Australia Industrial Gases Market

Australia Industrial Gases Market Overview:

The Australia industrial gases market size reached USD 1.44 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.50 Billion by ​2033​, exhibiting a growth rate (CAGR) of 5.70% during 2025-2033. The market is driven by the expansion of manufacturing and industrial sectors, the increasing demand for sustainable and green technologies like hydrogen and carbon capture, and technological advancements in gas distribution systems, which enhance efficiency, reduce costs, and ensure more reliable gas delivery across industries.

Australia Industrial Gases Market Trends:

Expansion of Manufacturing and Industrial Sectors

Australia's industrial gases market is growing, influenced by the growth of manufacturing and industrial activities. Demand for gases like oxygen, nitrogen, and carbon dioxide in sectors including steel, food processing, and chemicals is increasing. As the nation shifts toward boosting its industrial output and diversifying production, especially in advanced manufacturing, demand for industrial gases increases. This growth is supplemented by the use of automation, which increases production efficiency, further increasing the demand for different gases for welding, cutting, and chemical reactions. The government's initiative for infrastructure development and industrial innovation is also a contributing factor.

Focus on Sustainability and Green Technologies

The transition to sustainability is a major impetus in the Australia industrial gases market. With industries and consumers becoming more environmentally conscious, there is greater emphasis on gases that facilitate green technologies like hydrogen for energy storage, carbon capture, and renewable energy applications. The government's initiative for net-zero emissions by 2050 has propelled investment in technologies that minimize carbon footprints, such as the application of industrial gases in cleaner production technology development. The demand for gases such as carbon dioxide in carbon capture technology and hydrogen for clean energy generation places the market on the path of significant change towards sustainability in the years to come.

Technological Advancements in Gas Distribution Systems

Advancements in technology for gas distribution systems are reshaping Australia's industrial gases market. Introduction of better gas handling, storage, and delivery technologies with higher efficiency and safety standards lowers the operational cost and boosts operational efficiency. Integration of digital technologies like automation and real-time monitoring is making supply chain management more efficient, minimizing downtime, and enabling accurate delivery of gas to industries. This trend is especially important in industries such as healthcare and manufacturing, where a continuous supply and tight quality control are essential. In addition, improvements in cryogenic technologies for the liquefaction of gases are making it more economic to transport industrial gases, particularly into remote areas in Australia.

Australia Industrial Gases Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, application, and supply mode.

Type Insights:

• Nitrogen
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes nitrogen, oxygen, carbon dioxide, argon, hydrogen, and others.

Application Insights:

• Manufacturing
• Metallurgy
• Energy
• Chemicals
• Healthcare
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes manufacturing, metallurgy, energy, chemicals, healthcare, and others.

Supply Mode Insights:

• Packaged
• Bulk
• On-Site

The report has provided a detailed breakup and analysis of the market based on the supply mode. This includes packaged, bulk, on-site.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

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.

Australia Industrial Gases Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia industrial gases market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia industrial gases market on the basis of type?
• What is the breakup of the Australia industrial gases market on the basis of application?
• What is the breakup of the Australia industrial gases market on the basis of supply mode?
• What is the breakup of the Australia industrial gases market on the basis of region?
• What are the various stages in the value chain of the Australia industrial gases market? 
• What are the key driving factors and challenges in the Australia industrial gases market?
• What is the structure of the Australia industrial gases market and who are the key players?
• What is the degree of competition in the Australia industrial gases market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia industrial gases market from ​2019-2033​.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia industrial gases market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia industrial gases industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.