Welding Gas/Shielding Gas Market worth 2.66 Billion USD by 2020
The welding gas/shielding gas is estimated to grow from USD 2.02 Billion in 2015 to reach USD 2.66 Billion by 2020, at an estimated CAGR of 5.70%. The segments considered for this report are based on type, application, end-use industry, storage, distribution & transportation, and region. On the basis of type, argon accounted for the largest market share, in terms of value, and is also projected to witness the highest growth rate. The metal manufacturing & fabrication end-use industry segment accounted for the largest share of the market, in terms of both, volume and value, among all end-use industries. The storage, distribution & transportation segment was dominated by the cylinder & packaged gas distribution. In terms of application, the market is segmented into gas metal arc welding, gas tungsten arc welding, and others. The final segment, that is, region, consists of North America, Europe, Asia-Pacific, and Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.
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