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 mining & metal filtration market is expected to grow from USD 707 million in 2023 to USD 888 million by 2028, at a CAGR of 4.7% during the forecast period. New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the mining & metal filtration market include Clear Edge Filtration Inc, (US), Valmet (Finland), Lydall Inc. (US), Kimberly-Clark Professional (US), Sefar (Switzerland), Khosla Profil Pvt. Ltd. (India), Markert Group Corporation (Germany), Testori Group (Italy), Micronics Engineered Filtration Group, Inc. (US), Finsa (Spain), Arvind Advanced Materials (India), Solaft Filtration Solutions (Australia) and GKD Group (Germany).
The lithium metal market is expected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 20.4% during the forecast period. The major players operating in the lithium metal market include Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), Shanghai China Lithium Industrial Co., Ltd. (China), China Energy Lithium Co., Ltd. (China), CNNC Jianzhong Nuclear Fuel Co., Ltd. (China) and others.
The electrical steel market is expected to grow from USD 40.6 billion in 2023 to USD 60.7 billion by 2028, at a CAGR of 8.4% during the forecast period. The Electrical steel Market comprises major players such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), China Baowu Steel Group Corporation (China), Nippon Steel Corporation (Japan), United States Steel Corporation (United States), Steel Authority of India (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others are covered in the Electrical steel market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Electrical steel Market.
The brine concentration technology (BCT) market is expected to grow from USD 15.8 billion in 2022 to USD 21.1 billion by 2027, at a CAGR of 6.0% during the forecast period. The key players in this market Veolia Water Technologies( France), Evoqua Water Technologies(US), H2O Innovations (Canada), Aquatech International LLC(US),Koch Separation Solutions(US), Aquachem (US), IDE Technologies(Israel),Saltworks Technologies (Canada), Samco Technologies (US), Gradiant (US).
The iron & steel market is expected to grow from USD 1599.4 billion in 2022 to USD 1,928.6 billion by 2027, at a CAGR of 3.8% during the forecast period. The Iron & steel market comprises major players such as ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Nucor Corporation(US), China Baowu Steel Group Corporation(China), HBIS Group (China), POSCO(South Korea), Ansteel Group Corporation(China), Tata Steel Limited(India), JSW Steel(India), SAIL(India)and others are covered in the iron & steel market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the iron & steel market.
The CVD lab-grown diamonds market is expected to grow from USD 11.3 billion in 2022 to USD 15.9 billion by 2027, at a CAGR of 7.1% during the forecast period. De Beers Group (UK), Sumitomo Electric Industries Ltd. (Japan), Goldiam (India), Adamas One Corp (US), Bhanderi Lab Grown Diamonds LLP (India), Hebei Plasma Diamond Technology Co., Ltd. (China), SP3 Diamond Technologies (US), Delaware Diamond Knives, Inc. (US), EDP Corporation (Japan), Tomei Diamond Corporation (Japan), Heyaru (Belgium), Beijing Worldia Diamond Tools Co., Ltd. (China), Ritani (US), and Shanghai Zhengshi Technology Co., Ltd. (China) are the key players in CVD lab-grown diamond market.
The green mining market is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027, at a CAGR of 9.9% during the forecast period. The major key players in the green mining market are BHP Billiton (Australia), Anglo American Plc (UK), Rio Tinto (UK), VALE S.A. (Brazil), Glencore (Switzerland), Tata Steel (India), Dundee Precious metals (Canada), Jiangxi copper corporation limited (China), Libherr (Switzerland).
The sprinkler irrigation systems market is expected to grow from USD 4.1 billion in 2022 to USD 4.9 billion by 2027, at a compound annual growth rate (CAGR) of 3.8% during the forecast period.The key players Element Solutions, Inc. (US), Lucas Milhaupt Inc. (US), Qualitek International Inc. (US), Fusion Inc. (US), Henkel AG & Co. KGaA (Germany), Senju Metal Industries Co. Ltd. (Japan), Koki Company Limited (Japan), Indium Corporation (US).
