Focus on North & South Pacific Rim (2022)


As I reflected in the foreword for the recently released Global Overview 2022 report from gasworld Business Intelligence, when it comes to the global structure of the gases industry, some things seldom change. In 2022 the three largest regional markets for industrial gas were North America (led by the US), the North Pacific Rim and Europe – cumulatively accounting for more than 80% of the global gases business.

Yet there is so much more to the story of that regional industrial gas triumvirate over the last two decades and when it comes to our region in focus this month, the North and South Pacific Rim, the devil is very much in the detail of its march forward and the path of growth ahead.

At the turn of the century, for example, whilst Japan may have already been home to one of the world’s foremost and mature gases markets, all eyes were on the expected growth in the Chinese gases industry. By the 2010’s that market was firmly in the ascendency, while Japan’s industrial gases sector had arguably long since plateaued; and against this backdrop, the developing economies of Southeast Asia have been quietly carving out promising industrial gas markets of their own, with all eyes on their expected future potential.

In the shape of the North and Pacific Rim industrial gas markets, we also have a region in focus that’s home to a number of existing and future electronics and specialty gas hubs, our cover theme this month. Here in this article, we dive deeper into the fundamentals of a range of the region’s core industrial gas markets and future hotspots, with gasworld Business Intelligence.

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