PUBLISHER: Grand View Research | PRODUCT CODE: 1553970
PUBLISHER: Grand View Research | PRODUCT CODE: 1553970
The global shielding gas for welding market size was estimated at USD 3.03 billion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030. The market is expected to grow due to the increasing demand for construction and manufacturing work in smart cities. Government initiatives aimed at improving infrastructure will also contribute to this growth.
The growing need for welding processes like shielded arc welding, metal arc welding, and tungsten metal arc welding is a significant factor driving the gas and shielding gas market. This demand is primarily fueled by the construction industry, particularly the increasing need for larger buildings in major cities, which will further boost the welding gas market. In addition to the construction and manufacturing sectors, the demand for welding gas/shielding gas will further drive the market.
Global Shielding Gas for Welding Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global shielding gas for welding market report based on resin, distribution, end use, and region: