Welding Gas/Shielding Gas Market Analysis 2018 | Industry Updates, Major Key Players, Size, Share, Trends, Growth and Prospects Forecast To 2023

The Welding gas/shielding gas market is expected to grow with the CAGR of approximately 5% from 2016 to 2023

Pune, India - January 3, 2019 /MarketersMedia/ —

Welding Gas/Shielding Gas Market 2018, is latest research report by MarketResearchFuture, the global Welding Gas/Shielding Gas market is expected to Register High Growth Rate during 2018 To 2023. Report analyzes Welding Gas/Shielding Gas Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023. Welding Gas/Shielding Gas Market Information is segmented by type (Argon, Carbon dioxide, others), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding, Others) and By Region - Forecast to 2023

Competitive Dashboard:

Some of the key players operating in the global welding gas/shielding gas market are Air Products & Chemicals, Inc. (U.S.), The Linde Group (Germany), Iwatani Corporation (Japan), Gulf Cryo (Bahrain), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), SIG Gases Berhad (Malaysia), Iceblick Ltd. (Ukraine), Air Liquide SA (France) and Messer Group GmbH (Germany).

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Market Synopsis:

According to the analysis published by Market Research Future (MRFR), the global welding gas/shielding gas market has been projected to thrive at a healthy CAGR of 5% during the forecast period 2016 to 2023. These gases are commonly used in welding processes such as gas metal arc welding and gas tungsten arc. It protects the weld area from oxygen and water vapor. This, in turn, has increased the application of these gases across different industries such as construction, manufacturing & fabrication, energy, etc. The rising demand from the automotive sector is also likely to expedite the expansion of the global welding gas/shielding gas market.

The rapid urbanization and growing population have intensified the need for more residential projects. The governments are motivated to invest in infrastructural projects. This, in turn, is prognosticated to catapult the welding gas/shielding gas market on an upward trajectory for the next few years. However, the high cost of the gas and equipment are expected to check the growth rate of the market throughout the assessment period. Additionally, the locational limitations witnessed in the process owing to atmospheric movements is another major factor responsible for holding the growth of the welding gas/shielding gas market.

Market Segmentation:

The report offers a detailed study of the global welding gas/shielding gas market based on type and application.

By type, the global welding gas/shielding gas market has been segmented into argon, carbon dioxide, and others.

By application, the welding gas/shielding gas market has been segmented into gas metal arc welding, tungsten gas arc welding, and others.

Regional Insights:

The global, welding gas/shielding gas market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to dominate the largest share of the global market towards the end of the forecast period. The growth of the regional market is attributable to the growth of the end-user industries such as construction, energy, manufacturing & fabrication, etc. In addition, the rising demand from the automotive sector is likely to augment the welding gas/shielding gas market over the next couple of years. The consolidation of fast-developing economies such as China and India is presumed to have a favorable impact on the proliferation of the welding gas/shielding gas market in the foreseeable future.

Industry News:

In May 2018, Airgas, a subsidiary of Paris-based Air Liquide, has acquired Weiler Welding, a full-service industrial gas, beverage gas, and welding supply business.

In October 2018, ESAB Welding & Cutting Products, the world's largest producer of standard welding equipment, has announced the acquisition of Malmö-based Gas Control Equipment (GCE).

In November 2018, MagneGas Applied Technology Solutions, Inc., which is a clean technology company, has announced the acquisition of a Texas-based independent industrial gas and welding supply distributor.

In November 2018, Huntingdon Fusion Techniques HFT®, an International Welding and Weld Purging leader, has designed and developed radiused Trailing Shields® and Argweld® flat.

In December 2018, a distributor of industrial, medical, and specialty gases, Tech Air, has acquired Scully Welding Supply Corporation and Scully Propane Service Corp, a supplier of propane and welding supplies.

In December 2018, Oceania Gas, premier gas supplier, has built a new head office, sales center and warehouse facility located in Lami, Fiji. The new unit is worth USD 3 Mn.

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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Address: Pune, Market Research Future
Website: https://www.marketresearchfuture.com/reports/welding-shielding-gas-market-2787

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