As the 2015 industrial gas year drew to a close, many of the ongoing trends within the industry – and externally – showed no signs of abating. Indeed, midway through 2016 these same dynamics appear to continue; though underlying growth in sales and volumes generally remains relatively strong, the global economy continues to be challenging in equal measure.
All of which leaves the industrial gases industry doing everything it can to reconcile with the hand it is being dealt, including continued restructuring and cost containment initiatives – some more high-profile than others.
This was very much the case in fourth quarter 2015. Analysis of the quarter by gasworld Business Intelligence showed that global output growth slowed again and the global economy remained challenging. Providing a fitting conclusion to the year, the period exemplified trends observed in the three proceeding quarters.
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