Serving virtually every industrial sector in the global economy with its wide range of productions and applications, 2019 has been a year of transformation for the industrial gases market.
Characterised by the changing of the guard at the Tier One table and the resulting mergers and acquisitions that have trickled down through the industry in the wake of the Praxair-Linde merger, 2019 has seen Taiyo Nippon Sanso make its first significant entry into Europe by purchasing most of Praxair’s European business; Messer acquiring a large part of Linde’s American business, representing its return to the region; and Air Water purchase regional parts of both Linde and Praxair’s companies in India.
2019 brought readjustment to strained supply chains, with the CO2 business continuing to walk that tightrope of supply-demand imbalance and Helium Shortage 3.0 starting the year arguably at its peak and continuing to be a focal point of discussion as the months rolled by.
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