# South Korea Industrial Gases Market

> South Korea Industrial Gases Market Research Report By Type (Hydrogen, Oxygen, Nitrogen, Carbon-dioxide, Others) and By End User (Industry, Transportation, Agriculture, Energy, Others) - Growth & Industry Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 2.33%
- **2024:** $ 42.17 Million
- **2025:** $ 43.15 Million
- **2035:** $ 54.31 Million
- **Key Players:** Air Products (US), Linde (DE), Praxair (US), Air Liquide (FR), Messer Group (DE), Taiyo Nippon Sanso (JP), Nippon Gases (JP), Matheson Tri-Gas (US)

**Report ID:** MRFR/EnP/52987-HCR · **Pages:** 128 · **Author:** Snehal Singh · **Last Updated:** July 23, 2026

**URL:** https://www.marketresearchfuture.com/reports/south-korea-industrial-gases-market-54750

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## Market Summary

## **South Korea Industrial Gases Market Overview****:**

As per MRFR analysis, the South Korea Industrial Gases Market Size was estimated at 19.8 (USD Million) in 2023.The South Korea Industrial Gases Market Industry is expected to grow from 21(USD Million) in 2024 to 42 (USD Million) by 2035. The South Korea Industrial Gases Market CAGR (growth rate) is expected to be around 6.504% during the forecast period (2025 - 2035).

### **Key South Korea Industrial Gases Market Trends Highlighted**

The South Korea Industrial Gases Market is growing rapidly due to a variety of reasons. Some of the more impactful reasons include the growth in the food and beverage industries, and electronics, and healthcare sectors. The government has adopted policies that encourage entrepreneurs which has in turn increased the use of industrial gases that are used to aid productions including industrial fuel. Furthermore, a focus on sustainability and cutting down carbon emissions is forcing industries to shift towards cleaner technologies. This shift showcases the increased focus on hydrogen and nitrogen gases that are useful in energy transitions in several industries.

A wide variety of possibilities may be found in South Korea, more so, in the area of healthcare and medical gases. As the medical market is expanding alongside an increasing number of healthcare facilities available, the consumption of oxygen, nitrous oxide, and other medical gases is rising. In addition, the shift to renewable energy sources is giving new opportunities for industrial gas firms to develop and provide gases required in new technology fields like hydrogen energy storage and fuel cells.

There has also been a notable change in the focus of Industrial processes in recent times to increase Automation and Digitization which tends to improve efficiency. Gas management systems are incorporating modern technologies such as IoT and AI which allow for better control and optimization of gas consumption and provide more accurate monitoring of the gas usage.

This is in accordance with Korea's goal of becoming a world leader in smart manufacturing. Regardless, the South Korean industrial gas market is responding quickly to the growing industrial requirements while adopting new technologies towards environmentally responsible expansion.

## **South Korea Industrial Gases Market Drivers**

**Growth in the Manufacturing Sector**

The growth of the manufacturing sector in South Korea is a significant driver for the South Korea [Industrial Gases Market](../../../reports/industrial-gases-market-6508) Industry. The manufacturing sector contributed approximately 27% to the GDP in recent years, with a notable increase in demand for industrial gases like oxygen, nitrogen, and argon, essential in processes such as welding, metal cutting, and chemical production. 

Organizations such as the Korea Institute for Industrial Economics & Trade have reported a steady increase in manufacturing output, which is projected to grow at a rate of 3.5% annually over the next decade.This consistent growth leads to heightened demand for industrial gases, thereby bolstering the market's expansion. Additionally, the government's incentive programs aimed at enhancing manufacturing capabilities further promote the usage of advanced industrial gases, making the South Korea Industrial Gases Market Industry a crucial component of the nation’s economic landscape.

**Increasing Adoption of Green Technologies**

As South Korea focuses on reducing carbon footprints and promoting green technologies, the demand for industrial gases is witnessing a surge. The government's Green New Deal initiative aims to invest significantly in eco-friendly infrastructure, which includes the adoption of hydrogen as an energy source. 

