The commercial industrial gas market in South Korea was estimated to have generated revenues of $1.7bn in 2016. This was up from around $1.2bn in 2006, indicating an average annual growth rate of 4.0% p.a. for the decade.
The market is currently a hot topic in terms of M&A activity – in October 2016, Linde announced it signed a deal acquire Air Liquide’s Industrial Merchant business in the country, whilst more recently, the bidding war for Daesung Industrial Gases has been intensifying.
Report Data: 2016
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Linde Korea, a member of Tier One player The Linde Group, has signed a definitive agreement to acquire the onsite and bulk business of Air Liquide Korea.
Within the 2018-2023 timeframe, Gasworld Business Intelligence predict growth of between 2.4% p.a. in a low scenario, 3.0% p.a. in a high scenario. This should see the commercial industrial gas market in Japan achieve revenues of between $6.72bn and $6.94bn by 2023.
Within the 2018-2023 timeframe, gas world business intelligence predict growth from 4.2% p.a. in a low scenario to 4.3% p.a. in a high scenario. Accordingly, the industry in Taiwan is expected to achieve revenues of between $1.40bn to $1.42bn by 2023.
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