South Korea Industrial Gases Market (2025-2030)
The South Korea Industrial Gases Market was valued at $1965.5 Million in 2025 and projected to reach to $2568.9 Million by 2030, representing a compound annual growth rate of 5.5%. South Korea's industrial gases market is poised for sustained growth, driven by the country's world-leading semiconductor and steel industries.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South Korea Industrial Gases Market Trends and Insights
- This growth trajectory reflects South Korea's robust manufacturing base, particularly in semiconductors, steel production, and chemical processing, which drive demand for oxygen, nitrogen, hydrogen, and specialty gases.
- South Korea's strategic position in Asia Pacific and its advanced industrial infrastructure position the country as a key market for industrial gas suppliers. The 5.5% compound annual growth rate (CAGR) for South Korea exceeds the global average of 5.1%, indicating accelerating regional demand.
- South Korea's investment in green hydrogen initiatives and carbon capture technologies is reshaping the industrial gases landscape, with government policies supporting clean energy transitions.
- South Korea's competitive manufacturing ecosystem and export-oriented industries ensure sustained demand for high-purity gases across packaging, construction, and mining applications through 2030..
Key Market Statistics
- CAGR (2025-2030) 5.5% CAGR
- Market Size, 2025 ~USD 1965.5 Million
- Forecast, 2030 ~USD 2568.9 Million
- Country South Korea
South Korea Industrial Gases Market Overview
Semiconductor-Driven Demand :
South Korea's semiconductor industry, led by Samsung and SK Hynix, is a primary driver of industrial gases consumption, particularly for oxygen, nitrogen, and specialty gases used in chip fabrication and processing.
Steel & Chemical Processing Growth :
Major steel manufacturers and chemical processors in South Korea rely heavily on industrial gases for production efficiency, with hydrogen and oxygen being critical for metallurgical and chemical synthesis applications.
5.5% CAGR Through 2030 :
South Korea's industrial gases market is projected to grow from USD 1,965.5 million in 2025 to USD 2,568.9 million by 2030, outpacing the global CAGR of 5.1% due to regional manufacturing strength.
Advanced Manufacturing Infrastructure :
South Korea's state-of-the-art manufacturing facilities and investment in green hydrogen initiatives position the country as a key market for next-generation industrial gas solutions and sustainable production technologies.
South Korea Industrial Gases Market Dynamics
- The market's expansion reflects increasing demand from advanced manufacturing sectors that require high-purity gases for precision applications.
- Government initiatives promoting hydrogen economy development and carbon-neutral manufacturing are expected to further accelerate market growth through 2030. The competitive landscape in South Korea remains dynamic, with both global gas suppliers and local players investing in capacity expansion and technological innovation.
- Rising focus on specialty gases for electronics manufacturing and growing adoption of hydrogen for industrial applications will create significant opportunities.
- Supply chain resilience and localized production capabilities will be critical competitive advantages in capturing market share within this high-value regional market..
Related Ecosystem
Bulk Chemicals And Inorganics
- Corrosion Inhibitors
- Glycol Ethers
- Acetic Acid
- Acetone
- Ammonium Nitrate
- Basf se
- DOW CHEMICAL COMPANY
- Exxon Mobil Corporation
- AZELIS HOLDINGS SA
- Sinopec limited
Energy Storage
- Energy Harvesting
- HVAC System
- Applicant Tracking System
- Battery Electric Vehicle (BEV)
- Carboxymethyl Cellulose (CMC)
- MOMENTIVE PERFORMANCE MATERIALS INC.
- Panasonic Holdings Corporation
- ABB India Limited
- Lg corp
- FDK Corporation
Industrial Gases
- Dry Cooling Tower
- HVAC System
- Heat Exchanger
- Hybrid Cooling Tower
- Industrial Refrigeration
- Linde plc
- AIR LIQUIDE
- MESSER GROUP GMBH
- Air Products and Chemicals, Inc.
