Malaysia industrial gases market is anticipated to grow significantly rate in the projected period of 2028. This growth is driven by the increasing demand from the chemical and petrochemical sectors. In 2022, the sales value of manufactured industrial or medical gases in Malaysia was worth approximately USD 450.75 million.
Malaysia industrial gases market is expected to expand during the projected period due to an increasing demand from the chemical and petrochemical sector as it is used in various industrial applications such as metal fabrication and chemical production. Industrial gases are gaseous materials that are manufactured for use in industry. Industrial gases such as oxygen, nitrogen, argon, and acetylene play an indispensable role in all industrial fields supporting modern society, including steel production, automobiles, construction, shipbuilding, food as well as industrial gases, which includes electronic material gases for the electronics industry. Moreover, the increase in consumption of industrial gases such as carbon dioxide in the rubber industry in the form of dry ice for the non-abrasive cleaning of rubber molds is accelerating the growth of the Malaysia industrial gases market in the projected period.
Malaysia industrial gases market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. Along with this, mergers and acquisitions in the industrial gases market enhances companies' presence in the region as these acquisitions help companies to better serve their customers and meet the growing demand for industrial gases in Malaysia in the forecasted period.
For instance, Air Liquide strengthened its position in Malaysia with the acquisition of Southern Industrial Gases Sdn Bhd in October 2019.
Rising Demand for Industrial Gases from the Chemical and Petrochemical Sector
Industrial gases manufacturers is involved in the production and distribution of gases such as oxygen, nitrogen, and helium, which are used in a wide range of industrial applications such as metal fabrication, and chemical production. This industry is driven by factors such as industrial production, economic growth, and environmental regulations. The chemical and petrochemical industries are substantial users of industrial gases, which play a critical role in their production processes. The industrial gases in chemical and petrochemical industries are used for different purposes. Nitrogen is used in the chemical and petrochemical industries for various applications, such as blanketing and purging of storage tanks and pipelines, inerting of reactors, and cooling of process streams. Oxygen is used in the chemical and petrochemical industries for various applications, such as oxidation reactions and combustion processes as well as used in wastewater treatment to enhance the efficiency of biological treatment systems.
Moreover, hydrogenation reactions, desulfurization of crude oil and natural gas, and fuel for power generation, are among various applications of chemical and petrochemical industries where hydrogen is needed. Additionally, carbon dioxide is used in the chemical and petrochemical industries for various applications, like a feedstock to produce chemicals, such as urea and methanol, and as a cooling agent. Apart from these, other industrial gases such as helium and argon are also used in the chemical and petrochemical industries for various applications, such as cooling and purging. Therefore, industrial gases are essential for the chemical and petrochemical industries, and their use is critical for efficient and safe production processes, thereby propelling the demand for industrial gases, resulting in increasing the demand of Malaysia industrial gases market in the upcoming years.
For instance, Linde AG uses oxygen in oxygen enrichment technology which is used for sulfur processing in Claus units and in the regeneration section of fluid catalytic cracking units (FCCU).
Moreover, many manufacturing industries employ industrial gases for various applications.
For instance, Air Products announced that it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park and will extend the pipeline network in Penang, Malaysia to serve the fast-growing demand from the electrical, electronics and other manufacturing industries.
Therefore, the increasing demand from the chemical & petrochemicals sectors have led to the growth of Malaysia industrial gases market in the projected year.
Growing Demand from Healthcare & Pharmaceuticals Industry
The pharmaceutical industry relies on industrial gases in various stages of drug development and manufacturing. In addition to this, industrial gases such as nitrogen are flushed into the packaging of various medications to extend their shelf life and to ensure their quality and integrity as well as used in the digital printing of pharmaceutical packaging. Thus, having a nitrogen generator is ideal for pharmaceutical packaging. Furthermore, carbon dioxide is also used in the pharmaceutical industry, for the purification of active ingredients.
For instance, Air products produce liquid nitrogen that is used for the efficient granulation of live microbial strains, such as probiotics and starter cultures in the pharmaceutical industry, resulting in enhancing pellet product quality.