The Ministry of Trade, Industry, and Energy has stated plans to produce hydrogen using industrial gases, targeting production of around 6.2 million tons per year by 2040.This shift towards sustainable energy solutions drives the South Korea Industrial Gases Market Industry, as industries increasingly rely on cleaner gases to meet environmental regulations and consumer preferences.

**Technological Advancements in Gas Production and Application**

Technological advancements in the production and application of industrial gases are propelling the South Korea Industrial Gases Market Industry forward. Innovations such as improved gas separation technologies and efficient storage solutions have increased the purity and availability of industrial gases. 

Major companies in the region, including Air Products and Linde Korea, are investing heavily in Research and Development to enhance product offerings and operational efficiency.The Korean government supports these advancements by providing grants and funding for initiatives aimed at innovative gas technology development, which is expected to enhance overall market growth.

## **South Korea Industrial Gases Market Segment Insights****:**

**Industrial Gases Market Type Insights**

The South Korea Industrial Gases Market is comprehensively segmented by Type, encompassing a diverse range of gases including Hydrogen, Oxygen, Nitrogen, Carbon Dioxide, and Others. The Hydrogen sector continues to gain prominence, driven by its expanding use in fuel cells and renewable energy applications, reflecting the country's commitment to hydrogen as a clean energy source. 

Similarly, Oxygen plays a pivotal role in various industries such as healthcare, metal production, and water treatment, highlighting its multifaceted importance to South Korea's industrial landscape.Nitrogen is another critical element widely utilized in food preservation and manufacturing processes, showcasing its integral role in ensuring product longevity and safety for consumers. As for Carbon Dioxide, its applications extend from carbonation in beverages to enhanced oil recovery, indicating the broad versatility of this gas within different sectors. 

The Others category encompasses a variety of specialty gases tailored for niche applications, marking the diversity in demand across industries. The segmentation of the South Korea Industrial Gases Market reflects ongoing trends toward sustainability and innovation, with significant investments reportedly being directed towards the development of advanced gas technologies and environmental applications.A growing awareness of greenhouse gas emissions among industries has spurred initiatives for more efficient gas utilization, presenting notable opportunities for future market growth and technology integration.

Overall, the Type segmentation underscores the essential role these gases play in supporting South Korea's industrial efforts and sustainability goals, contributing to a robust market dynamic.

**Industrial Gases Market End User Insights**

The South Korea Industrial Gases Market shows diverse engagement across various end user categories like Industry, Transportation, Agriculture, Energy, and others, all evolving according to specific regional needs and technological advancements. The industrial sector has been a major driver, leveraging gases for processes in manufacturing, food preservation, and health care, underscoring its vital role in the economy. In the transportation segment, there is a growing emphasis on cleaner alternatives, leading to an increased demand for industrial gases that support fuel efficiency and emissions reduction.Agriculture benefits through enhanced productivity and crop viability, supported by gases used in various farming techniques. 

The energy sector is similarly significant, focusing on innovative gas solutions for energy generation and management. Moreover, other sectors contribute to the overall market dynamics by implementing gases in niche applications, all reflecting South Korea's commitment to advancing its industrial capabilities. As the South Korea Industrial Gases Market data indicates strong growth potential, the positioning of each end user segment will likely continue to evolve, influenced by economic shifts, regulatory frameworks, and evolving consumer needs.

The diversity in usage and application of industrial gases points towards a comprehensive interaction across all sectors, indicating a robust and adaptive market landscape.

## **South Korea Industrial Gases Market Key Players and Competitive Insights****:**

The South Korea Industrial Gases Market is a dynamic and rapidly evolving sector characterized by increasing demand from various industries, including manufacturing, healthcare, and energy. This market features intense competition as both domestic and international players strive to enhance their market position and expand their service offerings. Companies are focusing on technological advancements, developing innovative products, and forming strategic alliances to cater to the growing needs of their customers. With the increasing push for sustainability and the reduction of carbon emissions, players in the industrial gases market are also investing in cleaner production methods and sustainable solutions. 

