Rare Gases

Rare Gases Market Outlook

The global rare gases market is projected to reach USD 5.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033. The increasing demand for rare gases in various industrial applications and technological advancements in electronics and healthcare are driving this growth. Additionally, the growing trend toward renewable energy sources and the expansion of the electronics sector, particularly in emerging economies, are expected to boost the market. Furthermore, the rising awareness about the benefits of using rare gases in specialized applications, such as lighting and welding, is also contributing to the market's expansion. As industries increasingly seek to enhance product performance while reducing environmental impact, the rare gases market is set to thrive.

Growth Factor of the Market

One of the primary growth factors for the rare gases market is the increasing adoption of these gases in the electronics industry. Rare gases, including argon and neon, are vital in the production of semiconductors and other electronic components, which have seen a surge in demand due to the global digital transformation. Additionally, the healthcare sector is increasingly utilizing rare gases in various applications such as medical imaging and therapeutic procedures, further enhancing market demand. The expansion of the automotive industry, particularly in the production of specialized lighting systems and welding applications, is also a significant contributor to the market growth. Moreover, advancements in gas extraction and purification technologies are improving the availability and cost-effectiveness of rare gases, which is likely to boost their consumption across various sectors. Lastly, environmental regulations aimed at reducing greenhouse gas emissions are driving the shift towards cleaner energy sources, where rare gases play a crucial role.

Key Highlights of the Market

• Expected global market size of USD 5.4 billion by 2033 with a CAGR of 5.7%.
• Significant growth driven by demand in electronics, healthcare, and automotive sectors.
• Advancements in extraction and purification technologies enhancing supply availability.
• Growing focus on renewable energy sources influencing rare gases consumption.
• Increased application in specialized areas such as medical imaging and welding.

By Product Type

Helium:

Helium has established itself as one of the most vital rare gases due to its unique properties, such as being non-toxic, inert, and having the lowest boiling point of all elements. The demand for helium is primarily driven by its use in cryogenics, particularly in MRI machines and other medical equipment. Additionally, helium is essential in the production of semiconductors, where it is utilized for creating a controlled atmosphere during manufacturing processes. The growing technological advancements in healthcare imaging and electronics are likely to propel the growth of the helium segment within the rare gases market. Furthermore, the increasing use of helium in research applications, including particle physics and space exploration, adds to its market significance. However, global helium supply is facing challenges due to limited natural sources, leading to price volatility, which could impact its market stability in the long term.

Neon:

Neon gas, known for its distinct reddish-orange glow when ionized, is primarily used in lighting applications, particularly in neon signs, and various types of high-voltage discharge tubes. The segment has seen a resurgence in demand due to the revival of neon signage in urban areas, as businesses look to attract customers with visually striking displays. Moreover, neon is integral in the production of lasers and high-performance lighting systems, further enhancing its appeal in the electronics and entertainment industries. The growing interest in retro-themed visual displays and artistic installations is also expected to drive the neon segment's growth. However, like other rare gases, neon supply is impacted by the availability of natural reserves, which could hinder growth if not adequately addressed in the coming years.

Argon:

Argon is one of the most widely used rare gases, primarily due to its inert properties, which make it ideal for applications requiring a non-reactive environment. It is extensively utilized in welding processes, particularly in MIG and TIG welding, where it protects the weld area from atmospheric contamination. The increasing demand for high-quality welding in construction and manufacturing sectors is expected to drive the argon segment's growth significantly. Furthermore, argon is also applied in the production of incandescent and fluorescent lights, as well as in the creation of certain types of glass, where it helps improve energy efficiency. The segment is anticipated to benefit from ongoing investments in infrastructure and construction projects worldwide, which will further bolster the demand for argon. Additionally, the growing trend of utilizing argon in the food and beverage industry for packaging and storage adds another layer of growth potential for this segment.

