Welding Gas/Shielding Gas Market Worth USD 9.46 Billion USD by 2020
PUNE, India, January 26, 2016 /PRNewswire/ --
The report "Welding Gas/Shielding Gas Market by End-Use Industry (Metal Manufacturing & fabrication, Construction), Storage, Distribution & Transportation (Cylinder & packaged gas, Merchant liquid), Type (Oxygen), Application (Shielded metal arc welding) & Region - Global Forecast to 2020"", published by MarketsandMarkets. The Welding Gas/Shielding Gas Market is projected to grow from USD 7.17 Billion in 2015 to reach USD 9.46 Billion by 2020, at an estimated CAGR of 5.70%.
Browse 191 market Tables and 61 Figures spread through 242 Pages and in-depth TOC on "Welding Gas/Shielding Gas Market"
http://www.marketsandmarkets.com/Market-Reports/welding-shielding-gas-market-200200857.html
Early buyers will receive 10% customization on reports.
The Welding Gas/Shielding Gas Market is growing due to the increasing applications of welding gas/shielding gas in the construction sector, growing aerospace industry, and rising demand for energy. Growing demand from the automotive industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
Metal manufacturing & fabrication to gain maximum traction during the forecast period
The metal manufacturing & fabrication held the majority market share in the global Welding Gas/Shielding Gas Market. The primary function of welding gas/shielding gas in the metal fabrication industry is to create an inert gas shield during welding, to protect molten and heated metal from the damaging effects of the surrounding air. Welding gas/shielding gas such as argon is frequently blended with oxygen, carbon dioxide, hydrogen, and helium to enhance the arc characteristics or facilitate metal transfer in gas metal arc welding. With growing infrastructural activities, the demand for steel has increased, which in turn drives the Welding Gas/Shielding Gas Market.
Asia-Pacific to play a key role in the Welding Gas/Shielding Gas Market
On the basis of key regions, the Welding Gas/Shielding Gas 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 applications of welding gas/shielding gas in the construction, energy, metal manufacturing & fabrication, and automotive industries.
The scope of the report covers detailed information regarding the major factors influencing the growth of the welding gas/shielding gas industry such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted 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 welding gas/shielding gas.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=200200857
The Welding Gas/Shielding Gas Market is dominated by large players such as Air Products & Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), and Air Liquide SA (France).
Browse Related Reports
Rare Gases Market By Type (Neon, Xenon, Krypton), by End-Use (Manufacturing & Construction, Electronics, Automotive, Healthcare), by Transportation Mode (Cylinders, Tonnage Distribution, Bulk Delivery, by Function (Illumination, Insulation) - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/rare-gases-market-38780017.html
Argon Gas Market by End-Use Industry (Metal Manufacturing & fabrication, Chemicals), Storage, Distribution & Transportation (Cylinder & packaged gas, Merchant liquid), Mixture (Ar-CO2, Ar-O2), Function (Insulation) & Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/argon-gas-market-99838454.html
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