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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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NewsTier One divestment: Korean onsite and bulk business
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.
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More South Asia
Custom Contentgasreport: 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.
Custom Contentgasreport: 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.
BI - Reportsgasreport: 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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