The Great Lakes is home to the fourth largest industrial gas market out of the eight US regions, and revenues were estimated to have reached a total of $3.48bn in 2019. This is up from $2.18bn in 2009, demonstrating a compound annual growth rate of 4.8% for the decade (2009-2019). The region’s economy is largely driven by its manufacturing sector, with global headquarters and major production units of Ford, General Motors and Chrysler.
Industrial gases business
Linde plc has been the clear market leader in the Great Lakes and in 2019 held about 38% of the estimated total market share, mainly due to the Linde-Praxair merger which brought Praxair’s large-scale onsite facilities, producing both air gases and hydrogen, under the name of Linde plc.
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