Indonesia Oxygen Market Report and Forecast 2024-2032
Indonesia Oxygen Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Indonesia oxygen market size reached a value of USD 603.11 million in 2023. Aided by the expanding healthcare sector and increasing industrial applications, the market is projected to further grow at a CAGR of 7.2% between 2024 and 2032 to reach a value of USD 1,132.06 million by 2032.
Oxygen, primarily produced through cryogenic distillation and Pressure Swing Adsorption (PSA) processes, is a critical commodity in various sectors. In its pure form, oxygen is heavily utilised in medical treatments, industrial processes, water treatment, and as an essential gas in the aerospace sector. The market segments include medical oxygen, industrial oxygen, and synthetic oxygen, each catering to specific requirements based on purity levels and application methods.
Indonesia's expanding healthcare sector is a significant driver of Indonesia oxygen market growth. The increasing number of hospitals and healthcare facilities, coupled with rising health awareness among the population, has heightened the demand for medical oxygen, especially in respiratory treatments and emergency care. The COVID-19 pandemic underscored the critical need for medical oxygen, leading to rapid expansion and upgrades in production facilities across the country.
As per the Indonesia oxygen market analysis, oxygen is indispensable in various industrial processes, including metal fabrication, chemical manufacturing, and pharmaceutical production. The growth of these industries in Indonesia has spurred the demand for high-purity oxygen. The steel sector, in particular, uses oxygen to enhance combustion in blast furnaces, thereby increasing efficiency and output.
There is a growing trend in using oxygen for environmental purposes, particularly in water treatment. Oxygen is used to aerate wastewater, facilitating the aerobic digestion of pollutants, which is more environmentally friendly and effective than traditional methods, propelling the Indonesia oxygen market expansion. This application is gaining traction as Indonesia focuses on improving its water quality and complying with international environmental standards.
The aerospace sector, though smaller in scale compared to the healthcare and industrial sectors, utilizes high-purity oxygen for various purposes, including life support systems in aircraft. Additionally, the aquaculture sector, which is significant in Indonesia, uses oxygen to improve water quality and support higher stocking densities, leading to increased productivity.
As per the Indonesia oxygen market outlook, the oxygen demand varies across Indonesia, with major industrial hubs like Jakarta, Surabaya, and Batam showing higher consumption rates. These regions host a significant portion of the country’s manufacturing and healthcare infrastructure. The eastern parts of Indonesia, although less industrialised, are experiencing growth in healthcare facilities, which in turn boosts the demand for medical oxygen.
There is a rising trend in the demand for portable medical oxygen systems, driven by the ageing population and the increasing prevalence of respiratory diseases. Portable systems are essential for home healthcare services, emergency medical services, and disaster response scenarios, providing vital support for patients on the move or in-home settings, and boosting the overall Indonesia oxygen market share.
The integration of Internet of Things (IoT) technology in the monitoring and management of oxygen supply chains is becoming more prevalent. IoT solutions enable real-time tracking of oxygen levels, demand forecasting, and logistics optimisation, leading to improved efficiency and safety in the delivery of oxygen, especially critical in medical settings.
Looking ahead, the oxygen market in Indonesia is set for robust growth, driven by advancements in healthcare and environmental management. Future market trends may include the development of more energy-efficient oxygen production methods and the integration of IoT technologies to monitor and manage oxygen supply systems more effectively.
Market Segmentation
The market can be divided based on form, type, application, and region.
Market Breakup by Form
Market Breakup by Type
Market Breakup by Application
- Metals and Mining
- Chemical Industry
- Oil And Gas
- Healthcare
- Pharmaceutical
- Others
Market Breakup by Region
- Capital Area (Jakarta)
- Northeast Coast of Sumatra
- Southern Ports
- Northern Shores of Java
- Western End of Surabaya
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Indonesia oxygen market. Some of the major players explored in the report by Expert Market Research are as follows:
- PT Samator Indo Gas Tbk
- PT. Linde Indonesia
- PT Air Liquide Indonesia
- PT. Indonesia Air Water
- Air Products and Chemicals, Inc.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.