The West Coast of the US – also known as the Pacific Coast or the Pacific Seaboard – is the coastline along which the Western US meets the North Pacific Ocean. For our purposes it includes the contiguous US states of California, Oregon, and Washington, plus Alaska and Hawaii. But California dominates, it is safe to say, and is the focus for a lot of activity and innovation in industrial gases, with Oregon and Washington some way back.
The size of the market
The industrial gas market in the West Coast region generated revenues of approximately $4,590.3m in 2022. This is up from $2,542.5m in 2012, indicating a compound annual growth rate of 6.09% per annum for the decade – striking growth compared with many other US regions.
The largest gas company was Air Liquide with estimated revenues of $1,276.9m – equating to a market share of 27.8%. The next largest companies were Linde plc and Air Products, with estimated revenues of $1,072.3m and $590.3m, equating to market shares of 23.4% and 12.9% respectively.
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