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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.
Published: 2017
Report Data: 2016
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
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Related Articles
NewsDaesung Industrial Gases under acquisition spotlight
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.
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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.
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gasreport: North Pacific - Taiwan
The Taiwanese commercial gases market generated estimated revues of $1.17bn in 2016. This is up from $680m in 2006, indicating and average annual growth rate of 5.6% over the past decade.
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gasreport: South Asia - India
The commercial industrial gases market in India is estimated to have generated revenues of $1.3 billion in 2016. This is up from just $440 million in 2006, indicating an average annual growth rate of 11.5% for the decade.
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gasreport: North Pacific - Japan
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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