It’s the gas that feeds the world’s most profitable industries; huge quantities of oxygen are consumed in a multitude of industrial processes, as well as in the healthcare sector.
It’s for this reason that industrial gas companies have been bracing themselves over 2009, hoping that the tough time the oxygen-guzzling sectors have had as a result of the financial crisis will not impact on oxygen revenues too severely.
Oxygen is imperative to a plethora of different processes in the manufacturing, steel, chemicals, petrochemicals and refining sectors, to name just a few.
Globally, the oxygen breakdown for merchant and packaged gas amounts to around 60% manufacturing, which includes around 25% metals and glass, and then fabrication, electronics, food and beverage, and 40% healthcare.
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