Krypton:

Krypton is less commonly used than helium or argon but still holds significance in the rare gases market due to its applications in niche areas. Krypton is primarily utilized in high-performance lighting systems, such as certain types of photographic flashes and specialized fluorescent lamps. The unique properties of krypton, including its ability to produce light with higher efficiency than standard incandescent bulbs, make it a preferred choice for energy-efficient lighting solutions. Furthermore, krypton is employed in the production of double-glazed windows, where it serves as an insulating gas due to its low thermal conductivity. The increasing focus on energy efficiency and sustainable building practices is expected to boost the krypton segment as more consumers and businesses seek to reduce their carbon footprint. However, the limited natural abundance of krypton may pose challenges for its long-term scalability in comparison to more abundant rare gases.

Xenon:

Xenon is a rare gas with a range of applications across various industries, particularly in lighting and healthcare. In the lighting sector, xenon is used in high-intensity discharge lamps and automobile headlights due to its ability to produce bright and efficient light. This segment has seen growth as automotive trends shift towards energy-efficient and high-performance lighting systems. In healthcare, xenon is gaining traction as an anesthetic agent and in imaging technologies, particularly in CT scans, owing to its inert and non-toxic properties. The expanding demand for xenon in medical applications is expected to fuel market growth. Furthermore, emerging applications in the field of space exploration, where xenon is used as a propellant in ion thrusters, could create additional opportunities for the xenon segment. However, similar to krypton, the limited availability of xenon could pose challenges to its wider adoption.

By Application

Electronics:

The electronics sector is one of the leading application areas for rare gases, particularly argon and helium. These gases are integral in the manufacturing process of semiconductors and integrated circuits, where they provide a controlled atmosphere that prevents contamination during production. The ongoing growth of the electronics industry, driven by advancements in consumer electronics, artificial intelligence, and the Internet of Things (IoT), is expected to propel the demand for rare gases in this sector significantly. Additionally, the increasing complexity and miniaturization of electronic components necessitate the use of high-quality rare gases to ensure optimal performance and reliability. As new technologies emerge, such as flexible and wearable electronics, the demand for rare gases in electronics applications is likely to continue to grow, contributing to the overall expansion of the market.

Lighting:

The lighting application segment represents a significant portion of the rare gases market, with neon and xenon being the primary gases used. Neon gas is widely recognized for its application in neon signage and decorative lighting, which has seen a resurgence in popularity due to its distinctive visual appeal. As businesses increasingly seek innovative ways to attract customers, the demand for neon lighting solutions is expected to rise. On the other hand, xenon's applications in high-intensity discharge lamps and automotive lighting systems contribute to its significance in the market. The shift towards energy-efficient lighting solutions, such as LED technology, is also creating a favorable environment for rare gases as they are integrated into hybrid lighting systems. Overall, the growth of the lighting application segment is anticipated to continue as aesthetic and functional lighting needs evolve.

Welding:

The welding application segment has a substantial share in the rare gases market, primarily due to the widespread use of argon as a shielding gas in various welding processes, such as MIG and TIG welding. The increasing demand for high-quality welding in industries such as construction, automotive, and manufacturing is driving the growth of this segment. Argon's inert properties play a crucial role in preventing oxidation and contamination during welding, resulting in superior weld quality. As infrastructure development projects ramp up globally, coupled with advancements in welding technology, the demand for rare gases in welding applications is expected to grow. Additionally, the trend toward automation in welding processes may further enhance the efficiency and effectiveness of rare gases, making them indispensable in modern welding operations.

Healthcare:

The healthcare application of rare gases is gaining momentum, particularly with the increasing utilization of helium and xenon in various medical procedures. Helium is extensively used in MRI machines due to its cryogenic properties, which enable high-resolution imaging. The growing prevalence of chronic diseases and the need for advanced diagnostic tools are propelling the demand for helium in the healthcare sector. In addition, xenon is being explored as an anesthetic agent, as well as in imaging technologies, further increasing its relevance in healthcare applications. The expansion of healthcare infrastructure and technological advancements in medical imaging are likely to drive the growth of rare gases in this field. As the healthcare sector continues to innovate and evolve, the significance of rare gases is expected to increase, presenting ample opportunities for market growth.

