The commercial industrial gases market in the United Kingdom is estimated to have generated revenues of $2.2 billion in 2014. This is up from $1.7 billion in 2004, indicating an average annual growth rate of 2.2% for the decade.
The industrial gas sector in the United Kingdom is dominated by three companies who between them control around 95% of the market. The biggest by far is BOC/The Linde Group (with approximately 55% of the market) and this is historically also the country’s most important industrial gas player. Other companies with a sizeable presence include Air Products (26%) and Air Liquide (15%). The remaining companies with recordable market share include Yara, Dominion (Praxair) and SOL – each of which have around 1-2%.
Market share by company
Sales of nitrogen generated the largest share of revenues - around 28%. Hydrogen generated a further 18%, with oxygen and argon both acounting for around 17% each. The CO2 business produced just under 10% of the market, predomintaly linked to sales to the food and beverage sector.
Commercial gases value
Within the 2015-2020 timeframe, our forecast models predict growth from 1.2% p.a. in a low scenario to 2.9% p.a. in a high scenario. Accordingly, the industry in the United Kingdom is expected to achieve revenues of between $2.42 billion to $2.71 billion by 2020.
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When Chancellor of the Exchequer George Osbourne last week revealed his final Budget before May’s UK general election, he claimed Britain was ‘walking tall again’ after five years of austerity. But what does industry in the country make of the latest Budget, and its impact upon future growth?
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.6% p.a. in a low scenario to 4.6% p.a. in a high scenario. Accordingly, the industry in United Kingdom is expected to achieve revenues of between $1.91bn to $2.01bn by 2023.
Effective October 1, 2015, or as contracts permit, Air Products have increased product pricing and monthly service charges for merchant customers in North America – involving a range of gases.
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