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.
The region’s industrial gas market produced revenues of approximately $595m in 2017. This was up from $432m in 2007, indicating a compound annual growth rate of 3.25% p.a. for the decade. The region has experienced strong levels of growth over the last decade, peaking at 10% year-on-year (YoY) growth in 2013. However, there was a decline during the financial crisis of 2008-09, when the market decreased in value by 7.5% in 2009.
End-user market
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