Shielding Gases Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 1.8 Billion by 2033, growing at a CAGR of 5% from 2026 to 2033.
The Shielding Gases Market was valued at approximately USD 7.5 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2030. This growth is primarily driven by the increasing demand from industries such as automotive, manufacturing, and construction, where welding processes require reliable shielding gases for efficient and precise operations. The market’s expansion is also supported by technological advancements in welding and cutting technologies. The demand for shielding gases is expected to rise in line with the growth of industrial manufacturing and infrastructure development globally.
Regionally, the North American market accounted for the largest share in 2022, with a market size of approximately USD 2.2 billion, driven by robust industrial activities and technological innovation in welding. The European market followed, valued at USD 1.9 billion, supported by the strong automotive and aerospace sectors. Asia Pacific is projected to witness the highest growth, with a CAGR of 7.2%, due to rapid industrialization in countries such as China and India. Emerging markets, particularly in Latin America and the Middle East, also present significant opportunities for growth in shielding gases, driven by infrastructure projects and increasing manufacturing capabilities.
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Linde Industrial Gases
Incln Electric
Taiyo Nippon Sanso
Praxair
Matheson
Air Products & Chemicals
Messer Group
Universal Industrial Gases
Novomer
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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. 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 Shielding Gases Market
Argon
Carbon Dioxide
Helium
Neon
Hydrogen
Mixed Gases
Welding
Metal Fabrication
Automotive
Aerospace
Electronics Manufacturing
Construction
Manufacturing
Construction
Automotive
Electronics
Marine
Aerospace
Cylinders
Bulk Supply
On-Site Production
Specialty Gases
Portable Containers
Standard Purity (Less than 99.5% purity)
High Purity (99.5% to 99.99% purity)
Ultra High Purity (Greater than 99.99% purity)
US (United States, US 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 Shielding 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 Shielding Gases Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Shielding Gases Market, By Type
6. Global Shielding Gases Market, By Application
7. Global Shielding Gases Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Shielding Gases Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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