Indonesia Industrial Gases Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

The Indonesia industrial gases market attained a value of nearly USD 7.30 Billion in 2024. The market is further estimated to grow in the forecast period of 2025-2034 at a CAGR of 5.10% to reach D 12.00 Billion by 2034.

Rising Applications of Industrial Gases in Automotive Industry Propelling the Market Growth in Indonesia

The rising demand for industrial gases in the automotive industry are driving the growth of the market. The extensive utilisation of industrial gases such as xenon, nitrogen, and argon in headlamps and indicator lamps of automobiles is bolstering the growth of the market. As speciality gas mixtures are used to cut sheet metal for doors and the car body, the market is witnessing robust growth. Automotive air conditioning heat exchangers are increasingly assembled using a brazing process done in a controlled nitrogen or hydrogen atmosphere, which is bolstering the growth of the industrial gases industry. With the rising demand for enhanced safety in vehicles, airbags are one of the most crucial components of active safety systems. This, in turn, is surging the use of high-pressure argon and other rare gases to enable bag inflation at ultra-high-speed, hence invigorating the growth of the market.

Industrial Gases: Market Segmentation

Industrial gases are gases that are composed of elements, molecular compounds, or mixtures and are produced in large quantities for industrial use. Oxygen, nitrogen, hydrogen carbon dioxide, and noble gases such as argon, neon, krypton, and xenon are some of the most common types of gases used for industrial applications. These gases are produced and supplied in both gaseous and liquid forms. Cylinders and pipelines are typically used to transport these gases. Additionally, industrial gases are used in various industries, such as oil and gas, petroleum, metals, power, pharmaceuticals, mining, and nuclear power, among others.

The major types of industrial gases are:

• Nitrogen
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Helium
• Rare Gases
• Others

The market can be broadly categorised on the basis of applications into:

• Manufacturing
• Metallurgy
• Energy
• Chemicals
• Healthcare
• Electronics
• Food and Beverages
• Others

On the basis of supply mode, the market can be classified into:

• Bulk
• Packaged
• On-Site

Extensive Applications in the End-Use Industries of Industrial Gases to Augment the Market Growth in Indonesia

The market for industrial gases in Indonesia is being propelled by rapid industrialisation owing to the introduction of various favourable initiatives in the region. Hence, the wide applications of industrial gases in major end-use industries such as manufacturing, pharmaceuticals, and food and beverages, among others, is driving the market growth. With the robust growth of the healthcare sector and the increasing attempts by the Indonesian government to bolster the accessibility of healthcare, the demand for industrial gases like oxygen is significantly surging.

Advancements in packaging technologies like rapid surface chilling technology are boosting the demand for industrial gases for processing, packaging, and preservation applications. The growing expenditure on research and development (R&D) activities and rapid technological advancements, especially in the chemical and metallurgy industries, are fuelling the market growth of industrial gases. Moreover, the growing penetration of the leading companies in the region is anticipated to provide further impetus to the growth of the industrial gases industry in the forecast period.

Key Industry Players in the Indonesia Industrial Gases Market

The report presents a detailed analysis of the following key players in the Indonesia industrial gases market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• L’Air Liquide S.A. (Air Liquide)
• Linde plc
• Pt. Tira Austenite Tbk
• PT Aneka Gas Industri Tbk
• Air Products and Chemicals, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.