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Industrial Gases: Steady Advance

8:12 AM MST | January 9, 2012 | Vincent Valk

Industrial gases firms expect demand and earnings to grow again in 2012 as new capacity comes onstream and manufacturing growth in emerging markets offsets weakness in developed economies, particularly Europe. Air Products sees the global industrial gas market averaging 9% annual demand growth from now through 2015, CEO John McGlade says. Growth is expected to average about 6%/year in developed economies and a much stronger 15%/year in higher-growth emerging economies, McGlade adds. Airgas chairman and CEO Peter McCausland says that strong manufacturing will...

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