Almost three quarters into 2022, industrial gas companies continue to deliver growth in an incredibly challenging backdrop of macroeconomic, geopolitical, and ongoing operational and talent challenges. The Tier-One players seem to be performing well under these circumstances delivering strong financial performance, and the US Independent Distributors (IDs) segment also continues to carve out its fair share of growth as well.
On one hand, they are more impacted by some of these challenges than the majors (talent, being one example), but on the other side, their local/regional footprints have enabled them to move faster and react more quickly to changing customer needs. This speed and flexibility have enabled some of the segment’s high performers to deliver much stronger growth performance than the industry average.
As a result, we take a closer look at the ID segment, starting with market dimensions, segment trends, challenges and opportunities, then conclude with an industry/segment outlook.
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