- Iwatani Corporation
Key Takeaways
- South Korea's industrial gases market will grow from USD 1,965.5M (2025) to USD 2,568.9M (2030) at a 5.5% CAGR, outpacing global growth.
- South Korea's semiconductor and steel industries are primary demand drivers for specialty and bulk industrial gases.
- South Korea's government-backed hydrogen economy initiatives are creating new market opportunities for clean gas technologies.
- South Korea's advanced manufacturing capabilities and export focus ensure sustained competitive demand for high-purity industrial gases.
Industrial Gases Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | FOOD & BEVERAGES (End-Use Industry) |
| Forecast Period | 2025-2030 |
| Growth Rate | CAGR of 5.1% from 2025 to 2030 |
| Largest Segment | OXYGEN (Type) |
| Market Size Base Year (Billions) | ~USD 98.67 (2025) |
| Revenue Forecast (Billions) | ~USD 126.53 (2030) |
| Segments Covered | Type, End-Use Industry |
South Korea Industrial Gases Market Report Segmentation
2 segment dimensions are covered across the global market.
By Type
- Acetylene
- Carbon Dioxide
- Hydrogen
- Inert Gases
- Nitrogen
- Other Gases
- Oxygen
By End-Use Industry
- Chemicals
- Electronics
- Food & Beverages
- Food And Beverages
- Healthcare
- Manufacturing
- Metallurgy
- Other End-Use Industries
- Refining
Target Audience
- Industrial Gas Suppliers : Suppliers need South Korea-specific market data to optimize distribution networks, plan capacity investments, and develop targeted strategies for the semiconductor and steel sectors.
- Semiconductor Manufacturers : Semiconductor companies require detailed gas supply forecasts and market trends to secure reliable sourcing, negotiate contracts, and plan production expansion in South Korea.
- Steel & Chemical Producers : Steel and chemical manufacturers need market intelligence on gas availability, pricing trends, and supply chain dynamics to optimize production costs and ensure operational continuity.
- Investment & Private Equity Firms : Investors evaluating opportunities in South Korea's industrial sector need comprehensive market sizing, growth projections, and competitive analysis to assess investment viability and returns.
- Government & Policy Makers : South Korean government agencies and policymakers require market data to develop hydrogen economy strategies, industrial policies, and sustainability initiatives aligned with market realities.
Reasons to Buy this Report
- Semiconductor Industry Insights : Gain detailed understanding of gas consumption patterns across South Korea's semiconductor manufacturing sector, including demand forecasts for ultra-high-purity gases critical to chip production.
- Regional Market Sizing & Projections : Access precise market valuation data for South Korea (USD 1,965.5M in 2025) with segment-level forecasts through 2030, enabling accurate business planning and investment decisions.
- Competitive Landscape Analysis : Understand key players, market share distribution, and competitive strategies specific to South Korea's industrial gases sector, identifying partnership and expansion opportunities.
- Growth Driver Identification : Identify and quantify the specific drivers of South Korea's 5.5% CAGR, including steel production, chemical processing, and emerging hydrogen economy initiatives for strategic positioning.
- Regulatory & Sustainability Trends : Stay informed on South Korea's green hydrogen policies, environmental regulations, and sustainability mandates shaping industrial gas demand and creating new market opportunities.
Frequently asked questions
What is the current size of South Korea's industrial gases market?
South Korea's industrial gases market is valued at USD 1,965.5 million in 2025, with projections to reach USD 2,568.9 million by 2030.
What is the expected growth rate for South Korea's industrial gases market?
South Korea's industrial gases market is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2030, exceeding the global average.
Which industries drive demand for industrial gases in South Korea?
South Korea's semiconductor manufacturing, steel production, chemical processing, and construction sectors are the primary drivers of industrial gas demand.
How is South Korea addressing sustainability in the industrial gases sector?
South Korea is investing heavily in green hydrogen initiatives and carbon capture technologies, supported by government policies promoting clean energy transitions.
