According to the report by Expert Market Research (EMR), the Indonesia industrial gases market size s projected to grow at a CAGR of 5.1% between 2024 and 2032. Aided by the rising demand across various industries such as healthcare, manufacturing, and food & beverage, the market is expected to grow significantly by 2032.
Industrial gases encompass a variety of gaseous materials produced in large quantities for use in various industrial processes. These gases, including oxygen, nitrogen, carbon dioxide, argon, and hydrogen, play pivotal roles in numerous industrial applications. In Indonesia, the demand for these gases has been on an upward trend due to the country’s expanding industrial sector and economic growth.
A significant driver of the Indonesia industrial gases market demand is the expanding healthcare sector in Indonesia, where gases like oxygen and nitrogen are essential for medical applications. The ongoing health crisis has further amplified the demand for medical-grade gases, especially oxygen, for respiratory care and other medical purposes.
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Additionally, the burgeoning food and beverage industry in Indonesia has contributed to the Indonesia industrial gases market growth. Gases like carbon dioxide and nitrogen are extensively used in food processing and packaging to extend shelf life and maintain product quality.
The manufacturing sector, including metal fabrication and electronics, heavily relies on industrial gases for various processes like welding, cutting, and creating controlled atmospheres. The steady growth of these industries in Indonesia has been a crucial factor in driving the demand for industrial gases.
The market is witnessing a surge in technological advancements aimed at increasing efficiency and reducing environmental impact. Innovations in gas production, such as the development of energy-efficient air separation units and the adoption of carbon capture technologies, are shaping the market dynamics.
According to the Indonesia industrial gases market analysis, the integration of digital technologies for monitoring and managing gas supply has enhanced the operational efficiency of gas providers, offering better control and reliability to end-users in various industries.
Environmental sustainability is becoming increasingly important in the industrial gases sector. Companies are focusing on reducing carbon emissions and adopting sustainable practices in production and distribution. This shift not only aligns with environmental goals but also meets the growing demand for environmentally responsible practices from consumers and industries.
Indonesia Industrial Gases Market Segmentation
The market can be divided based on type, application, and supply mode.
Market Breakup by Type
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Helium
- Rare Gases
- Others
Market Breakup by Application
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Electronics
- Food and Beverages
- Others
Market Breakup by Supply Mode
- Packaged
- Bulk
- On-Site
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Competitive Landscape of Indonesia Industrial Gases Market
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 industrial gases market. Some of the major players explored in the report by Expert Market Research are as follows:
- L’Air Liquide S.A. (Air Liquide)
- Linde plc
- Tira Austenite Tbk
- PT Aneka Gas Industri Tbk
- Air Products and Chemicals, Inc.
- Others
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