The next few years are likely to be exciting times for the industrial gases industry, which after suffering the first contraction during 2009 since before 1980, is expected to exceed its 2008 gross earnings this year by over 5%.
Future annual compound growth is expected to average close to 10% through until 2015. The Asia-Pacific region is expected to continue reporting the fastest growth.
Five drivers will motivate the development of new technologies and stimulate demand for industrial gases:
1. Increasing demand for energy and escalating prices.
2. More onerous environmental regulations.
3. Fiscal inducements to limit carbon emissions.
4. Rapid industrialisation of emerging economies.
5. Decreasing cost of renewable energy.
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