As per MRFR analysis, the APAC Industrial Gases Market Size was estimated at 198 (USD Million) in 2023.The APAC Industrial Gases Market Industry is expected to grow from 210(USD Million) in 2024 to 400 (USD Million) by 2035. The APAC Industrial Gases Market CAGR (growth rate) is expected to be around 6.033% during the forecast period (2025 - 2035).
The APAC Industrial Gases Market is going through some acute market changes due to the accelerated industrial growth and urban settlement in the said region. The need for industrial radiology in the industries like manufacturing, healthcare, and even in food processing serves as a primary impetus. The other APAC Countries, especially China and India, are actively contributing to the infrastructure development which increases the consumption and demand of nitrogen, oxygen, and hydrogen gases. In addition, there is greater focus on cleaner practices and rising standards for living which force the traditional industrial set up to shift focus on green processes which increases the use of industrial gases.
The possibilities in APAC Industrial Gases Market are quite enormous especially in the energy industry where the air sector focuses on the hydrogen producing end of the markets. This change also supports government plans instituted towards fighting emissions control and encourages the adoption of greener technology. Furthermore, the advancement of the healthcare also increases the application and associated value of some medical gases such as oxygen and nitrous oxide which on the other hand are considered great opportunities for the investors. Recent trends show that there is a strong push towards newer cutting edge technology in gas production and delivery systems increasing the efficiency of the systems while lowering the operational costs.
Shifts in environmental regulations have also pushed operators to pursue high level gas technologies which comply with more stringent requirements, further influencing the direction of the market. Focus on the region is still on developing new industrial applications and innovations such as electronics and renewables, which means there is further scope for growth for the APAC Industrial Gases Market.
Growing Demand in Healthcare Sector
The APAC Industrial Gases Market Industry is witnessing significant growth driven by the increasing demand for medical gases, particularly oxygen and nitrous oxide, in healthcare applications. According to government reports, the healthcare sector in the APAC region has seen a surge in investments, with a projected increase in healthcare expenditure to reach 12% of GDP by 2025 across major economies like India and China.
Established organizations such as Air Liquide and Linde have expanded their operations in APAC, responding to the rising demand for medical-grade gases, which is further fueled by the growing aging population and the increasing prevalence of chronic diseases.This trend highlights the essential role of industrial gases in ensuring adequate healthcare provisions, ultimately driving market expansion.
Expansion of Manufacturing and Chemical Industries
The expansion of the manufacturing and chemical industries in the APAC region is a significant driver for the APAC Industrial Gases Market Industry. Countries such as China and India are witnessing a robust manufacturing resurgence, with production levels expected to increase by over 10% annually. This surge is accompanied by the rising need for industrial gases, such as nitrogen and argon, in processes such as metal fabrication and chemical synthesis.
Major players like Praxair have invested extensively in these markets, demonstrating their commitment to supporting the growing industrial requirements. As the manufacturing landscape evolves in APAC, the demand for specialized industrial gases will continue to escalate, positively impacting market growth.
Increasing Investments in Infrastructure Development
Infrastructure development initiatives across the APAC region, particularly in emerging economies, are significantly driving the APAC Industrial Gases Market Industry. Governments in countries such as Indonesia and Vietnam are allocating substantial budgets for infrastructure projects, with an estimated 8% annual growth rate in construction activities anticipated over the next decade.
This momentum generates expanded application possibilities for industrial gases, such as acetylene for welding and carbon dioxide for concrete production.Prominent companies like Messer Group are actively engaging in partnerships to enhance their service capabilities in alignment with these developmental goals, thereby boosting the overall market potential as infrastructure projects progress.
Technological Advancements and Innovations
Technological advancements in gas separation and distribution methods are revolutionizing the APAC Industrial Gases Market Industry. Innovations such as membrane technology and cryogenic distillation have improved the efficiency of industrial gas production, leading to increased availability and reduced costs.
A noticeable trend is the integration of automation and digital solutions within the industrial gas sector, with projections indicating a growth rate of approximately 9% annually in the adoption of smart technologies.Companies like Taiyo Nippon Sanso are at the forefront of these advancements, leveraging new technologies to enhance operational efficiencies and service delivery. This ongoing innovation not only fuels the market's growth but also meets the diverse needs of various industries across the APAC region.
