A year of transformation: 2019 financial analysis


2019 has been a year of transformation in the competitive structure of the industrial gases market.

The Linde-Praxair merger required divestment of substantial business assets including most of Praxair’s European business (sold to Taiyo Nippon Sanso, representing its first significant entry into the region), part of Linde’s American business (primarily to Messer, representing its return to the region) and most of Linde’s South Korean business (to local investors) and regional parts of both companies in India (to Air Water).

The industrial gases industry serves virtually every industrial sector in the global economy with its wide range of products and applications and as such, is often seen as a bell-weather indicator of the global economy, while substantially driven by its slower development in 2019. gasworld regularly monitors the performance of Tier One gas companies along with key sectors which are closely linked to the industrial gases industry, such as welding, equipment suppliers and new technologies.

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