Industrial Gases for Metals & Metal Fabrication Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026
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Industrial Gases for Metals & Metal Fabrication Market: Overview
Industrial gases are supplied in a range of different cylinders depending on the properties of the gas. Some are delivered at high pressures, while others are offered only at low pressures. Thus, the properties of an industrial gas decide the way in which it is supplied to the customer. For example, gases such as nitrogen, oxygen, hydrogen, and argon can be readily compacted into a cylinder at pressures up to 200 bar.
Metal fabrication covers a wide range of activities from general welding to highly specialized laser welding processes. Companies in this industry require a responsive, flexible, single-source partner that supports the full application and equipment spectrum, combining both traditional and new cutting, welding and coating processes. Industrial gases for metals & metal fabrication play an important role in majority of these processes. They are cost effective and are environment friendly. In addition, they are energy efficient and improve productivity.
Industrial Gases for Metals & Metal Fabrication Market: Drivers and Restraints
Rapid industrialization, increase in production of automotive and heavy machinery industries, and increasing demand in process industries are some of the factors driving the growth of industrial gases for metals & metal fabrication market. However, environmental impact caused due to metals & metal fabrication industries forces governing authorities to apply stringent regulation which may limit the growth of the industrial gases for metals & metal fabrication market. High cost of gases that are used for metal and metal fabrication is also one of factors hampering the global industrial gases for metals & metal fabrication market.
The increasing need for alternative sources of energy is aiding the expansion of gasification plants such as gas to liquid, coal to liquid, and coal to chemical plants. These plants consume substantial amount of oxygen for fabrication. Thus, the expansion of gasification plants is expected to provide several opportunities to industrial gases for metals & metal fabrication market in the near future.
Industrial Gases for Metals & Metal Fabrication Market: Key Segments
The Industrial Gases for Metals & Metal Fabrication Market is segmented on the basis of, type, function, transportation mode, industry vertical, and geographical region. On the basis of type, the industrial gases for metals & metal fabrication market is segmented into nitrogen, oxygen, hydrogen and others. Gases such as argon and nitrogen create an environment that allows parts to be built to meet the exacting standards required for metal parts used in the aerospace and automotive industries. On the basis of function, the global industrial gases for metals & metal fabrication market is segmented into metal fabrication and manufacturing. By transportation Mode, industrial gases for metals & metal fabrication market can be segmented into merchant liquid distribution, tonnage distribution and cylinder & packaged gas distribution. Cylinder & packaged distribution to dominate the market due to inexpensiveness, easy transportation, stringent safety protocols, and compatibility with all types of industrial gases. In support of industry vertical the global industrial gases for metals & metal fabrication market is subdivided into metal, automotive, aerospace, heavy industries, rail and shipping, defense and others. Rapid industrialization and growing demand in automotive, aerospace & defense industry, and heavy machineries have propelled the growth in this segment. By geographical region the global industrial gases for metals & metal fabrication market is split up into North America, Europe, Asia Pacific, Middle East & Africa and South America. Rapid development in emerging economies such as China and India as well as growth in the metal & manufacturing industry and increase in production in industries such as automotive and heavy machinery will support the growth of the industrial gases for metals & metal fabrication market over the forecast period.
Industrial Gases for Metals & Metal Fabrication Market: Key Players
Mergers & acquisitions, new product launches, investments, and partnerships & developments are the key policies adopted by market players to ensure their growth in the Industrial Gases for Metals & Metal Fabrication market. The key players are Air Liquide S.A. (France), Messer Group (Germany), Cryotec Anlagenbau Gmbh, Air Products and Chemicals, Inc. (U.S.), Airgas, Inc. (U.S.), Southern Industrial Gas SDN. BHD. (Malaysia), Iwatani Corporation (Japan), nexAir LLC. (U.S.), Taiyo Nippon Sanso Corporation (Japan), Praxair, Inc. (U.S.), MATHESON Tri-Gas Inc, The Linde Group (U.S.), among others.
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