The commercial industrial gases market in Slovakia came to $145m in 2014. This is up from $69m in 2004, indicating an average growth rate of 7.7% p.a. over the decade.
The industrial gases business in Slovakia is dominated by four companies who between them control almost 90% of the market. Of these four, Messer and Linde are by far the largest, holding the commanding shares of around 38% and 35% respectively. Of the other major international companies, both Air Products and Air Liquide are present within the Slovakian market, but account for a much smaller share of 9% and 6% respectively. Other companies that operate in Slovakia include the Italian based region player SIAD, who have been operational in the country since 1998. Messer also holds the majority share in a joint venture with Slovnaft, a refining company based in Bratislava.
In terms of value, packaged supply accounted for over half of the market, with an estimated share of 51%. The second preferred mode was bulk supply, generating around 35% of revenues. There is pipeline and onsite supply infrastructure in place for a variety of gases including nitrogen, oxygen and hydrogen. We estimate that this method of supply only accounted for around 11%.
Within the 2015-2020 timeframe, our forecast models predict growth from 3.6% p.a. in a low scenario to 4.4% p.a. in a high scenario. This should see the industry in Slovakia achieve revenues of between $190 million to $207 million by 2020.