Understanding the competitive landscape is crucial for stakeholders as they navigate through the complexities of regulatory environments and market dynamics.Linde stands out in the South Korea Industrial Gases Market due to its strong commitment to innovation and customer-centric solutions. With a robust distribution network and efficient supply chain management, Linde effectively serves a diverse range of industries, delivering gases such as oxygen, nitrogen, and argon that are essential for industrial processes. 

The company's strength lies in its extensive expertise and technological knowledge, which enable it to tailor its offerings to meet the specific demands of the local market. Linde is recognized for its high-quality products and services, contributing to its solid presence in South Korea. Its strategic initiatives, such as partnerships and collaborations with key industries, further enhance its competitiveness and ability to maintain a leadership position.BASF, although primarily known for its chemical products, also plays a significant role in the South Korea Industrial Gases Market through its specialized offerings. 

The company provides a range of high-value gases used in various applications, including process optimization and material synthesis, catering to sectors such as electronics and automotive. BASF's strengths in South Korea lie in its strong product development capabilities and a focus on sustainability, aligning with the region's environmental goals. The firm has established a strategic footprint in the country, driven by its commitment to research and development, which allows it to innovate continuously and respond to the evolving needs of the market.

Mergers and acquisitions have also fortified BASF's position and enabled it to expand its technological resources and service capabilities, contributing to its competitive edge in the industrial gases sector within South Korea.

### **Key Companies in the South Korea Industrial Gases Market Include:**

- Linde
- BASF
- Messer
- Kogas
- Dongkuk Steel Mill
- Air Liquide
- N2GAS
- SK Materials
- Samsung C&T
- Hyundai Gas
- OCI
- Hansol Chemical
- Taean Gas
- Daesung Industrial Gases
- Air Products

### **South Korea Industrial Gases Market Industry Developments**

In recent months, the South Korea Industrial Gases Market has experienced significant developments, notably in the areas of growth and partnerships. Companies like Linde and Air Liquide are expanding their production capabilities to cater to the increasing demand within the semiconductor and electronics sectors, crucial for South Korea's economy. 

In June 2023, BASF announced a strategic initiative to enhance its production of specialty gases, reinforcing its presence in the industrial sector. On the mergers and acquisition front, Air Products and SK Materials completed a notable partnership in July 2023 aimed at advancing hydrogen production technologies, reflecting a strong focus on clean energy transitions. 

Additionally, the ongoing collaboration between Dongkuk Steel Mill and Kogas is set to modernize industrial gas applications in steel production, an essential aspect of South Korea's industrial landscape. Over the last two years, the market has seen investments surpassing USD 500 million, showcasing the robust growth trajectory in line with domestic and global trends in sustainability and technological innovation. This development not only strengthens the competitive position of these companies but also impacts the broader landscape of the South Korean industrial sector.

## **South Korea Industrial Gases Market Segmentation Insights**

### **Industrial Gases Market Type****Outlook**

- Hydrogen
- Oxygen
- Nitrogen
- Carbon-dioxide
- Others

### **Industrial Gases Market End User****Outlook**

- Industry
- Transportation
- Agriculture
- Energy
- Others

## Market Drivers

### Expansion of Energy Sector

The energy sector in South Korea is undergoing significant transformation, which is likely to impact the industrial gases market positively. With a focus on [renewable energy](https://www.marketresearchfuture.com/reports/renewable-energy-market-1515) sources, the demand for industrial gases such as hydrogen is expected to rise. Hydrogen is increasingly recognized as a clean energy carrier, and South Korea aims to become a leader in hydrogen technology by 2030. This ambition could lead to substantial investments in hydrogen production and distribution infrastructure, thereby boosting the industrial gases market. Furthermore, the energy sector's transition towards cleaner fuels may create new opportunities for gas suppliers, potentially increasing market revenues by 10% over the next five years.

### Growth in Food and Beverage Industry

The food and beverage industry in South Korea is experiencing robust growth, which appears to be a significant driver for the industrial gases market. The increasing demand for packaged and processed foods necessitates the use of gases such as [carbon dioxide](https://www.marketresearchfuture.com/reports/carbon-dioxide-market-20689) and nitrogen for preservation and packaging. In 2025, the food and beverage sector is projected to account for approximately 15% of the total industrial gases consumption. This trend indicates a growing reliance on industrial gases to enhance product shelf life and maintain quality. As consumer preferences shift towards convenience and safety, the industrial gases market is likely to expand in tandem with the food and beverage industry's evolving needs.

### Rising Demand from Manufacturing Sector

The manufacturing sector in South Korea is experiencing a notable surge, which appears to be a primary driver for the industrial gases market. As industries such as automotive, electronics, and machinery expand, the need for various industrial gases, including oxygen, nitrogen, and argon, is likely to increase. In 2025, the manufacturing sector is projected to contribute approximately 30% to the national GDP, indicating a robust demand for industrial gases. This growth is further fueled by the adoption of advanced manufacturing processes that require specific gas compositions for optimal performance. Consequently, the industrial gases market is expected to benefit significantly from this trend, as manufacturers seek reliable suppliers to meet their operational needs.

### Environmental Regulations and Compliance

In South Korea, stringent environmental regulations are shaping the industrial gases market. The government has implemented various policies aimed at reducing emissions and promoting cleaner production methods. As a result, industries are increasingly turning to industrial gases that facilitate compliance with these regulations. For instance, the use of nitrogen in inerting processes helps minimize the risk of combustion, while carbon dioxide is utilized in enhanced oil recovery. The industrial gases market is likely to see a shift towards gases that not only meet regulatory standards but also enhance operational efficiency. This trend suggests a growing market for environmentally friendly gases, potentially leading to a market growth rate of 5% annually.

### Technological Innovations in Gas Production

Technological advancements in gas production processes are likely to play a crucial role in shaping the industrial gases market in South Korea. Innovations such as membrane separation and cryogenic distillation are enhancing the efficiency and cost-effectiveness of gas production. These technologies enable suppliers to produce high-purity gases at lower costs, which may lead to increased competitiveness in the market. As industries seek to optimize their operations, the demand for high-quality industrial gases is expected to rise. This trend suggests that the industrial gases market could experience a growth rate of approximately 7% annually, driven by the continuous evolution of production technologies.

## Future Outlook

The industrial gases market in South Korea is projected to grow at a 2.33% CAGR from 2025 to 2035, driven by increasing demand in healthcare, manufacturing, and energy sectors.

**New opportunities:**

- Expansion of hydrogen production facilities for energy applications. Development of advanced gas storage solutions for industrial use. Implementation of digital monitoring systems for gas distribution efficiency.

By 2035, the industrial gases market is expected to achieve robust growth, reflecting evolving industrial needs.

## Segment Insights

### By Type: Hydrogen (Largest) vs. Oxygen (Fastest-Growing)

In the South Korea industrial gases market, the segment distribution showcases Hydrogen as the predominant player, commanding a significant market share. Following Hydrogen, Oxygen and Nitrogen hold notable shares, with Oxygen exhibiting increasing popularity among industries due to its essential role in combustion and chemical processes. Carbon-dioxide and others represent smaller fractions of the total market, yet they serve specialized applications that are critical in particular sectors, enhancing the diversity of the market. Growth trends within this segment are driven by advancements in technology and rising demand for clean energy solutions. Hydrogen, being at the forefront, is gaining traction due to its role in [fuel cells](https://www.marketresearchfuture.com/reports/fuel-cell-market-10961) and sustainable energy systems. Meanwhile, Oxygen is witnessing rapid growth attributed to its extensive usage in healthcare and metallurgical processes, marking it as a vital resource in industrial applications. This dynamic shift illustrates the evolving landscape of the market, with continued innovations bolstering these segment values.

