September 2026 — The world’s three largestindustrial gas companies — Linde, Air Liquide, and Air Products — haveannounced new Asia investment plans in quick succession. Linde will build anelectronic specialty gas plant in Singapore; Air Liquide signed a marinehydrogen fuel supply deal with Hyundai Heavy Industries; Air Products isexpanding medical oxygen capacity in India. Meanwhile, the International GasAssociation (IGA) released a report in London: the global industrial gas marketis projected to reach $1.2 trillion in 2026, with Asia-Pacific contributingover 40% of growth. Analysts say liquid hydrogen storage, electronic specialtygases, and carbon-capture-related gas equipment are becoming key areas ofmultinational competition.