CLEVELAND, Aug. 31, 2017 /PRNewswire/ -- US demand for industrial gases is forecast to reach $6.8 billion in 2021, according to Industrial Gases: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from expanding manufacturing activity, which will drive demand for industrial gases in the production of a variety of durable and nondurable goods. In particular, increasing activity in oil and gas production will stimulate gains.
Growth in demand for hydrogen and argon, considered together, is expected to account for the largest share of gains among the segments. A rising volume of refined petroleum production attributed to diesel fuels will stimulate demand. Increasing natural gas prices – which suppliers seek to pass on to customers in the form of price increases – will support value growth. Suppliers will also experience greater demand for argon, as expanding metal production will stoke gains.
These and other key insights are featured in Industrial Gases: United States. This report forecasts US industrial gas demand and shipments in US dollars at the manufacturers' level to 2021. Total demand is segmented by product in terms of:
- hydrogen and argon
- carbon dioxide
- other gases such as helium and acetylene
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Industrial-Gases-United-States-FF35029/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group