Oxygen & Hydrogen Gas Manufacturing in the US
The Oxygen and Hydrogen Gas Manufacturing industry produces gases that are used as inputs in a variety of consumer and industrial products. Industrial gases are essential to various downstream sectors, including chemical manufacturing, metal manufacturing and oil refining. Therefore, this industry is primarily influenced by movements in industrial production in economy, the level of consumer spending and the price of oil and natural gas. As a result of increased manufacturing activity, greater consumer spending and rebounding energy prices, industry revenue is expected to increase. Between 2013 and 2015, demand from highly cyclical markets, such as energy producers and metal and chemical manufacturers, sharply declined due to plummeting oil, gas and commodity prices, causing a sharp decline in industry revenue. Over the five years to 2023, a projected increase in consumer spending will support demand for manufactured consumer goods. Manufacturing consumer goods often requires the use of gases manufactured by industry operators; therefore, an increase in consumer spending indirectly supports revenue for the Oxygen and Hydrogen Gas Manufacturing industry.
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.