U.S. Industrial Gas Market, By Types (Hydrogen & Argon, Nitrogen, Fluorocarbons, Oxygen, Carbon Dioxide) and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The U.S. industrial gas market was valued at USD 5.92 billion by 2017, growing with 2.2% CAGR during the forecast period, 2018-2025.
Increasing activity in oil and gas production will drive demand for industrial gases in the production of a variety of durable and non-durable goods. Advances in hydrogen sales will reflect continued growth in the manufacture of chemical products. Suppliers will also experience greater demand for argon, as expanding metal production will stoke gains. Demand largely depends on industrial activity and resource extraction (namely, crude oil and natural gas) but also healthcare activity. Additionally, the Clean Air Act (CAA) significantly impacts demand for industrial gases. The CAA has sought to reduce greenhouse gas and pollutant emissions and contains provisions requiring petroleum refiners to reduce the amount of sulfur in refined products. This, in turn, effectively increases the amount of hydrogen required to produce cleaner-burning fuels.
Industrial gases can be categorized as either atmospheric gases or process gases, which differ in production method and source. Atmospheric gases, such as nitrogen, argon, and oxygen, are produced through separation from atmospheric air. Manufacturers employ two types of air separation processes in the industrial gas sector: cryogenic and non-cryogenic. On the other side, the production of industrial gases is a capital-intensive business due to the need to construct and maintain expensive air separation units and extensive pipeline infrastructures, hampering the industry growth to some extent.
Types Takeaway
In terms of types, the market is segmented as;
- Hydrogen & Argon
- Nitrogen
- Fluorocarbons
- Oxygen
- Carbon Dioxide
- Other Gases
Nitrogen demand is forecast to rise 1.8% annually to USD 1.9 billion in 2025. Increased oil and natural gas drilling activity will drive greater employment of enhanced oil recovery (EOR) techniques and other oil and gas field applications that require nitrogen. Demand for fluorocarbons is expected to increase significantly owing to the shifting consumption patterns toward higher-cost hydrofluoroolefins (HFOs), and other blended products.
Key Vendors Takeaway
- Air Products and Chemicals
- Air Liquide
- Praxair
- Linde
- The Chemours Company
- Taiyo Nippon Sanso
Companies namely The Linde Group (Linde), Air Liquide and Praxair accounted for the highest revenue share of the U.S. industrial gas market. Merger and acquisition activity is frequent among industrial gas suppliers as the companies expand their product offerings and geographic reach. For instance, in October 2018, Praxair and Linde completed merger that makes the single biggest player in the global industrial gases market. The combined companies are set to enjoy strong positions in this market for all key end-markets and geographies, and also aimed to create a more diverse and balanced global portfolio for industrial gases.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
- Hydrogen & Argon
- Nitrogen
- Fluorocarbons
- Oxygen
- Carbon Dioxide
- Other Gases
TABLE OF CONTENT
1. U.S. INDUSTRIAL GAS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.2. Competitive Insights
3. U.S. INDUSTRIAL GAS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. U.S. INDUSTRIAL GAS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. U.S. INDUSTRIAL GAS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. U.S. INDUSTRIAL GAS MARKET – BY TYPES
6.1. Overview
6.1.1. Segment Share Analysis, By Types, 2017 & 2025 (%)
6.2. Hydrogen & Argon
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Nitrogen
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Fluorocarbons
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Oxygen
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Carbon Dioxide
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.7. Other Gases
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. KEY VENDOR ANALYSIS
7.1. Air Products and Chemicals
7.1.1. Company Snapshot
7.1.2. Financial Performance
7.1.3. Types Benchmarking
7.1.4. Strategic Initiatives
7.2. Air Liquide
7.2.1. Company Snapshot
7.2.2. Financial Performance
7.2.3. Types Benchmarking
7.2.4. Strategic Initiatives
7.3. Praxair
7.3.1. Company Snapshot
7.3.2. Financial Performance
7.3.3. Types Benchmarking
7.3.4. Strategic Initiatives
7.4. Linde
7.4.1. Company Snapshot
7.4.2. Financial Performance
7.4.3. Types Benchmarking
7.4.4. Strategic Initiatives
7.5. The Chemours Company
7.5.1. Company Snapshot
7.5.2. Financial Performance
7.5.3. Types Benchmarking
7.5.4. Strategic Initiatives
7.6. Taiyo Nippon Sanso
7.6.1. Company Snapshot
7.6.2. Financial Performance
7.6.3. Types Benchmarking
7.6.4. Strategic Initiatives
8. 360 DEGREE ANALYSTVIEW
9. APPENDIX
9.1. Research Methodology
9.2. References
9.3. Abbreviations
9.4. Disclaimer
9.5. Contact Us
List of Tables
TABLE List of data Types
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE U.S. Industrial Gas market: Types snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE U.S. Industrial Gas market, by Types, 2014-2025 (USD Million)
List of Figures
FIGURE U.S. Industrial Gas market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Types segment market share analysis, 2017 & 2025
FIGURE Types segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Hydrogen & Argon market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Nitrogen market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Fluorocarbons market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Oxygen market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Carbon Dioxidemarket size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Other Gases market size forecast and trend analysis, 2014 to 2025 (USD Million)
