The new report by Expert Market Research titled, ‘Indonesia Industrial Gases Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Indonesia industrial gases market, assessing the market based on its segments like types, application, and supply mode. 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.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 6.80%
Many developing and developed nations have seen an increase in the rate of urbanisation and industrialisation, which has shaped the industrial gas market. Rapid expansion in new setup of new facilities for manufacturing, refining, and processing has been a result of urbanisation and industrialisation. The existence of major key players in the region is also driving the market growth. Increasing spending on research and development, resulting in technological advancement, also fuels the market growth. It also attracts more investment in this sector. Increasing application of industrial gases in many industries, such as metals and mining, and food and beverage and automotive, amongst others, is fuelling the demand for industrial gases.
Industry Definition and Major Segments
Industrial gases are gaseous materials used by corporate clients. These gases are manufactured for industrial use. Industrial gases are valued with reactivity, coldness, and inverness properties. These properties are utilised to produce speciality products, protect and maintain product quality, and lower operating of various industries for metals manufacturing and fabrication, petroleum refining, chemicals and pharmaceuticals manufacture, and production of electronic equipment, among others. Production of these gases is a part of chemical industry.
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The various types of industrial gases include:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
The major applications of the product are:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
The market can be broadly categorised on the basis of its supply mode into:
- Packaged
- Bulk
- On-Site
Market Trends
Use of industrial gases in medical facilities is the market trend. Various types of gases are used for different purposes. Medical air, ultra-clean, dry, purified, colourless, odourless, non-flammable gas containing nitrogen, oxygen, and argon, is used in the ICU and NICU areas, medical air is supplied by a specific air compressor to patient care areas. Oxygen is used for resuscitation and inhalation therapy. It is one such type of gas required in most healthcare settings. Carbon dioxide is used for less invasive surgeries. Nitrogen is used for cryosurgery removal of some cancers and skin lesions. Nitrous oxide is used in several surgical procedures as both an anesthetic and analgesic. These are some of the uses of few gases that make industrial gases an indispensable part of healthcare.
Key Market Players
The major players in the market are Air Liquide, Linde AG, Pt. Tira Austenite Tbk, PT Aneka Gas Industri Tbk, and PT. MATESU ABADI, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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