When we profiled the North Pacific industrial gases business last year, we noted how in 2018 the region had for the first time in history eclipsed the size of the European market to become the second-largest industrial gas market in the world, at a value of almost $20bn.
This had principally been due to the ongoing expansion of the Chinese market and relative strength of the Japanese Yen over the preceding 12 months.
There has also been significant expansion underway in the neighbouring South Pacific gas markets, where economies and industrial gas hubs like Singapore, Malaysia, Thailand and Vietnam continue to thrive.
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