Strong Tech and Energy Sectors Fuel Outlook
Air Liquide predicts that South Korea will overtake Japan to become Asia’s second-largest market for industrial gases by 2035, behind only China. The company’s East Asia Pacific chief, Park Il-Yong, said the country’s expanding semiconductor, renewable energy, and advanced manufacturing industries are driving record demand for high-purity gases. The forecast coincides with Air Liquide’s $3.3 billion acquisition of DIG Airgas, a strategic deal aimed at reinforcing its presence in the Korean market.
Expansion Projects Strengthen Supply Network
In recent years, Air Liquide has ramped up investment across South Korea to meet growing industrial demand. The company has begun construction on new facilities, including a molybdenum plant in Hwaseong and a production site for rare gases such as krypton and xenon, essential for chip manufacturing. Once finalized in 2026, the DIG Airgas deal will bring an additional 60 plants and a 220-kilometer gas pipeline network under Air Liquide’s control, pending regulatory clearance.
Key Hub in Asia’s Industrial Transformation
Air Liquide views South Korea as a critical pillar in its regional growth strategy, serving as a hub for innovation in advanced materials and clean technologies. The company plans to expand its capabilities in supplying gases vital to semiconductors, batteries, and next-generation energy systems. With South Korea investing heavily in high-tech and green industries, Air Liquide expects sustained double-digit growth over the next decade.
