Industrial Gases

Industrial gases demand thus far has been immune to the recent economic slowdown in North America, with all major players posting solid revenue growth in 2007. Global industrial gases sales were $55.4 billion in 2007, up 7% from 2006, due to volume growth, higher selling prices, and currency exchange effects, says John Campbell, president of consulting firm J.R. Campbell & Associates (Lexington, MA). Top industry players Air Liquide, Air Products, Airgas, and Praxair each posted double-digit profit improvement. All forecast a similarly strong 2008. Linde, the...

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