Global Welding Gas

Global Welding Gas Market Research Report: Forecast (2022-2027)

By Product Type (Carbon Dioxide, Argon, Hydrogen, Oxygen, Others (Helium, Acetylene, etc.)), By Application (Gas Metal Arc Welding (GMAW/MIG), Gas Tungsten Arc Welding (GTAW/TIG), Shielded Metal Arc W Read more

  • Chemicals
  • Oct 2022
  • 178
  • EN77040

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

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.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 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.

Latest Trend in the Global Welding Gas Market

  • 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.

Market Segmentation

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 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.

Regional Projection

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 2027.

Market Dynamics

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:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Welding Gas Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Welding Gas Market?
  4. 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?
  5. 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 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.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of Covid-19 on the Global Welding Gas Market 
  4. Global Welding Gas Market Trends & Insights
  5. Global Welding Gas Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Welding Gas Market Regulations & Policies
  7. Global Welding Gas Market Hotspots & Opportunities
  8. Global Welding Gas Market Outlook, 2017-2027
    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
  9. North America Welding Gas Market Outlook, 2017-2027
    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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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
  10. South America Welding Gas Market Outlook, 2017-2027
    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, 2017-2027
      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, 2017-2027
      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
  11. Europe Welding Gas Market Outlook, 2017-2027
    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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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
  12. The Middle East & Africa Welding Gas Market Outlook, 2017-2027
    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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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
  13. Asia-Pacific Welding Gas Market Outlook, 2017-2027
    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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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, 2017-2027
      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
  14. Global Welding Gas Market Key Strategic Imperatives for Growth & Success
  15. 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
  16. Disclaimer
Welding Gas Market Segmentation Slide