All signs point to growth in the South East Asian industrial gases business, as new applications emerge, industrial gas intensity grows, and investment in emerging economies continues.
That’s the backdrop against which gasworld will soon be staging its Future-Proofing Industrial Gases Summitin Singapore this summer.
The wider Asia region, including bullish economies such as China and India, is increasingly regarded as the growth hotspot for the industrial gases business. According to gasworld Business Intelligence, the South Pacific gases market alone – including the South East Asian markets of the Philippines, Singapore, Malaysia, Thailand, Indonesia, Vietnam, Laos and Cambodia – was worth around $3.3bn in 2017. Almost all of the individual markets involved in this region have demonstrated strong, if not double-digit, growth rates over the last decade.
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