The commercial industrial gases market in Japan is estimated to have generated revenues of $5.98bn in 2018. This is up from $5.15bn in 2008, giving a compound annual growth rate of 1.5% as there was a rise.
The Japanese industrial gas sector is dominated by three companies that between them control just under 70% of the market. The biggest is Taiyo Nippon Sanso (TNS), followed by Air Water and Air Liquide. Other companies with a sizeable presence include Iwatani and Showa Denko.
Within the 2018-2023 timeframe, Gasworld Business Intelligence predict growth of between 2.4% p.a. in a low scenario, 3.0% p.a. in a high scenario. This should see the commercial industrial gas market in Japan achieve revenues of between $6.72bn and $6.94bn by 2023.
Published: 2020
Report Data: 2019
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