PUBLISHER: The Business Research Company | PRODUCT CODE: 1392981
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392981
“Welding Gas/Shielding Gas Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on welding gas/shielding gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for welding gas/shielding gas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The welding gas/shielding gas market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Welding gas, also known as shielding gas, is a combination of chemically inert or semi-inert gases employed to protect the welding area from moisture and other environmental gases during commercial welding processes. This gas is crucial for preventing the intrusion of air into arcs, metal fabrication, high carbon steel, aluminum-based containers, and the joining of different metals to create containers.
The primary types of welding gas or shielding gas include argon, carbon dioxide, oxygen, hydrogen, and others. Argon, a non-toxic inert gas, is particularly useful for welding aluminum and magnesium metals. Storage, transportation, and distribution models for welding gas involve cylinder and packaged gas distribution, as well as merchant liquid and bulk distribution. These applications are relevant in metal arc welding, gas tungsten arc welding, and various other welding processes. The end-user industries for welding gas encompass metal manufacturing and fabrication, construction, energy, aerospace, and other relevant sectors.
The welding gas/shielding gas market research report is one of a series of new reports from The Business Research Company that provides welding gas/shielding gas market statistics, including welding gas/shielding gas industry global market size, regional shares, competitors with a welding gas/shielding gas market share, detailed welding gas/shielding gas market segments, market trends and opportunities, and any further data you may need to thrive in the welding gas/shielding gas industry. This welding gas/shielding gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
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 observed in the historic period can be attributed to several factors, including industrial growth, infrastructure development, the globalization of manufacturing, and the expansion of the 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 anticipated growth in the forecast period can be attributed to several factors, including increased construction activities, economic expansion in emerging markets, stringent regulatory standards, and a rise in renewable energy projects. Major trends expected in the forecast period include technological advancements in welding processes, a transition to specialty gases, the adoption of automation in welding, a growing demand for laser welding gases, digitalization in welding processes, strategic partnerships and mergers in the industry, and the use of customized gas mixtures to meet specific welding requirements.
The anticipated growth in the metal manufacturing and metal fabrication industries is set to drive the welding gas or shielding gas market forward. Metal manufacturing and fabrication involve processes such as smelting, casting, and mining to produce metal sheets and castings. Welding and shielding gases play a crucial role in these industries, facilitating the joining of metal sheets by providing properties such as strength, durability, and resistance to corrosion. For example, data from the World Population Review reveals that global steel production increased by 3. 7%, reaching 1950. 5 million tonnes in 2021 compared to 4 million tonnes in 2020. Additionally, Canadian Industry Statistics reports an 8. 2% annual increase in the total manufacturing value of metal fabricated products, amounting to $42. 4 billion in Canada in 2019. Hence, the expanding metal manufacturing and fabrication industries are key drivers for the welding gas or shielding gas market.
The anticipated growth in the welding gas or shielding gas market is further propelled by increasing government initiatives. Government initiatives encompass specific actions, policies, or programs undertaken at different levels to address various issues, achieve specific goals, or promote outcomes in the public interest. Governments actively support welding gas and shielding gas applications to ensure safety, environmental sustainability, and adherence to industry standards. For example, in March 2022, the Chinese government unveiled a long-term hydrogen plan spanning from 2021 to 2035, aimed at nurturing the domestic hydrogen sector and achieving proficiency in hydrogen technologies and manufacturing. Similarly, in February 2022, the Indian government introduced a Green Hydrogen Policy with the objective of positioning India as a major hub for green hydrogen production, targeting 5 million tons by 2030. These initiatives are expected to drive the growth of the welding gas or shielding gas market.
Technological advancements emerge as a significant trend in the welding gas and shielding gas market. Major companies in this sector are actively developing innovative technologies to enhance the speed and safety of welding operations. For instance, Air Liquide S. A., a France-based technology company, introduced Qlixbi, an innovative packaged gas equipped with digital technology. Qlixbi offers unique features, including continuous supply and faster application of gas in welding operations, along with digital solutions that provide insights to improve welding operational productivity and efficiency.
Leading companies in the welding gas and shielding gas market are strategically introducing advanced and portable solutions, such as CO2 welding gas analyzers, to gain a competitive edge. A portable CO2 welding gas analyzer measures the concentration of CO2 in active welding gas blends. For example, CO2Meter, a US-based gas detection and monitoring company, launched the CM-1650, a portable CO2 welding gas analyzer, to verify correct CO2 concentrations in welding gas mixes. The device offers a wide measurement range according to AWS (American Welding Society) standards, and its data logging capabilities on a micro-SD card facilitate data analysis for welding inspectors and auditors.
In a significant development, in April 2022, Air Products and Chemicals, Inc., a US-based chemical company providing industrial gases, acquired Air Liquide for $11. 2 billion. This strategic acquisition enhances Air Products' welding gas product portfolio, workforce, and product reach in the UAE and Bahrain, considering Air Liquide's expertise in welding and shielding gases.
Major companies operating in the 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.
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
The countries covered in the welding gas/shielding gas market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The welding gas or shielding gas market consists of sales of argon and helium. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.