Global Welding Gas Market Research Report: Forecast (2024-2030)

Name: Global Welding Gas Market Research Report: Forecast (2024-2030)
Creator: MarkNtel Advisors
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Global Welding Gas Market Report - By Product Type (Carbon Dioxide, Argon, Hydrogen, Oxygen, Others (Helium, Acetylene, etc.)), By Application (Gas Metal Arc Welding (GMAW/MIG), Ga......s Tungsten Arc Welding (GTAW/TIG), Shielded Metal Arc Welding (SMAW), Flux Cored Arc Welding (FCAW)), By End-User (Metal Manufacturing & Fabrication, Building & Construction, Energy, Automotive, Aerospace & Defense, Others (Oil & Gas, Transportation, etc.)), and Others Read more

Energy
May 2024
Pages 178
Report Format: PDF, Excel, PPT

Market Definition

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.

Market Insights & Analysis: Global Welding Gas Market (2024-30):

The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30. 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.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	5.2%
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.

Global Welding Gas Market Driver:

Rapidly Expanding Construction Sector with Numerous Infrastructural Developments - To cater to the rising industrialization & urbanization, governments of several countries are excessively spending on infrastructural development & expansion projects, i.e., spurring construction activities associated with both residential & commercial buildings worldwide. As a result, the flourishing building & construction industry is creating a massive demand for welding processes, which indicates remunerative prospects for the Global Welding Gas Market during 2024-30.

Global Welding Gas Market Research Report: Forecast (2024-2030)

Global Welding Gas Market Possible Restraint:

Stringent Regulations for the Welding Gas Usage to Curb Carbon Emissions - Despite the ever-increasing demand for welding gases in various industries, there are strict norms imposed by governments of several countries for their usage, owing to the massive amount of greenhouse gas emissions generated during welding processes that negatively impact the environment. Moreover, the cryogenic process used to liquefy carbon dioxide & argon gases incurs a large amount of electricity, which also accounts for most emissions. Hence, various governing bodies & authorities are imposing strict rules to reduce these emissions and contribute to a greener future, i.e., the most prominent growth restraint for the Global Welding Gas Market during 2024-30.

Global Welding Gas Market Trend:

The Emergence of Advanced Technologies in the Welding Industry - 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.

Global Welding Gas Market (2024-30): Segmentation Analysis

Based on Product Type:

Carbon Dioxide
Argon
Hydrogen
Oxygen
Others (Helium, Acetylene, etc.)

Of them all, argon gas holds a significant share in the Global Welding Gas Market, owing primarily to its burgeoning demand & utilization in the booming metal fabrication industry worldwide. Argon gas creates an inert barrier between molten metals & slags and atmospheric oxygen, nitrogen, or carbon dioxide. Hence, it is used extensively in welding applications in order to protect metals from oxidation and provides good stabilization on electric arcs in metal fabrication processes.

In addition, its high thermal conductivity and superior resistance to heat cracking make it crucial for the stainless steel welding application. Moreover, the ever-growing use of MIG & resistance welding for vehicle manufacturing & repairing is also amplifying the demand for argon gas in the construction, aerospace, shipping, & automotive industries and, in turn, fueling the welding gas market growth.

Based on Application:

Gas Metal Arc Welding (GMAW/MIG)
Gas Tungsten Arc Welding (GTAW/TIG)
Shielded Metal Arc Welding (SMAW)
Flux Cored Arc Welding (FCAW)

Here, Gas Metal Arc Welding (GMAW/MIG) will record the highest demand growth in the global welding gas market during 2024-30. It is a continuous wire process with high filler metal utilization and is being substituted increasingly for shielded metal arc, gas welding, brazing, & resistance welding types.

The prime aspects attributing to the ever-increasing demand for GMAW are its low cost & extensive applicability to a wide range of metal surfaces. Substantial government funding for infrastructure expansion & renovation projects and the mounting demand for GMAW in construction, oil & gas, aerospace & defense, & automotive industries will continue spurring the growth of the welding gas market in the years to come.

