Indonesia Industrial Gases Market Report and Forecast 2023-2028

Indonesia Industrial Gas Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Indonesia industrial gas market attained a value of USD 7690.5 million in 2022. Aided by the expanding applications of industrial gases in various sectors, the market is projected to further grow at a CAGR of 5.1% between 2023 and 2028 to reach a value of USD 10376.68 million by 2028.

Industrial gases are a group of gases that are specifically produced for use in various industries, such as manufacturing, healthcare, electronics, and chemicals, among others. These gases include oxygen, nitrogen, hydrogen, carbon dioxide, and specialty gases like helium, argon, and acetylene. Industrial gases are primarily used for processes like welding, cutting, cooling, heating, and combustion control, as well as in applications like air separation, cryogenics, and gasification. The growth of the Indonesia industrial gas market is driven by the increasing demand for industrial gases in the manufacturing sector. The country has witnessed a surge in investments for the development of its manufacturing infrastructure, leading to an increased demand for various industrial gases. Oxygen, nitrogen, and hydrogen are extensively used in the manufacturing of metals, chemicals, and other products to enhance process efficiency, reduce emissions, and improve product quality.

Another key factor propelling the growth of the Indonesia industrial gas market is the expanding healthcare sector in the country. These gases are used for various applications like anaesthesia, respiratory therapy, and sterilisation of medical equipment. The growing population, rising prevalence of chronic diseases, and increasing investments in healthcare infrastructure are expected to fuel the demand for industrial gases in the healthcare sector. The electronics industry is also a significant contributor to the growth of the Indonesia industrial gas market. The rapid growth of the electronics industry in Indonesia, driven by increasing domestic demand and government initiatives to promote local manufacturing, is expected to boost the consumption of industrial gases in the sector.

Moreover, the food and beverage industry in Indonesia has witnessed robust growth in recent years, leading to an increased demand for industrial gases like carbon dioxide and nitrogen. These gases are used for various applications like carbonation, packaging, and freezing of food products, helping to extend their shelf life and maintain their freshness. The rising consumer preference for packaged and frozen foods, along with the expansion of the food processing industry, is anticipated to drive the growth of the Indonesia industrial gas market.

Market Segmentation

The market can be divided on the basis of type, application, and supply mode.

Market Segregation by Type:

• Nitrogen
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Helium
• Rare Gases
• Others

Market Division by Application:

• Manufacturing
• Metallurgy
• Energy
• Chemicals
• Healthcare
• Electronics
• Food and Beverages
• Others

Market Breakup by Supply Mode:

• Bulk
• Packaged
• On-Site

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Indonesia industrial gas companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• L’Air Liquide S.A. (Air Liquide)
• Linde plc
• Pt. Tira Austenite Tbk
• PT Aneka Gas Industri Tbk
• Air Products and Chemicals, Inc.
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.