Industrial Gases Metals & Metal Fabrication Market worth 47.06 Billion USD by 2020
PUNE, India, January 27, 2016 /PRNewswire/ --
The report "Industrial Gases - Metals & Metal Fabrication Market by Type (Oxygen, Nitrogen, Hydrogen, Others), Function (Metal Manufacturing, Fabrication), Storage (Cylinder, Merchant Liquid, Tonnage), End-use (Metal, Automotive, Aerospace, Others) - Forecast to 2020", published by MarketsandMarkets. The global market is projected to grow at a CAGR of 6.07% from 2015 to reach USD 47.06 Billion by 2020.
Browse more than 239 market data Tables 62 Figures spread through 270 Pages and in-depth TOC on "Industrial Gases- Metals & Metal Fabrication Market"
http://www.marketsandmarkets.com/Market-Reports/industrial-gases-metal-fabrication-market-79589543.html
Early buyers will receive 10% customization on this report.
The Asia-Pacific region accounted for around 43.4% of the total market share in terms of value, followed by Europe and North America in 2014. Rapid industrialization in emerging economies such as China and India as well as growth in the metal & manufacturing industry and increase in production in industries such as automotive and heavy machinery will support the growth of the market over the forecast period 2015-2020. However, environmental impact caused due to metals & metal fabrication industries forces governing authorities to apply stringent regulation which may limit the growth of the market.
Cylinder & packaged distribution to dominate the market during the forecast period
The cylinder & packaged distribution segment accounted for the largest share of 44.80% of the total industrial gases in metals & metal fabrication market in 2014. It is projected to grow at a healthy CAGR of 6.04% from 2015 to 2020 as a result of factors such as inexpensiveness, easy transportation, stringent safety protocols, and compatibility with all types of industrial gases.
Metal industry projected to lead the market in terms of end-use application.
On the basis of end-use applications, the industrial gases in metals & metal fabrication market is segmented into metal industry, automotive, aerospace & defense, rail & shipping, heavy machinery, and others. Metal industry accounted for the largest share of 34.27% of the overall industrial gases in metals & metal fabrication market in 2014. It is projected to grow at a highest CAGR of 7.49% to reach the markets size of USD 17.49 billion, during the forecast period. Rapid industrialization and growing demand in automotive, aerospace & defense industry, and heavy machineries have propelled the growth in the segment.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=79589543
Asia-Pacific to play a key role in the industrial gases in metals & metal fabrication market
On the basis of key regions, the industrial gases in metals & metal fabrication market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2014. This is mainly due to emerging economies in China and India, coupled with growing application of metal.
The scope of the report covers detailed information regarding the major factors influencing the growth of the industrial gases in metals & metal fabrication market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the market for industrial gases in metals & metal fabrication industry.
The industrial gases in metals & metal fabrication market has been dominated by large players of the gases industry such as Praxair, Inc. (U.S.), Air Liquide S.A. (France), Airgas, Inc. (U.S.), The Linde Group (Germany), and Messer Group GmbH (Germany).
Browse Related Reports
High Purity Gas/Ultra High Purity Gas/Pure Gas Market by Product (High Atmospheric Gases, Noble Gases, Carbon Gases, Others), Manufacturing Process, Function, End-Use Industry, Storage & Distribution & Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/high-purity-ultra-pure-gas-market-84090606.html
Industrial Gases-Glass Industry Market by Type (Oxygen, Hydrogen, Nitrogen, Others), Glass Type (Container, Flat, Fibre), Transportation Mode (Cylinders, Merchant Liquid, Tonnage Distribution), Function (Forming, Finishing, Atmospheric Control - Forecast to 2020
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article