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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Daesung Industrial Gases, one of the biggest players in South Korea’s industrial gases market, is reportedly the subject of an auction process that would see the Goldman Sachs Group relinquish its controlling stake in the company.
With increased attention being drawn to the deal to acquire Daesung Industrial Gases, gasworld Business Intelligence is pleased to announce the publication of its South Korea industrial gas market report.
The Japanese industrial gas sector is dominated by three companies that between them control just under 70% of the market. The biggest is Taiyo Nippon Sanso (TNS), followed by Air Water and Air Liquide. Other companies with a sizeable presence include Iwatani and Showa Denko.
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