Chile is home to the third largest industrial gases business in South America
Chile is home to the third largest industrial gases business in South America. Revenues amounted to just under $320 million in 2018. This is up from approximately $201m in 2008, indicating an average annual growth rate of 4.9%, over the past decade.
Growth has been propped-up by the country’s copper mining and processing industry. The state-owned Codelco, is the largest copper producer in the world, but has recently witnessed a mild slowdown due to oversupply. However, total copper production in Chile is still three times higher than that of the second largest producer, China.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 6.5% p.a. in a low scenario to 10.4% p.a. in a high scenario. Accordingly, the industry in Chile is expected to achieve revenues of between $435m to $521m by 2023.
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