Industrial Gases Market Type Insights
The APAC Industrial Gases Market is primarily segmented by Type, showcasing a diverse range of gases that are essential across various industries, from healthcare and manufacturing to food processing and electronics. Hydrogen, an increasingly vital component in fuel cells and energy solutions, is witnessing significant demand due to the region's push towards sustainable energy sources. The growing emphasis on reducing carbon emissions and transitioning to greener technologies boosts the relevance of this segment. Following closely is Oxygen, largely utilized in medical applications and metallurgical processes, which remains significant in healthcare advancements and steel production, providing critical support in enhancing production efficiency and quality.
Furthermore, Nitrogen, primarily employed in food packaging and chemical processes, is increasingly important due to the rise in the food industry, where it helps in extending shelf life and preserving quality. Carbon-dioxide, while often recognized for its role in climate discussions, is extensively used in food, beverages, and various industrial applications, making it a crucial player in maintaining production standards. The "Others" category includes specialty gases that cater to niche markets, where innovative applications are emerging daily.
These segments collectively contribute to the dynamics of the APAC Industrial Gases Market, reinforcing the regional industry landscape and showcasing the potential for growth driven by technological advancements and sustainable practices that underscore the changing needs of various sectors within APAC. The integration of innovative applications and efficient production techniques further fuels the market development, ensuring that it remains responsive to the ever-evolving industrial landscape and the demands for sustainable solutions within the APAC region.
Industrial Gases Market End User Insights
The APAC Industrial Gases Market is witnessing significant shifts within its End User segment, driven by diverse applications across various industries. The Industrial sector predominantly utilizes industrial gases for manufacturing and processing, creating demand for reliable gas supply. Transportation is also a key area where gases like hydrogen and oxygen play a crucial role, especially in the development of cleaner fuel options and technologies.
In agriculture, gases such as carbon dioxide are critical for enhancing crop yields and food preservation, demonstrating the sector's reliance on industrial gases for increased productivity.The Energy sector is increasingly turning to industrial gases as part of efforts to transition to cleaner power sources, highlighting a growing focus on sustainability and efficiency. Additionally, other sectors span various applications including healthcare and food processing, further underscoring the versatility of industrial gases.
As APAC continues to experience rapid industrialization and urbanization, the APAC Industrial Gases Market segmentation reflects broader economic trends and the escalating demand for innovative gas solutions across multiple sectors.Each of these segments holds potential for growth, contributing significantly to the overall dynamics of the APAC Industrial Gases Market.
Industrial Gases Market Regional Insights
The APAC Industrial Gases Market showcases strong growth potential within its Regional segment, characterized by significant contributions from countries like China, India, and Japan. China stands out as a dominant player, driven by its robust manufacturing sector and ongoing urbanization. The country’s extensive industrial base creates a high demand for industrial gases, facilitating growth. India, with its increasing investments in infrastructure and manufacturing, is witnessing a notable rise in demand for industrial gases, making it a key growth driver in the market.
Japan, renowned for its technological advancements, particularly in the semiconductor and electronics sectors, relies heavily on specialty gases, contributing to the market's growth. South Korea's emphasis on advanced manufacturing and research and development further bolsters its position in the industrial gases space, alongside substantial contributions from countries like Malaysia and Thailand, which are investing in manufacturing and energy projects.
Overall, the APAC region is witnessing strategic developments and investments in industrial gases, enhancing the capability to cater to ever-growing industrial demand, while also providing a wide range of opportunities for market players across the spectrum, driven by innovations and sustainability trends in the industry.
The APAC Industrial Gases Market is characterized by a rapidly evolving landscape marked by technological advancements, increasing demand from diverse sectors, and growing competition among key players. The region exhibits significant growth driven by the rising industrialization and infrastructure development across multiple countries.
As various industries such as healthcare, manufacturing, and food processing expand, the demand for industrial gases like oxygen, nitrogen, and hydrogen is surging. This competitive environment compels companies to focus on innovation, enhancing service offerings, optimizing supply chains, and expanding their geographical footprints to capture a larger market share. Players in this market are continually assessing their competitive strategies, forming alliances, and investing in research and development to adapt to changing market conditions and consumer preferences.
