The Welding Gas/Shielding Gas Market size was valued at USD 3.05 Bn in 2022 and is expected to reach USD 4.66 Bn by 2030 With a growing CAGR of 5.43% over the forecast period 2023-2030.
Welding gas, also known as a shielding gas, is a combination of various chemically inert or semi-inert gases. Helium, argon, CO2, H2, and O2 are some of the most regularly utilized welding gases. Welding gas protects the welding area from moisture and other ambient gas mixes, which is important in commercial welding. Various gases in the environment react with the welding material during the welding process, resulting in issues such as poor weld quality, porosity, and other issues. Different welding methods, such as laser welding, oxy-fuel welding, metal arc welding, and others, use welding gases. Welding gas, also known as a shielding gas, is a mixture of inert and semi-inert gases used to protect welds from dangerous gases in the environment. These gases are known as Nobel gases and are colorless, odorless, and chemically inert. Welding is a technique for uniting two or more metals that are similar or not comparable by heating them below their melting point. This method is widely utilized in the construction industry, as well as in a variety of other fields. Many items would not have operated without welding or shielding. However, welding or shielding requires gas, which is critical to its success. With the growing need for welding and shielding, the worldwide welding gas market is quickly expanding.
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MARKET DYNAMICS:
KEY DRIVERS:
Increasing demand for welding processes in the construction sector.
Government initiatives for developing better Infrastructure.
Governments rising interest in investment in mining development.
RESTRAINTS:
Welding gas/shielding gas is explosive.
Making process of these gas is complicated and increases the cost of welding.
OPPORTUNITY:
Continuous efforts of government in infrastructure development.
The rise in the automotive industry and many nations focusing on automotive production.
Rise of people's interest in investing in the construction business
CHALLENGES:
Complicated production process.
Risk of explosion.
IMPACT OF COVID-19:
Many companies and economies throughout the world have been badly impacted by the covid-19 epidemic. Many firms encountered financial difficulties as a result of the virus's lockdown in many nations, and manufacturing activities came to a standstill. Construction and manufacturing were two of the most heavily impacted industries. Construction and industrial production had ceased throughout the world, and the car industry had suffered significant losses as a result of the covid-19 epidemic. The new vehicle's production was halted, and the automobile sector was shut down internationally owing to a manpower shortage and lockout. People were experiencing a financial crisis, therefore they did not invest in automobiles or building activities. The market was severely impacted by all of these reasons. In the year 2021, the market value was $2.90 billion because of the covid-19 pandemic. Following the Covid-19 scenario, the market will witness favorable development. The market's major participants were instrumental in driving up demand.
MARKET ESTIMATION:
The market is divided into four types Argon, Carbon dioxide, Oxygen, Hydrogen, and Others. The Argon category now holds the largest market share and is predicted to expand significantly and continue to dominate the worldwide market over the forecast period. The market is divided into Metal Manufacturing, Construction, Energy, Aerospace, and Others, according to the end-user. In the worldwide market, the Metal Manufacturing component has the biggest market share and is expected to develop rapidly throughout the projected period. The Segment focuses on each application's current position and potential for substantial application value, market share, and growth valuation. Based on the application the market is fragmented into Gas Tungsten Arc Welding, Gas Metal Arc Welding Others (Oxy-Acetylene Welding).
By Type:
Argon
Carbon dioxide
Oxygen
Hydrogen
Others
By Application:
Gas Metal Arc Welding
Gas Tungsten Arc Welding
Others (Oxy-Acetylene Welding)
By End User:
Metal Manufacturing
Construction
Energy
Aerospace
Others
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REGIONAL ANALYSIS:
North America, Europe, Asia Pacific, and the rest of the globe are the regions covered in the Welding gas/shielding gas market. North America has the largest portion of the market and generates the most revenue. The market in this region is being driven by a stable and healthy economy as well as rising building demand. Asia Pacific is increasing at the quickest pace, with the greatest CAGR projected during the projection period. China, Japan, and India are all contributing to the market's expansion. The region's market expansion is being fueled by government measures to improve infrastructure and a growing economy. The European area is likewise seeing substantial market expansion. In this area, the automotive sector is quickly developing, and the rising demand for innovative automobiles will propel the market forward in the future years.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players in these markets are Air Liquide S.A., Air Products, Chemicals, Inc., Gulf Cryo, Iceblick Ltd., Iwatani Corporation, Messer Group, Praxair Inc., Southern Industrial Gas, Taiyo Nippon Sanso Corporation, The Linde Group and Other Players
Air Products-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.05 Billion |
| Market Size by 2030 | US$ 4.66 Billion |
| CAGR | CAGR of 5.43% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Argon, Carbon dioxide, Oxygen, Hydrogen, Others) • by End User (Metal Manufacturing, Construction, Energy, Aerospace, Others) • by Application (Gas Metal Arc Welding, Gas Tungsten Arc Welding, Others (Oxy-Acetylene Welding) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Air Liquide S.A., Air Products and Chemicals, Inc., Gulf Cryo, Iceblick Ltd., Iwatani Corporation, Messer Group, Praxair Inc., Southern Industrial Gas, Taiyo Nippon Sanso Corporation, The Linde Group. |
| Key Drivers | •Increasing demand for welding processes in the construction sector. •Government initiatives for developing better Infrastructure. |
| Restraints | •Welding gas/shielding gas is explosive. •Making process of these gas is complicated and increases the cost of welding. |
Ans: The Welding Gas/Shielding Gas Market is to grow at a CAGR of 5.43% From 2023 to 2030.
Ans: The Welding Gas/Shielding Gas Market size is projected to reach USD 4.66 Bn by 2030.
Ans: - North America has the largest portion of the market and generates the most revenue.
Ans: - The major key players in these markets are Air Liquide S.A., Air Products and Chemicals, Inc., Gulf Cryo, Iceblick Ltd., Iwatani Corporation, Messer Group, Praxair Inc., Southern Industrial Gas, Taiyo Nippon Sanso Corporation, The Linde Group.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Welding Gas/Shielding Gas Market Segmentation, by Type
8.1 Argon
8.2 Carbon dioxide
8.3 Oxygen
8.4 Hydrogen
8.5 Others
9. Welding Gas/Shielding Gas Market Segmentation, by Application
9.1 Organizations
9.2 Manufacturer
9.3 Research Institute
9.4 Education Institute
9.5 Potential Investors
10. Welding Gas/Shielding Gas Market Segmentation, by End-User
10.1 Metal Manufacturing
10.2 Construction
9.3 Energy
10.4 Aerospace
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Air Liquide S.A.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Air Products and Chemicals, Inc.
12.3 Gulf Cryo
12.4 Iceblick Ltd.
12.5 Iwatani Corporation
12.6 Messer Group
12. 7 Praxair Inc.
12.8 Southern Industrial Gas
12.9 Taiyo Nippon Sanso Corporation
12.10 The Linde Group.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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