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Compressed Air Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Compressed Air in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Compressed Air Price Trend for the First Half of 2023
The market for compressed air struggled in 2023 as the demand from the downstream sectors oscillated throughout the first quarter. In addition to this, the declining cost of natural gas and support from the end-user sector added to the existing challenges for the price trend. The second quarter, however, supported the growth of compressed air prices as the cost of its constituent gases inclined gradually. The market activities were further supported by an increase in the purchasing potential of buyers, consistent demand, and improvement in the sales of automotive industries.
The European markets of compressed air showcased a positive trajectory in the first quarter of 2023 as the demand for individual gases inclined. The downstream industries, such as automotive and packaging, witnessed positive growth during this quarter, raising the prices of compressed air. The second quarter, however, did not follow this trend and prices declined gradually. The major causes of this sudden fall were the challenging market dynamics, the reluctance of buyers, and the plunging economic conditions of the European countries.
In North America, the prices of compressed air followed a southward trajectory as the demand sector was negatively influenced by the low number of inquiries, declining interest of consumers, and plunging market sentiments. In addition to this, the weak economic conditions of the region affected the purchasing appetite of buyers, which ultimately led to the fall in the price trend of compressed air.
According to Procurement Resource, the price trend of Compressed Air is estimated to decline in the upcoming quarters as the global demand scenario seems to be under the pressure of the weak performance of the economy.
Procurement Resource provides latest prices of Compressed Air. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Compressed Air refers to the air stored under a pressure that is greater than atmospheric pressure. In industrial processes, it serves as an important medium for transfer of energy and is utilised for power tools. It is an excellent medium for storing and transmitting energy as it is flexible, versatile, and relatively safe compared to other energy storing solutions like batteries and steam. It can be found as a compressed air brake in vehicles and is also used as a breathing gas by underwater divers.
|Pneumatics, Air tools, HVAC control systems, Pharmaceuticals, Vehicle propulsion, Energy storage, Air brakes, Underwater diving, Refrigeration , Air-start systems in engines, Ammunition propulsion, Sandblasting in machine shops, Injection moulding, Food and beverage capping and fermentation, Chemical manufacturing
|Ingersoll Rand Inc, Atlas Copco AB, General Electric Company, Siemens AG, Sulzer Ltd, Stanley Black & Decker, Inc.
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In order to produce Compressed Air, air is first trapped in a cylindrical tank or some other container. Then, the air molecules of the trapped air are forced to come closer by decreasing the space in that tank. Finally, the air gets compressed and remains trapped in this smaller state, waiting to expand again until its utilisation.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103