U.S. Industrial Gas Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Industrial Gas Market - U.S. Industrial Gas Exports Bounce Back, Holding the Leading Share in the Global Trade
Photo: © TTstudio / Bigstockphoto
The U.S. dominates in the global trade of industrial gas, accounting for an X% share (based on USD) of world's exports. It was followed by China (X%), the United Arab Emirates (X%), and France (X%). In 2015, the U.S. exported X million USD on the industrial gas market, which was X% over the previous year's value.
With the exception of a slight decline in 2009, U.S. industrial gas exports showed steady growth from 2007 to 2012, until it flattened in 2013. 2014 was marked by another slight decrease, with exports bouncing back in 2015. In 2010, U.S. industrial gas exports surpassed their pre-recession level of 2008.
Domestic manufacturers enjoyed a new growth driver over the past decade, as U.S. companies improved their positions on overseas markets. However, that driver lost its momentum in the last three years.
Korea (X%), Japan (X%), Canada (X%), and Mexico (X%) were the main destinations of U.S. industrial gas exports in 2015. The shares exported to Korea and Mexico increased (+X percentage points and +X percentage points, respectively), while the shares sent to Japan (-X percentage points) and Canada (-X percentage points) illustrated negative dynamics from 2007 to 2015.
From 2007 to 2015, the U.S. was a net exporter of industrial gas. However, imports grew faster than exports on average over the period under review. Prior to 2013, net U.S. exports of industrial gas showed a consistent upward trend, but this trend turned into a steady decline over the last three years. Nevertheless, this industry still ran a notable trade surplus of X million USD in 2015.
Do you want to know more about the U.S. industrial gas market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- industrial gas market share
- industrial gas prices
- industrial gas industry
- industrial gas sales
- industrial gas market forecast
- industrial gas price forecast
- key industrial gas producers
Source: IndexBox Platform
This report provides an in-depth analysis of the industrial gas market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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