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Comprehensive Industrial Gases- Metals And Metal Fabrication Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Industrial Gases- Metals And Metal Fabrication Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been steady growth in the size of the industrial gases-metals and metal fabrication market. From $54.34 billion in 2024, it is projected to reach $56.82 billion in 2025, progressing at a compound annual growth rate (CAGR) of 4.6%. The historic period's growth is attributable to the rising necessity for industrial gases in metal welding and cutting processes. Additionally, the utilization of industrial gases for heat treatment and surface alteration, advancements in metal recycling, and the expanding use of industrial gases in non-ferrous metal production have also contributed to the market's growth. Moreover, there is an increasing demand for metal fabrication in the automotive industry.
Industrial Gases- Metals And Metal Fabrication Market Size Forecast: What's the Projected Valuation by 2029?
The market size for industrial gases - metals and metal fabrication is projected to witness substantial growth in the upcoming years, reaching a value of $73.47 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. The predicted growth during this period can be linked to an increased demand for specialty gases used in additive manufacturing processes, progression in the automotive sector with the employment of metal fabrication, the embrace of industrial gases in developing economies, the broadening scope of the electronics sector and the adoption of industrial gases in metal 3D printing technologies. The forecast period will also see key trends such as the integration of advanced supervision and control systems, the creation of tailored gas blends, an emphasis on producing gases that are sustainable and environmentally friendly, collaboration between gas suppliers and metal fabrication companies, and the introduction of innovative packaging and delivery methods.
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What Are the Drivers Transforming the Industrial Gases- Metals And Metal Fabrication Market?
The growth of the industrial gases-metals and metal fabrication markets is anticipated to be fueled by the rise in automotive production. The term "automotive industry" encompasses companies and organizations that specialize in the design, manufacture, wholesale, retail, and service of motor vehicles. Industrial gases, with their diverse uses in the manufacturing and processing of metals such as metal heating, welding, shielding, cutting, coating, and others, are crucial to automotive production. To illustrate, in February 2022, the Indian Brand Equity Foundation (IBEF), a government agency in India that promotes exports, reported that passenger vehicle production, including three- and two-wheelers, totaled 1,860,809 units in 2022. Consequently, the surge in automotive production is bolstering the expansion of the industrial gases-metals and metal fabrication markets.
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Which Emerging Trends Are Transforming the Industrial Gases- Metals And Metal Fabrication Market in 2025?
Strategic alliances and cooperative ventures are becoming increasingly prevalent in the industrial gases-metals and metal fabrication sectors. The primary businesses in this market are concentrating on establishing strategic collaborations, like the creation of cutting-edge industrial facilities. For example, Westfalen, a tech firm based in Germany, inaugurated a new industrial gas filling plant in Arzal, situated on the Atlantic coast of Brittany, France, in September 2023. This venture elevates Westfalen's significance in the French market, its biggest international market, and raises the company's production capacity by more than 130,000 cylinders annually. The prime objective of this new plant is to enhance operational efficacy by manufacturing gases nearer to customers, hence decreasing distribution distances and reducing the carbon footprint. This project underlines Westfalen's dedication to addressing the rising demand for industrial gases while emphasizing sustainability in its activities.
Which Segments in the Industrial Gases- Metals And Metal Fabrication Market Offer the Most Profit Potential?
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 Firms Dominate the Industrial Gases- Metals And Metal Fabrication Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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
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