Within the US merchant carbon dioxide (CO2) market, changes to patterns in CO2 sourcing and changes in demand regionally, continued to reshape the business in 2019 as they have over the past decade.
The three largest markets in the North America region are the US, Canada and Mexico, with these three markets generating just under $24.7bn in 2018, up from just over $23.3bn in 2017.
Hydrogen remains a solid growth platform for the industrial gas industry. Industrial gas companies supply large quantities of hydrogen through their on-site pipeline (OSP) business that are used by oil and gas refineries, basic and specialty chemical manufacturers, and food processors.
In many ways, the timing for this month’s focus on the Europe market could not be more apt – growth forecasts in Europe have recently been released and the EU looks set to lose one of its members in the UK as ‘Brexit’ comes to fruition.
Rare gases had a good 2018. We saw a stabilization of prices for xenon, a slight decline in neon and a slight increase in krypton, but no wild swings as in many of the past years.
Our first US regional report of 2019 returns to the Rocky Mountains region, the smallest of the regional US markets but a robust and growing market with some notable developments chalked up over the last year.
Having just returned from gasworld’s Asia-Pacific Industrial Gas Conference 2018 in Kuala Lumpur, Malaysia, the sense of optimism for the region as a whole – let alone particular pockets of high growth – was exuded throughout the event and the many conversations within it.
Argon demand has been growing very strongly over the past few years with key markets like fabricated metals, stainless steel, and electronics showing solid growth as the US economy improved and President Donald Trump’s tariffs on foreign steel assisted US steel industry growth.
Since early 2017, helium supply has fluctuated from a slight surplus from the large Qatar 2 production fully onstream, to in-balance with the logistics disruption of the Qatar blockage in June 2017, to tight supply beginning spring 2018 when a series of planned and unplanned outages affected major global supply ...
Incorporating Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont
In 2017, the South Pacific gases market was valued at approximately $3.3bn. This total covers the South East Asian markets of the Philippines, Singapore, Malaysia, Thailand, Indonesia, Vietnam, Laos and Cambodia.
When we profiled the North Pacific industrial gases business last year, we noted how in 2016 the region had for the first time in history eclipsed the size of the European market to become the second-largest industrial gas market in the world, at a value of almost $18bn.