Vietnam Industrial Gases Market By Product (Oxygen {Metallurgy, Light Engineering Industry, Medical and Others}, Nitrogen {Pharma & Chemical Industry, Metallurgy, Petrochemical and Others}, Hydrogen {Refinery, Chemical and Petrochemicals, Fuel & Atomic Power Generation, Metallurgical & Metal Processing, Hydrogenation of Fats and Oils and Others}, Carbon Dioxide {Chemical & Petrochemical, Food & Beverages, Welding, Healthcare and Others}, Argon {Welding, Metallurgy and Others} and Helium {Saturation Diving, Ballooning, MRI, NMR and Others}), By Mode of Distribution (Tonnage, Bulk and Packaged), By Region, Competition Forecast & Opportunities, 2027

Vietnam industrial gases market value in the year 2021 was USD385 million, that is anticipated to further grow with a CAGR of 7.5% during the forecast years, 2023-2027. Rising demands from the end use industries for the industrial gases is the most important factor driving the growth of the Vietnam industrial gases market in the upcoming five years. Growing demands for oxygen and helium in the healthcare sector for supplying them to artificially ventilated patients. Moreover, expanding end use industries like metallurgy, chemical industry, pharmaceutical industry, etc. further supports the growth of the Vietnam industrial gases market in the next five years.

Industrial gases are the gaseous compounds that are usually manufactured or produced in industries through various chemical processes. Industrial gases are used in multiple industries that includes oil & gas industry, petrochemical, medicine, pharmaceutical industry, power industry, mining, metallurgy, fuel, food & beverage, biotechnology, agriculture, etc. The industrial gases are volatile substances in their pure form and high concentrations. Special concerns and standards are maintained for the storage, transport, and usability of the industrial gases.

Wide Applications Promises Market Growth

Growing demands for the industrial gases are largely from the various end use industries like healthcare, metallurgy, petrochemical, etc. The consumption of industrial gases in the end use industries ensures the growing dependability and thus supports the growth of the Vietnam industrial gases market in the upcoming five years. Moreover, growing number of manufacturing units, factories that manufacture industrial gases are also increasing in the country. These manufacturers are from Japan, South Korea, China, Taiwan, Malaysia and Singapore that are consistently penetrating the Vietnam market to set up their local manufacturing units and the increasing sales are further aiding the production of the same and driving the growth of the Vietnam industrial gases market in the next five years.

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Market Segmentation

The Vietnam industrial gases market is segmented by product, mode of distribution, competitional landscape, and regional distribution. Based on product, the market is bifurcated into oxygen, nitrogen, hydrogen, carbon dioxide, argon and helium. The further discussion is based on the applications of each industrial gases. Oxygen has application in metallurgy, light engineering industry, medical and others. Nitrogen has applications in pharma & chemical industry, metallurgy, petrochemical and others. Hydrogen has applications in refinery, chemical and petrochemicals, fuel & atomic power generation, metallurgical & metal processing, hydrogenation of fats and oils and others. Carbon dioxide has applications in chemical & petrochemical, food & beverages, welding, healthcare and others. Argon has applications in welding, metallurgy and others. There are two type forms of helium, liquid and gaseous and it has applications in saturation diving, ballooning, MRI, NMR and others. Based on mode of distribution, the market is also fragmented into tonnage, bulk and packaged. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and Southern region.

Company Profile

Messer Vietnam Industrial Gases Co. Ltd., Air Liquide, Linde Vietnam, Taiyo Nippon Sanso Vietnam, Iwatani Corporation, SIG Vietnam, Osaka Gas, North Vietnam Industrial Gases Ltd., among others is a partial list of major market players of the companies responsible for the growth of Vietnam industrial gases market.

Report Scope:

In this report, Vietnam industrial gases market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Industrial Gases Market, By Product & Applications:
• Oxygen
• Metallurgy
• Light Engineering Industry
• Medical
• Others
• Nitrogen
• Pharma & Chemical Industry
• Metallurgy
• Petrochemical
• Others
• Hydrogen
• Refinery
• Chemical and Petrochemicals
• Fuel & Atomic Power Generation
• Metallurgical & Metal Processing
• Hydrogenation of Fats and Oils
• Others
• Carbon Dioxide
• Chemical & Petrochemical
• Food & Beverages
• Welding
• Healthcare
• Others
• Argon
• Welding
• Metallurgy
• Others
• Helium (Liquid & Gaseous)
• Saturation Diving
• Ballooning
• MRI
• NMR
• Others
• Vietnam Industrial Gases Market, By Mode of Distribution:
• Tonnage
• Bulk
• Packaged
• Vietnam Industrial Gases Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam 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).