$4.2bn
$XXX.Xm
2,155
98
$XXX.Xm
The development of new products and technologies, growing environmental concerns and changing demand patterns among key markets have shaped industry performance in recent years. Activity in key markets, including Australia's resources, manufacturing and healthcare sectors, has also been instrumental in the industry's growth. These markets are subject to cyclical variations and underlie the industry's volatile performance.
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $4.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
BOC | 938.2 | |
Air Liquide Australia | 430.0 | |
Wesfarmers | 257.0 |
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Industry revenue is measured across several distinct product and services lines, including Bulk and liquified industrial gases, Rare gases and Other industrial gases. Bulk and liquified industrial gases is the largest segment of the Industrial Gas Manufacturing in Australia.
Demand for bulk and liquefied industrial gases has flourished thanks to the popularity of hydrogen
The industry manufactures industrial organic and inorganic gases in compressed, liquid or solid forms. These include atmospheric gases (oxygen, nitrogen and argon), non-atmospheric gases (carbon dioxide, helium, hydrogen and acetylene), rare gases (neon, krypton and xenon) and medicinal gases.
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ANZSIC 1811 - Industrial Gas Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry is a small but significant part of Australia's chemical sector, producing a range of organic and inorganic gases which are used as feedstocks and production input...
Learn about an industry's products and services, markets and trends in international trade.
Industry manufacturers produce industrial organic and inorganic gases in compressed, liquid and solid forms. These gases are either extracted from the air by a process of sep...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers benefit from proximity to consumers and infrastructure. Industrial gas manufacturers located near customers or with good transportation links leverage lower tra...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
With the exception of specialty gases, most industry products are commodities. This means buyers often make purchasing decisions based on price and service quality. Industry ...
Learn about the performance of the top companies in the industry.
Small-scale manufacturers dominate the industry in terms of numbers. In addition to the local subsidiaries of the two major global players, BOC and Air Liquide, the industry ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies in the industry must meet environmental standards, like maximum emission levels. Other relevant regulations include the various state Clean Air Acts and Ozone Prote...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry's major global players have fully integrated operations covering manufacturing, distributing, wholesaling and retailing industrial gases. This gives them substan...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Industrial Gas Manufacturing industry in Australia is $4.2bn in 2024.
There are 98 businesses in the Industrial Gas Manufacturing industry in Australia, which has grown at a CAGR of 22.2 % between 2019 and 2024.
The market size of the Industrial Gas Manufacturing industry in Australia has been growing at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Industrial Gas Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Industrial Gas Manufacturing market in Australia are BOC, Air Liquide Australia and Wesfarmers
Manufacture of air gases such as nitrogen, oxygen and argon and Manufacture of noble gases including helium, argon, krypton, neon and xenon are part of the Industrial Gas Manufacturing industry.
The company holding the most market share in Australia is BOC.
The level of competition is high and steady in the Industrial Gas Manufacturing industry in Australia.