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Industrial Gases- Metals & Metal Fabrication Market


Packaging, Construction, Mining & Gases
Mining Minerals and Metals

MarketsandMarkets projects that the industrial gases in metals & metal fabrication market is projected to grow from USD 35.05 Billion in 2015 to USD 47.06 Billion by 2020, at a CAGR of 6.07%. The industrial gases in metals & metal fabrication market is projected to grow as a result of increasing demand in metal industry due to rising urbanization, continuous economic development in emerging economies such as China and India, and rising demand in automotive, rail & shipping, and heavy machinery.

The industrial gases in metals & metal fabrication market has been segmented on the basis of type of industrial gases in metals & metal fabrication, function, end-use, transportation mode, and region. On the basis of type, hydrogen accounted for the largest market share, in terms of value, while oxygen was the most widely used industrial gas, in terms of volume, in the metals & metal fabrication industry. The transportation mode segment was dominated by the cylinder & packaged gas distribution segment. In terms of end-use applications, the industrial gases in metals & metal fabrication market is segmented into metal industry, automotive, aerospace & defense, rail & shipping, heavy machinery, and others. Metal industry is projected to grow at a highest CAGR from 2015 to 2020.

On the basis of key regions, the industrial gases in metals & metal fabrication market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2014. This is mainly due to emerging economies in China and India, coupled with growing applications of metal.

Industrial Gases- Metals & Metal Fabrication Market

New product launches, mergers & acquisitions, investments, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market. The key players are Praxair, Inc. (U.S.), Airgas, Inc. (U.S.), Air Liquide S.A. (France), Air Products and Chemicals, Inc. (U.S.), Iwatani Corporation (Japan), Messer Group (Germany), The Linde Group (U.S.), Southern Industrial Gas SDN. BHD. (Malaysia), nexAir LLC. (U.S.), and Taiyo Nippon Sanso Corporation (Japan).

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