US demand for industrial gases to reach $6.8 B in 2021
CLEVELAND — US demand for industrial gases is forecast to reach $6.8 B in 2021, according to Industrial Gases: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from expanding manufacturing activity, which will drive demand for industrial gases in the production of a variety of durable and nondurable goods. In particular, increasing activity in oil and gas production will stimulate gains.
Growth in demand for hydrogen and argon, considered together, is expected to account for the largest share of gains among the segments. A rising volume of refined petroleum production attributed to diesel fuels will stimulate demand. Increasing natural gas prices—which suppliers seek to pass on to customers in the form of price increases—will support value growth. Suppliers will also experience greater demand for argon, as expanding metal production will stoke gains.
This report forecasts US industrial gas demand and shipments in US dollars at the manufacturers' level to 2021. Total demand is segmented by product in terms of:
- hydrogen and argon
- nitrogen
- fluorocarbons
- carbon dioxide
- oxygen
- other gases such as helium and acetylene
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
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