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World Industrial Gases

World Industrial Gases
  • Report price : $ 5 500
  • Publication date : January 2008
  • Length : 250 pages

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World Industrial Gases

Global demand to increase nearly 7% annually through 2011
World demand for industrial gases will increase nearly 7 percent annually to almost $37 billion in 2011. Volumetric consumption will expand 4.9 percent per year to 300 billion cubic meters. The fastest growth will be in the emerging industrial economies of the Asia/Pacific region, especially those of China and India. Those countries with advanced, highly developed industrial economies will grow more slowly. Other developing regions (Latin America, Eastern Europe and Africa/Mideast) will also experience above average growth.

Metal production, fabrication to dominate demand
Metals production and fabricating will be the largest market sector for industrial gases consumption, and will account for 35 percent of total demand value in 2011. In steel applications, growth will derive from the increasing use of electric arc furnaces, more demand for stainless steel products and more modern manufacturing methods, which consume greater amounts of industrial gases. Geographically, the best growth opportunities will exist in China and India, where steel production continues to grow rapidly. The Japanese steel industry, the world’s second largest after China, still remains a major industrial gas market, though not a high growth one.

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