This month’s country focus offers an in-depth analysis of the Japanese industrial gas market. The market, valued at $5.6bn in 2016, has struggled over the course of the last decade and took a downward turn in the last few years.
The gas business
Despite recent decline, the industrial gas market of Japan remained the third largest in the world in 2016 behind the US and China. This was largely due to revenue generated from the sale of gas to metallurgical and manufacturing clients. Furthermore, there is a large electronics sector in Japan, with many customers consuming helium and speciality gases for applications.
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