Air Liquide, SABIC, and Linde PLC are dominating the Southeast Asia Liquid Gases Market in 2022

Southeast Asia Liquid Gases Market is expected to grow with the CAGR of 7.1% in the forecast period of 2023 to 2030. The years considered for study are as mentioned below.

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Southeast Asia liquid gases market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Southeast Asia liquid gases market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In October 2022, Air Liquide invested around 500 million euros in three new plants for the semiconductor sector in Taiwan. It helped the company to expand its business network and further strengthen its presence in the Taiwan.

Air Liquide is the dominating player in the market. The other players in the market include Air Liquide, Bangkok Industrial Gas Co., Ltd., AMCS Corporation, Linde plc , Air Products and Chemicals, Inc., MESSER, Asia Industrial Gases Pte. Ltd., NIPPON SHOKUBAI CO., LTD., SASOL, SABIC.

Air Liquide

Air Liquide is headquartered in Paris, France. It was founded in 1902. The company is focused on manufacturing gases, technologies and services for industry and health. The company has product categories such as Gases, Services out of which Gases is market focused product. For instance,

• In October 2022, Air Liquide has invested around 500 million euros in three new plants for the semiconductor sector in Taiwan. It helped the company to expand their business network and further strengthening their presence in the Taiwan.
• In September, Air Liquide has been awarded with EcoVadis’Gold medal for its action on sustainability for sixth year in a row. It helped the company to improve their brand value and achieve their sustainability goals

The company has wide global presence across Europe, North America, South America, Asia -Pacific, Middle East and Africa. Subsidiaries of this company are Airgas (United States), Air Liquide Canada Inc. (Canada), Air Liquide Healthcare Pty Ltd (Europe), SEPPIC (Europe), and Hydrogenics (Canada) amongst others.

SABIC

SABIC is headquartered in Riyadh, Saudi Arabia and was founded in 1976. The company is engaged into leading among the top petrochemical industries and focused into providing products and solutions associated with polymers, specialties, chemicals and agri-nutrients among other sectors. The company has product categories, which are Polymers, Specialties, Chemicals, Agri-nutrients, Metals out of which Chemicals, is market focused product. For Instance,

• In December, 2022 A Project Development Agreement for a jointly owned petrochemical complex in the Sultanate of Oman's Special Economic Zone at Duqm (SEZAD) has been signed by SABIC, OQ, and Kuwait Petroleum International (KPI). The three companies choose to build a petrochemical complex with a natural gas liquid (NGL) extraction facility, a steam cracker, and derivative units. The project will be developed with distinctive qualities that make it globally competitive and lucrative for all three partners by doing the appropriate investigations and working together leveraging their wealth of technical and commercial experience. This will help SABIC to get better consumer base.

The company has wide global presence across Asia-Pacific, North America, South America, Europe, Middle East and Africa. Subsidiaries of this company are SABIC Luxembourg S. A. R. L. (SLUX) (Luxembourg), SABIC Industrial Investments Co. (SIIC) (Saudi Arabia), Arabian Petrochemical (Saudi Arabia), Gulf Coast Growth VentureLLC (“GCGV”) (U.S.A.) and Saudi Butanol Company (SABUCO) (Saudi Arabia) among others.

Linde PLC

Linde PLC is headquartered in Wiesbaden, Germany and was founded in 1879. The company is focused on manufacturing industrial gases. The various products of the company include Aquaculture solutions and services, Atmospheric gases, Electronic gases and chemicals, Energized solutions for oil and gas industry, food chilling and cooling, food freezing, food grade gases, fuel gases, fumigants, gas mixtures, heat treatment, packaged chemicals ,pharmaceutical solutions, plant and pipeline services, plastic and rubber solutions, pulp and paper application equipment, refining solutions, refrigerants, shielding gases, specialty gases and equipment, welding and safety products, supply mode out of which Atmospheric Gases, Food chilling, Food Freezing, Food Grade Gas is market focused product.

For Instance,

• In January 2023, Linde has acquired the remaining interests in nexAir, LLC as linde has held a minority interest in nexair since 2012. Now they have purchases the remaining 77.2%. It helped the company to expand their business network and further strengthening their presence in the south eastern U.S.

The company has wide global presence across North America, South America, Europe, Middle East and Africa, Asia-Pacific. Subsidiaries of this company are Praxair (U.S.), Linde Gas & Equipment Inc. (U.S.), Lincare Holdings (U.S.), African Oxygen Ltd. (U.S.), and Linde Canada Inc. (U.S) amongst others.