Industry Analysis & Industry Trends
In the five years through 2012, the Industrial Gas and Basic Chemical Manufacturing industry in China has been growing at an annualized rate of 25.0% to reach $40.3 billion. Revenue growth peaked in 2008 at 59.7%, then slowed in 2009 and 2010 due to adverse effects on the domestic economy stemming from the global financial recession. As the industry produces a wide range of chemical raw materials, its performance is largely determined by the activities of downstream manufacturing industries, such as the Iron and Steel Smelting industry (IBISWorld industry report 3210).
Over the five-year period, growth rates varied widely among product segments. The industrial gases segment experienced steady growth, while market conditions for yellow phosphorus fluctuated dramatically.... purchase to read more
Industry Report - Industry Products Chapter
Industrial gases
Industrial gases, consisting of oxygen, nitrogen, hydrogen, carbon monoxide, argon, helium, neon and other rare gases, comprise the largest product segment in the Industrial Gas and Basic Chemical Manufacturing industry in China. Sales of industrial gases in China are estimated to account for 55.0% of industry revenue in 2012. Oxygen gas and nitrogen are the two major gases produced by the industry to meet the huge demand from the Iron and Steel Smelting industry in China (IBISWorld industry report 3210), which is the largest in the world. Other major industries utilizing industrial gases include melding, organic chemical manufacturing (IBISWorld industry report 2614) and copper smelting (3311), as well as various healthcare industries... purchase to read more