China is the second largest industrial gas market in the world, after the US. In 2013, we estimate that the marketplace generated upwards of $8 billion in revenues, with all of the major international industrial gas companies represented and a number of increasingly important regional and local companies playing an ever bigger part in the marketplace.
Though there are some clouds on the horizon, it remains the case that China’s economy is one of a select few in the world to consistently post GDP annual growth in excess of 7%.
This has upsides significant for the industrial gas sector, with strong volume growth predicted within the tonnage market as well as within the market for bulk and packaged gas. With many remaining captive-owned and operated gas production assets, it is clear that there is a large captive-to-onsite conversion potential in China. This is one aspect of the market that China’s home-grown gas company Yingde Gases has tapped to spectacular effect over the last five years.
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