Metal Cutting Gas Market to See Ongoing Evolution | Hornet Cutting Systems, NISSAN TANAKA CORPORATION

The global metal cutting gas market was valued at $2.7 billion in 2021 and is projected to reach $4.0 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031, as per a report by Allied Market Research.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A31807

Key Growth Drivers:

- Surge in Population & Urbanization: The growing population and rapid urbanization have fueled the expansion of the construction sector globally. Metal cutting gases are essential in this industry for cutting, welding, and shaping steel materials.
- Demand from Aerospace, Automotive, and Metal Fabrication: The increasing demand for processing carbon and low-alloy steel, particularly in aerospace, automotive, and metal fabrication sectors, presents promising opportunities.

Challenges:

- Technical Expertise Gap: The lack of skilled labor and the high cost of advanced metal cutting machinery hinder market growth.

Segment Insights:

Gas Type: Acetylene dominated the market in 2021, holding nearly 40% of the global market share. Acetylene is preferred for its ability to produce the hottest flame, making it a top choice in industrial applications. The segment is expected to grow at the highest CAGR of 4.5% from 2022 to 2031.

End-Use Industry: The metal and metal fabrication segment led the market in 2021, accounting for about one-third of market share. Growth in infrastructure activities and the increasing use of prefabricated structures in construction will continue to drive demand. The aerospace sector is expected to register the highest CAGR of 4.6%.

Regional Outlook:

Asia-Pacific held the largest market share in 2021, accounting for nearly half of the global market revenue. This region is also expected to witness the fastest growth, with a CAGR of 4.6% from 2022 to 2031. The expansion of metal cutting gas production capacities by manufacturers in the region, such as Indian Oil Corporation's launch of Indane NANOCUT, is expected to drive market growth by enhancing LPG efficiency and reducing operational costs.

Market Players:

Prominent companies in the metal cutting gas market include:

- Total Energies SE
- Hornet Cutting Systems
- Ador Welding Limited
- Bharat Petroleum Corporation Limited
- LEVSTAL
- NISSAN TANAKA CORPORATION
- Indian Oil Corporation Ltd.
- Haco
- Brothers Gas

The market is poised for growth due to technological innovations, increasing industrial applications, and the continued development of the Asia-Pacific region.

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

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

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.