Gas Mixtures Market Size, By Application, Forecasts to 2020
The gas mixtures market size is estimated to grow from USD 28.20 Billion in 2015 to USD 36.76 Billion by 2020, at a CAGR of 5.44%
[UKPRwire, Thu May 18 2017] The gas mixtures market size is estimated to grow from USD 28.20 Billion in 2015 to USD 36.76 Billion by 2020, at a CAGR of 5.44%. The gas mixtures market is growing rapidly in accordance with the growth in the industrial gas market globally. The use of gas mixtures such as oxygen mixtures, hydrogen mixtures, and carbon dioxide mixtures are used in the metal manufacturing & fabrication industry in order to enhance the arc characteristics or facilitate metal transfer in gas metal arc welding. This application is projected to foster the demand for gas mixtures during the forecast period. The report aims at estimating the market size and future growth potential of the gas mixtures market across different segments such as mixtures, end-use industry, manufacturing process, distribution mode, and region. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. Factors such as growing industrialization and burgeoning energy markets and medical sector are expected to be the major drivers of the gas mixtures market in the next five years.
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Metal manufacturing & fabrication to gain maximum traction during the forecast period.
The metal manufacturing & fabrication segment is projected to be the fastest-growing end-use industry in the next five years. Furthermore, due to the growth of the metal fabrication industry, gas mixtures such as oxygen mixtures, carbon dioxide mixtures, and hydrogen mixtures are extensively used to enhance the arc characteristics or facilitate metal transfer in gas metal arc welding. The gas mixtures market is also projected to witness growth in the medical & healthcare, food & beverage, and chemicals sectors, during the forecast period.
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The gas mixtures ecosystem comprises gas mixtures companies such as Linde Ag (Germany), Praxair Inc., (U.S.) Air Liquide S.A. (France), Airgas Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals Inc. (U.S.), Iwatani Corporation (Japan), Welsco Inc. (U.S.), and Advanced Specialty Gases (U.S.).
• OEM companies
• Electronic equipment manufacturers
• Metal manufacturers and fabricators
• Medical equipment manufacturers
• Consulting firms
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