Global Welding gas/shielding gas market is predicted to grow at approximately 5% by 2023
Pune, India, May 9, 2017 /MRFR Press Release/- Market research future published a half cooked research report on Global Welding gas/shielding gas market. The Welding gas/shielding gas market is expected to grow over the CAGR of around 5 % during the period 2016 to 2023.
The demand for welding processes such as tungsten metal arc welding, shielded arc welding, and metal gas arc welding, is fueled by the need for accommodating the growth by the construction industry. Growing constructional development, in the residences along with that in the commercial sector, is expected to be the key driving force, leading to the growth of the market. Increasing investments by the governments on infrastructural developments in the developing nations and the rising construction & mining activities are expected to boost the demand for welding gas/shielding gas.
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Market Research Analysis
Asia-Pacific region is expected to dominate the welding gas/shielding gas market with the highest CAGR. The region is expected to grow with the boom in the construction industry in the developing nations such as India and China. The increase in adoption among industry verticals of the region such as metal manufacturing and fabrication, and automotive industries is also driving the growth of the market.
Scope of the Report
This study provides an overview of the global welding gas/shielding gas market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Welding gas/shielding gas market by its type, application and region.
- Carbon dioxide
- Gas Metal Arc Welding
- Tungsten Gas Arc Welding
- North America
- Asia Pacific
- Rest of the World
The key players of welding gas/shielding gas market are Air Products & Chemicals, Inc. (U.S.), Gulf Cryo (Bahrain), The Linde Group (Germany), Iwatani Corporation (Japan), Praxair, Inc. (U.S.), Iceblick Ltd. (Ukraine), Taiyo Nippon Sanso Corporation (Japan), SIG Gases Berhad (Malaysia), Air Liquide SA (France) and Messer Group GmbH (Germany) among others.
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