Nation Poised for Rapid Industrial Growth
South Korea is on track to surpass Japan and become Asia’s second-largest industrial gases market by 2035, according to Air Liquide. Park Il-Yong, head of the company’s East Asia Pacific division, said the country’s expanding semiconductor, clean energy, and mobility sectors will accelerate demand for high-tech gas solutions. The projection follows Air Liquide’s $3.3 billion acquisition of DIG Airgas, a move designed to strengthen its foothold in one of the region’s fastest-growing economies.
Expansions Cement Air Liquide’s Local Presence
Air Liquide has been ramping up investment in South Korea to align with the nation’s industrial transformation. Recent projects include a molybdenum plant in Hwaseong and new production facilities for rare gases such as krypton and xenon, both vital for semiconductor manufacturing. The DIG Airgas takeover will add 60 production sites and a 220-kilometer pipeline network to Air Liquide’s operations, with the deal expected to be completed by 2026, pending approval from regulators.
Strategic Role in Asia’s Industrial Future
The company views South Korea as a central hub in its regional growth strategy, citing the nation’s technological leadership and robust manufacturing base. Air Liquide aims to support the next wave of industrial innovation by providing advanced materials and gas systems tailored to emerging industries. As South Korea deepens its role in the global semiconductor and green energy supply chains, the company anticipates strong, sustained demand across its business lines.
