The report analyzes and presents an overview on "Global Industrial Gases Market For Metals And Metal Fabrication Market 2017-2021" worldwide.
Albany, NY -- (SBWIRE) -- 06/12/2017 -- This industry research report identifies Air Liquide, Air Products and Chemicals, Linde Group, Messer Group, and Praxair as the key vendors in the global industrial gases market for the metals and metal fabrication market. This industry research report also presents a competitive analysis of the market by end user (metal manufacturing, automobiles, rail and shipping, heavy industries, and aerospace and defense), by distribution mode (cylinder and packaged, merchant liquid, and tonnage), and by geography (APAC, Europe, North America, and ROW).
Overview of the global industrial gases market for the metals and metal fabrication market
Market research analysts at Technavio predict that the global industrial gases market for the metals and metal fabrication market will grow at a CAGR of more than 6% by 2021. This market research analysis identifies the increased demand from end-user industries as one of the primary growth factors for this market. Industrial gases are used for various applications in the process, metal, and manufacturing industries as these gases have huge significance in the production and fabrication of metals. Various gases are used for the production of steel and iron and also as a welding and shielding gas in metal fabrication industries. The markets growth is primarily influenced by the increasing demand in process industries and the demand is proportionately related to the growth in the end-user industries, additionally, the increased production from the food and beverage, pharmaceutical, steel, and mining industries also amplifies the demand for industrial gases.
The market research report identifies the inorganic expansion and increasing M&As as one of the key trends behind the growth of the industrial gases market for metals and metal fabrication market. Vendors are increasingly engaging in organic expansion since it provides access to the existing customer base and distribution network of the acquired or merged company. The key vendors are attempting to gain access to enhance their customer base and this results in increase in revenue and enables the company to gain competitive advantage in terms of distribution.
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Competitive landscape and key vendors
The market is fragmented due to the presence of several global and regional vendors. The local vendors account for significant market shares due to the growing industrialization and economic development. The market is dominated by the well-established vendors and the vendors in this marketspace compete based on price, quality, innovation, performance, and customer preference. The small and medium scale vendors are focusing on innovating and expanding their product portfolio to gain more market share.
The leading vendors in the market are -
Air Products and Chemicals
The other prominent vendors in the market are CRYOTEC Anlagenbau , Gulf Cryo, MATHESON Tri-Gas, Taiyo Nippon Sanso, and Welsco.
Segmentation by end user and analysis of the industrial gases market for the metals and metal fabrication market
Rail and shipping
Aerospace and defense
During 2016, the metal manufacturing segment accounted for the major shares and dominated this market. Industrial gases are integral for the manufacturing of primary metals including steel and non-ferrous metals that are used in majority of the industrial sectors such as automotive, construction, and defense. The increasing production of metals will be a major factor increasing the demand for industrial gases in this end-user segment.
Segmentation by distribution and analysis of the industrial gases market for the metals and metal fabrication market
Cylinder and packaged distribution
Merchant liquid distribution
During 2016, the cylinder and packaged distribution segment accounted for the major shares and dominated this market. Factors such as inexpensiveness, easy transportation, stringent safety protocols, and compatibility with all types of industrial gases, will be one of the major factors contributing to the growth of this market segment during the next four years.
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Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global industrial gases market for metals and metal fabrication market?
What are the key market trends impacting the growth of the global industrial gases market for metals and metal fabrication market?
What are the challenges to market growth?
Who are the key vendors in the global industrial gases market for metals and metal fabrication market?
What are the market opportunities and threats faced by the vendors in the global industrial gases market for metals and metal fabrication market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
What are the key outcomes of the five forces analysis of the global industrial gases market for metals and metal fabrication market?
Technavio also offers customization on reports based on specific client requirement.
According to our market research experts increasing industrializations will drive the growth of the industrial gases market for metals and metal fabrication in the coming years. This upcoming industry research report is a fundamental part of the industrial gases portfolio and offers deep visions into sectors like textile, fiber, and composites. Furthermore, to enable clients to achieve a beneficial edge over other market players, Technavio also provides vast information on the shifting customer preferences and the factors, which will drive and curtail the growth of the vendors in the chemicals and materials industry.
To exactly forecast the industrial gases industrys growth projections, our market research specialists follow a triangulated approach to primary and secondary research techniques and also conduct a wide-ranging analysis of various parameters, including technological development and the demand for different products and services across multiple geographical locations. To assist clients in framing new strategies for growth, our upcoming industry research report on the global industrial gases market for metals and metal fabrication market for the forecast period of 2017 to 2021 offers actionable remarks derived from the data collected from reliable sources of information such as manufacturers, channel partners, regulatory bodies, and decision makers. Technavio also provides tailored reports, which will help regional vendors and global players establish their presence in the consumer and retail market.
This upcoming industry research report on the global industrial gases market for metals and metal fabrication market also considers the growth of related markets such as acetylene gas, which is expected to grow at a CAGR of close to 3% by 2021. The upcoming industry research report for the global industrial gases market for metals and metal fabrication market also identifies the drivers, upcoming trends, and the difficulties currently experienced by the chemicals and materials industry and also presents insights into chemical engineering equipment.
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