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.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Product Mode of Distribution |
| Regional scope | Northern region, Central region, and Southern region |
| Key companies profiled | 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. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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
- Oxygen
- 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).
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Table of Content
- Product Overview
- Research Methodology
- Analyst View
- Voice of Customer
4.1. Overall Brand Satisfaction Level
4.2. Brand Satisfaction Level wrt Availability
4.3. Brand Satisfaction Level wrt Mode of Distribution
4.4. Brand Satisfaction Level wrt Pricing
4.5. Brand Satisfaction Level wrt Sales Service
- Vietnam Industrial Gases Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Product (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Helium)
5.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
5.2.3. By Region (North, South, Central)
5.2.4. By Company (2021)
5.3. Market Attractiveness Index
5.3.1. By Product
5.3.2. By Mode of Distribution
- Vietnam Oxygen Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Application (Metallurgy, Light Engineering Industry, Medical and Others)
6.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
6.2.3. By Region
6.3. Price Point Analysis
- Vietnam Nitrogen Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Application (Pharma & Chemical Industry, Metallurgy, Petrochemical and Others)
7.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
7.2.3. By Region
7.3. Price Point Analysis
- Vietnam Hydrogen Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Application (Refinery, Chemical and Petrochemicals, Fuel & Atomic Power Generation, Metallurgical & Metal Processing, Hydrogenation of Fats and Oils and Others)
8.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
8.2.3. By Region
8.3. Price Point Analysis
- Vietnam Carbon Dioxide Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Application (Chemical & Petrochemical, Food & Beverages, Welding, Healthcare and Others)
9.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
9.2.3. By Region
9.3. Price Point Analysis
- Vietnam Argon Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Application (Welding, Metallurgy and Others)
10.2.2. By Mode of Distribution (Tonnage, Bulk and Packaged)
10.2.3. By Region
10.3. Price Point Analysis
- Vietnam Helium Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share & Forecast
11.2.1. By Type (Liquid and Gaseous)
11.2.2. By Application (Saturation Diving, Ballooning, MRI, NMR and Others)
11.2.3. By Mode of Distribution (Bulk and Packaged)
11.2.4. By Region
11.3. Price Point Analysis
- Market Dynamics
12.1. Drivers
12.2. Challenges
- Market Trends & Developments
- Value Chain Analysis
- Channel Partner Analysis
- Policy & Regulatory Landscape
- Vietnam Economic Profile
- Competitive Landscape
18.1. Competitive Benchmarking
18.2. Company Profiles
18.2.1. Messer Vietnam Industrial Gases Co. Ltd
18.2.2. Air Liquide
18.2.3. Linde Vietnam
18.2.4. Taiyo Nippon Sanso Vietnam
18.2.5. Iwatani Corporation
18.2.6. SIG Vietnam
18.2.7. Osaka Gas
18.2.8. North Vietnam Industrial Gases Ltd.
- Strategic Recommendations