Exploring Liquid Gases: Properties, Applications, and Transformative Insights into Fluid Dynamics and Industrial Innovations

The Southeast Asia liquid gases market is a dynamic sector characterized by the production, distribution, and utilization of various liquefied gases. These gases, including liquefied natural gas (LNG), nitrogen, oxygen, and carbon dioxide, play crucial roles in diverse industries such as manufacturing, energy, and food processing. The market is driven by growing industrialization, infrastructure development, and the demand for clean energy sources. The liquid gases market in Southeast Asia is poised for further growth, reflecting the region's economic development and the ongoing transition towards cleaner and more efficient industrial processes.

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Data Bridge Market Research analyses that the Southeast Asia Liquid Gases Market, which was USD 2,912,778.87 thousand in 2022, is expected to reach USD 5,042,237.33 thousand by 2030 and is expected to undergo a CAGR of 7.1% during the forecast period from 2023-2030. Southeast Asia's strategic location catalyzes trade and investments, vital for the liquid gases market. Positioned at the crossroads of global commerce, it fosters regional economic growth and development in this crucial sector.

Key Findings of the Study

Growing use of respiratory treatment in the medical sector is expected to drive the market's growth rate

Respiratory treatment in the medical sector is crucial, with oxygen therapy playing a vital role. Stored as a cold liquid, liquid oxygen enables efficient storage and release as a gas for patients with low blood oxygen levels. Additionally, hyperbaric oxygen therapy employs a pressurized chamber, facilitating the absorption of pure oxygen into the lungs and aiding healing in conditions where infections are prevalent, especially in cases of severe respiratory issues and lung diseases.

Report Scope and Market Segmentation

Segment Analysis:

The Southeast Asia liquid gases market is segmented on the basis of type

• On the basis of type, the Southeast Asia liquid gases market is classified into three segments liquid nitrogen, liquid oxygen and liquid

Major Players

Data Bridge Market Research recognizes the following companies as the major Southeast Asia liquid gases market players in Southeast Asia liquid gases market are MESSER (Germany), Asia Industrial Gases Pte. Ltd. (Singapore), NIPPON SHOKUBAI CO., LTD. (Japan), SASOL (South Africa), SABIC (Saudi Arabia)

Market Developments

• In January 2023, Linde Plc completed the acquisition of the remaining 77.2% stake in nexAir, LLC, consolidating its position after holding a minority interest since 2012. This strategic move enhances Linde's business network, particularly in the southeastern U.S., fostering expanded operations and a strengthened market presence, thereby solidifying its role as a key player in the region
• In December 2022, SABIC, OQ, and Kuwait Petroleum International (KPI) signed a Project Development Agreement for a joint petrochemical complex in Oman's Duqm Special Economic Zone. The complex, featuring a natural gas liquid (NGL) extraction facility, steam cracker, and derivative units, aims for global competitiveness. Joint efforts leverage technical and commercial expertise, ensuring a lucrative venture that enhances SABIC's consumer base through strategic investigations and cooperation
• In October 2022, Maire Tecnimont S.p.A. disclosed that its subsidiary, Tecnimont S.p.A., secured a USD 380 million EPC contract from SONATRACH's Direction Centrale Engineering & Project Management. The contract involves establishing an LPG extraction plant in northeastern Algeria's Rhourde El Baguel oil and gas treatment complex. This strategic project underscores Maire Tecnimont's pivotal role in enhancing Algeria's energy infrastructure
• In October 2022, Air Liquide strategically invested 500 million euros in establishing three cutting-edge plants for the semiconductor sector in Taiwan. This significant move expanded the company's business network and reinforced its strong presence in the region. The investment underscores Air Liquide's commitment to advancing the semiconductor industry and capitalizing on Taiwan's growing technological landscape

Regional Analysis

Geographically, the countries covered in the Southeast Asia liquid gases market report are Cambodia, Myanmar, Malaysia, Thailand, Vietnam, Indonesia, Philippines, Singapore

As per Data Bridge Market Research analysis:

Indonesia is estimated to be the fastest-growing region in Southeast Asia liquid gases market during the forecast period 2023-2030

Indonesia is expected to dominate the Southeast Asia liquid gases market, propelled by substantial investments in the medical and chemical sectors. The nation's strategic focus on industrial growth and advancements in healthcare infrastructure positions it as a key player. With a robust commitment to the medical and chemical industry, Indonesia is poised to lead in meeting the rising demand for liquid gases, thereby shaping the regional market landscape and fostering economic development.

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