Metal Cutting Gas Market By Application Analysis, Regional Outlook, Competitive Strategies And Forecast, 2031

Allied Market Research has published a comprehensive report titled, "Metal Cutting Gas Market By Gas Type (Acetylene, Propylene, Natural Gas, Propane, Others), By End Use (Automotive, Aerospace, Building and Construction, Metal and Metal Fabrication, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, 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.

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Key Market Drivers:

The rapid expansion of the global population, coupled with accelerating urbanization, has significantly boosted the construction sector, where metal-cutting gases are widely used for welding, cutting, and designing steel materials. This demand surge is a key driver for the metal cutting gas market.

However, challenges such as a lack of technical expertise and the increasing adoption of high-range advanced metal cutting machinery hinder market growth. Despite this, growing demand for metal cutting in industries such as aerospace, automotive, and metal fabrication presents lucrative opportunities for market expansion in the coming years.

Segment Analysis:-

Acetylene Leads in Gas Type Category:

Among various gas types, acetylene held the largest market share in 2021, accounting for nearly 40% of the global market. It is anticipated to maintain its dominance throughout the forecast period with a CAGR of 4.5% from 2022 to 2031. Acetylene is preferred for industrial applications due to its ability to produce the hottest flame among all metal-cutting gases.

Metal and Metal Fabrication Segment Remains Dominant:

By end-use, the metal and metal fabrication segment accounted for the largest share in 2021, comprising nearly one-third of the market. The segment is expected to retain its leading position due to increasing infrastructure projects and the growing preference for prefabricated structures. Meanwhile, the aerospace segment is projected to exhibit the highest CAGR of 4.6% during the forecast period.

Regional Insights:-

Asia-Pacific to Dominate Market by 2031:

The Asia-Pacific region accounted for nearly 50% of the global metal cutting gas market revenue in 2021 and is expected to maintain its dominance through 2031. The region is also forecast to witness the fastest growth, with a CAGR of 4.6%. Increased production capacity by key manufacturers is a major factor driving regional market expansion. For example, Indian Oil Corporation Ltd. launched Indane NANOCUT, an innovative LPG-based cutting gas that enhances efficiency, reduces oxygen consumption, and lowers cylinder inventory, further boosting demand in the Asia-Pacific market.

Key Market Players:

- Total Energies SE

- Hornet Cutting Systems

- Ador Welding Limited

- Bharat Petroleum Corporation Limited

- LEVSTAL

- NISSAN TANAKA CORPORATION

- Indian Oil Corporation Ltd

- Haco

- Brothers Gas

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

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