The refrigerants market is expected to grow from USD 6.2 billion in 2022 to USD 8.4 billion by 2027, at a CAGR of 6.2% during the forecast period. New product launches and expansions are the major growth strategies adopted by the key players in the market. Honeywell International Inc. (US) and Orbia (Mexico) are the key players that have focused on new product launches and developments for deeper market penetration. The Linde Group (Ireland), The Chemours Company (US)and Daikin Industries Ltd. (Japan) have undertaken expansions in the refrigerants market.
The metal nanoparticles market is expected to grow from USD 2.4 billion in 2021 to USD 4.2 billion by 2026, at a CAGR of 11.5% during the forecast period. Major players operating in the global metal nanoparticles market include American Elements (US), Nanoshel LLC (US), Nanostructured & Amorphous Materials (US), EPRUI Nanoparticles & Microspheres (China), US Research Nanomaterials (US), Tanaka Holdings (Japan), Meliorum Technology (US), Nanocomposix (US), BBI Group (UK), Sigma-Aldrich (US), and Nanocs (US) among many others.
The global rare earth metals recycling market is estimated to be USD 248 million in 2021 and is projected to reach USD 422 million by 2026, at a CAGR of 11.2% from 2021 to 2026. The demand for these elements is likely to rise over the forecast period due to their sustained demand in are key components in emerging applications, including metal alloys, catalysts, permanent magnets, phosphors, polishing, and glass additives.
The global magnet wire market is expected to grow from USD 32.7 billion in 2021 to USD 41.8 billion by 2026, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.The key players LS Cable & System Ltd. (South Korea), Tongling Jingda Special Magnet Wire Co., Ltd. (China), Sumitomo Electric CO., Ltd. (Japan), Hitachi Metals Ltd. (Japan), and Samdong Co., Ltd. (South Korea), FURUKAWA Electric Co. Ltd. (Japan), IRCE S.p.A (Italy), Fujikura Ltd. (Japan), Von Roll Holding AG (Switzerland), and LWW group (Sweden)
The aluminum casting market is projected to reach USD 100.5 billion by 2026. It is expected to grow at a CAGR of 7.4% during the forecast period.The key companies profiled in this report on the aluminum casting market include Alcoa Corporation (US), Ryobi Limited (Japan), Aluminum Corporation of China Limited (China), Rio Tinto (UK), United Company RUSAL (Russia) are key players in aluminum casting market.
The titanium market is expected to grow from USD 24.7 billion in 2021 to USD 33.5 billion by 2026, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.VSMPO-AVISMA (Russia), ATI Metals (US), Titanium Metal Corporation (US), Chemours Company (US), Venator Materials, Plc. (UK),
The Dental Diamond Burs Market is projected to reach USD 191 million by 2026, at a CAGR of 8.0% during the forecast period. The key players in the dental diamond burs market are Dentsply Sirona Inc. (US), Henry Schein, Inc. (US), SHOFU Inc. (Japan), MANI, INC. (Germany), Bresseler USA (US), and others. The dental diamond burs market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
The Permanent Magnet Market is projected to reach USD 54.1 billion by 2026, at a CAGR of 9.5% during the forecast period. Hitachi Metals, Ltd. (Japan), TDK Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Yantai Shougang Magnetic Materials Inc. (China), and Arnold Magnetic Technologies (US) are the key players in the Permanent magnet market. These players have taken different organic and inorganic developmental strategies over the past few years.
The welding equipment, accessories, and consumables market is expected to grow from USD 25.9 billion in 2021 to USD 32.5 billion by 2026, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.Lincoln Electric Holdings, Inc (US), Colfax Corporation (US), Illinois Tool Works Inc. (US), Kobe Steel Ltd (Japan), and Air Liquide S.A( France).
The Washed Silica Sand Market is expected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a CAGR of 5.4% during the forecast period. US Silica Holdings, Inc. (US), Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), amongst others, are the key players operating in the washed silica sand market.
The global silica flour market is expected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a compound annual growth rate (CAGR) of 3.9% during the forecast period.Sibelco Group (Belgium), U.S. Silica Holdings, Inc. (US), Sil Industrial Minerals (Canada), Adwan Chemical Industries Company (Saudi Arabia), International Silica Industries Co. (Jordan), Hoben International Limited (UK), Premier Silica LLC (US), Knouz (Egypt), and AGSCO Corporation (US),
The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.3% during the forecast period. Key players operating in the rare-earth material market are Lynas Corporation (Australia), Alkane Resources ltd (Australia), Arafura Resources Ltd (Australia), China Minmetals Rare Earth Co Ltd (China), Avalon Advanced Materials, Inc (Canada), Iluka Resource Ltd (Australia), Canada Rare Earth Corporation (Canada). These players have adopted various growth strategies to expand their global presence and increase their market share.
The steel wire market is expected to grow from USD 93.1 billion in 2020 to USD 124.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India) and Kobe Steel, Ltd. (Japan), are some of the key players in the steel wire market. JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy) and Byelorussian Steel Works (Belarus), and among others
The precious metals e-waste recovery market is projected to reach USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Some of the leading players operating in the precious metals e-waste recovery market include Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan) among others.
The Calcium Formate Market is expected to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period. Lanxess (Germany), Perstorp (Sweden), Chongqing Chuandong Chemical (Group) Co. Ltd. (China), Geo Specialty Chemical Inc.(Ohio), and Zibo Ruibao Chemical Co. Ltd. (China), American Elements (US), Henan Botai Chemical Building Material Co. Ltd. (China), Shandong Baoyuan Chemical Co. Ltd. (China), Jiangxi Kosin Organic Chemical Co. Ltd (China) and Sidley Chemical Co. Ltd (China) are the leading calcium formate manufacturers, globally.
The Aluminum Rolled Products Market is expected to grow from USD 45.2 billion in 2020 to USD 62.5 billion by 2025, at a CAGR of 6.7% during the forecast period. Key players in the aluminum rolled products market, namely, Novelis Inc. (US), Constellium SE (France), Arconic Rolled Products Corporation (US), UACJ Corporation (Japan), and Norsk Hydro ASA (Norway) are considered for the study.
The long steel market is expected to grow from USD 527.0 billion in 2020 to USD 636.7 billion by 2025 at a compound annual growth rate (CAGR) of 3.9% during the forecast period.Companies such as Arcelor Mittal (Germany), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), and Nucor Corporation (US) are the major players in the long steel market. These players have been adopting strategies such as contracts, expansion, new product launches, acquisitions, and agreements that have helped them expand their businesses in untapped and potential markets.
The abrasives market is expected to grow from USD 46.4 billion in 2020 to USD 58.0 billion by 2025 at a compound annual growth rate (CAGR) of 4.5% during the forecast period.At a global level, companies such as Robert Bosch GMBH (Germany), 3M Company (US), Saint-Gobain Abrasives, Inc. (US), and Fujimi Incorporated (Japan) are providing abrasive products. Large construction players such as LafargeHolcim (France), Balfour Beatty PLC (UK), Kier Group PLC (UK), and Carillon PLC (UK) have scope to enter into abrasive services. Other players in the market include Henkel AG & CO. KGAA (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial Co., LTD (Japan), Sak Industries (India), Deerfos Co., Ltd (Korea), and Carborundum Universal Limited (India).
The metal recycling market is expected to grow from USD 52.1 billion in 2019 to USD 76.1 billion by 2025, at a compound annual growth rate (CAGR) of 7.8% during the forecast period. Arcelormittal (Luxembourg) is a leading company in Europe and one of the world’s leading steel manufacturers. ArcelorMittal is considered to be the largest steel producer in America, Africa, and Europe In 2018, ArcelorMittal recycled 31 million tons of scrap steel, which included primary steel arising from the company’s own operations and scrap that was purchased for use in the company’s furnaces. The use of scrap steel avoided 40 million tons of CO2 emissions. Their global R&D division is currently working with Worldsteel Association on a number of recycling projects. Also they have been collaborating with the automotive industry to analyze how much more value can be achieved by disassembling vehicles before they are shredded to recover scrap.
