The slowly improving economic landscape has led to an increase in demand for oxygen, nitrogen, and argon across various sectors, but especially along the US Gulf Coast where large volumes of gases are required by the chemicals industry.
Announcements of domestic air separation unit (ASU) and liquefaction builds and expansions for start-up through 2019 indicate that the US air gases business will be slow but steady, increasing nameplate (NP) capacity by about 4% in the next few years. This is an improvement from earlier in the decade when economic recessions only allowed improvements to those capacities from de-bottlenecking and reaming out of NP capacities.
In this report, we look at the future of the US air gases market, including the trends and sectors that are driving the increased demand for all three gases and necessitating an increase in total air separation unit and liquefaction capacity.
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