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Industrial Gas Manufacturing in Australia Industry Data and Analysis
The development of new products and technologies, growing environmental concerns and changing demand patterns among key markets have shaped the industry’s performance over recent years. Activity in key markets, including Australia's resources, manufacturing and healthcare sectors, has also been instrumental in the industry's performance. Many of these markets are subject to cyclical variations, which underlies the industry's highly volatile performance in recent years. Marked fluctuations in utility costs have added to the industry's volatility. Despite manufacturers’ use of escalation and pass-through clauses to recover energy and feedstock costs, recent fluctuations in the domestic price of electricity, natural gas and diesel have played havoc with industry profit margins over the past few years.
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What's included in this industry analysis
IBISWorld's research coverage on the Industrial Gas Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Industrial Gas Manufacturing industry in Australia operates under the ANZSIC industry code C1811. 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. Related terms covered in the Industrial Gas Manufacturing industry in Australia include industrial gases, noble gases, compound gases, air separation unit (asu), blue hydrogen and green hydrogen.
What's included in this industry?
Products and services covered in Industrial Gas Manufacturing industry in Australia include Bulk and liquified industrial gases, Rare gases and Other industrial gases.
What companies are included in this industry?
Companies covered in the Industrial Gas Manufacturing industry in Australia include BOC, Air Liquide Australia and Supagas.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Industrial Gas Manufacturing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Industrial Gas Manufacturing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Industrial Gas Manufacturing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Industrial Gas Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Industrial Gas Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Industrial Gas Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Industrial Gas Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Industrial Gas Manufacturing industry in Australia.
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Frequently Asked Questions
What is the market size of the Industrial Gas Manufacturing industry in Australia in 2026?
The market size of the Industrial Gas Manufacturing industry in Australia is $2.9bn in 2026.
How many businesses are there in the Industrial Gas Manufacturing industry in Australia in 2025?
There are 106 businesses in the Industrial Gas Manufacturing industry in Australia, which has grown at a CAGR of 11.3 % between 2020 and 2025.
How may import tariffs affect the Industrial Gas Manufacturing industry in Australia?
The Industrial Gas Manufacturing industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Industrial Gas Manufacturing industry in Australia?
The Industrial Gas Manufacturing industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Industrial Gas Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Industrial Gas Manufacturing industry in Australia has been declining at a CAGR of 2.4 % between 2020 and 2025.
What is the forecast growth of the Industrial Gas Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Industrial Gas Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Industrial Gas Manufacturing industry in Australia?
The biggest companies operating in the Industrial Gas Manufacturing industry in Australia are BOC, Air Liquide Australia and Supagas
What does the Industrial Gas Manufacturing industry in Australia include?
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 in Australia.
Which companies have the highest market share in the Industrial Gas Manufacturing industry in Australia?
The company holding the most market share in the Industrial Gas Manufacturing industry in Australia is BOC.
How competitive is the Industrial Gas Manufacturing industry in Australia?
The level of competition is high and steady in the Industrial Gas Manufacturing industry in Australia.
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