Australia Industrial Gases Market Overview
Market Size in 2024: USD 1.44 Billion
Market Forecast in 2033: USD 2.50 Billion
Market Growth Rate: 5.70% (2025-2033)
According to the latest report by IMARC Group, the Australia industrial gases market size was valued at USD 1.44 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 2.50 Billion by 2033, exhibiting a CAGR of 5.70% from 2025-2033.
Australia Industrial Gases Industry Trends and Drivers:
The industrial gases market in Australia is currently experiencing substantial growth, driven by the expansion of various manufacturing and industrial sectors across the country. As industries such as food and beverages, chemicals, and metals continue to grow, the demand for industrial gases like oxygen, nitrogen, and argon is rising significantly. These gases are essential for a wide range of applications, including welding, metal production, and healthcare. The increasing demand for industrial gases is closely tied to the country's ongoing industrial development, with key sectors striving to enhance productivity and operational efficiency. As the industrial landscape evolves, companies are increasingly relying on advanced gas technologies to meet the needs of these sectors, further accelerating the market's expansion.
Technological advancements in gas distribution systems are also playing a critical role in shaping the market's growth. Innovations in cryogenic and non-cryogenic technologies are improving the efficiency of gas delivery systems, ensuring a more reliable and cost-effective supply of industrial gases across various applications. The development of more sophisticated gas storage and transportation solutions is also contributing to the market’s expansion. These advancements are not only reducing operational costs but also addressing the challenges of scalability and delivery reliability, particularly for industries located in remote or geographically challenging regions. Additionally, the ability to offer gases on-demand is further enhancing the accessibility and convenience of these products for businesses, strengthening the demand across the market.
Sustainability and environmental concerns are increasingly driving the demand for green and sustainable technologies, such as hydrogen production and carbon capture. These innovations are attracting significant investments, as both private and public sectors seek to reduce carbon footprints and transition to more environmentally friendly solutions. The growing adoption of hydrogen as an energy source for industrial processes is one of the most notable trends in the Australian industrial gases market. As the market for clean and renewable energy continues to expand, industrial gases are becoming essential for various energy production methods, fostering a positive outlook for future growth. This shift towards sustainable energy solutions is likely to shape the industrial gases landscape for years to come, positioning Australia as a leader in the adoption of green technologies.
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Australia Industrial Gases Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Application Insights:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Supply Mode Insights:
- Packaged
- Bulk
- On-Site
Regional Insights:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Australia Industrial Gases Market News:
- In April 2024, Oxair introduced a new underground rental nitrogen generator designed for use in mining operations at any depth. This innovation eliminates the need for a complex network of piping to deliver nitrogen, offering significant cost savings for mining companies. The generators enhance safety by inerting the air in mine shafts and promote efficiency by generating gases on-site, reducing transportation costs and environmental impact associated with delivering raw materials over long distances.
- In February 2024, EnergyAustralia and GE Vernova launched Australia's first dual-fuel power plant, the Tallawarra B Power Station in New South Wales. The plant uses a blend of natural gas and 5% green hydrogen, aiming for full hydrogen integration by 2025. This 320 MW facility enhances grid reliability, replaces part of the Liddell coal plant’s capacity, and offers rapid startup capabilities while reducing emissions with hydrogen use.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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