“Industrial gases” is an umbrella term that refers to everything from hydrogen, helium, and nitrogen to rare gases, and many others.1 In the industry, manufacturing companies automate construction and metal processes using various gases, data analytics, and artificial intelligence.
The industrial gas and engineering industry offers necessary products to many industries around the world.2 It offers oxygen to hospitals, carbon dioxide to metal fabricators, and hydrogen to fuel stations for hydrogen-powered vehicles.
Daily operations include research and development, production, storage, distribution, and maintenance. In recent years, the industry has boomed with innovations in green technologies, robotics with advanced systems, and additive manufacturing. These advancements assist with sustainable production methods, flexibility and efficiency with handling and assembly, and even metal powder production for corrosion resistance. According to Arizton Advisory & Intelligence, the global industrial gas industry is projected to grow at a target 7.30% CAGR by 2028.3
First State holds a position in Linde plc (LIN), which is also in the SPDR Materials (XLB) sector. Our professional wealth managers customize each portfolio to client goals. For a free consultation, contact us at (918) 492-1361.
Sources
1Value Line: Linde plc (LIN)
2Linde plc: Our Gases
3Arizton Advisory & Intelligence Industrial Gas Market Global Outlook & Forecast 2023-2028
This overview is for informational purposes only and is not a recommendation. It should not be the sole deciding factor in making an investment. Investing is a risk and, as with all risks, a positive return is not guaranteed. Past performance does not indicate future results.