Renowned for its huge electronics business and as something of a hub of investment, gasworld explores the market dynamics of the North Pacific Rim.
Having previously benefited from the exploration of the Japanese gas market courtesy of the Gas Review’s Izumi Ohe, gasworld looks at the wider net of the North Pacific Rim and reveals a healthy hub for growth.
A recent report from The Freedonia Group had suggested that China would be set to surpass Japan as the world’s second largest market for industrial gas demand, as the developed Japanese market is apparently due to record below average growth in industrial gas.
A predicted compound annual growth rate (CAGR) of 7.4% for the period 2006-2011 by the Spiritus Group, when compared with 7.8% for the period 2001-2006, would appear to affirm a marginal decrease in growth for the region.
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