Japan Industrial Gases Market Size & Outlook, 2023-2030
Japan industrial gases market, 2018-2030 (US$M)
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Japan industrial gases market highlights
- The Japan industrial gases market generated a revenue of USD 3,659.8 million in 2023 and is expected to reach USD 5,168.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.1% 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 3,659.8 million |
| Market revenue in 2030 | USD 5,168.4 million |
| Growth rate | 5.1% (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, Japan accounted for 3.5% 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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Japan 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 28.91% in 2023. Horizon Databook has segmented the Japan 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.
Japan is recognized as a developed and technologically advanced economy. Over the years, the Japanese electronics industry was the richest and most innovative sector in the global electronics market.
However owing to the recent outbreak of COVID-19 and supportive Japanese government policies for electronics industry, Japanese electronics industry is expected to gain back momentum in the coming years, which is expected to drive the demand for industrial gases.
In addition, the rising government expenditure on healthcare facilities in Japan is further projected to drive market growth. Liquid nitrogen and carbon dioxide are used in various applications in the food & beverages industry with frozen foods being one of them.
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Target buyers of Japan 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 Japan industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into Japan industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan industrial gases market size, by product, 2018-2030 (US$M)
Japan Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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