December 2000

Trends and Resources

HP Impact: Industrial gases to gain 6.5%/yr

U.S. shipments of industrial gases are forecast to increase 6.5%/yr to $6.2 billion in 2004. The market is heavily reliant on the metal and chemical processing industries, which are for..

Weirauch, Wendy, Hydrocarbon Processing Staff

U.S. shipments of industrial gases are forecast to increase 6.5%/yr to $6.2 billion in 2004. The market is heavily reliant on the metal and chemical processing industries, which are forecast to see "moderate expansion" over the next few years. So says a recent study from The Freedonia Group (www.freedoniagroup.com). Rapid annual gains are forecast to arise in the petroleum refining, enhanced oil recovery and water treatment sectors, providing expanding outlets for industrial gases.    Nitrogen and oxygen will continue to dominate industrial gas shipments. Because capital and production costs for these ar

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