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Monday, 9 July 2018

Rapid industrialization propels growth

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, according to a report by Transparency Market Research.
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 environment friendly. In addition, they are energy efficient and improve productivity.
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.

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