Asia-Pacific remains a two-tier industrial gas market in many respects, with three global majors accounting for about half of sector revenues – mainly delivering gases for multinationals – while APAC-centric champions dominate the home-market access.
The insight comes from gasworld Intelligence analysis of the region’s 2024 and long-term data. The research also showed that China and Japan continue to lead the way as the dominant markets in Asia-Pacific, with India growing strongly and looking poised to leapfrog South Korea and move into third place soon.
“Our latest analysis gives a good sense of how things are developing,” said gasworld Managing Editor Christian Annesley. “Countries like China, India, Japan, South Korea, and Southeast Asian nations are key players in the market, of course, but the profile of each country market is quite different, reflecting contrasts in scale and geography as well as different stages of industrial maturity.”
APAC today accounts for the largest share of global industrial gas consumption, driven by its vast industrial base, rapid urbanisation, and continued infrastructure expansion.
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