Industrial Gases Sourcing Intelligence: Industrial Gases category is expected to have pricing growth outlook of 7.42% From 2023 To 2030
Industrial Gases Category - Procurement Intelligence In this Industrial Gases procurement intelligence report, we have estimated the pricing of the key cost components as feedstock (natural gas), energy, labor, logistics, storage, equipment, depreciation, taxes & profits, and other expenses. The average price of natural gas in the United States was approximately USD 6.4 per million British thermal units in the year 2022, whereas in Europe it was USD 40.3 per million British thermal units. The conflict between Russia and Ukraine and the lack of energy supplies that started in 2021 have caused a sharp increase in prices. Given that the United States generates more natural gas than Europe does, prices in Europe are predicted to continue to be higher than in the United States. The United States has benefited greatly from the application of horizontal drilling and hydraulic fracturing technologies to extract previously unheard-of levels of gas from tar sands and shale formations. ...