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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