Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The welding gas/shielding gas market is influenced by a myriad of factors that collectively shape its dynamics. One of the primary drivers is the growth in the construction and manufacturing sectors. As these industries expand, there is an increased demand for welding activities, driving up the need for welding gases. The automotive sector, in particular, plays a significant role, as it relies heavily on welding processes for manufacturing and assembly.
Global economic conditions also exert a substantial impact on the welding gas market. Economic growth or recession directly affects construction projects, manufacturing outputs, and infrastructure development, thereby influencing the demand for welding gases. In times of economic prosperity, construction projects surge, leading to a heightened requirement for welding activities and, consequently, welding gases.
Technological advancements in welding processes also contribute to market fluctuations. The adoption of more advanced and efficient welding techniques often requires specialized shielding gases, creating a demand for new products in the market. Innovations in welding technology not only enhance the quality of welds but also impact the choice of gases used in the welding process, influencing market trends.
Environmental regulations and sustainability initiatives also play a crucial role in shaping the welding gas market. As governments worldwide tighten environmental standards, there is a growing emphasis on using environmentally friendly gases and processes. This shift towards greener solutions drives the development and adoption of eco-friendly shielding gases, creating new opportunities and challenges for market players.
The energy sector, including oil and gas exploration and production, significantly influences the welding gas market. Pipelines, refineries, and offshore platforms extensively rely on welding for construction and maintenance. Fluctuations in oil prices, geopolitical events, and energy policies can impact investments in these sectors, consequently affecting the demand for welding gases.
Raw material prices, especially those of gases such as argon, helium, and carbon dioxide, directly impact the cost structure of welding gases. Market players closely monitor and respond to fluctuations in raw material prices to maintain competitive pricing and profit margins. Additionally, the availability of raw materials can be influenced by geopolitical factors, affecting the overall supply chain of welding gases.
Market competition is another critical factor shaping the welding gas market. The presence of numerous suppliers and manufacturers intensifies competition, leading to innovations, competitive pricing strategies, and the development of diverse product portfolios. Market players strive to differentiate themselves by offering high-quality gases, reliable supply chains, and value-added services to gain a competitive edge in the market.
Regulatory compliance and safety standards also influence the welding gas market. Stringent regulations related to the handling, transportation, and storage of gases impact the operations of market players. Adherence to safety standards is paramount in the welding industry, and companies must invest in compliance measures to meet regulatory requirements, adding an additional layer of complexity to the market dynamics.
In conclusion, the welding gas/shielding gas market is a complex ecosystem shaped by a multitude of factors. From economic conditions and technological advancements to environmental regulations and market competition, each element plays a crucial role in determining the market's trajectory. Companies operating in this space must navigate these dynamic factors strategically to adapt to changing market conditions and capitalize on emerging opportunities.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type and Application Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors Air Products & Chemicals, Inc. (U.S.), Gulf Cryo (Bahrain), The Linde Group (Germany), Iwatani Corporation (Japan), Praxair, Inc. (U.S.), Iceblick Ltd. (Ukraine), Taiyo Nippon Sanso Corporation (Japan), SIG Gases Berhad (Malaysia), Air Liquide SA (France) and Messer Group GmbH (Germany) Key Market Opportunities New product launches and R&D amongst major key players Key Market Drivers· Increased demand for welding process such as tungsten metal arc welding, shielded arc welding, and metal gas arc welding · Growing constructional development in both residential and commercial sectors · Rising construction & mining activities |
Welding shielding gas Market Highlights:
Welding Gas/Shielding Gas Market Overview:
Welding Gas/Shielding Gas Market is projected to grow from USD 3,063.8 Million in 2024 to USD 5,987.6 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.74% during the forecast period (2024 - 2032). Global Welding Gas/Shielding Gas Industry Size was valued at USD 2,807.6 Million in 2023.
Welding gas/shielding gas is a very crucial part of numerous Industries that include building and construction, metal, manufacturing, aerospace, and automotive. Expansion of all these industries has created a huge demand for the market over the past years. Growing residential and commercial activities and countries' Infrastructure expected to boost the Welding Gas/Shielding Gas Market growth in the forecast period. In many regions, the automotive industry is growing rapidly. The automotive industry needs a Welding/shielding process to make vehicles, so the need for Welding/shielding in the automotive industry fueling the growth of the Welding gas/shielding gas industry size.
June 2024: Messer Group completed the acquisition of a regional gases distributor, enhancing its capabilities in providing welding gases and services across Europe.
September 2024: Iwatani Corporation launched a new line of high-performance shielding gases designed to improve the quality of welds and reduce operational costs in the manufacturing sector.
Market Covid-19 analysis
The covid-19 pandemic has severely affected many businesses and the economy around the world. As lockdown was imposed in many countries to control the virus, many organizations faced a financial crisis, and production work was on a halt. One of the major affected sectors was construction and manufacturing. The construction and manufacturing work worldwide had stopped like that the automotive sector also faced severe loss due to the covid-19 pandemic. Production of the new vehicle was on a halt, and due to the labor shortage and lockdown, the automotive industry was shut down globally. People were going through a financial crisis, so they didn't invest any money in buying vehicles or construction work. Due to all these factors, the market was affected badly. Amid the covid-19 pandemic, the market value was $2.6 billion in the year 2020. The market will see positive growth after the covid-19 situation. The market key players played a huge role in the growth of market demand.
Welding Gas/Shielding Gas Market Dynamics
Many factors drive the demand of the Welding gas/shielding gas market, and those factors are called market drivers. But the presence of some factors can restraint the market growth, and those factors are called Welding gas/shielding gas market restraints.
