A bit foggy: Improved downstream activity will boost demand while higher energy prices threaten margins

As a result of increased manufacturing activity, greater consumer spending and rebounding energy prices, revenue for the Oxygen and Hydrogen Gas Manufacturing industry is expected to increase over the five years to 2018. From 2013 to 2015, demand from highly cyclical markets, such as energy producers and metal and chemical manufacturers, sharply declined due to plummeting oil, gas and commodity prices, causing a sharp decline in industry revenue. However, industry revenue rebounded in 2016 and 2017, as rebounding commodity prices and increasing US manufacturing activity boosted demand for gases manufactured by industry operators. Over the five years to 2023, a projected annualized increase in consumer spending will support demand for manufactured consumer goods...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
5.0%
Forecast Growth 18-23
Profit
Employment
12,348
Businesses
456

Industry Threats & Opportunities

  • Increased demand from key downstream markets will boost revenue
  • Energy is one of the largest costs in the production of industrial gases
  • Increasing refining activity will yield a greater need for industrial gases, benefiting the industry
  • Industry Report - Industry Products Chapter

    The Oxygen and Hydrogen Gas Manufacturing industry manufactures various industrial gases, which are derived from the air by a process of separation, processed from natural gas or petroleum or produced by chemical synthesis (i.e. the construction of complex chemical compounds from simpler ones).Nitrogen, oxygen and other air-separated gasesCommon air-separated gases include key industry products such as oxygen and nitrogen. Nitrogen's share of total industry revenue, an estimated 18.4% in 2018, has increased over the past five years. Nitrogen has a variety of uses, including preserving packaged foods by stopping the oxidation process and producing electrical parts like transistors and integrated circuits. Cry...purchase to read more.

    Additional Insights for the Oxygen & Hydrogen Gas Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oxygen & Hydrogen Gas Manufacturing Industry are

  • Effective cost controls
  • Having contacts within key markets
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Industrial production index in the Oxygen & Hydrogen Gas Manufacturing industry impact industry performance..

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    What's in this report

    What is the Oxygen & Hydrogen Gas Manufacturing Industry?

    This industry manufactures organic and inorganic industrial gases in various forms, including compressed, liquid and solid (i.e. dry ice). Examples of industrial gases include oxygen, hydrogen, helium, nitrogen and carbon dioxide. These gases are then supplied to a diverse range of customers, including industrial and medical users. Key inputs for the industry include electricity and natural gas.

    Industry Products
  • Argon and hydrogen
  • Oxygen
  • Nitrogen
  • Other gases
  • Fluorocarbon gases
  • Carbon dioxide
  • Industrial manufacturing, misc.
  • Industry Activities
  • Manufacturing industrial organic gases
  • Manufacturing industrial inorganic gases
  • Hydrogen
  • Oxygen
  • Helium
  • Nitrogen
  • Carbon dioxide
  • Acetylene
  • Fluorocarbon gases
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Industrial production index
  • Demand from oil and gas extraction
  • Demand from primary metal manufacturing
  • Price of electric power
  • Regulation for the Oxygen & Hydrogen Gas Manufacturing industry

  • Current Performance
  • Vacillating demand from buying markets
  • Costs and profit
  • Increased employment and merger activity
  • Trade conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Rising costs
  • Merger activity
  • Trade conditions
  • Table: Oxygen & Hydrogen Gas Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oxygen & Hydrogen Gas Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Water Supply & Irrigation Systems
  • Construction
  • Petroleum Refining
  • Semiconductor & Circuit Manufacturing
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Coal & Natural Gas Power
  • Fertilizer Manufacturing
  • Natural Gas Distribution

  • Products & Services
  • Argon and hydrogen
  • Nitrogen
  • Industrial manufacturing, misc.
  • Other gases
  • Fluorocarbon gases
  • Oxygen
  • Carbon dioxide
  • Chart: Oxygen & Hydrogen Gas Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • General manufacturing
  • Other
  • Metal manufacturing
  • Energy production and refining
  • Chemical manufacturing
  • Electronics manufacturing
  • Healthcare
  • Exports
  • Chart: Major Market Segmentation for the Oxygen & Hydrogen Gas Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesRent & UtilitiesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Oxygen & Hydrogen Gas Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oxygen & Hydrogen Gas Manufacturing Industry

  • Industry Globalization
    Praxair Inc., Air Products and Chemicals Inc., Air Liquide SA, The Linde Group,
  • Table: Praxair Inc. - financial performance
  • Table: Air Products and Chemicals Inc. - financial performance
  • Table: Air Liquide SA - financial performance
  • Table: The Linde Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Oxygen & Hydrogen Gas Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oxygen & Hydrogen Gas Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Air Separation
  • The process of separating atmospheric air into nitrogen, oxygen and other gases.
  • Argon
  • A byproduct of the production of oxygen and nitrogen.
  • Tonnage Users
  • Large-volume users that typically receive the gas in question via direct pipeline from an on-site production facility.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Oxygen & Hydrogen Gas Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Oxygen & Hydrogen Gas Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oxygen & Hydrogen Gas Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oxygen & Hydrogen Gas Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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