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 critical demand and price indicators and analyzing 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 propels the market’s expansion. The market is expanding due to the growing use of industrial gases such as argon, nitrogen, and xenon in automotive headlamps and indicator lamps. The industry is seeing substantial expansion as sheet metal for doors and the automobile body is cut using specialized gas mixes.
Automotive air conditioning heat exchangers are increasingly assembled by brazing in a regulated nitrogen or hydrogen environment, promoting the expansion of the industrial gases sector. Airbags are among the most essential parts of active safety systems because of the growing need for increased automobile safety.
Indonesia Industrial Gases Industry Definition and Major Segments
Gases produced in significant numbers for industrial usage made of elements, molecular compounds, or combinations are called industrial gases. The most popular gases utilized 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. Various industries, such as mining, oil and gas, petroleum, metals, pharmaceuticals, and nuclear power, utilize industrial gases.
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. The broad uses of industrial gases in important end-use sectors go market expansion. This includes manufacturing, pharmaceuticals, and food & beverage.
The demand for industrial gases like oxygen is significantly surging. This is due to the booming healthcare industry and the government of Indonesia’s increased efforts to improve healthcare accessibility. 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 market for industrial gases is expanding due to rising research and development (R&D) spending and quick technological improvements, particularly in the chemical and metallurgy sectors. Predictions suggest that the top businesses’ growing presence in various regions will accelerate the industrial gas market’s expansion 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, mergers, and acquisitions, among other latest developments of these market players.
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