The Welding Gas/Shielding Gas Market Growth was valued at USD 3.05 billion in 2022 and is projected to reach USD 4.66 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 5.43% during the forecast period from 2023 to 2030.
The welding gas market has witnessed significant growth in recent years, driven by various factors such as the increasing demand for welding applications across industries like automotive, construction, and manufacturing. Welding gas, also known as shielding gas, plays a crucial role in ensuring the quality and efficiency of welding processes.
The rising need for efficient and cost-effective welding techniques has propelled the demand for welding gases. These gases provide a protective atmosphere around the welding area, preventing the formation of unwanted impurities and ensuring a clean and strong weld. Moreover, the growing adoption of advanced welding technologies, such as gas metal arc welding (GMAW) and gas tungsten arc welding (GTAW), further fuels the demand for welding gases.
Additionally, the expanding construction and infrastructure development activities worldwide contribute to the market's growth. The construction industry extensively utilizes welding processes for structural fabrication, pipeline construction, and repair work. This, in turn, drives the demand for welding gases.
Furthermore, the automotive industry's rapid growth, particularly in emerging economies, boosts the market's expansion. Welding gases find extensive application in automotive manufacturing, including body assembly, frame fabrication, and component welding. The increasing production of vehicles, coupled with the rising focus on lightweight materials and fuel efficiency, drives the demand for welding gases in this sector.
Geographically, North America and Europe dominate the welding gas market due to the presence of well-established manufacturing and automotive industries. However, the Asia Pacific region is expected to witness significant growth during the forecast period. The region's booming construction and automotive sectors, along with the rapid industrialization in countries like China and India, contribute to the market's expansion.
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KEY MARKET SEGMENTATION
By Type:
Argon
Carbon dioxide
Oxygen
Hydrogen
Others
By Application:
Gas Metal Arc Welding
Gas Tungsten Arc Welding
Others (Oxy-Acetylene Welding)
By End User:
Metal Manufacturing
Construction
Energy
Aerospace
Others
Key Players
The major key players in these markets are Air Liquide S.A., Air Products, Chemicals, Inc., Gulf Cryo, Iceblick Ltd., Iwatani Corporation, Messer Group, Praxair Inc., Southern Industrial Gas, Taiyo Nippon Sanso Corporation, The Linde Group and Other Players
Driving Factors
Increasing demand for welding processes in the construction sector.
Government initiatives for developing better Infrastructure.
Governments rising interest in investment in mining development.
Opportunities
Continuous efforts of government in infrastructure development.
The rise in the automotive industry and many nations focusing on automotive production.
Rise of people's interest in investing in the construction business
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Table of Contents
Introduction
Research Methodology
Market Dynamics
Impact Analysis
Value Chain Analysis
Porter’s 5 forces model
PEST Analysis
Welding Gas/Shielding Gas Market Segmentation, by Type
Welding Gas/Shielding Gas Market Segmentation, by Application
Welding Gas/Shielding Gas Market Segmentation, by End-User
Regional Analysis
Company Profile
Competitive Landscape
Conclusion
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