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ringier-盛鈺精機有限公司

Bright future for welding gas market in 2020

Source:Ringier Metalworking Release Date:2016-02-29 116
Metalworking
The welding gas/shielding gas market is projected to grow from US$7.17 billion in 2015 to reach US$9.46 billion by 2020, at an estimated CAGR of 5.70%, according to MarketsandMarkets. 

The market is growing due to the increasing applications of welding gas/shielding gas in the construction sector, growing aerospace industry, and rising demand for energy. Growing demand from the automotive industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.

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 welding gas/shielding gas in the construction, energy, metal manufacturing & fabrication, and automotive industries.

 

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