Global Welding Gas Market (2024-30): Regional Projections

Geographically, the Global Welding Gas Market expands across:

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Of all regions, Asia-Pacific is the most prominent Welding Gas Market with a significant share, with China, Japan, & India as the leading contributors. Massive government investments in both new & existing infrastructural development projects, industrial expansions, & improving economic conditions, along with rapid urbanization across these countries, are the key aspects driving the welding gas industry in Asia-Pacific.

Besides, the mounting applications of welding gas in the rapidly expanding construction, energy, & automotive industries, coupled with the surging number of new housing facilities, are also stimulating the regional market growth. Moreover, the massive automobile production and the flourishing electronic, heavy engineering, & metal fabrication industries are further creating new avenues for the Asia-Pacific Welding Gas Market to expand significantly through 2030.

Gain a Competitive Edge with Our Global Welding Gas Market Report

What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Welding Gas Market?
What are the region-wise industry size, growth drivers, and challenges?
What are the key innovations, opportunities, current & future trends, and regulations in the Global Welding Gas Market?
Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Welding Gas Market based on the competitive benchmarking matrix?
What are the key results derived from surveys conducted during the Global Welding Gas Market study?

Frequently Asked Questions

A. The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during 2024-30.

A. The thriving building & construction sector due to substantial government spending on infrastructural developments worldwide is the prime aspect projected to drive the Global Welding Gas Market through 2030. On the other hand, stringent government regulations for welding gas usage, owing to the massive amount of carbon emissions generated by welding processes, might restrain the market growth in the forecast years.

A. Argon Gas is projected to create remunerative prospects for the key companies in the Global Welding Gas Market during 2024-30.

A. Asia-Pacific would continue dominating the Welding Gas Market globally while creating lucrative prospects for the leading companies through 2030.

Introduction
1. Product Definition
2. Research Process
3. Market Segmentation
4. Assumptions
Executive Summary
Impact of Covid-19 on the Global Welding Gas Market
Global Welding Gas Market Trends & Insights
Global Welding Gas Market Dynamics
1. Drivers
2. Challenges
Global Welding Gas Market Regulations & Policies
Global Welding Gas Market Hotspots & Opportunities
Global Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
    1. Carbon Dioxide
    2. Argon
    3. Hydrogen
    4. Oxygen
    5. Others (Helium, Acetylene, etc.)
  2. By Application
    1. Gas Metal Arc Welding (GMAW/MIG)
    2. Gas Tungsten Arc Welding (GTAW/TIG)
    3. Shielded Metal Arc Welding (SMAW)
    4. Flux Cored Arc Welding (FCAW)
  3. By End-User
    1. Metal Manufacturing & Fabrication
    2. Building & Construction
    3. Energy
    4. Automotive
    5. Aerospace & Defense
    6. Others (Oil & Gas, Transportation, etc.)
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia Pacific
  5. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
North America Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Application
  3. By End User
3. By Country
  1. The US
  2. Canada
  3. Mexico
4. The US Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
5. Canada Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
6. Mexico Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
South America Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Application
  3. By End User
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
4. Argentina Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
Europe Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Application
  3. By End User
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Russia
    5. Italy
    6. Spain
    7. Rest of Europe
3. Germany Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
4. The UK Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
5. France Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
6. Russia Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
7. Italy Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
8. Spain Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
The Middle East & Africa Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Application
  3. By End User
  4. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of The Middle East & Africa
3. Saudi Arabia Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
4. The UAE Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
5. South Africa Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
Asia-Pacific Welding Gas Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Application
  3. By End User
  4. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
4. Japan Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
5. India Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
6. South Korea Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
7. Australia Welding Gas Market Outlook, 2019-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By End User
Global Welding Gas Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. Air Liquide SA
  2. Air Products and Chemicals, Inc.
  3. American Welding and Gas
  4. Arc3 Gases
  5. Gulf Cryo
  6. Iceblick Ltd.
  7. Linde PLC
  8. Nippon Sanso Holdings Corporation
  9. Southern Industrial Gas Sdn. Bhd.
  10. The Messer Group GmbH
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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