[Ranking] TOP 25 Industrial Gases / Chemicals Companies Q3/2023
Intro
The industrial gases industry, a sub-industry of the larger chemicals industry, plays a critical role in powering the worldwide economy. These gases, such as oxygen, nitrogen, and hydrogen, are essential for a wide range of industrial processes and applications.
With their profound influence, industrial gases have a ripple effect across diverse sectors. They enable the production of steel, chemicals, electronics, and even food and beverages. Additionally, these gases are crucial for medical applications, environmental protection, and renewable energy production.
The economic magnitude of the industrial gases industry is impressive and shows an upward trajectory. According to recent reports, the market size is projected to reach $111 billion by 2026, driven by increasing industrialization and the demand for cleaner and more efficient technologies.
Recent trends, breakthroughs, and obstacles are molding the industrial gases industry. The shift towards sustainable practices and the transition to hydrogen as a clean energy source are reshaping the landscape. Furthermore, the industry is adapting to emerging technologies, such as additive manufacturing and carbon capture and storage, to address environmental challenges.
The industrial gases industry operates in an ever-changing landscape, requiring constant innovation and adaptation. The exploration of its leading companies provides insights into the competitive dynamics and strategies within the sector. By examining their operations, investments, and technological advancements, we can understand the forces shaping the industry's future.
Ranking
#25 Asia Industrial Gases Association
Employees: 0.1K
Revenue: 10M$
Website: https://www.asiaga.org/
Description: The Asia Industrial Gases Association (AIGA) is a leading industry association representing the industrial gases sector in Asia. Headquartered in Singapore, AIGA was founded in 2002 with the aim of promoting safety, quality, and sustainability in the production, distribution, and use of industrial gases. The association serves as a platform for collaboration and knowledge sharing among industry stakeholders, including gas producers, distributors, equipment manufacturers, and end-users. AIGA works closely with regulatory bodies and standards organizations to develop and implement best practices in areas such as gas storage, transportation, and workplace safety. Through its initiatives and advocacy efforts, AIGA plays a crucial role in supporting the growth and development of the industrial gases industry in Asia.
#24 Air Water America, LLC
Employees: 0.1K
Revenue: 50M$
Website: https://www.airwateramerica.com
Description: Air Water America, LLC is a leading player in the Industrial Gases industry. Headquartered in Houston, United States, the company specializes in the production and distribution of various industrial gases used in a wide range of applications. With a workforce of approximately 100 employees, Air Water America delivers high-quality gases to the chemical industry, meeting the demands of manufacturers and suppliers. Since its establishment in 2005, the company has experienced steady growth and has become a trusted partner for industrial gas needs. Air Water America generates an estimated annual revenue of 50 million dollars, further solidifying its position in the market.
#23 Gulf Cryo
Employees: 1K
Revenue: 100M$
Website: https://www.gulfcryo.com
Description: Gulf Cryo is a leading player in the Industrial Gases industry, specializing in the production and distribution of gases for various industrial applications. Headquartered in Dubai, United Arab Emirates, Gulf Cryo operates across Asia. With a strong focus on safety, quality, and reliability, the company offers a wide range of gases including nitrogen, oxygen, argon, and carbon dioxide. Gulf Cryo serves diverse sectors such as oil and gas, metallurgy, healthcare, and food processing. Since its establishment in 1996, Gulf Cryo has grown its presence and reputation in the industry, providing innovative solutions and meeting the evolving needs of its customers.
#22 Air Products Malaysia
Employees: 1.5K
Revenue: 450M$
Website: https://www.airproducts.com.my
Description: Air Products Malaysia is a leading player in the Industrial Gases industry in Malaysia. With its headquarters in Kuala Lumpur, the company has been operating since 1974. Air Products Malaysia specializes in the production and distribution of industrial gases, serving a wide range of sectors including chemicals, electronics, healthcare, and food processing. With a workforce of approximately 1.5 thousand employees, the company is committed to providing high-quality and reliable industrial gas solutions to its customers. In addition to its local operations, Air Products Malaysia is also part of the global Air Products and Chemicals, Inc., which is a Fortune 500 company.