Hydrogen: Dominant vs. Oxygen: Emerging

Hydrogen has established itself as the dominant segment in the South Korea industrial gases market, driven by its applications in energy production and fuel cells. It is highly regarded for its role in promoting sustainable energy initiatives and reducing carbon emissions. The market's shift towards greener alternatives amplifies Hydrogen's relevance. Conversely, Oxygen is emerging rapidly, primarily propelled by demands in the healthcare sector, especially in oxygen therapy and anesthesia. Its significance in industries such as metal fabrication and water treatment further enhances its market position. The combined potential of both gases reflects a transformative phase in industrial gas utilization, positioning them as cornerstone elements in the transition towards a cleaner and more efficient industrial landscape.

### By End User: Industry (Largest) vs. Transportation (Fastest-Growing)

In the South Korea industrial gases market, the industry sector holds the largest market share, driven by the demand for specialized gases in manufacturing processes. The transportation sector is experiencing rapid growth as the [automotive industry](https://www.marketresearchfuture.com/reports/automotive-industry-7683) increasingly adopts industrial gases for various applications, including emissions control and fuel efficiency enhancement. Growth trends in this segment are influenced by advancements in technology and the push towards sustainable practices. With government initiatives promoting clean energy and reduced emissions, gases like hydrogen are seeing heightened interest. Moreover, the agricultural sector's demand for gases for food preservation and processing is growing, further contributing to the overall expansion of this segment.

Industry: Manufacturing (Dominant) vs. Transportation: Automotive (Emerging)

The [manufacturing sector](https://www.marketresearchfuture.com/reports/manufacturing-sector-market-67241) is the dominant player in the South Korea industrial gases market, characterized by its extensive use of gases such as oxygen, nitrogen, and argon in various production processes. This sector benefits from established supply chains and ongoing innovation that drives efficiency and quality in manufacturing. In contrast, the automotive sector represents an emerging market for industrial gases, with increasing applications in fuel cells and welding processes. This shift towards cleaner technologies in transportation underscores the potential for growth, making the automotive sector a crucial area for future investments and development in industrial gases.

## Competitive Benchmarking

The [industrial gases](https://www.marketresearchfuture.com/reports/industrial-gases-market-6508) market in South Korea is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Air Products (US), Linde (DE), and Air Liquide (FR) are actively pursuing growth through technological advancements and regional expansions. Air Products (US) has focused on enhancing its hydrogen production capabilities, which aligns with the global shift towards cleaner energy solutions. Linde (DE) emphasizes [digital transformation](https://www.marketresearchfuture.com/reports/digital-transformation-market-8685), leveraging data analytics to optimize operations and improve customer service. Meanwhile, Air Liquide (FR) is investing in sustainable practices, aiming to reduce its carbon footprint while expanding its product offerings. Collectively, these strategies indicate a market that is not only competitive but also responsive to evolving environmental and technological demands. In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market structure appears moderately fragmented, with several key players holding substantial market shares. This fragmentation allows for a diverse range of offerings, yet the influence of major companies remains significant, as they set benchmarks for innovation and operational excellence. In October 2025, Air Products (US) announced a strategic partnership with a leading South Korean automotive manufacturer to supply hydrogen for fuel cell vehicles. This collaboration is pivotal as it not only reinforces Air Products' commitment to hydrogen as a clean energy source but also positions the company at the forefront of the burgeoning fuel cell market in South Korea. The partnership is expected to enhance the company's market presence and drive further innovations in hydrogen technology. In September 2025, Linde (DE) launched a new digital platform aimed at streamlining gas supply chain management for its customers. This initiative is significant as it reflects Linde's commitment to digitalization, enabling clients to monitor and manage their gas usage in real-time. Such advancements are likely to improve customer satisfaction and operational efficiency, thereby strengthening Linde's competitive position in the market. In August 2025, Air Liquide (FR) unveiled a new initiative focused on carbon capture and utilization technologies, aimed at reducing emissions from industrial processes. This move is crucial as it aligns with global sustainability goals and positions Air Liquide as a leader in environmentally friendly practices. The initiative is expected to attract new clients who prioritize sustainability, further enhancing the company's market share. As of November 2025, the competitive trends in the industrial gases market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing operational capabilities. Looking ahead, the competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, sustainability initiatives, and supply chain reliability. This shift suggests that companies that prioritize innovation and environmental responsibility will be better positioned to thrive in the future.

