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Striking Growth in Industrial Gases-Metals and Metal Fabrication Market: Projections, Key Players, and Emerging Trends
Striking Growth in Industrial Gases-Metals and Metal Fabrication Market
What Is The Projected Market Size Of The Global Industrial Gases- Metals And Metal Fabrication Market And Its Growth Rate?
• The industrial gases- metals and metal fabrication market was valued at $54.34 billion in 2024 and is projected to grow to $57.61 billion in 2025 at a CAGR of 6%.
• Strong growth is projected in the coming years, with the market expected to reach $76.27 billion in 2029 at a CAGR of 7.3%.
• The growth can be attributed to the growing demand for industrial gases in various sectors like metal welding and cutting processes, and increasing use in non-ferrous metal production and the automotive industry.
What Is Driving The Growth In The Industrial Gases- Metals And Metal Fabrication Market?
The surge in automotive production is a key growth driver for the industrial gases- metals and metal fabrication markets. The automotive industry, which includes firms engaged in designing, producing, wholesaling, retailing, and maintaining motor vehicles, heavily utilizes industrial gases for various metal manufacturing and processing applications like heating, welding, shielding, cutting, and coating. Significant production numbers from the automotive industry, such as the production of 1,860,809 units of passenger vehicles in 2022 alone, according to IBEF, is propelling the growth of the industrial gases- metals and metal fabrication markets.
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Who Are the Key Players Driving Industrial Gases- Metals And Metal Fabrication Market Growth?
• Praxair Inc.
• Cryotec Anlagenbau GmbH
• Air Products and Chemicals Inc.
• Iwatani Corporation
• The Messer Group GmbH
• Linde plc
• Southern Industrial Gas Sdn Bhd
• Nippon Sanso Holdings Corporation
• Singhal Gas Products
• Yingde Gases Group Company Limited
• Matheson Tri-Gas Inc.
• Gulf Cryo
• Welsco Inc.
• Ellenbarrie Industrial Gases Ltd.
• Sicgil India Limited
• Axcel Gases
• AGP Gas
• EuroWeld Group
• National Welding Supply Co.
• Nexair LLC
• Messer Canada Inc.
• Oxygen Service Company
• HyCO
• Universal Industrial Gases Inc.
• AGL Industrial Supply Inc.
• Praxair Canada Inc.
• Calgaz
• Cryoplant LLC
• CryoSource
• Cryo-Flo Industries Ltd.
What Are The Key Trends In The Industrial Gases- Metals And Metal Fabrication Market?
• Integration of advanced monitoring and control systems
• Development of customized gas blends
• Emphasis on sustainable and eco-friendly gas production methods
• Collaboration between gas suppliers and metal fabrication companies
• Innovative packaging and delivery methods
What Are The Segments Of The Global Industrial Gases- Metals And Metal Fabrication Market?
• By Type: Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Other Types
• By Function: Primary Metal Production, Metal Fabrication
• By Transportation Mode: Cylinder And Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution
Which Region Leads The Industrial Gases- Metals And Metal Fabrication Market?
Asia-Pacific was the largest region in the industrial gases-metals and metal fabrication market in 2024, covering countries including India, China, Japan, and others. The regions covered in the industrial gases- metals and metal fabrication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Industrial Gases- Metals And Metal Fabrication Market Global Market Report?
Market Size Analysis: Analyze the Industrial Gases- Metals And Metal Fabrication Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Industrial Gases- Metals And Metal Fabrication Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Industrial Gases- Metals And Metal Fabrication Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Industrial Gases- Metals And Metal Fabrication Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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