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

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

Commercial gases value

The Future

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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