CHINA’S INDUSTRIAL GAS INDUSTRY OVERVIEW
Industrial gas can be classified into the following two categories:
➢ Air gases: elemental gases separated from air including nitrogen (N2), oxygen (O2), argon (Ar), helium (He), neon (Ne), krypton (Kr), xenon (Xe) and radon (Rn); and Gaseous chemical compounds, such as SiH4, As, P, Br. HCl, HF, SF6, NH3, CO2, etc.
➢ Special Gases:
The major downstream industries for industrial gas are iron and steel, petrochemical, other chemicals and electronics, in which oxygen and nitrogen are the two largest industrial gas products by consumption volume. In 2019, industrial gases used for iron and steel industry accounted for approximately 24.0% of the total market in China. The revenue generated from iron and steel industry grew from approximately RMB22.7 billion in 2014 to approximately RMB35.5 billion in 2019, representing a CAGR of approximately 9.4%, and is expected to grow to approximately RMB52.0 billion in 2024, representing a CAGR of approximately 7.9%.
In 2019, industrial gas used for petrochemicals accounted for 13.2% and other chemicals accounted for approximately 10.2% of the total market of industrial gas. Industrial gas used for electronics accounted for 10.6% of the total market of industrial gas. With the wider application of industrial gas in fields such as semiconductors, healthcare, photovoltaic industry, frozen food industry, etc., revenue generated from other segments accounted for approximately 42.0% of the total market of industrial gas in 2019.
电话：86-0315-2702346 / 传真：86-0315-2702346 / 电邮：email@example.com / 地址：中国河北省唐山市路北区滨河路9号