The global industrial gases industry – and its role within broader industry and society – has evolved significantly over the last two decades. Its importance only continues to grow across end-user applications and walks of life.
Even in the context of decarbonisation and a clean energies transition that sees some consider industrial gases ‘dirty’ or conventional, the industry is more pivotal than ever; this is a business that’s cleaner, more progressive and more imaginative than ever before.
Likewise, the industry, its structure and its nuances are a far cry from our traditional view of it at the turn of the century – or even 10 years ago. Major mergers and acquisitions have taken shape up and down the value chain; familiar forces have been reimagined, new entrants have broken into the market, and the pace of change in business models, technologies and new normals has only accelerated.
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