After a slight decline in 2015, the US industrial gas market returned to growth in 2016 by posting total revenues of $20bn – growth of 2%. The key event of 2016 was of course the completion of the Airgas acquisition, by Air Liquide. This propelled Air Liquide to become the ...
gasworld Business Intelligence investigates how the Chemical Activity Barometer relates to the US industrial gases business.
After a rather disappointing year for the global industrial gases business in 2015, many hoped that 2016 would mark the start of a much-needed recovery. Yet, as all major industrial gas companies released their second quarter results, there was little sign of any notable improvement.
Last month, our regional focus highlighted the industrial gas markets of the more developed nations in the South Pacific, analysing how future growth may be sought from the developed markets of Singapore and Australia. This month, we focus on some of the smaller, yet fastest-growing markets in the region.
Last month, the regional spotlight shined on the North Pacific, where economic growth had averaged at 7.5% per annum (p.a.) over the past decade. In the South Pacific, commendable levels of growth have also been achieved over the same period, averaging at 6.8% p.a.
The much anticipated, multi-billion-dollar merger of equals between Praxair, Inc. and The Linde Group has been agreed in a $70bn deal that unites two of the biggest players in the industrial gas industry. But what impact will the union truly have on a global stage?