The potential Praxair-Linde merger may not affect the Asian market on the same scale as in European and North American markets. However, there are a few regions where anti-trust authorities could impose divestments onto the newly combined company.
Linde and Praxair are the current leaders in the Indian industrial gas market and would have a resultant market share of more than 40% when combined. This is likely to cause issues with the Competition Commission of India, especially due to the existing supply scheme plants from both parties that also feature liquefiers.
The combined entity of Praxair and Linde, including both companies’ respective joint ventures, would hold a market share that is unlikely to pose any anti-trust issue at a national level. The main issues that could be posed in the Chinese market exist on a more regional level, where there may be areas of production overlaps and local monopolies.
Any anti-trust issues that could arise in Thailand are likely to revolve around the production of carbon dioxide (CO2). Praxair’s operations in the country are limited to the CO2 business, with the company operating one of the largest LCO2 production complexes in the world in Map Ta Phut. Linde has a slightly larger presence in Thailand than Praxair, operating several ASUs, onsite nitrogen plants and a liquid CO2 plant also in Map Ta Phut.