October 2010

Trends and Resources

HP Impact: Industrial gas demand expanding

The Freedonia Group says that world demand for industrial gases will increase 8% annually to $52 billion in 2014 (Table 1). Volumetric consumption will expand 5% per year to 530 billion cubic meters i..

Thinnes, Billy, Hydrocarbon Processing Staff

The Freedonia Group says that world demand for industrial gases will increase 8% annually to $52 billion in 2014 (Table 1). Volumetric consumption will expand 5% per year to 530 billion cubic meters in the same year. Industrial gases are used throughout the world in numerous applications, but the nations of fastest growth will be the emerging industrial economies of the Asia-Pacific region, especially China and India. Countries with advanced, highly developed industrial economies will grow more slowly. Other developing regions (Central and South America and Africa-Middle East) will also experience above-average growth. Industrial gases used by the chemical processing and petroleum

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