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Comprehensive Industrial Gases- Metals And Metal Fabrication Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
What industry-specific factors are fueling the growth of the industrial gases- metals and metal fabrication market?The growth of the industrial gases-metals and metal fabrication markets is anticipated to be boosted by the surge in automotive production. The automotive industry encompasses businesses and organizations dedicated to the design, manufacturing, wholesale, retail, and maintenance of motor vehicles. Industrial gases play a critical role in the automotive manufacturing process, being used in various applications such as metal heating, welding, shielding, cutting, coating, among others. For example, the IBEF (Indian Brand Equity Foundation), a government export promotion agency based in India, reported in February 2022 that the cumulative passenger vehicle production achieved 1,860,809 units, inclusive of 3-wheelers and two-wheelers, in the year 2022. Consequently, the rise in automotive production is fueling the expansion of the industrial gases-metals and metal fabrication markets.
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What Is the projected market size and growth rate for the industrial gases- metals and metal fabrication market?
The market size for industrial gases in metals and metal fabrication has witnessed robust growth in the past few years. There is an expected increase in the market value from $54.34 billion in 2024 to $57.61 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The historical growth can be ascribed to the rising demand for industrial gases in metal welding and cutting processes, the use of industrial gases for heat treatment and surface alteration, advancements in metal recycling, increased usage of industrial gases in the production of non-ferrous metals, and a surge in demand for metal fabrication in the automotive industry.
The market size of the industrial gases- metals and metal fabrication sector is forecasted to experience robust growth in the coming years, reaching $76.27 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. Various factors contribute to this predicted growth, including an increased need for specialty gases in additive manufacturing, expansion in the automotive industry, heightened usage of industrial gases in developing economies, growth in the electronics realm, and the use of industrial gases in metal 3D printing technologies. The forecast period also sees emerging trends including the incorporation of high-tech monitoring and control systems, creation of bespoke gas mixtures, a focus on sustainable and environmentally-friendly gas production techniques, partnerships between gas providers and metal fabrication businesses, and innovative approaches to packaging and delivery.
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What new trends are reshaping the industrial gases- metals and metal fabrication market and its opportunities?
The rising trend in the industrial gases-metals and metal fabrication markets is primarily the emergence of partnerships and collaborations. Corporates reigning in the market are gravitating towards strategic alliances, such as creating new advanced industrial plants. To illustrate, Westfalen, a front-runner technology enterprise based in Germany, reported the establishment of a new industrial gases filling plant in Arzal, a region situated on the Atlantic coast of Brittany, France, as per the September 2023 report. The establishment not only broadens Westfalen's footprint in France, their key overseas market but also boosts their capacity by a sizable 130,000 cylinders annually. The plant's objective is to bolster operational efficacy by bringing the gases production closer to the customers, which will in turn truncate logistics distances and aid in reducing the carbon footprint. Westfalen's devotion to meet the surging demand for industrial gases while advocating for sustainability in its processes is evident through this investment.
What major market segments define the scope and growth of the industrial gases- metals and metal fabrication market?
The industrial gases- metals and metal fabrication market covered in this report is segmented -
1) By Type: Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Other Types
2) By Function: Primary Metal Production, Metal Fabrication
3) By Transportation Mode: Cylinder And Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution
Subsegments:
1) By Oxygen: Medical Oxygen, Industrial Oxygen
2) By Nitrogen: Liquid Nitrogen, Gaseous Nitrogen
3) By Hydrogen: Industrial Hydrogen, High-Purity Hydrogen
4) By Carbon Dioxide: Liquid Carbon Dioxide, Gaseous Carbon Dioxide
5) By Acetylene: Pure Acetylene, Acetylene in Gas Mixtures
6) By Other Types: Argon, Helium, Neon, Other Specialty Gases
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Which region dominates 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. 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
Which key market leaders are driving the industrial gases- metals and metal fabrication industry growth?
Major companies operating in the industrial gases- metals and metal fabrication market include 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.
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What Is Covered In The Industrial Gases- Metals And Metal Fabrication Global Market Report?
•Market Size Forecast: Examine the industrial gases- metals and metal fabrication market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial gases- metals and metal fabrication market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial gases- metals and metal fabrication market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial gases- metals and metal fabrication market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial gases- metals and metal fabrication market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial gases- metals and metal fabrication market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial gases- metals and metal fabrication market.
•Competitive Landscape: Review strategic developments in the industrial gases- metals and metal fabrication market, including expansions, agreements, and new product launches.
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