Hello, and welcome to the latest instalment of the monthly Bulletin from gasworld’s Intelligence team. This month, we turn our attention to the industrial gases market in the United States – the largest and most mature market globally, supported by a deep and diverse industrial base across chemicals, manufacturing, energy, and healthcare.
In 2024, the US gases market is estimated to have reached a value of $29.1bn, up from $19.4bn in 2014 – representing a compound annual growth rate (CAGR) of 4.17% over the decade. What has driven this steady expansion? What makes the US market unique in its scale, structure, and growth profile? And where do the biggest opportunities lie in a market that is both established and evolving?
The following analysis is derived from our recently produced US Pulse Reports, which are available for purchase here.
Macro context
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