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US demand for Speciality Gases to grow 3.6% annually to 2013

Report Buyer press release announcing new report entitled "Speciality Gases: US industry forecasts for 2013 & 2018"

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Aug 27, 2009 -
Report Buyer, the online destination for business intelligence for major industry sectors, has added a report.

According to the report “Speciality Gases: US industry forecasts for 2013 & 2018” available at http://www.reportbuyer.com/go/FED00056 demand for specialty gases in the US is forecast to expand 3.6 percent per annum through 2013 to $3.4 billion. High purity atmospheric gases and noble gases will lead demand growth, which will be driven primarily by gains in manufacturing and health care. Additionally, growth will be driven by new or emerging applications in areas such as food and beverage processing and packaging and medical research.

The 242 page report states that atmospheric gases, mostly oxygen, will comprise nearly half of the healthcare market in 2013. Oxygen for institutional and home respiratory therapies will lead growth, though this will be limited by increased use of portable generators or concentrators. Other important medical applications for specialty gases include sterilisation, analytical and laboratory uses, operation of imaging equipment and anaesthesia. Aside from oxygen, the key gases used by the medical community include helium, nitrous oxide, and ethylene oxide. The ageing population will fuel moderate growth in institutional specialty gas demand, more rapid growth in home health therapies.

The electronics industry in the US will remain a significant market for specialty gases, however, its importance as a growth market has faded, primarily as the result of outsourced production to other nations. The US electronics industry’s output has flattened or declined in recent years, a trend that will result in stagnant or weakening specialty gas demand, and market increases in this area will be the result of price escalation rather than higher volume.


The report “Speciality Gases: US industry forecasts for 2013 & 2018?” is available from Report Buyer at:
http://www.reportbuyer.com/industry_manufacturing/chemic ...

Report Buyer product ID: FED00056

About Report Buyer.
Report Buyer (http://www.reportbuyer.com/industry_manufacturing/chemic ...) is the independent online store for global business information. The website now lists more than 100,000 company overviews, market research reports, industry studies and business books from over 290 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

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Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare.

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Industry:Gas
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Last Updated:Aug 27, 2009
Shortcut:http://prlog.org/10323756
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