Air Products and Chemicals, Inc. is a major supplier of industrial gases, serving over 170,000 customers across more than 30 industries. The company's core business model revolves around the production and distribution of atmospheric gases (such as oxygen, nitrogen, and argon), process gases (including hydrogen, helium, carbon dioxide, and syngas), and specialty gases. These products are critical inputs for a wide range of sectors, including petroleum refining, chemical manufacturing, electronics, metallurgy, and healthcare. Air Products operates primarily through regional segments: the Americas, Asia, Europe, and the Middle East and India. Across these regions, the company delivers gases through various supply modes, including on-site production facilities built near large-volume customers, pipeline networks, and merchant deliveries via tanker trucks or cylinders. The sale of industrial gases accounts for the vast majority of the company's revenue, with equipment sales—such as air separation units, hydrocarbon recovery systems, and cryogenic containers—constituting less than 10% of total consolidated sales. In recent years, Air Products has invested in hydrogen projects, carbon capture technologies, and sustainable aviation fuel infrastructure. The company's operations are supported by its global footprint, long-term customer contracts, and proprietary gas processing technologies.
