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.
Based on Product Type:
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:
Here, Gas Metal Arc Welding (GMAW/MIG) will record the highest demand growth in the global welding gas market during 2022-27. 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.
Geographically, the Global Welding Gas Market expands across:
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 2027.
Key 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 2022-27.
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 2022-27.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during 2022-27.
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 2027. 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 2022-27.
A. Asia-Pacific would continue dominating the Welding Gas Market globally while creating lucrative prospects for the leading companies through 2027.