Vietnam Industrial Gases Market: Growth Outlook to 2031
Explore the Vietnam Industrial Gases Market, including oxygen demand, high-purity gases, tonnage supply, hydrogen opportunities, and market outlook to 2031.
The Vietnam Industrial Gases Market is becoming a core enabler of Vietnam’s industrial expansion. Oxygen, nitrogen, argon, hydrogen, carbon dioxide, and specialty gases support steelmaking, fabrication, electronics, chemicals, refining, healthcare, food processing, and advanced manufacturing.
The market was valued at USD 260.38 million in 2025 and is projected to increase to USD 336.17 million by 2031. It is expected to grow at a CAGR of 4.35% during 2026–2031, supported by manufacturing investment, foreign direct investment, electronics production, semiconductor activity, industrial-zone development, and demand for reliable bulk-gas supply.
Industrial gases are gases produced, purified, compressed, liquefied, blended, or delivered for use in manufacturing, healthcare, energy, chemicals, metallurgy, electronics, and other commercial applications. They are supplied in cylinders, liquid bulk tanks, pipelines, or through on-site production plants.
The Vietnam Industrial Gases Market includes oxygen, nitrogen, argon, hydrogen, carbon dioxide, helium, acetylene, specialty gases, and high-purity gas mixtures. These gases are essential to welding, cutting, inerting, heat treatment, chemical processing, semiconductor fabrication, medical care, refrigeration, food packaging, refining, and laboratory operations.
Unlike many industrial inputs, gases often need continuous and dependable supply. A production interruption at a steel mill, electronics facility, hospital, or chemical plant can create immediate operational risk. As a result, suppliers increasingly compete on reliability, technical service, supply redundancy, and infrastructure—not only on price.
The Vietnam industrial gases market is forecast to grow from USD 260.38 million in 2025 to USD 336.17 million by 2031. The market is expected to expand at a CAGR of 4.35% during 2026–2031.
Key market highlights include: