USA Industrial Gas Market Report 2017

USA Industrial Gas Market Report 2017

  • October 2017 •
  • 52 pages •
  • Report ID: 5161739 •
  • Format: PDF
The USA’s industrial gas market was the largest in the world. It currently has about 27.1% share of the global industrial gas market. The market in the USA grew at a CAGR of 0.4% in the historic period and is expected to grow at a CAGR of 2.1% in the forecast period. This is mainly due to the presence of a large number of automotive, food and beverages and oil and gas companies, which is driving the demand for the industrial gases in the country.

Nitrogen was the largest segment in the industrial gas market with over 30% share of the market. Nitrogen had the largest share in the country due to the presence of established pharmaceutical, food processing and general manufacturing industries that widely use nitrogen in their manufacturing. Oxygen was the second largest segment with around 26% share of the industrial gas market. Carbon Dioxide was the third largest segment with around 12% share of the industrial gas market.

The U.S. holds the largest share of the industrial gas market in North America followed by Canada and Mexico. A weak manufacturing sector and a decline in oil and gas extraction has led to a decline in Canada’s GDP. This decline is expected to restrain the growth of the industrial gas market. Praxair is the largest industrial gas company in Canada, followed by Air Liquide and Linde Group.
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