Metal Cutting Gas Market Advancements Highlighted by Size, Status, Global Outlook 2024 To 2031

The "Metal Cutting Gas Market" report by Allied Market Research forecasts significant growth in the industry. In 2021, the global market generated $2.7 billion, expected to reach $4.0 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 4.2% from 2022 to 2031.

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Key Growth Factors:

Urbanization and population surge drive construction sector growth, boosting metal cutting gas usage for cutting, welding, and designing steel materials.

Despite challenges like lack of technical expertise and adoption of advanced machinery, demand from aerospace, automotive, metal fabrication, and industrial sectors presents growth opportunities.

Covid-19 Impact:

The pandemic initially caused fluctuations in metal cutting gas prices due to lockdowns, negatively affecting potential sales, particularly in automotive and metal cutting industries.

However, recovery efforts in construction, automotive, and manufacturing sectors post-pandemic have supported market growth.

Segment Insights:

Acetylene segment dominated in 2021, accounting for nearly two-fifths of the market share, projected to maintain leadership with a 4.5% CAGR from 2022 to 2031 due to its ability to produce the hottest flame.

Metal and metal fabrication segment held the highest market share in 2021 and is expected to maintain leadership, driven by infrastructure activities and prefabricated structure usage in construction.

Regional Outlook:

- Asia-Pacific led the market in 2021, capturing half of the global market share, and is expected to maintain dominance with a 4.6% CAGR from 2022 to 2031.
- Manufacturers in the region are enhancing production capacities, with innovations like Indane NANOCUT by Indian Oil Corporation Ltd., driving market growth.

Leading Market Players:

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.

Obtain Report Details: https://www.alliedmarketresearch.com/metal-cutting-gas-market-A31807

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.