Welding Gas/Shielding Gas Market Size and Forecast 2024-2033|Air Products and Chemicals Inc., Gulf Cryo, Linde PLC, Iwatani Corporation, Praxair Inc

Overview and Scope

Welding gas, or shielding gas, refers to the combination of various chemically inert or semi-inert gases that are utilized to protect the welding area from moisture and other environmental gases in commercial welding. The welding gas or shielding gas is used to keep air out of arcs, metal fabrication, high carbon steel, aluminum-based containers, and join different metals to form containers.

Sizing and Forecast

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.

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Segmentation & Regional Insights

The welding gas/shielding gas market covered in this report is segmented –

1) By Type: Argon, Carbon Dioxide, Oxygen, Hydrogen, Other Types

2) By Storage, Transportation and Distribution Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid and Bulk Distribution

3) By Application: Gas Metal Arc Welding, Gas Tungsten Arc Welding, Other Application

4) By End User Industry: Metal Manufacturing and Fabrication, Construction, Energy, Aerospace, Other End-User Industry

North America was the largest region in the welding gas/shielding gas market in 2023. The regions covered in the welding gas/shielding gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the welding gas/shielding gas market report are Air Products and Chemicals Inc., Gulf Cryo, Linde PLC, Iwatani Corporation, Praxair Inc., Nippon Sanso Holdings Corporation, Southern Industrial Gas Sdn Bhd, The Messer Group GmbH, American Welding Gas Inc., Ellenbarrie Industrial Gases Ltd., Lincoln Electric Holdings Inc., Elektriska Svetsnings-Aktiebolaget, Fronius International GmbH, Gas Innovations, Sterling Gases Limited, SIG Gases Berhad, Iceblick Ltd., Messer Canada Inc., WestAir Gases & Equipment, Norco Inc., Weldstar Company, Arc3 Gases, Holston Gases Inc., Roberts Oxygen Inc., NexAir LLC, Indiana Oxygen Company Inc., Haun Welding Supply Inc., Welders Supply Company, Welding Industrial Supply Company, Sidney Lee Welding Supply Inc.

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

26. South America Welding Gas/Shielding Gas Market

27. Brazil Welding Gas/Shielding Gas Market

28. Middle East Welding Gas/Shielding Gas Market

29. Africa Welding Gas/Shielding Gas Market

30. Welding Gas/Shielding Gas Market Competitive Landscape And Company Profiles

Top Major Players: