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.
The Indian economy has expanded at an impressive rate since 2006, with average GDP growth of 7.3% p.a., when adjusted for inflation. There have been no rates of decline over the past decade, with only a slight deceleration in growth during the financial crisis.
Report Data: 2018
Linde India Limited has set up its first dedicated healthcare cylinder filling site at Siliguri, North of West Bengal (India).
German automotive manufacturer Audi, has started production of the synthetic fuel ’Audi e-diesel’.
Within the 2018-2023 timeframe, gas world 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.
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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