China Industrial Gases Market Size & Outlook, 2023-2030
China industrial gases market, 2018-2030 (US$M)
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China industrial gases market highlights
- The China industrial gases market generated a revenue of USD 14,415.0 million in 2023 and is expected to reach USD 31,811.1 million by 2030.
- The China market is expected to grow at a CAGR of 12% 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.
Industrial gases market data book summary
| Market revenue in 2023 | USD 14,415.0 million |
| Market revenue in 2030 | USD 31,811.1 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 13.7% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,811.1 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 31.27% in 2023. Horizon Databook has segmented the China 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.
China is a major consumer of industrial gases in the world. Despite the current slowdown in the Chinese economy, the region is still a lucrative market for investments as compared to Western economies. Continuous investments in the country’s industrial sector are expected to sustain economic growth.
The demand for industrial gases is directionally proportional to the economic growth, thus the growing manufacturing and other industries in China are likely to propel the consumption of industrial gas over the forecast period. China is also recognized as a hub for the manufacturing of electronic products.
The growing electronic industry in the country can be attributed to supportive government policies coupled with strong domestic demand and increasing opportunities in international markets.
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Target buyers of China 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 country-level data and insights on the China industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into China industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial gases market size, by product, 2018-2030 (US$M)
China Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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