The Iberian industrial gas market, incorporating Portugal and Spain, was valued at just over $1.4bn in 2015. The region has experienced growth of 1.4% p.a. over the course of the last decade (2005-2015).
The current market leaders in Iberia are Air Liquide, with the company commanding the largest share of revenues in both Spain and Portugal. This equates to market shares of 44% and 36% in Portugal and Spain respectively.
There are a number of Tier One companies present in Spain, with all companies, except Messer, posting revenues in excess of $100m. The next largest company, after Air Liquide, in Spain is Praxair. Air Products currently command just under 25% of revenue in the country through its wholly owned subsidiary Carburos Metallicos. Linde are the last company with revenues in excess of $100m in the Spanish market.
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