Australia Industrial Gases Market Size Expands at Steady CAGR of 4.11% to Reach Value of USD 4.65 Billion by 2030

Published | 12 March 2024

Australia Industrial Gases Market is flourishing because of the expansion of the mining and construction sectors and a growing need for alternate energy sources.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia Industrial Gases Market size at USD 2.21 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Australia Industrial Gases Market size to expand at a CAGR of 4.11% reaching a value of USD 4.65 billion by 2030. The thriving manufacturing sector, which includes the food and beverages, machinery, and equipment industries, as well as the growing demand for alternative energy sources, are significant growth factors for the Australia Industrial Gases Market. By volume, BlueWeave estimated the Australia Industrial Gases Market size at 0.11 billion tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Australia Industrial Gases Market size to expand at a CAGR of 4.95% reaching the volume of 0.24 billion tons by 2030.

Opportunity: Growing demand for industrial gases in packaging industry

Industrial gases have wide range of applications, including packaging, coolant, cutting & welding, laboratories, and others (air separation and cryogenic). The packaging segment accounts for the highest market share owing to its prominent use in the food and beverages industry. Sensitive items, including food, are packed inside a modified atmospheric setting using a packing gas. Typically, the gas utilized is inert or of a kind that preserves the integrity of the packaged items by preventing undesirable chemical reactions like oxidation or food spoilage.

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Australia Industrial Gases Market

Segmental Coverage

Australia Industrial Gases Market – By Mode of Distribution

Based on the mode of distribution, the Australia Industrial Gases Market is segmented into tonnage, packaged, and bulk. The packaged segment holds the largest share in the Australia industrial gases market. Most industrial gases are sold in gas cylinders. Cylinders enhance convenience and ease of transportation as well as storage and handling, which makes them the preferred mode of distribution in the industrial gas market. However, the bulk segment also covers substantial market growth, since many industries, such as the oil and gas sector, require high amounts of industrial gases.

Competitive Landscape

Major players operating in the Australia Industrial Gases Market include Coregas, Linde plc, BASF SE, Air Products and Chemicals, Inc., SOL Spa, Air Liquide, and Kleenheat. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Australia Industrial Gases Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Australia Industrial Gases Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Australia Industrial Gases Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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