Metal Fabrication Industrial Gases Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 30.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
Between 2023 and 2033, the Metal Fabrication Industrial Gases Market is expected to witness substantial growth, driven by the increasing focus on sustainable practices and the expansion of industries such as renewable energy, aerospace, and electronics. The demand for these gases will be influenced by the ongoing transition toward cleaner technologies, particularly in sectors like steel manufacturing, where oxygen and nitrogen are crucial for optimizing combustion processes. The rising use of metal fabrication in the aerospace industry for lighter and stronger materials will further boost the demand for specialized industrial gases.
The market is also poised to benefit from innovations in gas delivery systems and automation. Technologies such as remote-controlled welding systems, gas mixtures for precision cutting, and more efficient storage and transport mechanisms are expected to shape the landscape of the industry. Additionally, there is growing demand for cryogenic gases in the metal fabrication sector, offering enhanced performance and safety in various metal processing methods. Industrial gas suppliers are keen on offering customized solutions to meet the evolving requirements of the manufacturing world, contributing to the future growth of the market.
As we look to 2023-2033, the market for metal fabrication industrial gases is predicted to experience significant growth, especially in regions like Asia-Pacific, North America, and Europe, where industrialization is advancing rapidly. The market is also benefiting from the rising demand for high-quality industrial gases that are essential for the increasingly complex and energy-efficient manufacturing processes being adopted worldwide. With the acceleration of Industry 4.0 and the expansion of automated and precision-focused metalworking, the future of the Metal Fabrication Industrial Gases Market looks robust, with a strong focus on sustainability and technological innovation.
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The global Metal Fabrication Industrial Gases Market experienced a steady demand from 2018 to 2022, driven primarily by growing industrial sectors such as manufacturing, automotive, and construction. These gases, including oxygen, nitrogen, argon, and carbon dioxide, are essential for various metal processing applications, including welding, cutting, and heat treatment. From 2018 to 2022, the market saw consistent growth, with advancements in technology and increased industrialization across emerging economies propelling demand. The shift toward automation and innovation in manufacturing processes has also led to a more sophisticated demand for industrial gases that optimize performance and reduce costs.
Nexair LLC
Praxair
Taiyo Nippon Sanso Corporation
Messer Group GmbH
Southern Industrial Gas SDN BHD
Iwatani Corporation
The Linde Group
Airgas
Air Liquide S.A.
Air Products and Chemicals
Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Fabrication Industrial Gases Market
Metal industry
Automotive
Rail & shipping
Aerospace & defense
Heavy machinery
Others
Based on Types the Market is categorized into Below types that held the largest Metal Fabrication Industrial Gases market share In 2023.
Oxygen
Nitrogen
Hydrogen
Carbon dioxide
Acetylene
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Fabrication Industrial Gases Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Fabrication Industrial Gases Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Fabrication Industrial Gases Market, By Type
6. Global Metal Fabrication Industrial Gases Market, By Application
7. Global Metal Fabrication Industrial Gases Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Fabrication Industrial Gases Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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