A major factor contributing to the growth of the market is the rising demand for industrial oxygen across various applications. This essential gas plays a vital role in numerous industries, including healthcare, manufacturing, and environmental sectors. The increasing use of industrial oxygen is driven by technological advancements, the expansion of industrial activities, and the growing need for oxygen in medical treatments and environmental solutions.
In healthcare, the rising number of patients requiring respiratory support, particularly due to the aging population and increasing prevalence of chronic respiratory diseases, has significantly boosted the demand for medical oxygen. Switzerland's aging demographic, with a large proportion of the population over the age of 65, is a significant factor in this demand. Medical oxygen is essential in treating conditions like chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory infections. In manufacturing and industrial processes, oxygen is an essential component in various applications such as steel production, chemical manufacturing, welding, and metal cutting. The use of oxygen in these processes enhances efficiency, improves product quality, and reduces the environmental impact of industrial activities. Switzerland's advanced manufacturing industry, particularly in sectors like automotive, aerospace, and electronics, is increasingly reliant on industrial gases like oxygen for precision processes. As industries push for higher productivity, more sustainable practices, and reduced operational costs, the demand for industrial oxygen is expected to rise in these high-precision applications.
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Data Bridge Market Research analyzes that the Switzerland Industrial Gases Market is expected to reach USD 489.34 million by 2032 from USD 381.37 million in 2024, growing with a substantial CAGR of 3.3% in the forecast period of 2025 to 2032.
Key Findings of the Study
Expanding Use of Industrial Gases in the Oil and Gas Industry
A key driver for the growth of the market is the expanding use of industrial gases in the oil and gas industry. Gases such as oxygen, nitrogen, carbon dioxide, and hydrogen are essential in a variety of processes within the sector, including exploration, production, refining, and environmental management. As the oil and gas industry continues to prioritize efficiency, sustainability, and safety, the demand for these industrial gases in Switzerland is steadily increasing.
Industrial gases play a crucial role in the Swiss oil and gas sector, particularly in enhanced oil recovery (EOR), refining, safety, and cleaner energy initiatives. CO2 and nitrogen are injected into oil reservoirs to boost extraction rates and extend the life of mature fields, increasing demand for these gases in EOR operations. In refining, oxygen is used to improve combustion efficiency, optimize fuel quality, and reduce emissions, aligning with Switzerland's environmental standards. Nitrogen is essential for safety measures such as purging and inserting, as well as maintaining pressure in drilling operations. Additionally, hydrogen is increasingly used for cleaner fuel production through hydrogenation and is a key component in the development of green hydrogen, supporting Switzerland’s goals for energy transition and carbon reduction.
Additionally, the carbon capture, utilization, and storage (CCUS) technologies, which rely on the injection of CO2 into underground formations, are also becoming more prominent in the oil and gas sector. Switzerland, known for its environmental consciousness and innovation in sustainable practices, is witnessing a rise in the adoption of CCUS technologies as a method to reduce carbon emissions. As part of the global push toward carbon neutrality, industrial gases are integral to capturing and safely storing CO2 emissions from oil and gas operations, positioning Switzerland as a key player in environmental responsibility.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2025 to 2032
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Base Year
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2024
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Historic Years
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2023 (Customizable to 2013 - 2017)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product (oxygen, nitrogen, hydrogen, argon acetylene, carbon dioxide, carbon monoxide, helium, and others), Area of Usages (Cryogenic, Air Separation, Cutting and Welding, Syngas Handling, Coolant, Carbonation, Packaging, and Others), Application (Manufacturing, Healthcare, Energy, Construction, Aerospace and Defense, Oil and Gas, Water Treatment, and Others)
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Market Players Covered
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Linde PLC (Ireland), Messer Group (Germany), Air Liquide (France), SOL Group (Italy), and BASF (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Segment Analysis
The Switzerland industrial gases market is segmented into three notable segments based on product, area of usages, and application.
- On the basis of product, the market is segmented into oxygen, nitrogen, hydrogen, argon, acetylene, carbon dioxide, carbon monoxide, and helium, and others
In 2025, the oxygen segment is expected to dominate the Switzerland industrial gases market
In 2025, the oxygen segment is expected to dominate the market with market share of 30.25%, due to its critical role in various applications, including healthcare, manufacturing, and environmental sectors, as well as its increasing demand for medical treatments, industrial processes, and energy production.
- On the basis of area of usages, the market is segmented into cryogenic, air separation, cutting and welding, syngas handling, coolant, carbonation, packaging, and others
In 2025, the cryogenic segment is expected to dominate the Switzerland industrial gases market
In 2025, the cryogenic segment is expected to dominate the market with market share of 32.62%, due to growing investments in manufacturing and process industries
- On the basis of application, the market is segmented into manufacturing, healthcare, energy, construction, aerospace and defense, oil and gas, water treatment, and others. In 2025, the manufacturing segment is expected to dominate the market with market share of 29.49%
Major Players
Data Bridge Market Research analyzes that Linde PLC (Ireland), Messer Group (Germany), Air Liquide (France), SOL Group (Italy), BASF (Germany) as major market players in this market.
Market Developments
- In June, Messer SE & CO. KGaA is expanding its industrial gas production capacity in Spain to meet rising demand. The new facilities will enhance the company’s ability to supply a variety of gases, including oxygen, nitrogen, and argon, to industries such as healthcare, food processing, and manufacturing. This expansion supports Messer's commitment to improving supply reliability across Europe
- In November, Messer SE & CO. KGaA has completed the acquisition of its joint venture, Messer Industries, and now GIC is its new strategic partner. This move strengthens Messer’s position in the industrial gases sector, enhancing its capabilities in supply and services. The acquisition reflects Messer's continued expansion and commitment to improving its global market presence
- In July, Messer SE & CO. KGaA focuses on leveraging the potential of industrial gases to create sustainable ecosystems and drive future advancements. The company is committed to using its expertise in gases to contribute to environmental sustainability and future generations' needs, aiming to shape industries and communities in a responsible manner
- In September, Messer SE & CO. KGaA has opened an on-site plant at Steklarna Hrastnik, a glass manufacturer in Slovenia, to supply industrial gases and support the company's operations. This move aims to enhance supply reliability and sustainability for the glass production process
As per Data Bridge Market Research analysis:
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