Air Products and Chemicals, Inc., headquartered in Allentown, Pennsylvania, USA, is a global leader in industrial gases and chemical manufacturing, with a strong focus on sustainability-driven solutions. With over 80 years of operational excellence, the company delivers essential gases, technologies, and equipment that support energy, environmental, and industrial markets worldwide.
Core Business
Air Products provides atmospheric gases (oxygen, nitrogen, argon), process gases (hydrogen, helium, carbon dioxide), and specialty gases (neon, krypton, xenon) to a wide range of industries including refining, chemicals, metals, electronics, food, and healthcare. The company also develops equipment and solutions for liquefied natural gas (LNG) production, hydrogen fueling infrastructure, and gas separation technologies.
The company’s business is structured into the following segments:
- Industrial Gases – Americas
- Industrial Gases – EMEA (Europe, Middle East, Africa)
- Industrial Gases – Asia
- Global Gases and Equipment
Product and Service Offerings
Air Products offers a comprehensive portfolio that includes:
-
Atmospheric Gases
-
Process Gases
- Hydrogen
- Helium
- Carbon Dioxide
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Specialty Gases
-
Equipment & Technologies
- Cryogenic air separation units
- Hydrogen fueling stations
- LNG heat exchangers and process technologies
- Membrane separators for gas purification
The company also provides engineering services and plant optimization solutions tailored to customer-specific needs.
Specialization and Core USP
Air Products is globally recognized for its pioneering efforts in hydrogen energy, LNG technology, and sustainable gas solutions. Its core USPs include:
- One of the world’s largest suppliers of hydrogen and helium
- Leading global producer of LNG technology and equipment
- Developer and operator of world-scale industrial gas complexes
- Early mover in the green hydrogen economy through multi-billion-dollar projects
Air Products differentiates itself through integrated offerings that combine gases, equipment, and expertise to deliver performance, safety, and sustainability.
Financial Overview
Air Products is a publicly traded company (NYSE: APD) with a strong financial position:
- Revenue (FY 2023): $12.6 billion
- Operating Income: $2.8 billion
- Net Income: $2.3 billion
- Market Capitalization (March 2024): Approx. $60 billion
- Employees: Over 23,000 worldwide
- Presence: Operations in more than 50 countries
Consistent dividends for over 40 consecutive years and a strong credit rating (A by S&P, A2 by Moody's) underscore its financial stability.
Shipment and Export Data
Air Products ships a wide range of gases in compressed, liquid, and cryogenic forms globally. Its production and distribution network includes:
- More than 750 production facilities
- Over 1,800 miles of industrial gas pipelines
- Bulk, microbulk, and on-site delivery systems
- Export hubs for LNG and industrial gas equipment
Through strategic partnerships, joint ventures, and on-site gas production models, Air Products maintains a dominant position in global exports of high-purity gases and related equipment.
Target Market
Air Products serves a diversified global clientele across the following industries:
- Energy and Refining
- Metals and Materials
- Electronics and Semiconductors
- Food and Beverage
- Pharmaceuticals and Healthcare
- Chemicals and Petrochemicals
- Transportation and Mobility (Hydrogen Fueling)
Customers include Fortune 500 manufacturers, governments, research institutions, and clean energy innovators.
Capabilities
- World-scale hydrogen production (via steam methane reforming and electrolysis)
- Largest hydrogen pipeline systems in the U.S. and Europe
- Leading LNG technology provider with over 100 heat exchangers delivered globally
- Advanced cryogenic and membrane-based separation technologies
- Global distribution with extensive pipeline, trucking, and shipping logistics
- Engineering, Procurement, and Construction (EPC) services for gas plants
Certifications and Compliance
Air Products complies with a broad range of international standards:
- ISO 9001 – Quality Management
- ISO 14001 – Environmental Management
- ISO 45001 – Occupational Health & Safety
- FDA and USDA Compliance – For food and medical gases
- REACH & RoHS Compliance – For electronic and industrial markets
- Responsible Care® Certification – Commitment to health, safety, and environmental performance
Customer Testimonials
“Air Products has been a reliable partner in our hydrogen mobility program. Their expertise and ability to scale infrastructure has been critical to our rollout.”
— Director of Operations, European Transportation Authority
“The consistency and purity of Air Products’ gases have made a measurable impact on our production quality and energy efficiency.”
— Plant Manager, Global Electronics Manufacturer
Major Achievements
- Partner in the $7 billion NEOM Green Hydrogen Project in Saudi Arabia, set to be the world’s largest green hydrogen plant
- Delivered over 100 LNG heat exchangers to customers worldwide
- Ranked among America’s Most Responsible Companies 2023 by Newsweek
- Developed over 250 hydrogen fueling stations in 20+ countries
- Recognized as a Top 100 Global Innovator by Clarivate Analytics
With a robust innovation pipeline, global footprint, and long-term commitment to clean energy, Air Products is playing a critical role in shaping the future of industrial gas applications and sustainability worldwide.