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
99 Pages | Published Date : June 2019 | Report Code: AV294 | Report Format: PDF
U.S. industrial gas market was valued at USD XX million by 2017, growing with XX% 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 nondurable 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.
In terms of types, the market is segmented as;
- Hydrogen & Argon
- 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
- 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
- Traders, Distributors, and Suppliers
- Government and Regional Agencies
- Research Organizations
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
- 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
6.1.1. Segment Share Analysis, By Types, 2017 & 2025 (%)
6.2. Hydrogen & Argon
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Carbon Dioxide
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.7. Other Gases
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
7.3.1. Company Snapshot
7.3.2. Financial Performance
7.3.3. Types Benchmarking
7.3.4. Strategic Initiatives
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
9.1. Research Methodology
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)
SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Types launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.
KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Types developments
Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:
- Official company’s website, financial and annual reporting
- Government statistical data
- Online publishing articles
- Industry player’s investor presentations
- Economic news articles
- National and international trade associations
- The financial, business, and mainstream press
- Industry study groups and semiofficial sources
- Informative channels related to the market topics
* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary information often conflicting across multiple sources is a key aspect of the added value we provide
In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.
In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.
These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.
Market Forecast :
Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.
For forecasting, the following parameters were considered:
- Market drivers and restraints along with their current and expected impacts
- Technological scenario and expected developments
- Trends in the consumer behaviors
- End-user industry trends
We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.
Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.
We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.
We strive to become one of the trusted partner of our client by offering value added services and concrete research data.
From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.
Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.
Data Accuracy and Reliability
We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.
We offer most competitive pricing policy across the research industry
Why Choose Us
We devise research report with quality data:
Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.
We work with businesses just like yours:
AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.