Press release
TIG Torch Market is set to record exponential growth by 2031
TIG Torch Market Study Provides Latest Intelligence on Growth in 2021 and BeyondGlobal TIG Torch supply-demand continues to be impacted by broader developments in the chemicals sector. The new TIG Torch market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2021-2031).
The study tracks TIG Torch demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and TIG Torch in particular.
How will TIG Torch Sales Grow in 2021 and Beyond
The TIG Torch industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for TIG Torch will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Segmentation Analysis of TIG Torch Market
The global TIG Torch market is bifurcated into six major segments: by type, by operation, by materials, by sales channel, by the end-user and by region.
Based on type, TIG Torch Market has been segmented as follows:
Air-cooled
Water-cooled
Air-cooled torches are more suitable for lower ampere applications whereas, water-cooled torches are more suitable for more than 200 amps. Water-cooled TIG torches are mostly used. ESAB launches two new water-cooled TIG torches in 2020. XCT-B 400w and SR-B 21, having a small size torch with neck to head dimension to enable higher bead placement and provides good grips in tight spaces.
Based on the amperage, the TIG Torch Market has been segmented as follows:
Below 100 Amp
100 – 200 Amp
Above 200 Amp
Based on operations, the TIG Torch market has been segmented as follows:
Manual
Automatic
Based on the sales channel, the TIG Torch market has been segmented as follows:
Online
Company Website
Third Party Online
Offline
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading TIG Torch companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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The TIG Torch Market Regional Analysis Includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
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