Application‑based segmentation further refines the market, separating demand into Metalworking, Healthcare, Food & Beverage, Electronics, and Energy sectors. Metalworking dominates with an estimated 38 % share, driven by welding, cutting, and surface‑treatment processes that require precise oxygen‑acetylene or argon‑CO₂ blends. Healthcare follows at 22 %, where medical‑grade mixtures such as nitrous oxide‑oxygen are critical for anesthesia and respiratory support. The Food & Beverage segment, representing 15 %, relies on carbon dioxide and nitrogen mixtures for preservation and carbonation. Electronics, accounting for 13 %, uses ultra‑high‑purity nitrogen and argon mixtures in semiconductor fabrication and display manufacturing. The Energy segment, comprising 12 %, supports oil‑gas exploration and renewable‑energy storage through specialized hydrogen‑rich mixtures. This application taxonomy clarifies how each sector contributes to the total market size and informs strategic positioning for suppliers targeting specific end‑use niches.