Welding gas/shielding gas Market 2018
Welding gas/shielding gas Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Welding gas/shielding gas Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Welding gas/shielding gas market Information Report by type (Argon, Carbon dioxide, others), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding, Others) and By Region – Forecast to 2023
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Global Welding Gas/Shielding Gas – Market Dynamics
The global welding/shielding gas market has been witnessing significant growth in the past decade. Increased utilization of this product in the construction industry is a key growth catalyst for this market. The demand for this product has risen substantially in recent times. Market Research Future issued a comprehensive research report on global welding gas/shielding gas market. This report states that this market will perceive above average growth during the projection period of 2017-2023.
Welding/shielding gas is a form of semi-inert or inert gas that is typically used for numerous types of welding procedures. These gases are majorly applied for gas metal arc welding and gas tungsten arc welding. The chief objective of welding/shielding gas is to protect the welding area from water vapor and oxygen.
The research report made available by Market Research Future estimates that this market will observe steady but significant growth throughout the forecast period. The revenue turnover prediction figures look promising and assure a bright future for the market from a fiscal viewpoint. The CAGR for this term will be nearly 5%.
Currently, the construction sector is in dire need of welding processes such as metal gas arc, tungsten arc welding, and shielded arc welding. This fact serves as a principal growth propeller for the global welding gas/shielding gas market.
Apart from the above mentioned aspect, additional factors like rising number of construction activities in the commercial & residential sectors, massive investments by governments to improve infrastructure and increased number of construction and mining activities across the world also positively influence the market’s expansion.
The global welding gas/shielding gas market has been classified on the basis of regions, types, and applications.
By regions – Asia-Pacific, North America, Europe and Rest of the World.
By types – Carbon dioxide and argon.
By application – Tungsten gas arc welding and gas metal arc welding.
Comprehensive Geographical Analysis
Amongst the regions above, Asia Pacific is anticipated to govern the market as it sums for the most weighty percentage of the market share. The existence of developing economies such as China and India has been recognized as the main reason for the expansion of this region. In these countries, industries such as metal manufacturing & fabrication, construction, automotives, and energy heavily rely on the welding gas/shielding gas. As a result of this, the market in this region will grow at an impressive rate during the projection period.
- Taiyyo Nippon Sanso Corporation, a global leader in offering industrial gases and related welding solutions to various industries recently announced that they had been issued a patent for welding torch for hybrid welding and hybrid welding method.
- Messer Group GmbH, a German-based industrial gas company, recently announced that it would be acquiring all the shares that are held by the private investors in the Swiss company Sauerstoffwerk Lenzburg. By this acquisition, the Messer Group wishes to secure its position in the European market.
Market Players & Key Strategies
Some of the highly successful players of this market are Messer Group GmbH(Germany), Gulf Cryo (Bahrain), Iwatani Corporation (Japan), Taiyyo Nippon Sanso Corporation (Japan), SIG Gases Berhad, Air Liquide SA (France), Praxair Inc., and Iceblick Ltd (Ukraine).
The global welding gas/shielding gas market has a highly competitive landscape. To guarantee the smooth working of the businesses the players need to work on improving their product and service offerings. Apart from that they also employ specific proven growth strategies such as merges with other organizations, joint ventures to launch a particular product or service, acquisitions, and investment in research & development activities.
The report for Welding gas/shielding gas market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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