The Oxygen and Hydrogen Gas Manufacturing industry produces gases that are used as inputs in a variety of consumer and industrial products. During this period, demand from highly cyclical markets, such as energy producers, metal and chemical manufacturers sharply declined due to plummeting oil, gas and commodity prices. However, industry revenue is expected to increase modestly in 2017, as rebounding commodity prices and slowly increasing US manufacturing activity will facilitate projected industry revenue growth. In the five years to 2022, industry revenue is projected to increase. Key buying industries' production levels are expected to be in full swing, as an anticipated increase in consumer spending will drive demand for oxygen, hydrogen, nitrogen and various industrial gases.
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.