#21 Gases Plus
Employees: 2K
Revenue: 500M$
Website: https://www.gasesplus.com
Description: Gases Plus is a leading player in the Industrial Gases industry, operating within the Chemicals sector. Headquartered in New York, United States, Gases Plus has been serving the market since its establishment in 2003. With a workforce of approximately 2,000 employees, the company specializes in the production and distribution of a wide range of industrial gases. Gases Plus caters to various sectors, including manufacturing, healthcare, and energy, providing essential gases such as oxygen, nitrogen, helium, and carbon dioxide. The company's dedication to quality and reliability has contributed to its significant revenue of 500 million dollars.
#20 Buzwair Industrial Gases Factory
Employees: 1.5K
Revenue: 500M$
Website: https://www.buzwairgroup.com/
Description: Buzwair Industrial Gases Factory is a leading player in the Industrial Gases industry. Headquartered in Doha, Qatar, the company was founded in 1954. With a workforce of approximately 1.5K employees, Buzwair Industrial Gases Factory operates with a focus on producing and supplying a wide range of industrial gases to various sectors. The company's offerings include oxygen, nitrogen, argon, carbon dioxide, and other specialty gases that cater to diverse industrial applications. Buzwair Industrial Gases Factory has established itself as a reliable provider of high-quality gases, serving industries such as oil and gas, petrochemicals, construction, healthcare, and manufacturing. With an annual revenue of around 500M$, the company continues to expand its operations and maintain its position as a key player in the industrial gases sector.
#19 Songwon Industrial Co., Ltd.
Employees: 1.5K
Revenue: 1.2B$
Website: https://www.songwon.com
Description: Songwon Industrial Co., Ltd. is a leading player in the Industrial Gases industry. Based in Ulsan, South Korea, the company has been operating since 1965. With a workforce of approximately 1.5 thousand employees, Songwon Industrial Co., Ltd. has established itself as a key player in the market. The company generates an estimated revenue of 1.2 billion USD. Songwon Industrial Co., Ltd. is committed to providing high-quality industrial gases and chemical solutions to meet the evolving needs of its customers. Through continuous innovation and a customer-centric approach, the company has built a strong reputation in the industry.
#18 Yingde Gases Group Company Limited
Employees: 17K
Revenue: 2.3B$
Website: https://www.yingdegases.com
Description: Yingde Gases Group Company Limited is a leading player in the Industrial Gases industry, operating in China. Headquartered in Yingde, the company was founded in 2001. With a workforce of approximately 17,000 employees, Yingde Gases Group is dedicated to the production and distribution of industrial gases. The company offers a wide range of products and services including oxygen, nitrogen, hydrogen, helium, and specialty gases. Yingde Gases Group serves various sectors such as steel, chemical, electronics, and healthcare. With a revenue of 2.3 billion dollars, the company has established itself as a major player in the industrial gases market in China.
#17 Matheson Tri-Gas, Inc.
Employees: 1.5K
Revenue: 2.3B$
Website: https://www.mathesontrigas.com
Description: Matheson Tri-Gas, Inc., based in Montgomeryville, United States, is a leading player in the Industrial Gases industry. Since its establishment in 1927, the company has been providing a wide range of industrial gases and related equipment to various sectors, including chemicals. With a dedicated workforce of approximately 1,500 employees, Matheson Tri-Gas, Inc. offers a diverse portfolio of products and services, including specialty gases, gas handling equipment, and gas distribution systems. The company's commitment to innovation, safety, and customer satisfaction has enabled it to achieve significant revenue growth, with annual revenues reaching around 2.3 billion dollars.
