Press release
Welding Gas Market by Top Key Industry Players: Air Liquide SA., Southern Industrial Gas Sdn Bhd, Iwatani Malaysia Sdn Bhd, Messer Group GmbH, Ellenbarrie Industrial Gases Ltd., Epoxy Oilserv Nigeria Ltd, Orion Gases, American Welding & Gas, Koatsu Gas Ko
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Welding Gas Market Size will witness a steady growth from 2017 to 2024 pertaining to high demand for metal fabricated products in various end-use sectors such as automobile & transportation, building & construction, oil & gas, metal fabrication & manufacturing, and others.
Building and construction industry is deemed to be a profitable quotient for welding gas market. Growing population in developing economies has led to an increase in demand for residential buildings. Rising construction activities in residential as well in commercial sector pertaining to rapid urbanization and growth of urban population is likely to drive the product market during the forecast time period. Favorable government initiatives, for instance, Indian government’s proposed programs such as Pradhan Mantri Gramin Awaas Yojana, Jawaharlal Nehru National Urban Renewal Mission (JnNURM), etc. for urban as well as rural infrastructure development will propel the demand of metal fabricated products which will further augment the growth of the product market.
The primary hindrance in the growth path of welding gas market is the explosive mixture of product, especially mixture of air or oxygen with flammable gases, which is restricted, except at the burner or torch, by OSHA in regulation 1910.253(a)(1). This makes the handling of the product a complex process and will increase handling costs for end-users. The use of product is not recommended for high carbon steel which will also hinder the welding gas market.
Based on the product type, the industry is diversified as pure, binary, ternary, and others. Pure type includes argon, carbon dioxide, nitrogen, helium, hydrogen, oxygen, and others such as acetylene, propane, propylene etc. Binary type includes mixture of two such as argon- carbon dioxide, argon-oxygen, argon-hydrogen, laser gases, etc. Ternary type includes mixtures of three types such as argon-helium-carbon dioxide, argon-carbon dioxide-hydrogen, etc. The others product segment consists of quaternary mixtures. Argon is usually blended with other product types such as helium, hydrogen, carbon dioxide, etc. to facilitate metal transfer in welding process. Binary type will emerge as a fast-growing segment owing to smooth weld surface finish and good mechanical properties.
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Top key players:
The key market players include Air Products and Chemicals Inc., Gulf Cryo, Praxair Technology Inc., Taiyo Nippo Sanso Corporation, Air Liquide SA., Southern Industrial Gas Sdn Bhd, Iwatani Malaysia Sdn Bhd, Messer Group GmbH, Ellenbarrie Industrial Gases Ltd., Epoxy Oilserv Nigeria Ltd, Orion Gases, American Welding & Gas, Koatsu Gas Kogyo Co. Ltd., Tokyo Gas Chemical Co. Ltd, Asia Technical Gas Co. Pte Ltd and others.
Market share calculation in this report is not done based on companies covered in it. The calculation of Welding Gas market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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