4.      Messer Group

16.5.      Taiyo Nippon Sanso Corporation

16.6.      Gulf Cryo

16.7.      SIAD Group

16.8.      Iwatani Corporation

16.9.      SOL Group

16.10.  nexAir LLC

16.11.  The India Glycols Limited (IGL)

16.12.  Ellenbarrie Industrial Gases Ltd.

16.13.  Cryogenic Gases

16.14.  Others

17.  Research Methodology

17.1.  External Transportations / Databases

17.2.  Internal Proprietary Database

17.3.  Primary Research

17.4.  Secondary Research

17.5.  Assumptions

17.6.  Limitations

17.7.  Report FAQs

18.  Research Findings & Conclusion