Industrial Gas Manufacturing in the UK - Industry Market Research Report

Bubbling up: Though climbing natural gas prices put pressure on profit, they also boost revenue by raising prices

Industrial gas manufacturing revenue is set to has contracted at a compound annual rate of 1.6% over the five years through 2023-24. Manufacturers suffered from soaring costs for natural gas in 2022, although some of the hike in costs was passed on customers through higher prices. Before this, the COVID-19 pandemic brought about significant disruption to the numerous downstream industries that rely on industrial gases, like food and beverage or steel product manufacturers, cutting demand and limiting sales in 2020-21.

This industry covers companies that manufacture liquefied or compressed inorganic industrial and medical gases. These are then mainly used in industrial processes. The most commonly used industrial gases are oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, carbon monoxide, helium and mixtures of these.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.