#16 Taiyo Nippon Sanso Corporation
Employees: 7.5K
Revenue: 3.2B$
Website: https://www.taiyobaran.com
Description: Taiyo Nippon Sanso Corporation, headquartered in Tokyo, Japan, is a leading player in the Industrial Gases industry. With a history dating back to 1918, the company has established itself as a reliable provider of a wide range of industrial gases used in various applications. Taiyo Nippon Sanso Corporation operates in the Chemicals industry and specializes in producing and supplying gases such as oxygen, nitrogen, argon, and helium. Their gases are essential in industrial processes, including metal production, electronics manufacturing, healthcare, and food processing. With a workforce of approximately 7,500 employees, the company has achieved a revenue of 3.2 billion dollars, solidifying its position as a key player in the global industrial gases market.
#15 Nippon Gases
Employees: 10.1K
Revenue: 3.2B$
Website: https://www.nippongases.com
Description: Nippon Gases is a leading player in the Industrial Gases industry, specializing in the production and distribution of various gases used in a wide range of industrial applications. With its headquarters in Tokyo, Japan, Nippon Gases has established itself as a key player in the Asian market. Since its founding in 1940, the company has grown significantly, now employing over 10,000 professionals worldwide. Nippon Gases offers an extensive portfolio of industrial gases, including oxygen, nitrogen, hydrogen, and carbon dioxide, catering to diverse industries such as manufacturing, healthcare, and electronics. The company's commitment to innovation and sustainability has positioned it as a trusted partner for businesses seeking reliable and high-quality gas solutions.
#14 Messer Group
Employees: 11K
Revenue: 3.5B$
Website: https://www.messergroup.com/
Description: Messer Group, headquartered in Bad Soden, Germany, is a leading player in the Industrial Gases industry. With a history dating back to 1898, Messer Group has established itself as a trusted provider of gases, including oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, and more. The company serves a wide range of industries, including chemicals, pharmaceuticals, automotive, food and beverage, metals, and electronics. Messer Group is known for its commitment to safety, quality, and sustainability, and it continuously invests in research and development to meet the evolving needs of its customers. With over 11,000 employees, Messer Group generates an annual revenue of approximately 3.5 billion dollars.
#13 Showa Denko K.K.
Employees: 6.2K
Revenue: 3.8B$
Website: https://www.sdk.co.jp
Description: Showa Denko K.K. is a Japanese company operating in the Industrial Gases industry. Headquartered in Tokyo, Japan, the company was founded in 1939. With a workforce of approximately 6,200 employees, Showa Denko K.K. focuses on the production and distribution of industrial gases within the chemicals sector. The company has established itself as a leading provider of high-quality industrial gases, catering to a wide range of industrial applications. Showa Denko K.K. generates an annual revenue of around 3.8 billion US dollars, contributing to its strong presence in the market. By delivering reliable and efficient industrial gas solutions, the company plays a crucial role in supporting various industries and their manufacturing processes.
#12 Iwatani Corporation
Employees: 6.5K
Revenue: 4.9B$
Website: https://www.iwatani.co.jp/en/
Description: Iwatani Corporation, headquartered in Osaka, Japan, is a leading player in the Industrial Gases industry. Since its establishment in 1920, the company has been dedicated to the production and distribution of a wide range of industrial gases, including hydrogen, oxygen, nitrogen, and helium. With a workforce of approximately 6,500 employees, Iwatani Corporation operates across Asia, Europe, and the Americas, serving diverse sectors such as manufacturing, healthcare, electronics, and energy. The company's expertise lies in providing customized gas solutions to meet the specific needs of its customers, while also focusing on sustainable practices and technological advancements. With a revenue of 4.9 billion dollars, Iwatani Corporation continues to drive innovation and contribute to the growth of the Chemicals industry.
#11 Taiyo Toyo Sanso Corporation
Employees: 3.9K
Revenue: 8.5B$
Website: https://www.taiyotoyosanso.co.jp/
Description: Taiyo Toyo Sanso Corporation, headquartered in Tokyo, Japan, is a leading player in the Industrial Gases industry. Established in 1947, the company specializes in the production and distribution of various industrial gases used in a wide range of applications. Taiyo Toyo Sanso provides gases such as nitrogen, oxygen, argon, helium, and hydrogen, catering to industries such as chemicals, electronics, metal fabrication, and healthcare. With a workforce of approximately 3.9 thousand employees, the company has achieved an impressive revenue of 8.5 billion dollars. Through its innovative solutions and commitment to quality, Taiyo Toyo Sanso continues to be a key player in the global industrial gases market.
#10 Air Products And Chemicals, Inc.
Employees: 16K
Revenue: 8.9B$
Website: https://www.airproducts.com
Description: Air Products And Chemicals, Inc., headquartered in Allentown, United States, is a leading company in the Industrial Gases industry. Founded in 1940, the company operates globally and specializes in producing and supplying atmospheric gases, process and specialty gases, and equipment for a wide range of industries including oil and gas, food and beverage, healthcare, and electronics. With a workforce of approximately 16,000 employees, Air Products And Chemicals, Inc. generates an annual revenue of 8.9 billion dollars. The company's commitment to innovation and sustainability has positioned them as a trusted partner for customers seeking reliable and efficient solutions in the industrial gases sector.
#9 Air Water Inc.
Employees: 30K
Revenue: 10B$
Website: https://www.airwater.com
Description: Air Water Inc. is a leading company in the Industrial Gases industry. Headquartered in Los Angeles, United States, the company was founded in 1951. With a workforce of approximately 30,000 employees, Air Water Inc. specializes in the production and distribution of industrial gases. The company offers a wide range of gases, including oxygen, nitrogen, argon, and carbon dioxide, which are used in various industrial applications. Air Water Inc. serves customers across different sectors, such as healthcare, manufacturing, electronics, and automotive. With a revenue of 10 billion dollars, the company has established a strong presence in the market and continues to contribute to the growth of the Chemicals industry.
#8 Airgas, Inc.
Employees: 18K
Revenue: 11B$
Website: https://www.airgas.com
Description: Airgas, Inc., headquartered in Radnor, United States, is a leading company in the Industrial Gases industry. Founded in 1982, Airgas specializes in the production and distribution of various industrial gases used in a wide range of applications. With a workforce of approximately 18,000 employees, the company operates across North America, serving customers in sectors such as manufacturing, healthcare, petrochemical, and food processing. Airgas generates an impressive annual revenue of 11 billion dollars, making it a significant player in the Chemicals industry.
#7 Praxair, Inc.
Employees: 26K
Revenue: 11.2B$
Website: https://www.praxair.com
Description: Praxair, Inc. is a leading industrial gases company based in Danbury, United States. With a history dating back to 1907, Praxair specializes in the production and distribution of atmospheric gases, such as oxygen, nitrogen, and argon, as well as process gases and specialty gases used in various industries including chemical, manufacturing, healthcare, and electronics. The company operates in North America, South America, Europe, and Asia, serving a diverse customer base with its wide range of products and services. Praxair has established a strong presence in the global industrial gases market and continues to innovate and develop sustainable solutions to meet the evolving needs of its customers.
#6 Solvay SA
Employees: 24K
Revenue: 11.3B$
Website: https://www.solvay.com
Description: Solvay SA, headquartered in Brussels, Belgium, is a leading company in the Industrial Gases industry. Founded in 1863, Solvay operates globally and has a workforce of approximately 24,000 employees. The company generates an annual revenue of 11.3 billion US dollars. Solvay is a major player in the Chemicals sector, specifically focusing on the production and distribution of industrial gases. With a rich history spanning over a century, Solvay continues to innovate and provide essential gases for various industrial applications, contributing to the growth and development of numerous industries worldwide.
#5 Mitsui Chemicals
Employees: 26K
Revenue: 15B$
Website: https://www.mitsuichem.com/
Description: Mitsui Chemicals, headquartered in Tokyo, Japan, is a leading player in the Industrial Gases sector within the Chemicals industry. With a history dating back to 1912, the company has grown to employ approximately 26,000 people worldwide. Mitsui Chemicals generates an impressive annual revenue of 15 billion USD. The company is focused on the production and distribution of industrial gases, catering to various industries such as manufacturing, electronics, and healthcare. Leveraging its expertise in chemical manufacturing, Mitsui Chemicals delivers high-quality gases that are essential for a wide range of industrial applications.
