The Asia Pacific industrial gases market, valued at USD 34.22 Billion in 2025, is projected to grow at a CAGR of 5.46% during 2026-2035, reaching USD 58.23 Billion by 2035.
Base Year
Historical Period
Forecast Period
According to GOI, India consumes about 5 MMT of Hydrogen annually with 99% utilisation in ammonia manufacturing and petroleum refining.
According to the IEA, nitrogen use as maritime fuel will reach 203 MT by 2050, and Asia Pacific will fuel this growth.
According to the WEF, the Japanese Government allocated 2023 JPY 2 trillion in 2022 to support domestic semiconductor production.
Compound Annual Growth Rate
5.46%
Value in USD Billion
2026-2035
*this image is indicative*
With increasing investments by governments and FII in electronics, packaging, and beverage manufacturing there is a rapid rise in the production of industrial gases across these sectors. Many industrial gases like oxygen act as a lifeline for industries which involve combustion. Recent advancements in technology and new industry openings across different sectors are boosting the Asia Pacific industrial gases market.
India and China ranked in the top 3 in terms of land area in the Asia-Pacific, with about 50-60% of this land being used for agricultural practices. Fertiliser is one such key element that plays an important role in this agricultural sector. Hydrogen gas acts as an active ingredient in the manufacturing of fertilisers, thus generating demand for industrial gases in the Asia Pacific.
Companies can now benefit from schemes like Make in India and the 2030 hydrogen mission in the Asia Pacific, allowing companies to use incentives for better production capability and price positioning in the market.
DEMAND OF NITROGEN IN ASIA PACIFIC FORECAST (STATED POLICIES SCENARIO) 2020-2050
Technological innovations and advancements, hydrogen as a green fuel, disinfecting agents, and medical applications are fueling the Asia Pacific industrial gases market.
With recent advancements in manufacturing processes, gases like helium, nitrogen and hydrogen are playing a pivotal role in complex processes like photolithography in the manufacturing of semiconductors.
With an increasing focus on reducing carbon emissions, fuel cells are the most suitable alternative for power generation compared to traditional fossil fuels.
Ozone, with its quick decomposing property and aggressive nature, allows it to act as a disinfecting agent for water, laundry, food, and air.
With an increasing ageing population in developed countries and rising cases of Chronic obstructive pulmonary disease (COPD), there is a large demand for respiratory therapy which involves oxygen as its major component.
As Asia Pacific contains the 3 major fastest economies of the world, there is rapid growth in the number of industries in the manufacturing sector. With an increasing demand for superior processes across these manufacturing companies, there is a significant increase in the use of industrial gases.
Incentive schemes by Governments act as fillers for companies to increase their production capacity and reach net zero emission levels. In Asia Pacific, the industrial gas market is driven by advancements in manufacturing processes and sustainability.
Asia Pacific Industrial Gases Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Supply Mode
Market Breakup by Country
With recent advancements in manufacturing space, there is a need for specialized gases like argon, carbon dioxide, and nitrogen in industries like semiconductors, food beverages and others boosting the Asia Pacific industrial gases market growth.
Argon and carbon dioxide play an important role in welding applications, as they act as shielding agents due to their inert nature.
Oxygen plays a crucial role in steel manufacturing as it provides better combustion, increasing the efficiency of the overall process.
Nitrogen, due to its inert nature, is best suited for the deposition process for producing high-quality semiconductors. With the increase in demand for carbonated beverages, carbon dioxide finds its application in wine, beer, and soda beverages.
The Asia Pacific industrial gases market growth is propelled by the manufacturing sector, where these gases are crucial for maintaining precise conditions, improving safety, and optimizing production processes across diverse industries.
Industrial gases find their application in cryogenic cooling, purging, and welding applications across various industries.
Governments across countries are looking to further reduce emissions by introducing new regulations. With strict norms, companies have started to look for alternatives, and hydrogen, due to its abundance, is the best alternative available on the market. The rising demand for a sustainable future is attributable to the growth of the industrial gas market in Asia and the Pacific.
The Asia Pacific industrial gases market share is boosted by the advancements in technology and modernising of the traditional distribution channel.
Certain industries require on-time delivery of gases, so they prefer to have onsite production as any delay in delivery of gases can hamper the whole manufacturing process.
Manufacturing industries across different sectors don't have specialised gas production, and they require huge volumes of gases to perform certain production processes. All these factors are promoting the growth of the industrial gas market in Asia and the Pacific.
With rapid economic growth in this region, fuelled by the economic growth of companies like India, China, Japan, and ASEAN nations, there is rapid industrialization in this region, with many companies opening their manufacturing plants across the region. The industrial gas market is expanding at a rapid pace due to its application in these industries.
According to the IEA, Asia Pacific produces 1649.71 MT of carbon dioxide emissions through natural gas. As of 2021, high levels of carbon emissions contribute significantly to rising temperatures in this region. Hydrogen can reduce this emission by reducing the carbon footprint in this region.
Asia Pacific industrial gases market development is supported by strong government policies and investments with a vision to become net zero are creating a strong push for green hydrogen production in this region.
Market players are driving Asia Pacific industrial gases market growth by offering air-conditioning devices at competitive pricing and offering additional health benefits to their consumers.
Linde plc., founded in 1879, has its headquarters in the United Kingdom and serves customers with its industrial gases across healthcare, petroleum refining, manufacturing, food, beverage carbonation and water treatment industries.
Messer Asia Pacific, Inc., established in 1898, and headquartered in Bad Soden, Germany, supplies various industrial gases including oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, and shielding gases for industrial applications.
Matheson Tri-Gas was established in 1927 having its headquarters in the United States supplies industrial gases for various industries including medical, chemical, and electronic manufacturers.
Air Products and Chemicals, Inc., established in 1940, is headquartered in the United States. Offering a variety of industrial gas options from generalized gases to on-demand specialized gases
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other Asia Pacific industrial gases market key players are L’AIR LIQUIDE S.A, Iwatani Corporation, and Nippon Sanso Holding Corporation among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 34.22 Billion in 2025.
The market is projected to grow at a CAGR of 5.46% between 2026 and 2035.
The revenue generated from the industrial market in Asia Pacific is expected to reach USD 58.23 Billion in 2035.
Technological innovations and advancements, hydrogen as a green fuel, disinfecting agents, and medical applications are key factors driving the industrial market growth.
The industrial gas market is categorized based on the supply mode into packaged, bulk, and on-site supply modes.
The key players in the Asia Pacific market are Linde plc., Messer Asia Pacific, Inc., Matheson Tri-Gas, Air Products and Chemicals, Inc., L’AIR LIQUIDE S.A, Iwatani Corporation, and Nippon Sanso Holding Corporation among others.
The market is broken down into China, Japan, India, ASEAN, and Australia, among others.
Based on the application in the industry the industrial gases found their application in manufacturing, metallurgy, energy, healthcare, chemicals, and others.
Based on the type, industrial gases are divided into nitrogen, oxygen, carbon dioxide, argon, hydrogen and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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| Breakup by Application |
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| Breakup by Supply Mode |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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