The commercial industrial gases market in Cambodia is estimated to have generated revenues of over $15 million in 2016. This is up from just less than $6 million in 2006, indicating an average annual growth rate of 10.8% for the decade.
The Cambodian economy has grown by approximately 606% p.a on average since 2006. Most of this has been related to expansion within the garments, construction, agriculture, and tourism sectors. Cambodia nonetheless remains a poor country, with all the usual challenges common to many developing countries (including corruption, limited educational opportunities, high income inequality, and poor job prospects).
Report Data: 2017
As our lead feature this month explains, the gases industry has always been a supplier of important welding gases, process gases, welding supplies, cutting machines, and other hardgoods. Here we explore the market drivers for welding gases and hardgoods.
The commercial industrial gases market in the Philippines estimated to have generated revenues of $300 million in 2016. This is up from $110 million in 2006, indicating an impressive average annual growth rate of 11% for the decade.
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