In addition, industry watchers are placing bullish bets on the sector. "I see a rosy outlook compared with other parts of the chemical industry," says Roger Shamel, president of Lexington, Mass.-based Consulting Resources, of the industrial gas industry. One of the chief reasons for the activity, according to industry observers, is the scope of customers that use gases. They represent a broad slate of industries including electronics, energy, chemicals, metals, health care, aerospace, and food and beverages. In fact, it has been said that gases are used in more industries than any other chemical product. It was Linde's acquisition of BOC that sparked many of the changes in the industrial gas industry.
by William J. Storck |
September 24, 2007