Australia Industrial Gases Market Report
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 1.44 Billion
Market Forecast in 2033: USD 2.50 Billion
Market Growth Rate (2025-2033): 5.70%
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.
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Australia Industrial Gases Market Trends and Drivers:
The industrial gases market in Australia keeps steadily growing with industries continuing to integrate improved gas technology in all production, processing and operational workflows. All industrial sectors, including manufacturing, mining, food and beverage, healthcare and energy, are continuously applying gases- oxygen, nitrogen, hydrogen, carbon dioxide and argon- in various applications such as metal fabrication and chemical synthesis to medical treatments and environmental control. As infrastructure projects grow at a faster pace and energy transition strategies gain momentum, the demand for specialized gas mixtures and cryogenic solutions is on the rise. This, in turn, is driven by the robust mining and metallurgy sector of Australia, in which industrial gases are essential for making extraction, refining, and preservation processes possible. Alongside this, food-grade gases are becoming essential for preserving freshness and extending shelf life, as well as improving packaging standards across the food and beverage industry.
Healthcare institutions are increasingly relying on medical gases for surgical procedures, diagnostics, and respiratory support, which is prompting suppliers to invest more in advanced storage, distribution, and safety systems. Such an increase in demand for these gases would necessitate strategic investments in localized production facilities and automated distribution networks to enhance operational efficiency, while on the other hand, sustainability goals motivate companies to innovate with cleaner, energy-efficient gas technologies.
Meanwhile, the industrial gases market in Australia enters another space in the United States where Australian gas suppliers partner with US-based partners to answer calls of growing demand for high-purity application-specific gas solutions in industries. Australian gas technologies are integrated into American manufacturing and biotechnology sectors, which drive the transpacific trade and transfer of knowledge. To US industries, the Australian industrial gases products are increasingly gaining attractiveness in terms of consistency, progressive gas purification, and environmentally conscious production. The partnerships make it feasible for the Australian companies to extend their distribution along US pipelines, cryogenic tankers, and on-site gas generators, making the logistics ecosystem much more agile and responsive. As US companies spend money on R&D for pharmaceuticals, semiconductors, and aerospace, these companies are adapting advanced gas solutions derived from Australian research institutions and industry leaders. Such convergence ensures the technological advancement and enhanced resilience of the supply chain. The shared commitment to a safe work environment, efficiency, and environmental stewardship creates long-term commercial opportunities that objectify strengthening bilateral ties and stimulating innovation in the use of industrial gas.
Accelerating the momentum across both regions is the continued thrust of decarbonization, digitalization, and industrial automation, which further opened up new avenues in terms of gas applications and integrated service models. Companies in Australia are developing and positioning themselves at the forefront of clean energy transitions concerning infrastructure for green hydrogen. Initiatives in this regard are unlocking investment flows while stimulating hydrogen-compatible gases, gas storage systems, and electrolyzer technologies. In addition, smart monitoring solutions and IoT-based gas delivery systems are being deployed across various sectors to ensure accurate consumption, designed to reduce wastage and optimize performance. Simultaneously, the increasing need for ultra-high-purity gases in semiconductor fabrication and biotechnology research, as well as renewable-energy production, is proving increasingly strategic for the Australian high-end gas processing expertise. Meanwhile, industrial gas companies are now harnessing digital platforms for demand forecasting, asset management, and customer engagement toward a seamless end-user experience. Overall, even as industries transform to conform to a low-emission, high-performance future, the Australia industrial gases market is carving its niche as one of the critical players in global industry innovation, efficiency, and sustainable industrial progression.
Australia Industrial Gases Market Industry Segmentation:
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.
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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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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