Press Release

Oxygen and Nitrogen to Dominate China Industrial & Specialty Gases Market during 2016 – 2021

Anticipated growth in end use industries coupled with capacity additions due to existing as well as new gas production units to drive China industrial & specialty gases market until 2021

According to a recently published TechSci Research report China Industrial & Specialty Gases Market By Market Type, By Mode of Distribution, By Third Party Sale of Equipment, Competition Forecast & Opportunities, 2016 – 2021, oxygen and nitrogen are expected to dominate China industrial & specialty gases market during forecast period, owing to their extensive usage in huge and fast growing steel industry in the country. Nitrogen is also witnessing huge demand in the country due to large scale production of ammonia, which is usually used in the preparation of ammonium sulphate, a widely used fertilizer in the country. In 2015, China produced around 44.28 million tons of ammonia, and accounted for around 35.4% of global ammonia consumption.

Oxygen, as an industrial gas, is majorly used for combustion in steel industry. In 2017, China’s crude steel production is estimated to reach 825 million metric tons. The country’s domestic consumption of steel, alone, is anticipated to account for 87% of total steel produced in the country, thereby making China the largest steel market in the world. China is home to major steel companies such as Nippon Steel & Sumitomo Metal Corporation (NSSMC), Hebei Iron and Steel Group, Baosteel, and Wuhan Iron and Steel Group. Demand for industrial oxygen gas in China is expected to increase in the coming years on account of growing demand for China-made steel in domestic as well as global markets.

“China chemicals industry is one of the major contributors to the country’s GDP. A number of international chemical companies such as BASF, Dow, Evonik, LG Chem and Mitsui Chemicals have been heavily investing in R&D and chemical production in the country. BASF has announced plans to invest around $ 11 billion in Asia-Pacific, with a majority of these investments planned in China. Moreover, China’s ambitious plans to expand its integrated circuit industry through infusion of around $ 100 billion by 2020 would also spur demand for industrial & specialty gases in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm

China Industrial & Specialty Gases Market By Market Type, By Mode of Distribution, By Third Party Sale of Equipment, Competition Forecast & Opportunities, 2016 – 2021has evaluated China industrial & specialty gases market and has provided the statistics and information on market structure, industry behaviour and trend. The report includes market projections and demand forecasting for industrial & specialty gases as well as third party sale of equipment. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with strategic recommendations for China industrial & specialty gases market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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