Within the APAC Industrial Gases Market, Linde has established a prominent presence and is recognized for its robust portfolio of products and services tailored to meet diverse customer needs. The company is known for its technological innovations and efficiency in gas production, distribution, and application, which serve industries ranging from healthcare to energy. Linde has made considerable investments in supply chain enhancements and infrastructure development to ensure reliable and timely delivery of gases. Their strength lies in their ability to offer customized solutions, deep industry expertise, and comprehensive support services, enabling them to build strong relationships with clients across various sectors.
The depth of Linde's market knowledge allows them to respond effectively to localized demands, making them a key player in this competitive landscape.Messer Group is another significant entity in the APAC Industrial Gases Market, boasting a strong market presence with a focus on providing high-purity gases and related services. The company’s offerings include a wide array of products such as oxygen, nitrogen, carbon dioxide, and specialty gases, tailored for various industrial applications. Messer Group's strengths stem from its commitment to safety, sustainability, and innovation, ensuring they meet the stringent demands of the APAC market.
The company engages in strategic collaborations and partnerships to enhance its operational capabilities and expand its distribution networks. In recent years, Messer Group has pursued mergers and acquisitions to strengthen its position in the region, leveraging synergies to improve its service delivery and product range. Their emphasis on customer-centric solutions and environmental responsibility is a critical facet of their strategy in the APAC Industrial Gases Market.
The APAC Industrial Gases Market is experiencing significant advancements, particularly in July 2023, when Linde announced a major expansion of its production capabilities in China, signaling a growing demand in the region. Concurrently, Air Products and Chemicals launched a new green hydrogen project in India, aligning with local government initiatives to promote sustainable energy solutions.
Messer Group has been active in strategic collaborations, focusing on enhancing its supply chain efficiencies in Southeast Asia. In the realm of mergers and acquisitions, Yingde Gases finalized its acquisition of several smaller gas suppliers in August 2023, aiming to consolidate its market position.
Taiyo Nippon Sanso has increased its investments in Research and Development to promote innovative gas technologies tailored for APAC industries. Growth in the market valuation of companies such as Praxair and Inox Air Products reflects the rising demand for industrial gases in healthcare and manufacturing sectors, supported by government investments in infrastructure. Moreover, the market has seen a diversification in product offerings, which indicates a robust response to evolving customer needs and environmental regulations within APAC countries.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 198.0(USD Million) |
| MARKET SIZE 2024 | 210.0(USD Million) |
| MARKET SIZE 2035 | 400.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.033% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Linde, Messer Group, Yingde Gases, Auer Gase, Air Liquide, Nippon Gases, Taiyo Nippon Sanso, Bhagwati Gas Tube, Praxair, Inox Air Products, Universal Industrial Gases, Reliance Industrial Gases, Air Products and Chemicals, IGas Energy, KMG Chemicals |
| SEGMENTS COVERED | Type, End User, Regional |
| KEY MARKET OPPORTUNITIES | Rising demand for renewable energy, Expansion of healthcare sector, Growth in food and beverage industry, Advancements in manufacturing technologies, Increasing automation in industrial processes |
| KEY MARKET DYNAMICS | rising demand for clean energy, growth in manufacturing sector, increased healthcare applications, strict environmental regulations, technological advancements in production |
| COUNTRIES COVERED | China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC |
Frequently Asked Questions (FAQ) :
The APAC Industrial Gases Market is expected to be valued at 210.0 million USD in 2024.
By 2035, the APAC Industrial Gases Market is anticipated to reach a value of 400.0 million USD.
The expected CAGR for the APAC Industrial Gases Market from 2025 to 2035 is 6.033%.
China holds the largest market value in the APAC Industrial Gases Market, projected at 90.0 million USD in 2024.
The market value for hydrogen in the APAC Industrial Gases Market is set at 40.0 million USD in 2024.
Key players include Linde, Messer Group, Air Liquide, and Praxair among others.
The expected market value for oxygen in the APAC Industrial Gases Market is projected to be 110.0 million USD by 2035.
The projected market value for nitrogen in the APAC Industrial Gases Market is 90.0 million USD by 2035.
The South Korean market for industrial gases is expected to be valued at 50.0 million USD in 2035.
Growth opportunities include increasing demand in various industries such as healthcare, manufacturing, and energy.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
