There has been quite a bit of activity in the West Coast region, which reached revenues of just over $3.73bn in 2018, up from $2.17bn in 2008 with an average annual growth rate of 6% p.a for the decade.
Commercial gases market
In 2018, the West Coast boasted an extensively sophisticated industrial gas market and featured operations from all of the major industrial gas companies. The largest company in terms of revenue in the region was Air Liquide, with a market share of approximately 30.5%. The second largest company was Air Products, controlling a share of just over 18.3%, equivalent to revenues of approximately $683.7m. The third largest company was Praxair, with a portion of just over 18.3%, equivalent to revenues of approximately $658m. MATHESON accounted for sales of $183m, which equated to a market share of 8%.
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