## Recent News & Developments

In recent months, the South Korea Industrial Gases Market has experienced significant developments, notably in the areas of growth and partnerships. Companies like Linde and Air Liquide are expanding their production capabilities to cater to the increasing demand within the semiconductor and electronics sectors, crucial for South Korea's economy. 

In June 2023, BASF announced a strategic initiative to enhance its production of specialty gases, reinforcing its presence in the industrial sector. On the mergers and acquisition front, Air Products and SK Materials completed a notable partnership in July 2023 aimed at advancing hydrogen production technologies, reflecting a strong focus on clean [energy transitions](https://www.marketresearchfuture.com/reports/energy-transition-market-13894). 

Additionally, the ongoing collaboration between Dongkuk Steel Mill and Kogas is set to modernize industrial gas applications in steel production, an essential aspect of South Korea's industrial landscape. Over the last two years, the market has seen investments surpassing USD 500 million, showcasing the robust growth trajectory in line with domestic and global trends in sustainability and technological innovation. This development not only strengthens the competitive position of these companies but also impacts the broader landscape of the South Korean industrial sector.

## Report Scope

| MARKET SIZE 2024 | 42.17(USD Million) |
| --- | --- |
| MARKET SIZE 2025 | 43.15(USD Million) |
| MARKET SIZE 2035 | 54.31(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.33% (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 | Air Products (US), Linde (DE), Praxair (US), Air Liquide (FR), Messer Group (DE), Taiyo Nippon Sanso (JP), Nippon Gases (JP), Matheson Tri-Gas (US) |
| Segments Covered | Type, End User |
| Key Market Opportunities | Adoption of sustainable practices in industrial gases market driven by regulatory changes and consumer demand. |
| Key Market Dynamics | Rising demand for clean energy solutions drives innovation in industrial gases, enhancing competitive dynamics in South Korea. |
| Countries Covered | South Korea |

## Frequently Asked Questions

**Q: What is the projected market valuation for the South Korea industrial gases market in 2035?**
A: The projected market valuation for the South Korea industrial gases market in 2035 is $54.31 Million.

**Q: What was the overall market valuation in 2024?**
A: The overall market valuation in 2024 was $42.17 Million.

**Q: What is the expected CAGR for the South Korea industrial gases market during the forecast period 2025 - 2035?**
A: The expected CAGR for the South Korea industrial gases market during the forecast period 2025 - 2035 is 2.33%.

**Q: Which companies are considered key players in the South Korea industrial gases market?**
A: Key players in the South Korea industrial gases market include Air Products, Linde, Praxair, Air Liquide, Messer Group, Taiyo Nippon Sanso, Nippon Gases, and Matheson Tri-Gas.

**Q: What are the main segments of the South Korea industrial gases market?**
A: The main segments of the South Korea industrial gases market include types such as Hydrogen, Oxygen, Nitrogen, Carbon-dioxide, and Others.

**Q: How did the valuation of the Hydrogen segment change from 2024 to 2025?**
A: The valuation of the Hydrogen segment increased from $10.0 Million in 2024 to $12.0 Million in 2025.

**Q: What is the projected valuation for the Oxygen segment in 2025?**
A: The projected valuation for the Oxygen segment in 2025 is $10.0 Million.

**Q: Which end-user industries are driving the demand for industrial gases in South Korea?**
A: The end-user industries driving demand include Industry, Transportation, Agriculture, Energy, and Others.

**Q: What was the valuation of the Energy segment in 2024?**
A: The valuation of the Energy segment in 2024 was $10.0 Million.

**Q: How does the valuation of the Others segment compare between 2024 and 2025?**
A: The valuation of the Others segment increased from $12.17 Million in 2024 to $17.81 Million in 2025.


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