After a rather disappointing year for the global industrial gases business in 2015, many hoped that 2016 would mark the start of a much-needed recovery. Yet, as all major industrial gas companies released their second quarter results, there was little sign of any notable improvement.
However, the second half of 2016 gave a glimmer of hope for the industrial gases business, as global output growth started to improve and energy pricing began to show signs of stability. Analysis conducted by gasworld Business Intelligence showed that in Q4 2016 the global economy improved marginally, but remained challenging.
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