Incorporating: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
The industrial gas market of the South East region represented the largest in the US.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.3% p.a. in a low scenario to 4.1% p.a. in a high scenario. Accordingly, the industry in the South East is expected to achieve revenues of between $6.67bn to $6.92 by 2023.
The region’s economy was characterised by its extensive refining and chemicals industries, specifically along its south coast. GDP growth has averaged 4% p.a. over the decade (2008—2018), but did witness a minor contraction during the recession in 2009. Since 2010, GDP growth has remained positive and steady, staying above 2.6% for all years.
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