Global
Welding Gas/Shielding Gas Market Analysis 2017 Forecasts to 2023
Shielding
gases are inert or semi-inert gases that are commonly used in several welding
processes, majorly in gas metal arc welding and gas tungsten arc. The main
purpose of using the welding gas/shielding gas is to protect the weld area from
oxygen, and water vapour.
One
of the key drivers for the growth of welding gas/shielding gas market is the
increased demand for welding process such as tungsten metal arc welding,
shielded arc welding, and metal gas arc welding which is fuelled by the need
for construction industry. The growing constructional development in both
residential and commercial sectors, is expected to drive the growth of the
market, especially in developing economies. The rapid investments by
governments on infrastructural developments and the rising construction &
mining activities are expected to boost the demand for welding gas/shielding
gas during the forecast period.
According
to the Market Research Future analysis, The
Welding gas/shielding gas
market is expected to grow with the CAGR of approximately 5% from 2016
to 2023.
Analysts state
that 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) are some of the major companies operating in this
business market.
...Continued
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