The Sintered Steel Market is expected to grow from USD 23.6 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 3.7% during the forecast period. Companies such as Sumitomo Electric Industries Limited (Japan), GKN PLC (UK), Samvardhana Motherson Group (Spain), Hitachi Chemical (Japan), The Miba Group (US), ASCO Sintering Co. (US), Sintercom India Ltd. (India), AMES Sintering Metallic Components (Spain), and Schunk Sinter Metals (Germany) are the key players operating in the sintered steel market. Expansions, investments, new product developments, and acquisitions are some of the major strategies adopted by these key players to enhance their position in the market.
The weathering steel market is estimated to be USD 1.0 billion in 2019 and is projected to reach USD 1.6 billion by 2024, at a CAGR of 8.8% from 2019 to 2024. Excellent high strength and increased corrosion resistant over entire life-cycle make it an ideal choice for application in bridge construction. Also, the extraordinary appeal of weathering steel is resulting in architectures and designers increasingly using the material in outdoor and architectural construction. Companies such as Arcelor Mittal (Germany), United States Steel Corporation (US), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), Posco (South Korea), SSAB AB (Sweden), JFE Steel Corporation (Japan), Bluescope Steel Limited (Australia), HBIS Group (China) and A. Zahner Company (US), among others, are the major players in the weathering steel market. These players have been focusing on strategies such as new contracts, product launches, acquisitions, collaborations, agreements, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets.
The steel fiber market is projected to grow from USD 2.0 billion in 2018 to USD 2.5 billion by 2023, at a CAGR of 5.0% between 2018 and 2023. The market is growing due to the high demand from infrastructure and construction industries. Steel fiber is used in these industries as they exhibit properties such as superior tensile strength, crack resistance, durability, corrosion resistance, and high shear strength.Arcelor Mittal (Luxembourg), Bekaert (Belgium), Fibrometals (Romania), Nippon Seisen (Japan), Zhejiang Boean Metal Products (China), Green Steel Group (Italy), Spajic Doo (Serbia), Hunan Sunshine Steel Fiber (China), Yuthian Zhitai Steel Fiber Manufacturing (China), and R. STAT (Saint-Jean-Bonnefonds).
The global specialties of lube oil refinery market is estimated to be USD 10.4 billion in 2018 and is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8%. The growth in the packaging, rubber manufacturing, cosmetics, and pharmaceutical industries is expected to drive the specialties of lube oil refinery market.Companies such as Exxon Mobil Corporation (US), Sinopec Corporation (China), Royal Dutch Shell Plc (Netherlands), PetroChina Company Limited (China), Repsol SA (Spain), Eni S.p.A. (Italy), LUKOIL (Russia), and Sasol Ltd. (South Africa) are the leading players
The antimony market size is projected to reach USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The growth of the antimony market can be attributed to the increasing use of antimony in the chemical industry. In the chemical industry, antimony is prominently used in flame synergist, catalyst, and stabilizer. The automotive industry is the second-largest end-use industry of antimony. Antimony is used in lead acid batteries in the automotive sector. Major players operating in the antimony market include AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), Recyclex (France), Nihon Seiko (Japan), Umicore (France), Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China), Huachang Antimony Industry (China), Consolidated Murchison Mine (South Africa), and Hsikwangshan Twinkling Star Co. Ltd. (China). These companies have strong presence in the antimony market and are continuously undertaking efforts to improve their business strategies and product portfolios.