What factors differentiate South Korea's market from global trends?
South Korea's 5.5% CAGR exceeds the global 5.1% average, driven by its advanced manufacturing base, export-oriented economy, and strategic hydrogen economy investments.
RESEARCH METHODOLOGY
The study involved four key activities to estimate the current global size of the industrial gases market. Extensive secondary research was conducted to collect information on the market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizes with industry experts across the entire industrial gases value chain through primary research. Both the top-down and bottom-up methods were used to estimate the overall market size. Following that, market segmentation and data triangulation techniques were applied to determine the size of various segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Business Standard, Bloomberg, World Bank, and Factiva were used to identify and gather information for this study on the industrial gases market. These sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from the supply and demand sides of the industrial gases market were interviewed to gather qualitative and quantitative information. The primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and other key executives from leading companies and organizations operating in the industrial gases industry. The breakdown of the profiles of primary respondents is as follows:
The following is a breakdown of the primary respondents:
Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = < USD 500 million.
Other designations include sales, marketing, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the industrial gases market. These methods were also extensively employed to determine the size of various related market segments. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size were determined through primary and secondary research methods.
- All percentage shares, splits, and breakdowns were calculated using secondary sources and verified through primary sources.
- All relevant parameters influencing the markets covered in this study were considered, analyzed in detail, verified through primary research, and used to derive both final quantitative and qualitative data.
- The research includes an evaluation of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
Data Triangulation
After estimating the overall market size using the process described above, the total market was divided into several segments and sub-segments. Data triangulation and market breakdown methods were used, where applicable, to complete the overall market analysis and determine accurate statistics for all segments and sub-segments of the industrial gases market. The data was triangulated by examining various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both top-down and bottom-up approaches and confirmed through primary interviews. Therefore, three sources were used for each data segment—top-down approach, bottom-up approach, and expert interviews. The data was considered accurate when the values from all three sources matched.
Market Definition
Industrial gases are gaseous substances created and used for various industrial and commercial activities. Much of the manufacturing and delivery of industrial gases involves large-scale processes, typically through air separation, chemical reactions, or purifying natural gas sources and then separating the desired gases. Industrial gases can be delivered compressed, in liquid form, or cryogenically. They are vital to many sectors, supporting production efficiency, quality, and innovation. The delivery, handling, and supply of industrial gases require specialized equipment, infrastructure, and processes, along with strict safety, purity, and quality standards. Industrial gases play a crucial role in modern industry, enabling technological advancement, supporting economic growth, and powering various sectors worldwide.
Stakeholders
- Industrial gases producers
- Industrial gases distributors
- Raw material suppliers
- Research & development entities
- Industry associations and regulatory bodies
- End users
Report Objectives
- To estimate and forecast the industrial gases market, in terms of value
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To define, describe, and forecast the market size based on type, end-use industry, and region
- To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets for individual growth trends, prospects, and their contribution to the total market
- To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments, such as mergers & acquisitions, expansions & investments, and agreements in the industrial gases market
Get the Full Industrial Gases Market Report
Full forecast, segment splits, and company analysis for all Industrial Gases Market.
- US Industrial Gases Market
- Canada Industrial Gases Market
- Mexico Industrial Gases Market
- Germany Industrial Gases Market
- UK Industrial Gases Market
- France Industrial Gases Market
- Italy Industrial Gases Market
- China Industrial Gases Market
- Japan Industrial Gases Market
- India Industrial Gases Market
- Brazil Industrial Gases Market
- Argentina Industrial Gases Market
- South Africa Industrial Gases Market
- Rest Of Europe Industrial Gases Market
- Oceania Industrial Gases Market
- Rest Of Asia Pacific Industrial Gases Market
- GCC Countries Industrial Gases Market
- -Rest Of GCC Countries Industrial Gases Market
- Rest Of South America Industrial Gases Market
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