Global Industrial Gases Metal Fabrication Market Overview
As per MRFR analysis, the Industrial Gases Metal Fabrication Market Size was estimated at 18.01 (USD Billion) in 2022. The Industrial Gases Metal Fabrication Market Industry is expected to grow from 18.58(USD Billion) in 2023 to 24.6 (USD Billion) by 2032. The Industrial Gases Metal Fabrication Market CAGR (growth rate) is expected to be around 3.17% during the forecast period (2024 - 2032).
Key Industrial Gases Metal Fabrication Market Trends Highlighted
The global industrial gas metal fabrication market is poised for robust growth, driven by several key factors, including the increasing demand for specialized gases in various manufacturing processes, technological advancements enabling efficient gas utilization, and stringent environmental regulations promoting the adoption of sustainable practices.
Opportunities abound in emerging markets, particularly in Asia-Pacific, where rapid industrialization and infrastructure development have created a high demand for industrial gases in metal fabrication. The industry has witnessed trends toward automation and digitization, with the integration of sensors and data analytics to optimize gas usage and reduce operating costs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Gases Metal Fabrication Market Drivers
Rising Demand from the Metal Fabrication Industry
One of the major consumers of industrial gases, such as oxygen, nitrogen, and argon, is the metal fabrication industry. These gases are utilized throughout the process to weld, cut, and perform stress-relieving actions. The industry's growth is highly likely to positively initiate the development of the other one as the demand for metal fabrication rises. The Industrial Gases Metal Fabrication Market Industry is predicted to have a substantial increase in the forthcoming future because of the rise of a similar industry.
The metal fabrication industry's boost can be attributed to the growth of demand for the production of metal items in different sectors, such as automotive, construction, and shipbuilding, and, thus, will highly likely use more industrial gases throughout the metal fabrication process.
Increasing Adoption of Advanced Technologies
The adoption of advanced technologies in the metal fabrication industry is also expected to drive the demand for industrial gases. These technologies, such as laser cutting and plasma cutting, require the use of specific industrial gases to achieve high-quality results. The increasing adoption of these technologies is expected to boost the demand for industrial gases in the metal fabrication industry.
Growing Stringent Environmental Regulations
Stringent environmental regulations are also expected to drive the demand for industrial gases in the metal fabrication industry. These regulations are aimed at reducing emissions and improving air quality. Industrial gases can be used to reduce emissions and improve efficiency in metal fabrication processes, which is expected to drive the demand for these gases.
Industrial Gases Metal Fabrication Market Segment Insights:
Industrial Gases Metal Fabrication Market Process Insights
The Industrial Gases Metal Fabrication Market is identified on the basis of four key industrial processes, including Welding, Cutting, Brazing, and Heat Treatment. It is Welding that accounts for the most considerable part of the market, a result of the enormous application of the process of weld joining within the scope of various industries, such as automotive, construction, and shipbuilding. Since the demand for high-performance materials is growing and the fact that lighter metals and alloys are needed for many applications, the demand for Welding is also expected to rise, leading to an increase in the share of the respective segment of the market.
The Cutting segment also represents a considerable part of the Industrial Gases Metal Fabrication Market, as cutting metals and separating the latter is becoming increasingly important within the scope of the aerospace, energy, and manufacturing sectors, where various advanced cutting methods, including plasma cutting, laser cutting, and waterjet cutting are being adopted. In its turn, the Brazing process, based on the use of a brazement and having a lower melting point than a metal object to be joined, is applied within the scope of the automotive, electronics, and HVAC industries.
Interest in brazing is particularly affected by automotive applications and by the rising number of non-ferrous metals, which are used in the area. Meanwhile, the Heat Treatment segment is comparably the smallest, with a moderate market share. The Heat Treatment procedure is adopted in the automotive, aerospace, and medical industries for strengthening and improving the performance of various metal objects by means of the modifying physical and mechanical properties of materials, including annealing, quenching, and tempering. Thus, the Industrial Gases Metal Fabrication Market is developing, guided by the increasing demands of the automotive, construction, and manufacturing industries and the adoption of welding and cutting technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Gases Metal Fabrication Market Gas Type Insights
The Industrial Gases Metal Fabrication Market is segmented by gas type into Oxygen, Nitrogen, Acetylene, and Argon. Among these, Oxygen held the largest market share in 2023, accounting for nearly half of the global revenue. The high demand for Oxygen in metal fabrication is primarily attributed to its usage in cutting and welding processes. Nitrogen, the second-largest segment, is mainly used as a shielding gas in welding to prevent oxidation and contamination of the weld pool. Acetylene, with its high flame temperature and versatility, is widely used in welding and cutting applications, particularly in the automotive and construction industries.
