When we profiled the North Pacific industrial gases business last year, we noted how in 2018 the region had for the first time in history eclipsed the size of the European market to become the second-largest industrial gas market in the world, at a value of almost $20bn.
Linde has announced the signature of a long-term agreement with ExxonMobil Asia Pacific Pte. Ltd. to support the latest multi-billion dollar expansion of the company’s integrated manufacturing complex in Singapore.
The global helium business is never far from the headlines and with the market currently crunched, as a backdrop of growing demand is met by an ever-decreasing capacity on the commercial table, industry strives for more information on the future dynamics in this sector.
The industrial gases business is on the verge of a whole new wave of growth and development, as various global megatrends shape the way the industry moves forward.