Chile is home to the third largest industrial gases business in South America
Chile is home to the third largest industrial gases business in South America. Revenues amounted to just under $281m in 2019. This is up from approximately $184m in 2009, indicating an average annual growth rate of 4.9%, over the past decade.
Growth has been propped-up by the country’s copper mining and processing industry. The state-owned Codelco, is the largest copper producer in the world, but has recently witnessed a mild slowdown due to oversupply. However, total copper production in Chile is still three times higher than that of the second largest producer, China.
Within the 2019-2024 timeframe, gasworld business intelligence predict growth of between 3.0% p.a. in a low scenario, 4.9% p.a. in a high scenario. Accordingly, the industry in Chile is expected to achieve revenues of between $325m and $357m by 2024.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential