The Taiwanese commercial gases market generated estimated revenues of $1.146bn in 2018. This is up from $808m in 2008, indicating and average annual growth rate of 3.7% over the past decade.
Taiwan has experienced strong economic growth over the past decade, with GDP increasing at an average rate of 3% per annum (p.a.). The country’s economy slipped into a minor recession during the worst year of the global financial crisis, but manufactured a swift recovery and has been growing since.
Within the 2018-2023 timeframe, gasworld 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.
Report Data: 2018
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The International Conference Hall of the National Taipei University of Technology was packed with more than 250 delegates from industrial gas companies, institutions and government departments on 6th September (2016) to listen to seven speakers from the international majors sharing their expertise and experience in the process safety management of ...
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.
The Japanese industrial gas sector is dominated by three companies that between them control over 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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