Asia Pacific Industrial Gases Market Trends: Growth, Share, Value, Size, and Analysis By 2032

As per MarkNtel Advisors The Asia Pacific Industrial Gases Market size is valued at around USD 40.58 billion in 2025 and is projected to reach USD 52.93 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.46% during the forecast period, i.e., 2026-32.

Asia Pacific Industrial Gases Market Systems Market Outlook:

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Asia Pacific Industrial Gases Market Systems Market Segmentation:

By Gas

-Nitrogen – Market Size & Forecast 2020-2032, USD Million

-Oxygen – Market Size & Forecast 2020-2032, USD Million

-Carbon dioxide – Market Size & Forecast 2020-2032, USD Million

-Argon – Market Size & Forecast 2020-2032, USD Million

-Hydrogen – Market Size & Forecast 2020-2032, USD Million

-Helium – Market Size & Forecast 2020-2032, USD Million

-Acetylene – Market Size & Forecast 2020-2032, USD Million

-Others – Market Size & Forecast 2020-2032, USD Million

By Application

-Combustion and process oxygen – Market Size & Forecast 2020-2032, USD Million

-Welding and metal fabrication – Market Size & Forecast 2020-2032, USD Million

-Inerting blanketing and heat treating – Market Size & Forecast 2020-2032, USD Million

-Cryogenics and liquefaction – Market Size & Forecast 2020-2032, USD Million

-Chemical synthesis and hydrogenation – Market Size & Forecast 2020-2032, USD Million

-Purging and purifications – Market Size & Forecast 2020-2032, USD Million

-Analytical and calibration – Market Size & Forecast 2020-2032, USD Million

By Supply Mode

-Packaged Gas Supply (Merchant Sales) – Market Size & Forecast 2020-2032, USD Million

-Bulk or Liquid Gas Supply – Market Size & Forecast 2020-2032, USD Million

-Onsite Generation or Pipeline Supply – Market Size & Forecast 2020-2032, USD Million

-Gas-as-a-Service Model – Market Size & Forecast 2020-2032, USD Million

By End-User Industry

-Oil and Gas – Market Size & Forecast 2020-2032, USD Million

-Petrochemicals and Chemicals – Market Size & Forecast 2020-2032, USD Million

-Power and Energy – Market Size & Forecast 2020-2032, USD Million

-Mining, Steelmaking, Metals – Market Size & Forecast 2020-2032, USD Million

-Healthcare – Market Size & Forecast 2020-2032, USD Million

-Food and Beverages – Market Size & Forecast 2020-2032, USD Million

-Fertilizers – Market Size & Forecast 2020-2032, USD Million

-Others – Market Size & Forecast 2020-2032, USD Million

By Region

-India

-China

-Japan

-South Korea

-Australia

-New Zealand

-Taiwan

-Rest of Asia Pacific.

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Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/industrial-gases-market-asia-pacific

Asia Pacific Industrial Gases Market Drivers:

Industrial Densification Around Downstream Hydrogen Hubs

Rapid clustering of ammonia, methanol, and refining complexes in Indonesia, Malaysia, and Singapore is catalyzing on-site industrial gas demand. For instance, Southeast Asia’s hydrogen demand reached 4 Mt in 2024, with Indonesia accounting for over one third, driving captive hydrogen, nitrogen, and oxygen infrastructure needs. These clusters prioritize local low-carbon production to reduce import dependence and logistical cost, creating long-term contracts for industrial gas suppliers. Vertical integration strategies by chemical majors further tighten supply lock-ins, making industrial gas provision a strategic enabler of regional value chain localization. The growing cross-border industrial corridors under the ASEAN Power Grid and regional hydrogen partnerships are expected to further intensify long-term gas infrastructure investments.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Asia Pacific Industrial Gases Market are:

Air Liquide, Air Products and Chemicals Inc., Asia Technical Gas Co Pte Ltd, BASF, Bhuruka Gases Ltd, Iwatani Corporation, Linde plc, 

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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About us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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