Moreover, the healthcare industry is one of the key end-users of industrial gases, using them in various medical applications, such as respiratory therapy, anesthesia, and cryosurgery. Respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis are becoming increasingly common in Malaysia due to environmental factors such as air pollution and smoking. Industrial gases such as oxygen are used in respiratory therapy to provide oxygen to patients who have difficulty breathing due to respiratory disorders as well as improve oxygen levels in patients with respiratory diseases. Oxygen is also used in anesthetic procedures as well as used in life support systems for critically ill patients, such as those in intensive care units (ICUs). These systems deliver a high concentration of oxygen to the patient's lungs, which helps improve their breathing and can save their life. Additionally, nitrogen is 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. In cryotherapy, liquid nitrogen is applied directly to the affected area, which freezes and destroys the abnormal tissue. Along with this, carbon dioxide is used in hospitals as a component of respiratory therapy and as a coolant in surgical procedures.
For instance, Linde, a global industrial gases and engineering company, extended innovative mobile packaged oxygen (portable oxygen) to the medical fraternity and hospitals in Malaysia.
Moreover, Helium is used in hospitals to cool MRI machines and as a component of respiratory therapy. A hospital with an MRI machine may use approximately 50 cubic meters of helium per day as well as helium is used in the pharmaceutical industry, in the development of drug delivery systems, such as inhalers. Additionally, industrial gases are also used in the production and testing of medical devices, such as pacemakers and stents.
All these factors dominate the growth of the Malaysia industrial gases market in the forecast years.
Ongoing Technological Advancements
Advances in gas separation technologies have enabled the production of ultra-pure industrial gases with high levels of purity and reliability which play an important role in the manufacturing processes in the electronics and semiconductor industries. Along with this, cryogenic technologies have enabled the production and storage of industrial gases at very low temperatures, which has opened new applications in areas, such as medical and scientific research, food freezing, and rocket propulsion. Thus, an increase in technological advancements drives innovation and dominates the demand of the Malaysia industrial gases market in the projected period.
However, industrial gases such as methane, carbon dioxide, and others possess a major threat to the environment, as the release of industrial gases into the atmosphere creates pollution, global warming, and other hazardous effects resulting in restraining the growth of the market. Moreover, various regulations on reducing global warming and air contamination lead to challenges for the growth of the industrial gases market.
Recent Development
- In 2023, Air Liquide signed a record 52 new contracts for the on-site production of gases for its Industrial Merchant business line in 2022.
- In 2023, Air Products to build new Nitrogen plants and extend the pipeline network in Penang, Malaysia.
- In 2021, Air Liquide finalized the acquisition of the biggest oxygen production site in the world in Secunda, South Africa.
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Market Segmentation
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. Based on the end user, the market is categorized into metal production & fabrication, automotive, chemical & petrochemical, healthcare & pharmaceuticals, food & beverages, and others. Based on distribution, the market is fragmented into on-site, bulk, and cylinder. Based on region, the market is segregated into East Malaysia and West Malaysia.
Company Profiles
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, and B.I.G. Industries Berhad are some of the key players in Malaysia industrial gases market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecast, Company shares, competitive landscape, growth factors, and trends
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Segments Covered
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Type
End User
Distribution
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Region Scope
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East Malaysia,
West Malaysia
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Key Companies Profiled
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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, B.I.G. Industries Berhad
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Customization Scope
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10% free report customization with purchase. Addition
or alteration to country, regional & segment scope.
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Pricing and Purchase
Options
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Avail customized
purchase options to meet your exact research needs.
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report
Scope:
In this report,
Malaysia industrial gases market has been segmented into the following
categories, in addition to the industry trends, which have also been detailed
below:
- Malaysia Industrial Gases Market,
By Type:
- Nitrogen
- Oxygen
- Argon
- Hydrogen
- Carbon Dioxide
- Others
- Malaysia Industrial Gases Market,
By End User:
- Metal Production & Fabrication
- Automotive
- Chemical & Petrochemical
- Healthcare & Pharmaceuticals
- Food & Beverages
- Others
- Malaysia Industrial Gases Market,
By Distribution:
- Malaysia Industrial Gases Market,
By Region:
- East Malaysia
- West Malaysia
Competitive
landscape
Company
Profiles: Detailed
analysis of the major companies in Malaysia industrial gases market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Malaysia
industrial gases market is an upcoming report to be released soon. If you wish
early delivery of this report or want to confirm the date of release, please
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