IMARC Group's report titled "Asia Pacific Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032". The Asia Pacific industrial gases market size reached US$ 37.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 58.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.85% during 2024-2032.
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Asia Pacific Industrial Gases Market Trends:
The rising industrialization levels and the growing manufacturing industries are the factors contributing to the growth of the Asia Pacific industrial gases market. Additionally, the manufacturing industries, such as chemical, petrochemical, steel, healthcare, packaging, etc., are accelerating the demand for industrial gases, which is fueling the market in the Asia Pacific. In line with this, the market is also bolstered by the widespread usage of industrial gases in infrastructure developments and the growing energy projects. Furthermore, the demand for medical gases in therapeutic treatments and diagnosis is rising, as the healthcare needs are increasing with the growing aging population, which is contributing to the growth of the market.
In addition to this, to follow the environmental regulatory norms, the market is incorporating environmentally friendly technologies. Moreover, the escalating consumer environmental conscious is encouraging leading manufacturers to integrate energy-efficient and sustainable technologies, which is further creating a positive outlook for the growth of the market. Apart from this, as there is a rise in high-tech industries, such as electronics and semiconductor, the demand for speciality gas is also bolstering, which is acting as another growth-inducing factor. Besides this, to monitor and enhance the manufacturing and maintain safety, there is integration of advanced technologies, which is expected to drive the Asia Pacific industrial gases market over the forecasted period.
Asia Pacific Industrial Gases Market Report Segmentation:
Breakup by Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Breakup by Supply Mode:
- Packaged
- Bulk
- On-Site
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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