Malaysia Industrial Gases Market Size & Outlook, 2023-2030

The industrial gases market in Malaysia is expected to reach a projected revenue of US$ 1,041.5 million by 2030. A compound annual growth rate of 7.4% is expected of Malaysia industrial gases market from 2024 to 2030.
Revenue, 2023 (US$M)
$632.3
Forecast, 2030 (US$M)
$1,041.5
CAGR, 2024 - 2030
7.4%
Report Coverage
Malaysia

Malaysia industrial gases market highlights

  • The Malaysia industrial gases market generated a revenue of USD 632.3 million in 2023 and is expected to reach USD 1,041.5 million by 2030.
  • The Malaysia market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
  • In terms of segment, oxygen was the largest revenue generating product in 2023.
  • Oxygen is the most lucrative product segment registering the fastest growth during the forecast period.

Industrial gases market data book summary

Market revenue in 2023USD 632.3 million
Market revenue in 2030USD 1,041.5 million
Growth rate7.4% (CAGR from 2023 to 2030)
Largest segmentOxygen
Fastest growing segmentOxygen
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products
Key market players worldwideAir Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp

Other key industry trends

  • In terms of revenue, Malaysia accounted for 0.6% 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 Companies

Name Profile # Employees HQ Website

Malaysia 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 32.36% in 2023. Horizon Databook has segmented the Malaysia 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.


  • Malaysia Industrial Gases Product Outlook (Revenue, USD Million, 2018-2030)
    • Oxygen
    • Nitrogen
    • Hydrogen
    • Carbon Dioxide
    • Acetylene
    • Argon
    • Other Products
  • Malaysia Industrial Gases Application Outlook (Revenue, USD Million, 2018-2030)
    • Healthcare
    • Manufacturing
    • Metallurgy & Glass
    • Food & Beverages
    • Retail
    • Chemicals & Energy
    • Other Application
  • Malaysia Industrial Gases Distribution Outlook (Revenue, USD Million, 2018-2030)
    • On-Site
    • Bulk
    • Cylinder

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Target buyers of Malaysia industrial gases market databook

  • Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Malaysia industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Malaysia industrial gases market size, by product, 2018-2030 (US$M)

Malaysia Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)

Malaysia industrial gases market size, by product, 2018-2030 (US$M)

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