Others:

The "others" category encompasses a variety of applications for rare gases beyond the primary sectors mentioned earlier. This includes applications in the aerospace industry, where rare gases are utilized in spacecraft propulsion systems, particularly xenon in ion thrusters. Additionally, rare gases find their way into niche applications such as high-energy physics experiments, lighting for photography, and certain chemical processes in laboratories. The versatility of rare gases allows them to be integrated into a range of specialized applications, contributing to their overall market growth. As industries continue to innovate and explore new uses for rare gases, this segment is expected to show promising growth trends, diversifying the rare gases market further.

By Distribution Channel

Industrial Gas Companies:

Industrial gas companies play a critical role in the supply chain of rare gases, providing a reliable source for various industries. These companies are equipped with the necessary infrastructure to extract, purify, and distribute rare gases, ensuring a consistent supply for applications ranging from electronics to healthcare. The strategic partnerships formed between industrial gas companies and end-users help facilitate the efficient distribution of rare gases, which is crucial for maintaining operational continuity in industries reliant on these gases. As the demand for rare gases continues to rise, industrial gas companies are positioned to capitalize on this growth by expanding their production capabilities and exploring new markets. Their expertise in logistics and distribution also enables them to serve a wide range of customers efficiently, making them a cornerstone of the rare gases market.

Specialty Gas Suppliers:

Specialty gas suppliers focus on providing rare gases in high-purity forms for specialized applications across various industries. These suppliers cater to niche segments, including research laboratories, aerospace, and healthcare, where the quality and purity of gases are paramount. As industries increasingly demand customized gas mixtures for specific applications, specialty gas suppliers are adapting to meet these needs by offering tailored solutions. The growth of research and development activities in different sectors is driving the demand for specialty gases, further bolstering the market. Additionally, specialty gas suppliers often invest in advanced technologies to improve gas handling and delivery systems, enhancing customer satisfaction and loyalty. The role of specialty gas suppliers is vital in maintaining the quality and availability of rare gases, ensuring that industries can achieve their operational goals.

Online Retailers:

The rise of e-commerce has transformed the distribution landscape for rare gases, with online retailers emerging as a viable channel for customers seeking convenience and accessibility. Online platforms enable end-users to purchase rare gases with ease, often providing competitive pricing and various delivery options. This trend is especially beneficial for small businesses and research institutions that may require smaller quantities of rare gases but face challenges in sourcing them through traditional distribution channels. Online retailers often collaborate with industrial gas companies and specialty suppliers to ensure product availability and quality. As consumers increasingly favor online shopping, the share of online retailers in the rare gases market is anticipated to grow. The digitalization of the market provides an opportunity for retailers to enhance customer engagement through targeted marketing and educational resources about rare gases and their applications.

Chemical Suppliers:

Chemical suppliers serve as an important distribution channel for rare gases, particularly in industries where these gases are utilized as raw materials in chemical processes. These suppliers often have established relationships with manufacturing companies and offer a diverse range of chemical products, including rare gases. The demand for rare gases in chemical applications, such as in the production of specialty chemicals and advanced materials, is contributing to the growth of this distribution channel. Additionally, chemical suppliers are often involved in the development of new products and formulations that incorporate rare gases, further expanding their role in the market. The integration of rare gases into broader chemical supply chains allows for efficient sourcing and distribution, ensuring that industrial customers have access to the necessary gases for their production processes.

Others:

The "others" category for distribution channels encompasses various alternative methods through which rare gases are supplied to end-users. This may include direct sales from manufacturers to large-scale users or emerging distribution methods like joint ventures and collaborations between suppliers and industrial sectors. These channels often cater to specific needs of customers in specialized applications, providing flexibility and personalized service to enhance customer satisfaction. Additionally, some companies may utilize contract manufacturing agreements to ensure a dedicated supply of rare gases for particular projects. The diverse distribution landscape allows for enhanced access to rare gases across different market segments, further supporting the overall growth of the rare gases market.

