The traditional commercial gases business is the production or supply of gas in three supply modes and associated equipment supply and support services to end-users. This supply is, generally speaking, split into three core modes: onsite or pipeline supply; bulk supplies (mainly liquid); and packaged gases (cylinder supply).
Though the make-up of the market varies by region or geography, bulk gas distribution is a huge part of the industrial gas supply chain, representing as much as 26% of revenues in 2015 according to gasworld Business Intelligence. In fiscal terms this equated to around $18.6bn of revenues, in a global commercial industrial gases business worth around $71.5bn that year.
Bulk gases are, then, big business. Even when looked at from another perspective, in terms of air gas industry costs, at 40-50% of this expenditure, bulk gas delivery is almost what it says on the tin – a sizeable part of the business model.
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