The Asia-Pacific region is attracting increased investment interests across all segments of its energy value chain, particularly in the industrial gas sector.
The market was thought to be valued at $25.3bn in revenues in 2012, with growth in applications such as food and beverages, metal fabrication and chemical manufacturing just some of the drivers in the region. Growth continued in 2013, in a year that saw China surpass Japan as the second-largest industrial gas market in the world.
Beyond China’s continued rise, the rapid growth in the South East Asia gases business has also caught the eye of many within the Asia-Pacific region, as well as those from afar. Malaysia, Singapore and Vietnam are good examples of the growth in South East Asia, while Indonesia is another country at the heart of this thriving industry having seen its gases business more than double in size over the course of a decade.
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