The Asian Pacific region has experienced some of the fastest industrial gas growth rates in the world this year. The growth has been driven by a combination
of factors including a strong electronics industry and high steel and petrochemicals output, leading to a boost in on-site and bulk volumes. In November we addressed the North Pacific Rim region and this special feature looks at the fast growing South East Asian and South Pacific Region.
For the purposes of this feature, the South Pacific Rim includes Thailand, Malaysia, Singapore, Indonesia, the Philippines, Vietnam and Australia. The region has seen significant investment over the past 15 years and although attention has been recently focused on its neighbours in the north (namely China, South Korea and Taiwan) important investments continue to be made “ driving up demand for gases.
According to Spiritus Consulting, the South Pacific industrial gases business was worth $2.3bn in 2005 and has been growing at a healthy eight per cent per year over the past five years. Leading the pack for growth are Singapore and Thailand.
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