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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