Abstract
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.
Study coverage
It presents historical demand data for the years 1996, 2001 and 2006 plus
forecasts for 2011 and 2016 by type, market, world region and for 14 major
national markets. The study also considers market environment factors,
evaluates company market share and profiles 13 leading competitors.
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