By Region

The regional analysis of the rare gases market reveals varying growth dynamics across different geographical areas, largely influenced by industrial development and technological advancements. North America holds a significant share of the global rare gases market, primarily driven by the booming electronics industry and increasing demand for healthcare applications of rare gases. The North American market is expected to grow at a CAGR of 6.2% during the forecast period, fueled by continued investments in research and development and the presence of established industrial gas companies. Meanwhile, Europe also represents a substantial portion of the market, with the focus on renewable energy solutions and advanced manufacturing processes driving the demand for rare gases. The emphasis on sustainability and energy efficiency in the European Union is expected to enhance the growth of the rare gases sector, as industries seek clean and efficient solutions.

In the Asia Pacific region, rapid industrialization and urbanization are playing a pivotal role in shaping the rare gases market. Countries such as China and India are witnessing exponential growth in the electronics and automotive sectors, accelerating the demand for rare gases in these industries. The Asia Pacific market is anticipated to grow at the highest rate during the forecast period due to the increasing adoption of advanced technologies and rising investments in infrastructure development. Latin America and the Middle East & Africa are also emerging markets for rare gases, albeit at a slower pace, as they focus on developing their industrial bases and enhancing supply chains. Overall, while North America and Europe continue to dominate the rare gases market, the Asia Pacific region is expected to present the most significant growth opportunities in the coming years.

Opportunities

The rare gases market is poised for substantial growth, with numerous opportunities emerging across various sectors. One of the most significant opportunities lies in the expanding applications of rare gases in renewable energy technologies. As industries shift towards cleaner energy solutions, rare gases such as xenon and helium are finding applications in solar panels and efficient lighting systems. The increasing demand for energy-efficient products presents an avenue for manufacturers of rare gases to innovate and deliver solutions that align with sustainability goals. Additionally, advancements in extraction and purification technologies are improving the availability and cost-effectiveness of rare gases, enabling their wider adoption in multiple industries. Emerging economies are expected to drive further demand, as they ramp up infrastructure projects and industrial activities, creating a favorable environment for the growth of the rare gases market.

Moreover, the healthcare sector's ongoing advancements present additional opportunities for the rare gases market. With the rising prevalence of chronic diseases, there is an increasing need for sophisticated medical imaging and diagnostic tools, where rare gases such as helium play a crucial role in MRI machines. The demand for advanced medical treatments, including the use of anesthetic gases like xenon, underscores the importance of rare gases in healthcare applications. As the global population ages and healthcare systems evolve, the need for high-quality imaging and diagnostic solutions will continue to grow, presenting a lucrative market opportunity for rare gases. Furthermore, the exploration of new applications in emerging fields, such as space exploration and high-energy physics, could unveil additional avenues for growth, solidifying the role of rare gases in various sectors.

Threats

Despite the promising growth trajectory of the rare gases market, several threats could impact its stability and expansion. One of the primary concerns is the limited availability of some rare gases, particularly helium and xenon, which are derived from natural gas extraction processes. As the supply of these gases becomes increasingly constrained due to diminishing natural reserves, price volatility may ensue, negatively affecting market dynamics. Moreover, geopolitical factors and trade restrictions can complicate the sourcing of rare gases, particularly for countries reliant on imports. This could lead to disruptions in supply chains, ultimately impacting the operations of industries dependent on rare gases. Additionally, the rise of alternative technologies and materials may pose a threat to the rare gases market, as industries explore substitutes that provide similar functionality at lower costs.

Another significant threat is the increasing scrutiny and regulation surrounding greenhouse gas emissions and environmental impact. As industries strive to reduce their carbon footprint, there may be a shift away from certain applications of rare gases that are perceived to have environmental implications. This could lead to reduced demand for rare gases in specific sectors, especially where regulatory pressures are more pronounced. The potential for technological advancements to create competitive alternatives poses an ongoing challenge, requiring players in the rare gases market to innovate continuously. As such, companies involved in the rare gases sector need to remain agile, adapting to changing market conditions and addressing environmental concerns to mitigate threats and sustain growth.

