The industrial gas market in Asia-Pacific will outpace global growth in the years ahead, as hi-tech and health markets surge ahead in the region. But it is the North Pacific part of the region – China, Japan, South Korea, and Taiwan – that will continue to dominate and drive that growth story to 2030.
The assessment was made by Aiden Sparrowhawk, Data Intelligence Director for GWGI, in his presentation on the first morning of conference sessions at gasworld’s Asia-Pacific Industrial Gas Conference 2025, taking place in Bangkok this week.
Sparrowhawk said the opportunity in the region was clear, in a context where today three global majors account for about half of sector revenues – mainly delivering gases for multinationals – while APAC-centric local champions dominate home-market sales.
Growth from the opportunity in delivering for Taiwan’s electronics industry is one example of where growth will flow from in the years ahead, said Sparrowhawk, with growth there of 21% expected in the years to 2030.
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