Industrial gas production began in Australia in 1908 when Gardener Waern installed the country’s first plant to produce acetylene using imported calcium carbide. Today, two companies dominate Australia’s industrial gases sector: Linde/BOC Australia and Air Liquide. Between them they control 85% of the market, whilst the other company of note - Wesfarmers/Coregas - account for around a further 8%.
Report Data: 2016
The development of unconventional oil and gas resources is gaining momentum across the world, with China and Australia becoming two of the most important emerging markets for shale and Coal Bed Methane (CBM) exploration, says GlobalData.
A decidedly mixed market is in progress in the Asia-Pacific region, both economically and in terms of industrial gas drivers/applications. The double-digit growth in China has slowed and the outlook in Japan has been varied for some time; yet many emerging economies in the region still enjoy healthy growth.
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.
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