Press release
Welding Gas/Shielding Gas Market Size Projected To Reach $4.85 Billion By 2034 With A Cagr Of 9%
Welding Gas/Shielding Gas
What Is the Projected Growth of the Welding Gas/Shielding Gas Market?
The market size for welding gas or shielding gas has seen significant expansion in past years, escalating from $3.17 billion in 2024 to an expected $3.43 billion in 2025. This increase depicts a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this historical period of growth include industrial development, infrastructure expansion, manufacturing globalization, and the automotive industry.
The market for welding gas and shielding gas is projected to experience significant expansion in the upcoming years, ascending to a value of $4.85 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. This anticipated growth during the forecast period can be attributed to factors such as the surge in construction activities, economic development in up-and-coming markets, strict regulatory norms, and an increase in renewable energy initiatives. Key trends within this period include advancements in welding technology, a shift towards specialty gases, an increase in automation, a rising demand for laser welding gases, the digitization of welding, strategic collaborations and mergers, and bespoke gas mixtures.
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What Are the Different Welding Gas/Shielding Gas Market Segments?
The welding gas/shielding gas market covered in this report is segmented -
1) By Type: Argon, Carbon Dioxide, Oxygen, Hydrogen, Other Types
2) By Storage, Transportation and Distribution Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid And Bulk Distribution
3) By Application: Gas Metal Arc Welding, Gas Tungsten Arc Welding, Other Application
4) By End User Industry: Metal Manufacturing And Fabrication, Construction, Energy, Aerospace, Other End-User Industry
Subsegments:
1) By Argon: Pure Argon, Argon-CO2 Mixtures
2) By Carbon Dioxide: Pure Carbon Dioxide, CO2 Mixtures For Welding
3) By Oxygen: Pure Oxygen, Oxygen-Acetylene Mixtures
4) By Hydrogen: Pure Hydrogen, Hydrogen-Oxygen Mixtures
5) By Other Types: Helium, Nitrogen, Specialty Gas Mixtures
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What Are the Primary Drivers Shaping the Welding Gas/Shielding Gas Market?
The expanding metal manufacturing and metal fabrication sectors are anticipated to boost the welding or shielding gas market. The terms 'metal manufacturing' and 'metal fabrication' pertain to the production of metal sheets and castings through smelting, casting, and mining of metal. These gases are instrumental in the production and fabrication of metal goods, assisting in joining two sections of metal sheets due to characteristics such as resilience, toughness, and anti-corrosive properties. For instance, the European Steel Association AISBL (EUROFER), situated in Belgium, reported in 2023 that the European steel industry generates about €130 billion in revenue annually and produces an average of 152 million tonnes of steel. Furthermore, over 500 steel production facilities exist across 22 EU Member States. Thus, the surge in metal manufacturing and fabrication industries is fueling the welding or shielding gas market.
Which Companies Are Leading in the Welding Gas/Shielding Gas Market?
Major companies operating in the welding gas/shielding gas market include Air Products and Chemicals Inc., Gulf Cryo, Linde PLC, Iwatani Corporation, Praxair Inc., Nippon Sanso Holdings Corporation, Southern Industrial Gas Sdn Bhd, The Messer Group GmbH, American Welding Gas Inc., Ellenbarrie Industrial Gases Ltd., Lincoln Electric Holdings Inc., Elektriska Svetsnings-Aktiebolaget, Fronius International GmbH, Gas Innovations, Sterling Gases Limited, SIG Gases Berhad, Iceblick Ltd., Messer Canada Inc., WestAir Gases & Equipment, Norco Inc., Weldstar Company, Arc3 Gases, Holston Gases Inc., Roberts Oxygen Inc., NexAir LLC, Indiana Oxygen Company Inc., Haun Welding Supply Inc., Welders Supply Company, Welding Industrial Supply Company, Sidney Lee Welding Supply Inc.
What Are the Major Trends Shaping the Welding Gas/Shielding Gas Market?
The increase of technological innovations is a prominent trend being observed in the welding gas and shielding gas market. The leading businesses active in this market are focusing their resources on developing groundbreaking technologies to make welding processes more efficient and secure. To illustrate, Air Liquide S. A., a French tech company supplying industrial gases and services to various industries, introduced Qlixbi. This state-of-the-art packaged gas, fortified with digital technology, provides distinct features such as ongoing supply and expedited usage of gas in welding activities, supplemented by an array of novel cylinders and digital solutions. The digital features of Qlixbi provide valuable feedback to enhance welding operation productivity and boost performance efficiency.
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What Are the Top Revenue-Generating Geographies in the Welding Gas/Shielding Gas Market?
North America was the largest region in the welding gas/shielding gas market in 2024. The regions covered in the welding gas/shielding gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Welding Gas/Shielding Gas Market?
2. What is the CAGR expected in the Welding Gas/Shielding Gas Market?
3. What Are the Key Innovations Transforming the Welding Gas/Shielding Gas Industry?
4. Which Region Is Leading the Welding Gas/Shielding Gas Market?
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