The Oxygen and Hydrogen Gas Manufacturing industry in Canada has experience sluggish growth over the five years to 2017, except for minor growth in 2014 and 2016 as demand for process gases from the domestic energy market surged. In particular, burgeoning oil sand extraction activity in Alberta has increased demand for desulphurization gases such as hydrogen or carrier gases such as nitrogen. In response, major companies, such as Air Liquide and Linde, have opened several new steam-methane reforming gas plants in Alberta and other petroleum-rich regions in western Canada. However, the ongoing collapse in the world prices of crude oil and a variety of other commodities has constrained demand from heavy industrial markets, including domestic petroleum refineries and steel manufacturers. Industry revenue is expected to return to growth over the five years to 2022. Rebounding demand for hydrogen and nitrogen gases from heavy oil sand refineries as well as sustained demand for medical gases from the healthcare market will likely become the key drivers of growth during this period.
This industry manufactures the following industrial gas products: carbon dioxide (dry ice); air-separated gases, such as nitrogen, oxygen and argon; steam-reformed gases, such as hydrogen, carbon monoxide and helium; specialty gases, such as refrigerants and propellants. These gases are then supplied to customers via on-site air production plants, pipelines, rail or compressed cylinders. This industry does not include the production of natural gas-based fuels such as methane or propane.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.