Metal Cutting Gas Market Unveiling the Glow, The Global Market's Latest Trend Dynamics

Allied Market Research has released a report on the metal cutting gas market, providing insights into the current and future market landscape. The market generated $2.7 billion in 2021, with a forecasted increase to $4.0 billion by 2031, a 4.2% Compound Annual Growth Rate (CAGR) over the period 2022 to 2031.

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Drivers of Growth:

The report identifies several key drivers contributing to the growth of the metal cutting gas market:

The expansion of the construction sector, driven by population growth and urbanization, which creates a demand for metal-cutting gases for activities like cutting, welding, and designing steel materials.
An increase in demand for carbon and low-alloy processing from sectors such as aerospace, automotive, metal fabrication, and industry, presenting new opportunities.
The surge in sales for automotive and metal cutting industries in the post-COVID-19 era, indicating a recovery.

Covid-19 Impact:

The pandemic caused a negative impact on the metal cutting gas market, particularly due to lockdowns causing fluctuations in product prices. Decreased potential sales in industries such as automotive and metal cutting also affected the market negatively. However, the market has shown resilience, with a post-pandemic recovery fueled by demand from construction, automotive, and manufacturing sectors.

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Market Segmentation:

The market is segmented by gas type, with acetylene holding the highest market share in 2021 and maintaining its leadership position throughout the forecast period. This segment is expected to grow at a CAGR of 4.5% from 2022 to 2031.

In terms of end-use, the metal and metal fabrication segment held the highest market share in 2021 and is projected to maintain this position. However, the aerospace segment is expected to have the highest CAGR of 4.6% from 2022 to 2031.

Regional Analysis:

Asia-Pacific dominated the market in 2021 and is expected to continue doing so through 2031. The region is expected to have the fastest CAGR from 2022 to 2031, at 4.6%, due to increased production capacities for metal cutting gases. For example, Indian Oil Corporation Ltd. has introduced an innovative product called Indane NANOCUT to enhance the efficiency of LPG as a cutting gas.

Key Market Players:

Key players in the market include Total Energies SE, Hornet Cutting Systems, Ador Welding Limited, Bharat Petroleum Corporation Limited, LEVSTAL, NISSAN TANAKA CORPORATION, Indian Oil Corporation Ltd, Haco, and Brothers gas.

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