Asia Pacific Industrial Gases Market Size & Outlook
Asia Pacific industrial gases market, 2018-2030 (US$M)
Related Markets
Asia Pacific industrial gases market highlights
- The Asia Pacific industrial gases market generated a revenue of USD 39,756.7 million in 2023.
- The market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 39,756.7 million |
| Market revenue in 2030 | USD 76,636.9 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.8% of the global industrial gases market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 76,636.9 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 29.84% in 2023. Horizon Databook has segmented the Asia Pacific industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific was the largest and fastest-growing regional market in 2020 and accounted for over 36.0% of the total revenue market share and is projected to grow at highest CAGR of 8.1% during the forecast period.
These countries are the key markets for industrial gases both globally and in Asia Pacific. The manufacturing industry is among the leading end-use application segments in the region, followed by. The rapid industrialization in Asia Pacific has promoted the use of industrial gases such as nitrogen oxygen, hydrogen, and others.
China and India are among the largest markets for industrial gases owing to a wide range of end-use applications in the region, while the demand for industrial gases from Japan and South Korea is also expected to grow, which is expected to drive the demand for market in Asia Pacific region in coming years.
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Target buyers of Asia Pacific industrial gases market databook
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial gases market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial gases market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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