Competitor Outlook

• Air Products and Chemicals, Inc.
• Groupe Air Liquide S.A.
• Praxair Technology, Inc.
• Matheson Tri-Gas, Inc.
• Taiyo Nippon Sanso Corporation
• Linde plc
• Advanced Specialty Gases, Inc.
• Merck KGaA
• Showa Denko K.K.
• Gulf Cryo
• Coregas Pty Ltd
• Baker Hughes Company
• American Gas Products
• Airgas, Inc.
• Supagas

The competitive landscape of the rare gases market is characterized by a mix of established players and emerging companies striving to capture market share. Major industrial gas companies, such as Air Products and Chemicals, Inc., and Linde plc, dominate the market, leveraging their extensive networks and advanced technologies for gas extraction and distribution. These companies often engage in strategic partnerships and collaborations to enhance their product offerings and expand their geographical reach. Their strong presence in various regions, particularly North America and Europe, enables them to cater effectively to the diverse needs of customers across different sectors.

Additionally, specialty gas suppliers like Matheson Tri-Gas, Inc., and advanced manufacturers such as Merck KGaA, are gaining traction by focusing on providing high-purity rare gases for specialized applications. Their expertise in delivering tailored solutions positions them as key players in niche markets, particularly in healthcare and electronics. These suppliers often invest in research and development to innovate and improve their product offerings, ensuring they meet the evolving demands of their customers. The growing focus on sustainability and energy efficiency is leading to increased competition among suppliers, as they vie to deliver cleaner and more efficient gas solutions in response to regulatory pressures.

Emerging players are also entering the market, driven by the growing demand for rare gases in developing regions. Companies like Gulf Cryo and Supagas are expanding their operations to meet the increasing needs of local markets, capitalizing on the industrial growth in Asia Pacific and the Middle East. These new entrants often adopt flexible business models, enabling them to adapt swiftly to market changes and customer preferences. The competitive dynamics are expected to evolve further as companies leverage technology and innovation to differentiate themselves and gain a competitive edge in the rapidly growing rare gases market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Supagas
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Gulf Cryo
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Linde plc
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Merck KGaA
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Airgas, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Coregas Pty Ltd
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Showa Denko K.K.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Baker Hughes Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 American Gas Products
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Matheson Tri-Gas, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Groupe Air Liquide S.A.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Praxair Technology, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Advanced Specialty Gases, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Taiyo Nippon Sanso Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Air Products and Chemicals, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Rare Gases Market, By Application
    • 6.1.1 Electronics
    • 6.1.2 Lighting
    • 6.1.3 Welding
    • 6.1.4 Healthcare
    • 6.1.5 Others
  • 6.2 Rare Gases Market, By Product Type
    • 6.2.1 Helium
    • 6.2.2 Neon
    • 6.2.3 Argon
    • 6.2.4 Krypton
    • 6.2.5 Xenon
  • 6.3 Rare Gases Market, By Distribution Channel
    • 6.3.1 Industrial Gas Companies
    • 6.3.2 Specialty Gas Suppliers
    • 6.3.3 Online Retailers
    • 6.3.4 Chemical Suppliers
    • 6.3.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Rare Gases Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Rare Gases market is categorized based on

By Product Type

• Helium
• Neon
• Argon
• Krypton
• Xenon

By Application

• Electronics
• Lighting
• Welding
• Healthcare
• Others

By Distribution Channel

• Industrial Gas Companies
• Specialty Gas Suppliers
• Online Retailers
• Chemical Suppliers
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Air Products and Chemicals, Inc.
• Groupe Air Liquide S.A.
• Praxair Technology, Inc.
• Matheson Tri-Gas, Inc.
• Taiyo Nippon Sanso Corporation
• Linde plc
• Advanced Specialty Gases, Inc.
• Merck KGaA
• Showa Denko K.K.
• Gulf Cryo
• Coregas Pty Ltd
• Baker Hughes Company
• American Gas Products
• Airgas, Inc.
• Supagas