Oxygen & Hydrogen Gas Manufacturing in the US
Gas manufacturers are dependent on manufacturing activity, industrial output and consumer demand. In the five years to 2016, revenue in the Oxygen and Hydrogen Gas Manufacturing industry is expected to increase marginally. This gain is largely the result of the industry expanding from a low base, as revenue has yet to exceed its prerecession levels. Industrial gas manufacturers have slowly rebounded after the recession precipitated four straight years of industry revenue declines. A dependence on highly cyclical markets, like metal and chemical manufacturers, has contributed to revenue volatility during this period. However, in 2013, demand for industrial gases improved, as key gas buyers increased production.
This industry manufactures organic and inorganic industrial gases in various forms, including compressed, liquid and solid (i.e. dry ice). Examples of industrial gases include oxygen, hydrogen, helium, nitrogen and carbon dioxide. These gases are then supplied to a diverse range of customers, including industrial and medical users. Key inputs for the industry include electricity and natural gas.
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.