The Mountains region is the smallest industrial gas market in the US, however it contains the US’ largest independent distributor as well as some growing market segments.
The region’s industrial gas market generated revenues of approximately $644m in 2018, up from $555m in 2008, indicating an average annual growth rate of 2% p.a. for the decade.
In 2018, the largest industrial gas company in the Mountains region – Colorado, Idaho, Montana, Utah and Wyoming – was Praxair, which accounted for $216m in revenue. The company operated a relatively large number of onsite ASUs in the region, with the largest of these facilities being a 1,400 tpd facility commissioned in Utah.
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