Argon, an inert gas, is used in welding and metal fabrication processes to provide a protective atmosphere, preventing oxidation and ensuring weld quality. The increasing adoption of advanced welding techniques, such as laser and plasma cutting, is expected to drive the growth of the Industrial Gases Metal Fabrication Market for all gas types in the coming years.
Industrial Gases Metal Fabrication Market Application Insights
The automotive industry held the largest share of the Industrial Gases Metal Fabrication Market in 2023, and it is expected to maintain its dominance throughout the forecast period. The growth of the automotive industry, particularly in emerging economies, is driving the demand for industrial gases used in metal fabrication processes such as welding, cutting, and heat treatment. The construction industry is another major consumer of industrial gases, as they are used in a variety of applications such as welding, brazing, and soldering. The marine industry also uses a significant amount of industrial gases, primarily for welding and cutting applications.
The aerospace industry is another important consumer of industrial gases, as they are used in the manufacture of aircraft components. The increasing demand for lightweight and durable materials in the aerospace industry is driving the demand for industrial gases used in metal fabrication processes.
Industrial Gases Metal Fabrication Market Equipment Type Insights
The Equipment Type segment of the Industrial Gases Metal Fabrication Market is categorized into Gas Cylinders, Bulk Gas Systems, and Gas Generators. Gas Cylinders held the largest market share in 2023, accounting for around 45% of the Industrial Gases Metal Fabrication Market revenue. This dominance is attributed to their portability, ease of handling, and availability in various sizes. Bulk Gas Systems are expected to witness significant growth over the forecast period due to their cost-effectiveness and ability to supply large volumes of gases.
Gas Generators, which produce gases on-site, are gaining traction as they offer greater flexibility and reduced dependency on external suppliers. The Industrial Gases Metal Fabrication Market is driven by factors such as rising demand for metal fabrication in industries like automotive, construction, and aerospace, increasing adoption of advanced welding techniques, and growing emphasis on safety and efficiency in metal fabrication processes.
Industrial Gases Metal Fabrication Market Grade Insights
The Industrial Gases Metal Fabrication Market segmentation by Grade, which includes Industrial Grade, Medical Grade, and Food Grade, provides valuable insights into the diverse applications of industrial gases in metal fabrication processes. Industrial Grade gases, primarily comprising oxygen, nitrogen, and argon, account for a significant portion of the market due to their extensive use in cutting, welding, and other industrial applications. Medical-grade gases, including oxygen, nitrous oxide, and carbon dioxide, are essential for medical procedures such as anesthesia, respiratory support, and surgical interventions.
Food-grade gases, such as carbon dioxide and nitrogen, play a crucial role in preserving and packaging food products, ensuring their freshness and extending their shelf life. The market growth for these segments is driven by increasing demand from industries such as automotive, aerospace, healthcare, and food processing.
Industrial Gases Metal Fabrication Market Regional Insights
The regional segmentation of the Industrial Gases Metal Fabrication Market offers valuable insights into the market's dynamics and growth potential across different geographical regions.
North America is anticipated to dominate the market during the forecast period with a significant market share, driven by the presence of established metal fabrication industries and increasing demand for industrial gases in sectors such as automotive, aerospace, and construction. Europe is expected to follow closely, with a robust metal fabrication sector and a growing emphasis on sustainable manufacturing practices.
