Five-year outlook for Japanese industry


According to The Gas Review, to predict trends in Japanese industrial gas demand, considering upcoming movements in the main users is essential.

The ‘Special Report: Mid-term Outlook for Japanese Industries’ was released at the end of 2017 by the Industry Research Department of Mizuho Bank. Taking this opportunity, The Gas Review extracted the growth in demand along with the direction of the Japanese industries in terms of the presence in the global market over the next five years to predict the influence on the industrial gas market. The predications target the industries that create the main demand for industrial gases, including iron and steel, nonferrous metals, paper and pulp, automobiles, oil, energy, chemicals, heavy electric machinery and electronics.

Following the last year, this survey indicated the demand growth and the directions in international competitiveness (global presence) of specific Japanese industries in the next five years, using nine matrices,

The results indicate that electronics that electronics, robots, medical equipment, and pharmaceuticals will experience growth over the next five years, while the heavy industries, such as iron and steel, nonferrous metals, paper and pulp, and chemicals, will stagnate. Automobiles and machine tools will maintain moderate growth. Overall, gas consumption by large users will stagnate, and any large expansion in gas sales is difficult to foresee. Nitrogen (N2) demand for electronics centred around electronic components is predicted to remain solid, therefore the difference of demand between oxygen (O2) and N2 is predicted to further increase. A reduction in global competitiveness in petroleum products and chemicals is bound to have an even greater influence on source procurement for carbon dioxide (CO2) and hydrogen (H2).

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...