The commercial industrial gases market in Australia is estimated to have generated revenues of just over $1.0bn in 2015. This is up from $768m in 2005, indicating an average annual growth rate of 2.8% for the decade.
Australia benefits from a highly developed and successful free-market economy. Between 2005 and 2015 GDP grew by an average of 5.4% p.a. or 2.7% when adjusted for inflation. This displays solid growth over the last decade, with the country steering clear of a recession during the worst years of the financial crisis.
Australia’s industrial gas sector is dominated by two companies that between them control almost 90% of the market. The biggest by some degree is Linde/BOC Australia.
Report Data: 2018
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
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