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Welding Gas/Shielding Gas Market worth 2.66 Billion USD by 2020 | Leading Players are Air Products & Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), and Air Liquide SA (France).

05-29-2020 07:11 PM CET | Logistics & Transport

Press release from: MarketsandMarkets.com

Welding Gas/Shielding Gas Market worth 2.66 Billion USD by 2020 |

The report "Welding Gas/Shielding Gas Market by Type (Argon, Carbon dioxide), by Storage, Distribution & Transportation (Cylinder & Packaged Gas, Merchant Liquid/Bulk), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding), by End-Use Industry - Global Forecast to 2020", The welding gas/shielding gas is projected to grow from USD 2.02 Billion in 2015 to reach USD 2.66 Billion by 2020, at an estimated CAGR of 5.70%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200200857

The welding gas/shielding gas market is growing owing to the increasing applications of welding gas/shielding gas in the construction sector, growth in the 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 carbon dioxide, oxygen, 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.

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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 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 market for 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.

Scope of the Report
The research report segments wedling gas/shielding gas into the following submarkets:

By Type:
o Argon
o Carbon dioxide
o Oxygen
o Hydrogen
o Others (Helium, Acetylene)

By End-Use Industry:
o Metal Manufacturing & Fabrication
o Construction
o Energy
o Aerospace
o Others (Automotive & transportation equipment)

By Application:
o Gas metal arc welding
o Gas tungsten arc welding
o Others (oxy-acetylene welding)

By Storage, Transportation & Distribution Mode:
o Cylinder & Packaged Gas Distribution
o Merchant Liquid/bulk Distribution

By Region:
o North America
o Europe
o Asia-Pacific
o RoW

Get 10% Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=200200857

Contact:
Mr. Aashish Mehra
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets

MarketsandMarkets is the 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 a 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.

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