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Industrial Gas & Basic Chemical Manufacturing in China Industry Data and Analysis
Revenue for the Industrial Gas and Basic Chemical Manufacturing industry in China is expected to grow at an annualized 8.5% over the five years through 2024, including an increase of 4.5% in the current year, to reach $135.2 billion. As the industry produces a range of chemical raw materials, its performance is largely determined by the activities of downstream manufacturing industries.Over the past five years, growth rates have varied widely among product segments. The industrial gases segment has grown rapidly, while market conditions for basic chemical have fluctuated dramatically. Industrial gas is widely used in fields of steel smelting, petroleum processing, welding and metal processing, aerospace, automobile and transportation equipment, etc. The development of those industries in China has greatly promoted the development of the domestic industrial gas industry. The industrial gases manufacturing segment has a relatively short history in China, and its share of industry revenue is expected to continue rising as its commercial applications increase.Basic chemical covers a wide range of metal and non-metal oxides, peroxides, and simple substances. There are hundreds of sub-categories. There are a large number of chemical enterprises in the industry, but small in scale, and they generally produce several categories of products in related fields. The largest proportion of companies in the industry consists of small companies that employ fewer than 100 workers.Industry revenue is forecast to grow at an annualized rate of 5.5% over the five years through 2029, to reach $176.4 billion. Fueled by the strong performance of China's manufacturing sector, the industry will continue to grow strongly. Industry profitability is also anticipated to increase as firms develop higher value-added products and implement more efficient production methods. Private enterprises are forecast to continue to be particularly active in the industrial gases and hydrogen peroxide segments due to high efficiencies, flexibility and profit. In the yellow phosphorus segment, state-owned enterprises are projected to maintain their dominant position, as most phosphate mines are operated and controlled by the government.
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What's included in this industry analysis
IBISWorld's research coverage on the Industrial Gas & Basic Chemical Manufacturing industry in China 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 & Basic Chemical Manufacturing industry in China operates under the industry code 2619. The Industrial Gas and Basic Chemical Manufacturing industry in China manufactures basic industrial chemicals used in industrial processes or manufacturing products. The industry is not involved in producing inorganic acids, alkalis and chemical fertilizers. Related terms covered in the Industrial Gas & Basic Chemical Manufacturing industry in China include air separation unit, merchant market and yellow phosphorus.
What's included in this industry?
Products and services covered in Industrial Gas & Basic Chemical Manufacturing industry in China include Industrial gases, Yellow phosphorus and Hydrogen peroxide.
What companies are included in this industry?
Companies covered in the Industrial Gas & Basic Chemical Manufacturing industry in China include Linde (China) Investment Co., Ltd., Air Liquide (China) Holding Co., Ltd. and Air Products and Chemicals (China) Investment Co., Ltd.
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 & Basic Chemical Manufacturing industry in China.
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 & Basic Chemical Manufacturing industry in China.
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 & Basic Chemical Manufacturing industry in China.
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 & Basic Chemical Manufacturing industry in China. 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 & Basic Chemical Manufacturing industry in China. 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 & Basic Chemical Manufacturing industry in China. 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 & Basic Chemical Manufacturing industry in China. 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 & Basic Chemical Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Industrial Gas & Basic Chemical Manufacturing industry in China in 2026?
The market size of the Industrial Gas & Basic Chemical Manufacturing industry in China is $135.2bn in 2026.
How many businesses are there in the Industrial Gas & Basic Chemical Manufacturing industry in China in 2025?
There are 1,703 businesses in the Industrial Gas & Basic Chemical Manufacturing industry in China, which has grown at a CAGR of 2.7 % between 2020 and 2025.
How may import tariffs affect the Industrial Gas & Basic Chemical Manufacturing industry in China?
The Industrial Gas & Basic Chemical Manufacturing industry in China 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 & Basic Chemical Manufacturing industry in China?
The Industrial Gas & Basic Chemical Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Industrial Gas & Basic Chemical Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Industrial Gas & Basic Chemical Manufacturing industry in China has been growing at a CAGR of 8.5 % between 2020 and 2025.
What is the forecast growth of the Industrial Gas & Basic Chemical Manufacturing industry in China over the next 5 years?
Over the next five years, the Industrial Gas & Basic Chemical Manufacturing industry in China is expected to grow.
What are the biggest companies in the Industrial Gas & Basic Chemical Manufacturing industry in China?
The biggest companies operating in the Industrial Gas & Basic Chemical Manufacturing industry in China are Linde (China) Investment Co., Ltd., Air Liquide (China) Holding Co., Ltd. and Air Products and Chemicals (China) Investment Co., Ltd.
What does the Industrial Gas & Basic Chemical Manufacturing industry in China include?
Industrial gases and Yellow phosphorus are part of the Industrial Gas & Basic Chemical Manufacturing industry in China.
Which companies have the highest market share in the Industrial Gas & Basic Chemical Manufacturing industry in China?
The company holding the most market share in the Industrial Gas & Basic Chemical Manufacturing industry in China is Linde (China) Investment Co., Ltd..
How competitive is the Industrial Gas & Basic Chemical Manufacturing industry in China?
The level of competition is moderate and increasing in the Industrial Gas & Basic Chemical Manufacturing industry in China.
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