Steady growth for the air gases business: The 2020 US air gases market report


Announcements of domestic air separation unit (ASU) and liquefaction builds and expansions for startup through 2023 indicate that the US air gases business has steadily been improving.

By the end of 2020, four new or expanded ASUs with liquefaction will come on-line and an additional five ASUs and one expansion are planned to come onstream in 2021.

In the last six months, there have been three more ASUs build announcements. Improvements to plant capacities from de-bottlenecking and reaming out of nameplate capacities continues as well. The continued improvement in the economic landscape has led to increasing in demand for oxygen, nitrogen, and argon across a number of sectors, especially in fabricated metals, automotive, and food; and stainless steel and electronics for argon. Production of argon has always been dependent on large volume oxygen production at ASUs. We last reported on the US Air Gases Market in July 2019. In this report, we look at how players are increasing their shares in regional markets to strengthen their overall US Air Gases Market. The upcoming 2020 presidential election weighs on economic prospects for our industry going forward.

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