Industry News

Industrial Gas Market: Linde-Praxair Merger to Change the Game

The merger of Praxair and Linde would change the dynamics of industrial gases business in the Indian subcontinent. India Industrial gases market is forecast to exhibit a CAGR of over 12% during 2017-2026, on account of rising demand from metallurgy sector, particularly steel. Moreover, capacity expansion by the end users of industrial gases that include automobile, refinery and chemical industry would promulgate the demand for industrial gases in India.

India has increased their focus on development of industrial infrastructure. The Indian government has planned to build industrial corridors in the country with major thrust on manufacturing sector. The growth in manufacturing sector and likely implementation of National Steel Policy, 2017 would drive the metallurgy industry in India.

India Steel Production of Large & MSME Players, FY2017 & FY2031 (Million Tons)


                 Source: Joint Plant Committee, Ministry of Steel

Expansion of petrochemical complexes, increasing consumption of chemicals & fertilizers and rising use of enhanced oil recovery techniques in oilfields is anticipated to boost demand for industrial gases in the country in the coming years. The automobile sector of India has witnessed rapid growth between 2012 and 2016 which is a big boost for manufacturing sector.


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The competition in industrial gases business in India is high due to large number of players and the merger of two major players would result in higher influence of the merged entities. Praxair and Linde have adequate technical expertise which will help them to synergize the growth of industrial gases business in the region.
Praxair and Linde would gain manor market due to their merger. Mergers and acquisitions will lead to an increased value generation for these two companies. Moreover, mergers and acquisitions will also help in generating cost efficiency through the implementation of economies of scale.

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