The Southwest Report


The industrial gas market in the US Southwest generated revenues of approximately $3,423.7m in 2020. This comes from $2,812.3m in 2010, indicating a compound annual growth rate of 1.99% p.a. for the decade. The Southwest’s gas market dropped from 3.27% growth in 2019 to -7% in 2020, due to the impact of the pandemic.

The largest gas company in US Southwest was Air Liquide with estimated revenues of $1,051.5m, equating to a market share of 30.7%. Air Liquide’s rivals Linde plc and Air Products followed with estimated revenues of $907.3m and $671.6m, equating to market shares of 26.5% and 19.6% respectively.

The largest revenue generating supply mode in the Southwest was gas delivered by OSP (Onsite and Pipeline Supply), accounting for an estimated $1,642.2m, 48.0% of the total gas market. Cylinder sales were the second largest revenue generator, with approximately $1,043.2m (30.5%) attributable to this mode of supply, then bulk sales of around $658.4m (19.2%).

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