Welding Gas/Shielding Gas Market Analysis 2019 Major Key Players, Size, Share, Trends, Growth, Segmentation, Industry Outlook, Regional Analysis And Forecast To 2023

Welding Gas/Shielding Gas Market Analysis 2019 Major Key Players, Size, Share, Trends, Growth, Segmentation, Industry Outlook, Regional Analysis And Forecast To 2023

“Welding gas/shielding gas Market”
Welding gas/shielding gas Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Welding gas/shielding gas Industry 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.

The global welding gas/shielding gas market is poised to have an impressive growth at 5% CAGR over the assessment period (2016-2023). Welding gas/shielding gas are semi-inert or inert gases that are used in specific welding processes. It is chiefly used for protecting the molten metal against the oxidation and contamination caused by the harmful gases present in the atmosphere namely water vapor, nitrogen, carbon dioxide and oxygen. Water and oxygen in the atmosphere are likely to make the welding technique more challenging thereby resulting in a deterioration in the weld quality. Shielding gases are generally denser compared to air, thus can wrap around the welds and will need low flow rates for distributing the gas. It also impacts vital components of the welding technique- undercut tendency, surface shape patterns, weld penetration, welding speed, fusion zone width and metal transfer and arc characteristics. The construction sector makes the utmost use of welding/shielding gas owing to its growing usage in welding processes namely tungsten metal arc welding, metal gas arc welding and shielded arc welding. This sector in the developed economies is growing on account of the on-going development as well as upgradation of existing infrastructure.

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Various factors are pushing the growth of the wielding gas/shielding gas market. These factors in accordance to the Market Research Future (MRFR) report include growing demand for wielding gas/shielding gas from the automotive industry, growing population that have intensified the requirement for higher residential projects, rapid urbanization, government investments in infrastructural projects, increased demand for welding processes namely metal gas arc welding, shielded arc welding and tungsten metal arc welding, and growing constructional development both in the commercial and residential sector. The additional factors propelling the market growth include rapidly emerging economies, rising disposable income and increasing mining and construction activities. On the contrary, cost of gases and equipment that are highly volatile, locational limitations experienced during the process due to atmospheric movements, regulatory and structural restrictions and environmental impacts of the gas may act as the market deterrents over the assessment period. 

Market Segmentation

Market Research Future report provides a wide segmental analysis of the wielding gas/shielding gas market on the basis of type and applications.

Based on type, the wielding gas/shielding gas market is segmented into argon, carbon dioxide and others.

Based on applications, the wielding gas/shielding gas market is segmented into tungsten gas arc welding, gas metal arc welding and others.

Regional Analysis

By region, the wielding gas/shielding gas market covers growth opportunities and latest trends across the Rest of the World, Asia Pacific, North America and Europe. Of these, Asia Pacific will have an upper hand in the market over the assessment period. India, China and other emerging economies are amid the chief country level markets that are pushing the growth. These countries have high infrastructural construction activities that are ongoing. Besides, the growing energy sector, construction sector and others are predicted to impact the growth of the market in this region heavily. Also, the presence of increasing disposable income is predicted to boost the demand for energy, automotive and housing, thus sustaining the region’s market growth in the upcoming years.

Competitive Analysis

The wielding gas/shielding gas market is competitive and highly fragmented with the key players using numerous strategies to boost their footprints in the market. These include, acquisitions, partnerships, joint ventures, agreements, expansions, and new product launches.

Key Players

Leading players profiled in the welding gas/shielding gas market include Iwatani Corporation, Messer Group GmbH, The Linde Group, Gulf Cryo, SIG Gases Berhad, Air Products & Chemicals, Inc., Taiyo Nippon Sanso Corporation, Praxair, Inc., Iceblick Ltd., and Air Liquide SA.

May 2019- Toll Gas based in Minnesota has improved its digital offering by launching its online store. This store will offer access to users to the welding world via the convenience of tablets, smartphones or computers. Customers will have round the clock access to the products and can also solve their welding and gas requirements around the clock.

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