Welding gas, also known as shielding gas, is an inert/semi-inert gas used extensively in various welding processes, including gas metal arc welding (GMAW), gas tungsten arc welding (GTAW), etc., in order to protect the weld from unwanted contaminants, such as oxygen, nitrogen, water vapor, or other elements in the surroundings. Numerous welding gases like carbon dioxide, hydrogen, acetylene, helium, oxygen, & argon, among others, are used in welding processes, either in their purest forms or combined, such as argon-helium, argon-carbon dioxide, argon-oxygen, etc.
The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2022-27. Most of the market expansion would be propelled by the rapidly expanding building & construction, metal manufacturing, automotive, & aerospace industries globally, in which welding is amongst the most prominent applications, thereby augmenting the demand for welding gases. Besides, the increasing number of residential & commercial development projects, especially in emerging countries, coupled with rising urbanization & industrialization, are other key aspects driving the welding gas market.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: The US, Canada, Mexico|
|South America: Brazil, Argentina, Rest of South America|
|Europe: Germany, The UK, France, Russia, Italy, Spain, Rest of Europe|
|Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of The Middle East & Africa|
|Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific|
|Key Companies Profiled||
Air Liquide SA, Air Products and Chemicals, Inc., American Welding and Gas, Arc3 Gases, Gulf Cryo, Iceblick Ltd., Linde PLC, Nippon Sanso Holdings Corporation, Southern Industrial Gas Sdn. Bhd., and The Messer Group GmbH, among others.
|Unit Denominations||USD Million/Billion|
Welding gases are being excessively used in the metal fabrication & manufacturing industry, i.e., thriving at a robust pace. Moreover, the flourishing automotive industry, especially across Asia-Pacific & Latin America, is another highly opportunistic area for the welding gas market to grow significantly in the coming years. Moreover, massive investments by governments of various countries in the aerospace & defense, and manufacturing sectors are also spurring the demand for welding gas to ensure superior build quality & better performance of different components & equipment used in these industries.
Latest Trend in the Global Welding Gas Market
The welding industry has transformed significantly in the past few years owing to transitions toward joining dissimilar & non-metallic materials, customized metal shapes & designs, and the emergence of different techniques. Currently, the world is witnessing a rapidly rising adoption of robotic welding as it reduces the overall operational time and allows for high-precision welds & enhanced productivity. Moreover, as technologies like the IoT (Internet of Things), AI (Artificial Intelligence), cloud, & smart sensors are being increasingly embedded into these robotic welding solutions, it has notably reduced workplace accidents. Hence, these aspects indicate a highly lucrative future for the overall welding industry globally, which, in turn, would stimulate the growth of the welding gas market in the forecast years.