The new report by Expert Market Research titled, ‘Indonesia Industrial Gases Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the Indonesia industrial gases market, assessing the market based on its segments like Type, Application, and Supply mode, among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Indonesia Industrial Gases Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 7.30 billion
• Forecast CAGR (2023-2028): 5.1%
• Forecast Market Size (2028): USD 9.87 billion
The automotive industry’s growing need for industrial gases is propelling the market’s expansion. Owing to the growing use of industrial gases such as argon, nitrogen, and xenon in automotive headlamps and indicator lamps, the market is expanding. The industry is seeing strong expansion as sheet metal for doors and the automobile body is cut using specialised gas mixes.
The assembly of automotive air conditioning heat exchangers is increasingly done by brazing in a regulated nitrogen or hydrogen environment, which is promoting the expansion of the industrial gases sector. Airbags are among the most important parts of active safety systems because of the growing need for increased safety in automobiles.
Indonesia Industrial Gases Industry Definition and Major Segments
Gases produced in significant numbers for industrial usage that are made of elements, molecular compounds, or combinations are referred to as industrial gases. The most popular gases utilised in industrial settings are oxygen, nitrogen, hydrogen, carbon dioxide, and noble gases such as argon, neon, krypton, and xenon.
Both liquid and gaseous versions of these gases are produced and supplied. Usually, these gases are transported by cylinders and pipes. Industrial gases are also employed in several sectors, including mining, oil and gas, petroleum, metals, medicines, and nuclear power, among others.
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The major types of industrial gases are:
• Carbon Dioxide
• Rare Gases
The market can be broadly categorised on the basis of applications into:
• Food and Beverages
On the basis of supply mode, the market can be classified into:
Indonesia Industrial Gases Market Trends
Due to the implementation of several advantageous initiatives in the area, growing industrialization is driving the market for industrial gases in Indonesia. Therefore, the market expansion is being driven by the broad uses of industrial gases in important end-use sectors including manufacturing, pharmaceuticals, and food & beverage, among others.
The demand for industrial gases like oxygen is significantly surging due to the booming healthcare industry and the government of Indonesia’s increased efforts to improve healthcare accessibility. The need for industrial gases is increasing due to improvements in packaging technologies such as rapid surface chilling technology for processing, packaging, and preservation applications.
The market for industrial gases is expanding as a result of rising research and development (R&D) spending and quick technological improvements, particularly in the chemical and metallurgy sectors. Additionally, it is predicted that the increasing regional penetration of the top businesses would accelerate the expansion of the industrial gases market throughout the forecast period.
Key Market Players
The major players in the market are:
- L’Air Liquide S.A. (Air Liquide)
- Linde plc
- Pt. Tira Austenite Tbk
- PT Aneka Gas Industri Tbk
- Air Products and Chemicals, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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