Welding & Shielding Gas Market was valued at USD 22.1 Billion in 2022 and is projected to reach USD 31.5 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
Looking ahead, from 2023 to 2033, the welding and shielding gas market is expected to experience an even more pronounced growth trajectory, influenced by several key factors. The expansion of renewable energy projects, such as wind and solar, is anticipated to increase the demand for welding and shielding gases due to the need for specialized equipment in the construction of these facilities. Additionally, the growing adoption of electric vehicles (EVs) and the subsequent rise in demand for automotive parts manufacturing will further contribute to the growth of this market. As industries continue to focus on automation and robotic welding systems, the need for high-quality welding and shielding gases will persist, fostering market expansion.
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The welding and shielding gas market has witnessed significant developments from 2018 to 2022, with trends indicating a steady demand for these gases across various industries. The demand has been largely driven by the continuous growth in the automotive, construction, and manufacturing sectors, which require these gases for processes like welding and cutting. Technological advancements, such as the rise of automation in manufacturing, have also played a pivotal role in increasing the demand for welding and shielding gases. These gases ensure a stable and controlled environment during the welding process, improving quality, reducing defects, and enhancing production efficiency. The market during this period has also experienced a shift toward cleaner, more environmentally friendly gases, aligning with the broader global push for sustainability.
Adams Gas
Welders Supply
ARC3 Gases
Oxygen Service Company
General Distributing
Dixons of Westerhope
Central Welding Supply
Indiana Oxygen
ARCO Welding Supply
Agl Welding
WISCO
Keen Compressed Gas
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 Welding & Shielding Gas Market
Metal manufacturing & fabrication
Construction
Aerospace
Other
Based on Types the Market is categorized into Below types that held the largest Welding & Shielding Gas market share In 2023.
Argon
Carbon dioxide
Oxygen
Hydrogen
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 Welding & Shielding Gas 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 Welding & Shielding Gas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welding & Shielding Gas Market, By Type
6. Global Welding & Shielding Gas Market, By Application
7. Global Welding & Shielding Gas Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Welding & Shielding Gas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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