CHEMICALS
Industrial Gas
World’s Most Productive Companies
Industrial Gas
Industrial Gas companies supply atmospheric and process gases under long-term contracts. Productivity rests on dense distribution networks, on-site plants, and steady, contracted demand.
2025 was a softer year, with the group near its 2019 baseline. Linde stood out as a World’s Most Productive Company, reaching 1.06. None of the companies improved on the year, a broad-based decline.

Industrial Gas World's Most Productive Companies
Productivity Snapshot
- Industrial Gas ranks second of eight Chemicals peer groups in 2025, at an Industrial Productivity Index of 0.99, near its 2019 baseline.
- 0 of 5 companies grew productivity in 2025.
- It is the group’s World’s Most Productive Company: Linde (1.06).
- The group eased in 2025 and sits near its 2019 baseline, with its scaled leader holding above the pack.
Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?