Malaysia Industrial Gases Market to be Dominated by Food & Beverages Sector through 2028
Malaysia
industrial gases market is expected to grow in the forecast period, 2024-2028,
due to the growing demand from the chemical & petrochemical sector.
According
to TechSci Research report, “Malaysia Industrial Gases Market- By
Region, Competition, Forecast and Opportunities, 2028”, Malaysia
industrial gases market size is anticipated to increase at a substantial rate
in the forecast period. A significant factor fueling the growth of Malaysia
industrial gases market is the increasing demand from the food and beverage
sector as industrial gases like nitrogen and carbon dioxide are used to chill,
freeze, grind, and package a variety of products including fish and sea food,
bakery and dairy items, fruits and vegetables, meat and poultry, prepared
meals, and more. Additionally, industrial gases are used in various food
processing applications, such as modified atmosphere packaging (MAP) where the
breathable atmosphere in a package is replaced with a pure gas like nitrogen or
a gas mixture to extend shelf life.
Along with this, liquid nitrogen provides
cost savings during storage, transportation, and retail display of the bottled
drinks. Moreover, carbon dioxide is frequently used in the rubber industry in
the form of dry ice for the non-abrasive cleaning of rubber molds. It is
commonly used by manufacturers of molded rubber products to reduce production
downtime and maintenance & labor costs. The use of carbon dioxide for the
cleaning of essential tools and molds in the rubber industry offers various
advantages over conventional cleaning methods resulting in enhanced growth of
Malaysia industrial gases market.
For
instance, Linde provides food-grade industrial gases which maintain
quality, variety, and freshness in the food and beverage industry.
Furthermore,
the market is being further stimulated by increasing demand from metal
production & fabrication, automotive, chemical & petrochemical,
healthcare & pharmaceutical sectors.
However,
industrial gases possess a major threat to the environment, as the release of
industrial gases into the atmosphere creates pollution, global warming, and
other hazardous effects, restraining the growth of the market. Moreover,
various regulations on reducing global warming and air contamination lead to
challenges for the growth of the market.
Browse
over XX Market Data Figures spread through XX Pages and an in-depth TOC on
the "Malaysia Industrial Gases Market.”
Malaysia
industrial gases market is segmented based on type, end user, distribution, and
region.
Based
on the type, the market is divided into nitrogen, oxygen, argon, hydrogen,
carbon dioxide, and others. Oxygen segment is expected to hold the largest
market share in the forecast period. This is due to the high demand for oxygen
due to its requirement as raw material for oxidizing and life-saving features,
and its flourishing applicability in the medical sector compared to other
industrial gases.
Based
on the end user, the market is categorized into metal production &
fabrication, automotive, chemical & petrochemical, healthcare &
pharmaceuticals, food & beverages, and others. Health care &
pharmaceuticals segment is expected to hold the largest market share in the
forecast period. Industrial gases are also used in cryotherapy, a medical
treatment that involves exposing the body to extremely low temperatures to
treat certain conditions, such as warts, skin tags, and cancerous tumors.
Based
on the distribution, the market is categorized into on-site, bulk, and cylinder.
Cylinder is expected to hold the largest market share in the forecast period.
This type of distribution is practiced by independent gas distributors by
purchasing gas from producers and compressing them in their packaging
facilities.
Major companies operating in the Malaysia industrial
gases market are:
- Air Liquide Malaysia Sdn Bhd
- Air Products Malaysia Sdn Bhd
- Ace Gases Marketing Sdn Bhd
- Linde Malaysia Sdn Bhd
- KBS Industrial Gases Sdn Bhd
- Iwatani Malaysia Sdn Bhd
- I.G. Industries Berhad
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“Malaysia
industrial gases market has seen significant growth in recent years, driven by
the increasing demand from various sectors, including metal production &
fabrication, automotive, chemical & petrochemical, healthcare &
pharmaceuticals, food & beverages, and others. The increasing demand for
energy, the expansion of manufacturing and chemical industries, the development
of infrastructure and urbanization, and the growing environmental awareness
results in rising the demand for industrial gases creating lucrative
opportunities for market growth. Additionally, subsidies and tax incentives for
industrial gas production, the growing need for industrial gases, high research
and development, innovation, and technology to enhance industrial gas
production are factors propelling the demand for the industrial gases in the
forecasted period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Malaysia
Industrial Gases Market, By Type (Nitrogen, Oxygen, Argon, Hydrogen, Carbon
Dioxide, and Others), By End User (Metal Production & Fabrication,
Automotive, Chemical & Petrochemical, Healthcare &Pharmaceuticals, Food
& Beverages, and Others), By Distribution (On-site, Bulk, and Cylinder), By
Region, Competition, Forecast and Opportunities, 2028”, has evaluated the future growth
potential of Malaysia industrial gases market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Malaysia industrial gases market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com