The first day of gasworld’s Asia-Pacific Industrial Gases Conference in Kuala Lumpur illustrated the polarising forces now facing the continent’s industrial gas sector.
“Asia is the place to be,” said John Panikar, Executive Vice President of APAC at Linde, in the opening keynote, who also reminded delegates of the industry’s resilience after COVID and consistent growth despite supply chain challenges and global geopolitical tensions.
APAC is a mammoth $30.5bn market with China and Japan the largest industrial gas markets globally after the US, concurred gasworld’s Business Intelligence Manager Karina Kocha. The dominant North Pacific region, worth $23.2bn, grew 40% in the decade to 2022, overshadowing South-East Asia ($4bn), South Asia ($1.86bn) and Oceania ($1.5bn) which remain significant too.
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