The global market for high strength aluminum alloys, in terms of value in 2018 was 37.94 Billion and is projected to reach USD 55.24 Billion by 2023, at a CAGR of 7.8% between 2018 and 2023. In terms of volume, global market for high strength aluminum alloys is projected to reach 11,477.9 kilotons by 2023, at a CAGR of 5.6% during the same period. The increasing stringent regulations for fuel efficiency and emission and growing use of high strength aluminum alloys in luxury car segment are key factors for the growth of the global market for high strength steel aluminum alloys. Some of the key global players prevailing in the high strength aluminum alloys market are Rio Tinto PLC (U.K.), Aluminum Bahrain B.S.C. (Bahrain), Norsk Hydro ASA (Norway), Hindalco Industries Limited (India), and Alco Inc. (US). These players adopted various organic and inorganic developmental strategies. For instance, Norsk Hydro entered into an agreement to acquire Rio Tinto's Icelandic aluminum plant ISAL for $345 million. The agreement also includes buying Rio’s 53.3-percent share in Dutch anode plant Aluchemie and its 50-percent share in Swedish aluminum fluoride plant Alufluor.
MarketsandMarkets projects that the industrial nitrogen market will grow from USD 15.03 Billion in 2017 to USD 19.96 Billion by 2022, at a CAGR of 5.83%. This market is witnessing considerable growth due to the growing food & beverage and pharmaceutical industries in the emerging Asia Pacific market. Technological advancements in industrial gas are the key factors driving the growth of the industrial nitrogen market. The major players in the industrial nitrogen market include Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), and Taiyo Nippon Sanso (Japan). Other players in this market include Messer Group (Germany), Nexair LLC (US), and Gulf Cryo (Kuwait).
MarketsandMarkets projects that the heat-treated steel plates market will grow from USD 102.36 Billion in 2017 to USD 121.77 Billion by 2022, at an estimated CAGR of 3.53%. The global heat-treated steel plates market is dominated by players such as ArcelorMittal (Luxembourg), Thyssenkrupp AG (Germany), POSCO (South Korea), TATA Steel (India), Baosteel (China), Outokumpu (Finland), JFE Holdings (Japan), Nippon Steel & Sumitomo Metal Corporation (Japan), Novolipetsk Steel (Russia), and Essar Steel (India).
The feldspar market is estimated to be USD 547.0 Million in 2017 and is projected to reach USD 745.7 Million by 2022, at a CAGR of 6.4%, in terms of value, between 2017 and 2022. The use of feldspar as a fluxing agent in glass and ceramic manufacturing industries is expected to drive the feldspar market during the forecast period. The major players active in the feldspar market are Eczacibasi Esan (Turkey), Micronized Group (South Africa), Imerys Minerals (UK), Sibelco Nordic (Norway), and The Quartz Corp. (France). The rise in demand from end-use industries is expected to increase the mining of feldspar by these companies.
The mining waste management market is estimated to be 173.64 Billion Tons in 2017 and is expected to reach 233.56 Billion Tons by 2022, at a CAGR of 6.1% from 2017 to 2022. Some of the key players in the mining waste management market are Amec Foster Wheeler (UK), Ausenco (Australia), EnviroServ (South Africa), Interwaste Holdings Ltd. (South Africa), Veolia Environnement (France), Golder Associates (Canada), Hatch Ltd. (Canada), Teck (Canada), Tetra Tech, Inc. (US), Toxfree Solutions Ltd. (Australia), Tetronics International (UK), Aevitas (Canada), Global Mining Solutions (Canada), Zeal Environmental Technologies Ltd. (Ghana), Ramboll Group (Denmark), Knight Piésold (South Africa), Metsana Group (South Africa), Earth Systems (Australia), American Waste Management Services, Inc. (US), ATC Williams (Australia), Jones & Wagener (South Africa), Cleanway Environmental Services (Australia), Cleanways (Australia), Stantec (US), Enviropacific Services (Australia), Daiseki Co., Ltd. (Japan), and Averda (UAE).
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 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 global high purity gases market was valued at USD 19,741.7 Million in 2014, and is projected to grow at a CAGR of 6.2% from 2015 to 2020. The increasing demand in various applications such as metal production, oil & gas, chemical, electronics, medical & healthcare, and food & beverage are the major factors driving the growth of the high purity gases industry. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, there is a rapidly increasing need for high purity gases. The noble gases segment is the fastest-growing segment on the basis of product.
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 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 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.