Welding Gas/Shielding Gas Market drivers
One of the major drivers in the Welding gas/shielding gas market is the increasing demand for welding processes such as shielded arc welding, metal has arc welding, tungsten metal arc welding, and it is fueled by the construction sectors. The growing need for bigger buildings in big cities will drive the growth of welding gas market trends. The increasing demand for construction and manufacturing work in smart cities and government initiatives to make better Infrastructure will boost the welding has market size. Apart from the construction and manufacturing sectors, the need for Welding gas/shielding gas will drive the shielding gas market size. The automotive industry is growing rapidly, and there are many countries focusing on automotive production, and it will drive the welding gas market share in the coming years. The government is highly investing in mining activities, and it is expected to boost the market in the forecast period.
Welding Gas/Shielding Gas Market opportunities
With the increasing demand for manufacturing and construction work, new opportunities are arising for the market. The government is starting new projects to develop its Infrastructure. As a result, the market is getting new opportunities. Without welding or shielding, the automotive industry won't function, so with the Increasing demand for the automotive sector, the market is on the rise. Many people are investing money in building residential apartments, and with the increasing number of residential properties, the Welding Gas/Shielding Gas market is seeing new opportunities.
Welding Gas/Shielding Gas Market restraints
There is a certain factor that is blocking the growth of the Welding gas/shielding gas market. The welding gas/shielding gas mix, such as oxygen mixture with flammable has is explosive in nature, and its usage is restricted according to the OSHA rules. And it has become a major restraint in the Welding Gas/Shielding Gas market. Apart from this, the making of these gases requires much complex procedure, and it can increase the overall welding cost, and it is a major restraint for the market.
Welding Gas/Shielding Gas Market challenges
The Welding gas/shielding gas market is facing many challenges, just like other markets. The production of these gases requires a complicated process and the guidance of professionals. These gases should be taken care of properly. Otherwise, they can cause a major explosion, so the lack of skilled professionals to complete the process has become a major challenge for the market.
Cumulative growth analysis
The need for Welding gas/shielding gas is growing rapidly with the Increasing demand for the Welding/shielding process in many Industries. The market will rise rapidly in the future due to rising construction work, government initiatives, and the growing automotive sector. The market is expected to grow at a rate of 5% CAGR in the forecast period. The welding gas/shielding gas industry was valued at 2.02. billion in 2015. According to the market analysis, the market is expected to reach $3.5 billion by the year 2027, with a CAGR rate of 4.3%.
Welding Gas/Shielding Gas Market Segmentation
The welding gas/shielding gas Industry is divided on the basis of type, end-user, application, storage, and region.
- By type- By type, the market is divided on the basis of argon, carbon dioxide, oxygen, hydrogen, and others. Carbon dioxide is a commonly used welding gas that is used in many applications, and it is one of the purest gas and stable gas. As the purest form, the carbon dioxide gives great penetration that helps to thickens the material.
- By end-user- By end-user type, the market is divided on the basis of construction, energy, aerospace, energy, metal manufacturing, and fabrication. Among these, it is largely used in the construction and manufacturing sectors.
- By application- By application, the market is further divided on the basis of gas metal arc welding, gas tungsten arc welding, and others.
- By storage- Storage segment of the market further carried out into cylinder & packaged gas Distribution and merchant liquid/ bulk distribution.
- By region- By region, the market includes regions such as North America, Europe, Asia Pacific, and the rest of the world.
Welding Gas/Shielding Gas Market Regional analysis
The regions covered in the Welding gas/shielding gas market are North America, Europe, Asia Pacific, and the rest of the world. North America has the highest share in the market, and it is generating the highest market revenue. A stable and strong economy and increasing demand for the construction sector are driving the market in this region. The Asia Pacific is growing at the fastest rate, and it is expected to register the highest CAGR rate in the forecast period. The countries such as China, Japan, and India contributing to the market growth. Government initiatives to make better Infrastructure and the rising economy are fueling the market growth in the region. The European region is also showing a rapid growth in the market, and it will grow more in the forecast period. The automotive industry is expanding rapidly in this region, and Increasing demand for advanced vehicles will drive the market in the coming years.
Welding gas/shielding gas is inert or semi-inert gases that are used to protect the weld from harmful gases in the atmosphere. These gas are known and Nobel gas and these are colorless, odorless, and chemically non-reactive. Welding is a method of joining two or more similar metals or not similar metals together by heating them at below melting point. This process is highly used in the construction sectors as well as in so many sectors. Without welding or shielding, so many things wouldn't have worked. But welding or shielding needs gas that is very important to make it work. With the Increasing need for welding/shielding, the global Welding gas market size is always increasing rapidly.
Welding gas/shielding gas is used in numerous Welding/shielding processes commercially, and these gases protect from water vapor, moisture too. Without the gas, the Welding/shielding won't last long, and it would react with the atmosphere to create many problems such as small holes, excessive spatter. Apart from this, Welding gas/shielding gas gives stability to the welding arc. There are many gases in the Welding gas/shielding gas market, such as hydrogen, acetylene, carbon dioxide, helium, oxygen, and others. In the purest form of carbon dioxide as welding gas, it provides deep penetration that can make help to make thick welding materials.
Welding Gas/Shielding Gas Market Competitive landscape
The major key player in the Welding gas/shielding gas market are,
- Air Products & Chemicals, Inc. (U.S.)
- The Linde Group (Germany)
- Messer Group GmbH (Germany)
- Iwatani Corporation (Japan)
- Praxair, Inc. (U.S.)
- Iceblick Ltd. (Ukraine)
- Gulf Cryo (Bahrain)
- Taiyo Nippon Sanso Corporation (Japan)
- SIG Gases Berhad (Malaysia)
- Air Liquide SA (France)
Recent developments
March 2020 - Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
