Mining industry plays an important role in meeting day to day needs of the common man and contributes significantly towards industrial and economic growth of a nation. The global mining industry is one of the fastest growing sectors in the world. Th ....see more
The precious metal catalysts market size is estimated to grow from USD 14.37 Billion in 2017 to USD 19.41 Billion by 2022, at a CAGR of 6.19%. The base year considered for the study is 2016, and the market size is projected from 2017 to 2022. The major players in the precious metal catalysts market include BASF SE (Germany), Evonik Industries AG (Germany), Johnson Matthey Plc (U.K.), Heraeus Group (U.K.), Clariant International Ltd (Switzerland), Umicore SA (Belgium), Alfa Aesar (U.S.), and Vineeth Precious Catalysts Pvt. Ltd. (India).
The high speed steels market is projected to grow from USD 2.13 Billion in 2016 to USD 2.77 Billion by 2021, at a CAGR of 5.3% between 2016 and 2021. Increasing demand for machinery made of high speed steels from various end-use industries, such as automotive, aerospace, and plastic, among others, is expected to drive the demand for high speed steels, thereby fueling the growth of the high speed steels market during the forecast period.
The cutting equipment, accessories, and consumables market size is estimated to grow from USD 6.67 Billion in 2016 to USD 8.27 Billion by 2021, at a CAGR of 4.40%. Factors such as increase in demand in Asia-Pacific and grow in demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are some of the drivers for the growth of the cutting equipment, accessories, and consumables market.
The industrial gas handling equipment market size is estimated to grow from USD 51.93 Billion in 2016 to reach USD 72.22 Billion by 2021, at a CAGR of 6.82%. The segments considered for this report are based on the equipment category, gas type, process, end-use sector of industrial gas handling equipment, and region. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. Factors such as increasing demand for industrial gases for diverse applications in healthcare & medical, metal fabrication, and chemical industries have propelled the growth of the industrial gas handling equipment market.
The liquid nitrogen market size is projected to grow from USD 12.48 Billion in 2015 to USD 16.14 Billion by 2020, at a CAGR of 5.28%. The liquid nitrogen market is growing rapidly in accordance with the growth in the industrial gas market. Liquid nitrogen is used as a cryogen, wherever low temperatures are needed. It is used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and for removing warts, moles, skin tags, verrucae, and some skin cancers. Furthermore, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, to make better intrusion fits.
The global industrial gases for the plastic & rubber industry was valued at USD 4.89 Billion in 2015 to USD 6.31 Billion by 2020, and is projected to grow at a CAGR of 5.24% from 2015 to 2020. The increasing demand in various applications in the food & beverage, healthcare, construction, automobiles, electrical & electronics, and manufacturing sectors is the major factor driving the growth of the industrial gases for the plastic & rubber industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for industrial gases for the plastic & rubber industry. Plastic is the fastest-growing segment in this market.
The industrial gases in metals & metal fabrication market is projected to reach USD 47.06 Billion by 2020, at a CAGR of 6.07% during the forecast period. The segments considered for this report are based on type, function, transportation mode, end-use, and region. On the basis of type, hydrogen accounted for the largest market share in terms of value, whereas oxygen was the most widely used industrial gas in terms of volume, in the metals & metal fabrication industry.
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 market for industrial gases in the glass industry is estimated to grow from USD 2.57 Billion in 2015 to reach USD 3.49 Billion by 2020, at an estimated CAGR of 6.29%. The segments considered for this report are based on type, glass type, function, transportation mode, and region. On the basis of type, hydrogen accounted for the largest market share, in terms of value, while oxygen was the most widely used industrial gas, in terms of volume, in the glass industry. The container glass segment accounted for the largest share of the market, in terms of both, volume and value, among all glass types.
The 3D printing/additive manufacturing gases market size is estimated to grow from USD 26.92 Million in 2015 to USD 45.12 Million by 2020, at a CAGR of 10.88%. The 3D printing/additive manufacturing gases market is growing rapidly in accordance with the growth in the 3D printing/additive manufacturing market globally. The use of its gases such as argon, nitrogen, and gas mixtures are used in the design & manufacturing industry. This application is projected to foster the demand for 3D printing/additive manufacturing gases during the forecast period.
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 global industrial gas regulators market was valued at USD 12,770.2 Million in 2014, and is projected to grow at a CAGR of 4.8% from 2015 to 2020. The increasing demand in various applications such as oil & gas, chemical, steel & metal processing, medical care, and food & beverage is the major factor driving the growth of the industrial gas regulators industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for industrial gas regulators. The single stage regulators is the fastest-growing segment.
The Rare Gases Market is projected to reach USD 380.9 Million by 2020, at a CAGR of 7.68%, from 2015. Growth in construction, lighting, and laser applications, increasing energy prices, and rapid urbanization has fueled the growth of the rare gases market. The illumination segment held the largest share of the total rare gases market in 2014, especially in emerging markets such as China, Brazil, and India.
The increasing demand in various applications such as metal fabrication, electronics, energy, automotive, lighting, and healthcare is the major factor driving the growth of the argon gas industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for argon gas. The argon gas market is projected to reach USD 362.9 Million by 2020, with a projected CAGR of 4.92% from 2015 to 2020.
The global market for metal powder witnessed rapid growth in 2013, and is projected to grow at a CAGR of 3.80% during the forecast period, that is, from 2015 to 2020, to reach USD 4,062.2 Million by 2020. The Asia-Pacific region is the fastest-growing market with the highest CAGR of 5.01% during the forecast period; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for powder metallurgy manufactured components, and technological advancements.
The global market for high performance alloys witnessed rapid growth in 2013, and is projected to grow at a CAGR of 4.34% during the forecast period, that is, from 2015 to 2020, to reach USD 9,698.35 Million by 2020. North America dominated the market with a share of 38% in 2014; this market is driven by increasing competition, demand for value-added products, and technological advancements. The Asia Pacific region is projected to become the fastest-growing market for high performance alloys from 2015 to 2020. Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop sustainable manufacturing processes, which are environment-friendly.
The global market for aluminum systems witnessed a rapid growth in 2013, and is projected to grow at a CAGR of 5.65% from 2015 to 2020, to reach USD 147.13 Billion by 2020. Asia-Pacific dominated the market with a share of 45% in 2014; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for value-added product, and technological advancements. The Asia-Pacific region is projected to become the fastest-growing market for aluminum systems from 2015 to 2020.
The growth in the construction, automotive, and consumer appliances industry has played a huge part in providing the necessary boost to the global steel processing industry. The market demand for steel processing is projected to grow at $642.43 Billion by 2020 and CAGR of 2.16% from 2015 to 2020. The growth in the construction, consumer appliances, and automotive industries throughout the world has played a huge part in providing the necessary momentum to the global steel processing industry, after the economic slowdown between 2007 and 2009. Also, the fact that there are less substitutes of steel has made steel indispensable from customers’ lives. The recovery of global economy would also boost the demand for the steel processing market.