Asia Pacific Specialty Gas Market Size & Outlook

The specialty gas market in Asia Pacific is expected to reach a projected revenue of US$ 8,997.5 million by 2028. A compound annual growth rate of 11.4% is expected of Asia Pacific specialty gas market from 2024 to 2028.
Revenue, 2023 (US$M)
$5,249.7
Forecast, 2028 (US$M)
$8,997.5
CAGR, 2024 - 2028
11.4%
Report Coverage
Asia Pacific

Asia Pacific specialty gas market highlights

  • The Asia Pacific specialty gas market generated a revenue of USD 5,249.7 million in 2023.
  • The market is expected to grow at a CAGR of 11.4% from 2024 to 2028.
  • In terms of segment, carbon gases was the largest revenue generating product in 2023.
  • Ultra-High Purity Gases is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2028.

Asia Pacific data book summary

Market revenue in 2023USD 5,249.7 million
Market revenue in 2028USD 8,997.5 million
Growth rate11.4% (CAGR from 2023 to 2028)
Largest segmentCarbon gases
Fastest growing segmentUltra-High Purity Gases
Historical data covered2016 - 2022
Base year for estimation2023
Forecast period covered2024 - 2028
Quantitative unitsRevenue in USD million
Market segmentationUltra-High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases
Key market players worldwideAir Products & Chemicals Inc, Air Liquide SA, Linde PLC, Nippon Sanso Holdings Corp, Wesfarmers Ltd, Resonac Holdings Corp

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 45.7% of the global specialty gas market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 8,997.5 million by 2028.

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Specialty Gas Market Companies

Name Profile # Employees HQ Website

Asia Pacific specialty gas 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 specialty gas market will help companies and investors design strategic landscapes.


Carbon gases was the largest segment with a revenue share of 26.22% in 2023. Horizon Databook has segmented the Asia Pacific specialty gas market based on ultra-high purity gases, noble gases, carbon gases, halogen gases covering the revenue growth of each sub-segment from 2016 to 2028.


  • Asia Pacific Specialty Gas Product Outlook (Revenue, USD Million, 2016-2028)
    • Ultra-High Purity Gases
    • Noble Gases
    • Carbon Gases
    • Halogen Gases
    • Others
  • Asia Pacific Specialty Gas Application Outlook (Revenue, USD Million, 2016-2028)
    • Manufacturing
    • Electronics
    • Healthcare
    • Institutions
    • Others

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Target buyers of Asia Pacific specialty gas market databook

  • Our clientele includes a mix of specialty gas 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 continent-level data and insights on the Asia Pacific specialty gas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific specialty gas market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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Asia Pacific specialty gas market size, by country, 2016-2028 (US$M)

Asia Pacific Specialty Gas Market Outlook Share, 2023 & 2028 (US$M)

Asia Pacific specialty gas market size, by country, 2016-2028 (US$M)

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