The positive signs are ubiquitous – from sustained high economic growth forecasts to new plant installations coming online in 2013 and 2014, Thailand is a country on the rise.
Thailand’s industrial gas market has grown by 11.6% p.a. on average since 2002 and this trend looks set to continue.
This analysis comes from the gasworld’s Business Intelligence team, as a number of new plants are set to start-up over the coming years.
Bangkok Industrial Gas (BIG) introduced a significantly sized merchant plant this year, and Linde will begin production at two new sites next year. These will consist of a 500 tpd GOX ASU and a 300 tpd plant, each located in Map Ta Phut.
The country’s industrial gas business is dominated by sales of bulk gas to clients within the merchant market. This is primarily linked to sales of LCO2 to Thailand’s relatively large food processing sector, and sales of LIN to clients within the country’s refining, chemical, and metallurgical industries.
With such activity and dynamics in place, the Business Intelligence team envisions a bright future for the Thai industrial gases business.
Look out for further market analysis from Thailand and fellow South East Asia gas industries in the upcoming November issue of gasworld magazine.
An ASEAN-focused Regional Markets feature will explore the industrial gas businesses of Indonesia, Malaysia, Philippines, Singapore and Thailand.
Alternatively, contact the Business Intelligence team direct for further information on the dynamics, drivers and projections for the South East Asia industrial gases business:
Marcus.firstname.lastname@example.org / +44 1872 225031