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.
The global metal fabrication industrial gases market was valued at approximately USD 12.5 billion in 2022 and is projected to reach around USD 15.8 billion by 2027. This growth represents a Compound Annual Growth Rate (CAGR) of about 5.1% during the forecast period. The expansion is driven by the increasing demand for industrial gases in various applications such as welding, cutting, and metal fabrication processes, which are critical for numerous industries including automotive, aerospace, and construction. The rising trend of automation and advanced manufacturing technologies further fuels the demand for efficient and high-performance gases used in metalworking processes.
Emerging markets present significant opportunities for growth in the metal fabrication industrial gases sector. Countries in the Asia-Pacific region, particularly India and China, are experiencing rapid industrialization and urbanization, creating a high demand for metal fabrication services and consequently, industrial gases. Additionally, the shift towards more sustainable and eco-friendly production methods is driving innovation in gas technologies, leading to the development of new and advanced products. As industries seek to optimize operations and reduce emissions, there is a growing opportunity for market players to expand their offerings and capture a larger share of the evolving market landscape.
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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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