In 2025, China's industrial gas scale will reach 260.7 billion!

Industrial gases refer to products that are used for industrial purposes and are gaseous at normal temperature and pressure. Due to their wide range of uses, they are called "industrial blood". The global industrial gas market is expanding steadily, and the domestic market has great potential. According to historical data analysis, the growth rate of the global industrial gas industry is usually maintained at 2.0-2.5 times of GDP, and the expansion has been rapid and stable for many years. According to research data, the global industrial gas market has reached US$134.1 billion in 2020, and the market space is expected to further expand in the future. It is expected to reach US$192.9 billion in 2025, with a five-year CAGR of about 7.54%. Compared with developed countries, China's industrial gas started late, and the product variety is relatively single. In recent years, due to the technological breakthroughs of upstream air separation equipment manufacturers, China's industrial gas has entered a period of rapid development. In 2020, China's industrial gas scale will be 162.6 billion yuan , is expected to reach 260.7 billion yuan in 2025, with a 5-year CAGR of about 9.9%, higher than the global growth rate.