The commercial industrial gases market in South Africa was estimated to have generated revenues of some $598.8m in 2018. This was up from $230.6m in 2008, indicating an compound annual growth rate of 10% p.a. for the decade.
When adjusted for inflation, the South African economy has increased by approximately 10% p.a. on average since 2008.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 7.2% p.a. in a low scenario to 7.3% p.a. in a high scenario. Accordingly, the industry in South Africa is expected to achieve revenues of between $848m to $853m by 2023.
Published: 2020
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