Report on competitive pattern of China's industrial gas market

Tag : basic chemical
Research and Markets(http://www.researchandmarkets.com/research/a802c0/development_and_re)has announced the addition of the "Development and Research Reporton Competitive Pattern of China's Industrial Gas Market from 2008to 2010" report to their offering.

According to the classification standards on the manufacturingindustry proposed by the National Bureau of Statistics, industrialgas is classified in the second subcategory of chemical materialsand chemical products industry. The third subcategory that it isclassified in is basic chemical raw materials manufacturing.Industrial gas manufacturing is classified to other basic chemicalraw materials manufacturing of basic chemical raw materialsmanufacturing.

In recent years, the Chinese economy has developed rapidly. Beingone of the three elements of basic industries, industrial gasesguarantee the development of economy. The industrial gas market inChina is regarded as one of the most robust markets, with an annualaverage growth of the output value of 65% in 2003-2005, while 12%in world market. In 2007, the output value approached 50 billionRMB, which was expected to reach 100 billion RMB. It was alsopredicted that the annual growth of demand for the industrial gaseswould be 10%. In summary, the huge demand brings opportunity to theindustrial gas industry.

According to the market structure of industrial gas in China, it isdivided into two parts: self-produced gases and purchased gases.The self-produced gases accounts for 53% of the 50 billion RMBmarket. Meanwhile, the foreign invested enterprises occupy 35% ofthe purchased gas market. Since 1990, there were six enterprisesexcept AGA entering China. Till now, they have established morethan 90 of the joint ventures or sole corporations, with a totalinvestment of more than 1 billion dollars. The foreign corporationsstrike the industrial gas market of China, but also promote thedevelopment of the industry.

To manufacturers, H2 may give them the greatest opportunity forgrowth, especially used in the areas of energy and health care.

With the environmental regulations requiring the reduction ofsulphur content in the fuel and more applications adopted by oilrefineries that use H2 to refine oil, the demand for H2 is growingrapidly. Statistics from Business & Intelligence ConsultingCo., Ltd. show that the annual demand growth rate for H2 would riseto 20%. While the demand for O2 would drop, especially in theindustry of steel industry of USA.