The Welding Gas/Shielding Gas by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Welding Gas/Shielding Gas , The welding gas/shielding gas market size has grown strongly in recent years. It will grow from $2.94 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to industrial growth, infrastructure development, globalization of manufacturing, automotive industry.
The welding gas/shielding gas market size is expected to see strong growth in the next few years. It will grow to $4.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increased construction activities, economic expansion in emerging markets, stringent regulatory standards, rise in renewable energy projects. Major trends in the forecast period include technological advancements in welding processes, transition to specialty gases, adoption of automation, growing demand for laser welding gases, digitalization in welding, strategic partnerships and mergers, customized gas mixtures.
Growth in metal manufacturing and metal fabrication industries is expected to propel the growth of the welding gas or shielding gas market forward. Metal manufacturing and metal fabrication refer to the process of manufacturing metal sheets and castings by smelting, casting, and mining metal. Welding and shielding gases are used in the fabrication and manufacturing of metal products to join two parts of metal sheets due to their properties such as strength, durability, and resistance to corrosion. For instance, in 2022, according to World Population Review, a US-based global independent organization that provides demographic information about the population, total global steel production in 2021 was 1950.5 million tonnes and 4 million tonnes in 2020, representing a 3.7% increase in total global production. Further, according to Canadian Industry Statistics, a Canada-based government agency that provides industrial data, the total manufacturing value of metal fabricated products was $42.4 billion in 2019 and increased by up to 8.2% every year in Canada. Therefore, the growing metal manufacturing and metal fabrication industries are driving the welding gas or shielding gas market.
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The welding gas/shielding gas market covered in this report is segmented –
1) Welding Gas/Shielding Gas Market By Type: Argon, Carbon Dioxide, Oxygen, Hydrogen, Other Types
2) Welding Gas/Shielding Gas Market By Storage, Transportation and Distribution Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid and Bulk Distribution
3) Welding Gas/Shielding Gas Market By Application: Gas Metal Arc Welding, Gas Tungsten Arc Welding, Other Application
4) Welding Gas/Shielding Gas Market By End User Industry: Metal Manufacturing and Fabrication, Construction, Energy, Aerospace, Other End-User Industry
Top Major Players
Air Products and Chemicals Inc.
Nippon Sanso Holdings Corporation ials Inc.
Technological advancements are a key trend gaining popularity in the welding gas and shielding gas market. Major companies operating in the welding gas and shielding gas markets are concentrating their efforts on creating innovative technologies to make welding operations faster and safer. For instance, Air Liquide S.A., a France-based technology company that provides industrial gases and services to different industrial sectors, launched Qlixbi. This innovative packaged gas, equipped with digital technology, offers unique features including continuous supply and faster application of gas in welding operations with a suite of innovative cylinders and digital solutions. The digital applications of Qlixbi offer insights that help to improve welding operational productivity and improve efficiency.
The welding gas/shielding gas market report table of contents includes:
1. Executive Summary
2. Welding Gas/Shielding Gas Market Characteristics
3. Welding Gas/Shielding Gas Market Trends And Strategies
4. Welding Gas/Shielding Gas Market – Macro Economic Scenario
5. Global Welding Gas/Shielding Gas Market Size and Growth
…….
31. Global Welding Gas/Shielding Gas Market Competitive Benchmarking
32. Global Welding Gas/Shielding Gas Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Welding Gas/Shielding Gas Market
34. Welding Gas/Shielding Gas Market Future Outlook and Potential Analysis
35. Appendix
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