The APAC region is projected to witness significant growth over the forecast period, owing to rapid industrialization and urbanization in countries such as China, India, and South Korea. South America and MEA are also expected to contribute to the Industrial Gases Metal Fabrication Market growth, albeit at a slower pace, as these regions continue to develop their metal fabrication capabilities and infrastructure.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Gases Metal Fabrication Market Key Players And Competitive Insights:
Major players in the Industrial Gases Metal Fabrication Market constantly strive to gain a larger market share by investing in research and development ( R ) and expanding their product offerings, as well as by acquiring new technologies. The key Industrial Gases Metal Fabrication Market players also focus on forming strategic partnerships and alliances. The increasing demand for industrial gases in metal fabrication is driving the Industrial Gases Metal Fabrication Market. The fabrication processes, such as welding, cutting, and heat treatment, require industrial gases. The growing adoption of novel technologies in metal fabrication, such as laser cutting and robotic welding, is also driving the Industrial Gases Metal Fabrication Market.
Linde is among the Industrial Gases Metal Fabrication Market players. Linde's portfolio of industrial gases includes oxygen, nitrogen, argon, and hydrogen. The company has installed its production facilities in more than 100 countries. Linde customers belong to various industries, such as the automotive, aerospace, and manufacturing sectors. Innovation is one of the key factors behind the success of Linde. Linde developed an advanced gas delivery for metal fabricators who require a large amount of industrial gases for fabrication purposes. The technology of the gas delivery ensures the use of all the cylinders. Air Liquide is another Industrial Gases Metal Fabrication Market player. Air Liquide offers a range of products, including industrial gases, equipment, and services. The industrial gas giant is renowned for its focus on customer satisfaction and quality. The worldwide presence and technical expertise of the company allow it to offer customized solutions to its metal fabrication clients.
Key Companies in the Industrial Gases Metal Fabrication Market Include:
Industrial Gases Metal Fabrication Market Industry Developments
The Industrial Gases Metal Fabrication Market is projected to reach USD 24.6 billion by 2032, exhibiting a CAGR of 3.17% during the forecast period. Increasing demand for metal fabrication in various industries such as automotive, aerospace, and construction is driving market growth. The rising adoption of advanced technologies like laser cutting and robotic welding is further propelling the market forward. Key market players are focusing on expanding their global presence and enhancing their product portfolios to meet the evolving needs of customers. Recent developments include Air Liquide's investment in a new hydrogen production facility in Canada and Messer's acquisition of the UK-based industrial gases supplier, BOC. These strategic moves indicate the industry's focus on sustainability and geographic expansion.
Industrial Gases Metal Fabrication Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
18.01(USD Billion) |
| Market Size 2023 |
18.58(USD Billion) |
| Market Size 2032 |
24.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.17% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
National Industrial Gases, Yara, Airgas, Worthington Industries, Iwatani Industrial Gases, Gulf Cryo, Linde, Nippon Gases, China National Chemical Engineering Group, Praxair, Taiyo Nippon Sanso, AGA, Messer Group, Air Liquide, Air Products |
| Segments Covered |
Process, Gas Type, Application, Equipment Type, Grade, Regional |
| Key Market Opportunities |
1.    Advanced welding techniques 2.    Automation and robotics 3.    Growing use in automotive and construction 4.     Increasing demand for precision cutting 5.    Surge in metal fabrication in emerging economies |
| Key Market Dynamics |
1.    Rising demand for lightweight vehicles 2.    Increasing use of metals in construction 3.    Technological advancements in welding and cutting 4.    Growth of the aerospace industry 5.    Increasing environmental concerns |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Industrial Gases Metal Fabrication Market is projected to reach a value of 18.58 billion USD in 2023.
The Industrial Gases Metal Fabrication Market is projected to grow at a CAGR of 3.17% from 2024 to 2032.
North America region is expected to hold the largest market share in the Industrial Gases Metal Fabrication Market during 2024 to 2032.
Key applications of industrial gases in metal fabrication include cutting, welding, heat treatment, and surface treatment.
Key competitors in the Industrial Gases Metal Fabrication Market include Linde, Air Liquide, Air Products, and Messer.
Growth drivers of the Industrial Gases Metal Fabrication Market include increasing demand from the automotive and construction industries.
Challenges faced by the Industrial Gases Metal Fabrication Market include fluctuating raw material prices and intense competition.
Key trends in the Industrial Gases Metal Fabrication Market include the adoption of advanced technologies and the increasing use of automation.
The Industrial Gases Metal Fabrication Market is projected to reach a value of 24.6 billion USD by 2032.
Government regulations impact the Industrial Gases Metal Fabrication Market by imposing safety and environmental standards.
