Regional markets: Focus on the Global gases business


Could there be a worse time to be discussing business, industries as growth drivers, and the state of the present financial environment?

There’s certainly been brighter days to have analysed the shape of the industrial gases business and its future outlook, but let’s not be too disheartened by the global gloom that surrounds us.

After all, the gases industry has continued to grow for 25 successive years or more and at a fairly resounding pace too. Despite the economic dejection and fiscal turbulence, the industrial gases industry is expected to have maintained this trend by the close of 2009, albeit at a slightly slower rate.

The outlook is toned down somewhat and double-digit progression could be in question, yet it’s important that some rate of growth is still expected for 2009 by Spiritus Consulting – a sign of optimism that we should perhaps not lose sight of.

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