#4 China National Offshore Oil Corporation (CNOOC)
Employees: 17K
Revenue: 15B$
Website: https://www.cnooc.com.cn
Description: China National Offshore Oil Corporation (CNOOC) is a leading player in the Industrial Gases industry. Headquartered in Beijing, China, CNOOC operates in the chemicals sector, specifically focusing on industrial gases. Since its establishment in 1982, CNOOC has grown to become a major player in the industry, employing approximately 17,000 people. The company generates significant revenue, with an estimated annual revenue of 15 billion USD. CNOOC's expertise in industrial gases contributes to the overall growth and development of the chemicals sector in China.
#3 Air Liquide
Employees: 66K
Revenue: 21.9B$
Website: https://www.airliquide.com/
Description: Air Liquide is a leading company in the Industrial Gases industry, operating in the Chemicals sector. With its headquarters in Paris, France, Air Liquide has a strong presence in Europe. The company was founded in 1902 and has grown to employ approximately 66,000 people worldwide. Air Liquide generates an annual revenue of 21.9 billion US dollars. As a key player in the Industrial Gases sector, Air Liquide provides a wide range of gas solutions for various industries, including healthcare, energy, and manufacturing. The company's expertise lies in producing and distributing gases such as oxygen, nitrogen, and hydrogen, as well as related services and technologies.
#2 Linde Plc
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: Linde Plc, headquartered in Munich, Germany, is a leading company in the Industrial Gases industry. Founded in 1879, the company operates in the Chemicals sector, specifically focusing on the production and distribution of industrial gases. With approximately 80,000 employees worldwide, Linde Plc is recognized for its extensive range of products and services, including atmospheric gases, process gases, and specialty gases. The company serves a wide range of industries such as healthcare, manufacturing, food and beverage, and energy. Linde Plc generates an annual revenue of 28 billion dollars, solidifying its position as one of the largest players in the global industrial gases market.
#1 The Linde Group
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: The Linde Group is a global leader in the Industrial Gases industry, operating in the Chemicals sector. Headquartered in Munich, Germany, the company was founded in 1879. With a workforce of approximately 80,000 employees, Linde provides a wide range of industrial gases, including oxygen, nitrogen, hydrogen, and argon, to various industries such as manufacturing, healthcare, and energy. The company's innovative gas solutions contribute to the development of sustainable technologies and help customers improve their efficiency and productivity. Linde generates annual revenue of around 28 billion dollars, making it one of the largest players in the global industrial gases market.
Summary
The analysis of the top companies in the Industrial Gases sub-industry of the Chemicals sector reveals some interesting insights. Air Liquide, Linde, and Air Products & Chemicals emerged as the leading players in this field.
One unexpected finding is the significant growth in the demand for industrial gases driven by the rise in the manufacturing and healthcare sectors. This has created new opportunities for these companies to expand their operations and invest in innovative technologies.
Air Liquide, a global leader in industrial gases, operates in over 80 countries and provides a wide range of gases, such as oxygen, nitrogen, and hydrogen, to various industries. Linde, another major player, has a strong presence in the Americas, Europe, and Asia, offering gases, engineering services, and technology solutions. Air Products & Chemicals, with its comprehensive portfolio of gases and chemicals, serves customers in the energy, electronics, and healthcare sectors.
These top companies share a common approach of investing heavily in research and development to develop cutting-edge technologies and solutions for their customers. They also prioritize sustainability by focusing on reducing emissions and promoting energy efficiency in their operations.
What sets these eminent companies apart from their competitors is their global footprint and extensive distribution networks. This allows them to provide reliable and timely supply of industrial gases to customers around the world. Additionally, their strong customer relationships and commitment to delivering high-quality products and services have helped them establish a reputation for excellence in the industry.