Oct 1 2010
Research and Markets has announced the addition of the "Research Report on Development Trends and Industry Competition of Chinese Industrial Gasses Industry 2010-2012" report to their offering.
(http://www.researchandmarkets.com/research/e5293f/research_report_on)
In recent years, the Chinese economy develops quickly. As one of the three main factors of the basic industry in the national economy, the industrial gases industry supplies the important guarantee for the fast development of the Chinese national economy. The Chinese industrial gases market is considered as the most vigorous market in the world. In 2007, the total output value of the industrial gases was 50 billion RMB. And the annual growth rate of the demand was 10%. The total output value is expected to be 100 billion RMB in 2016.
According to the structure of the Chinese industrial gases market, it can be divided in to two parts: self-produced gas and purchased gas. In the industrial gases market with the output value of 50 billion RMB, the self-produced gas accounts for 53%. And in the purchased gas market, the foreign-funded enterprises accounts for 35%. Since 1990s, except AGA, the other gases enterprises have entered Chinese market and set up more than 90 joint ventures and single proprietorships with the investment of over 1 billion USD. Although the foreign-funded gas enterprises impact the Chinese gas market, they also promote the development of the Chinese industrial gases industry.
For the industrial gases manufacturers, the largest growth opportunity will come from the hydrogen market in the future. The demand for hydrogen used in the energy and personal care product industry increases sharply, especially the hydrogen supplied for the refinery.
Due to the stricter environment laws, the sulfur content of the fuels continues to reduce. More refineries use the hydrogenation technology to process the heavy crude oil, so the hydrogen demand is increasing quickly. According to the statistics of BBIC, the annual growth rate of the hydrogen demand of the global refineries reaches 20%. The demand of the oxygen market will continue to decline. Especially, the oxygen demand of the American steel industry will decline obviously.