Asia Pacific Industrial Gases market size & insights

As per recent study by 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.

What are the key drivers in the Asia Pacific Industrial Gases market?

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.

Electrolyzer Scale Economies Enabling Merchant Hydrogen Trade

Asia Pacific’s growing electrolyzer manufacturing base is rapidly reducing green hydrogen capital cost curves. For instance, the global electrolyzer market value is projected to grow from USD3.5 billion in 2024 to USD14.7 billion by 2034, implying steep cost declines. As producers in China and Korea scale, merchant hydrogen trade routes open across regional corridors, catalyzing demand for high-purity compression, storage, and grid blending gases (such as argon, helium, nitrogen). This new merchant hydrogen-led demand layer overlays and augments legacy industrial gas markets, especially in export-oriented corridors. The rapid build-out of electrolyzer parks in Inner Mongolia and Shandong is already spurring new procurement contracts for oxygen and nitrogen supply.

Boost your company's decisions by getting a free sample right away-  https://www.marknteladvisors.com/query/request-sample/industrial-gases-market-asia-pacific

What are the key segments in the Asia Pacific Industrial Gases market?

The Asia Pacific Industrial Gases is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• 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

View Full Report (All Data, In One Place) https://www.marknteladvisors.com/research-library/industrial-gases-market-asia-pacific (Explore in-depth analyses, technological trends, and investment patterns.)

How does geographical analysis highlight in the Asia Pacific Industrial Gases market?

By Region

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Taiwan
• Rest of Asia Pacific

Who are the key players in Asia Pacific Industrial Gases market?

• Air Liquide
• Air Products and Chemicals Inc.
• Asia Technical Gas Co Pte Ltd
• BASF
• Bhuruka Gases Ltd
• Goyal MG Gases Pvt Ltd
• Hangzhou Oxygen Plant Group Co Ltd (Hangyang)
• Iwatani Corporation
• Linde plc
• Yingde Gases Shanghai
• Others

Key pillars of the research methodology include:

·       Scope & research design – clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample selection & data collection – representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data analysis & validation – rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & finalization – predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for markntel advisors.

Why This Markntel Advisors Research Report:

• In-depth market analysis: understand trends and dynamics shaping growth.
• Segmented insights: target specific segments for focused strategies.
• Geographical performance: assess market opportunities by geographic area.
• Emerging technologies: discover advancements like ai integration.
• Risk identification: pinpoint challenges to inform strategic planning.
• Future forecasts: prepare for market changes with actionable projections.

Gain exclusive access to our comprehensive insights on the Asia Pacific Industrial Gases market. With tailored licensing options, including mini report pack, excel data pack, single user, multiuser, and enterprise packs, our research empowers organizations to navigate dynamic market trends effectively.

Select a license that matches your business requirements with instant offer - https://www.marknteladvisors.com/pricing/industrial-gases-market-asia-pacific

Our trusted experts are here to help:

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.

Related Reports:

https://www.prnewswire.com/news-releases/france-engineering-plastics-market-size-to-surge-at-4-5-cagr-during-2026-32-top-companies-arkema-domo-chemicals-solvay-celanese-corporation-basf--others--markntel-advisors-302596828.html

Reach Us:

Markntel advisors

Office No.109, h-159, sector 63, Noida, Uttar Pradesh-201301, India

Contact No: +91 8719999009

Email: sales@marknteladvisors.com

Visit our website: https://www.marknteladvisors.com

We’re always open to sharing insights, exploring ideas. Follow us to stay updated on the latest news and industry trends.