USD 23.75 Billion
Welding Gas Market Size, Share, Growth Analysis, By Product(Equipment and Consumables), By Application(Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding), By Welding(Arc, Resistance, Oxy-acetylene Gas, Solid State), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10A2034 |
Region:
Global |
Published Date: April, 2024
Pages:
178
|Tables:
93
|Figures:
70
Welding Gas Market Insights
Welding Gas Market size was valued at USD 24.73 Billion in 2023 and is poised to grow from USD 25.89 Billion in 2024 to USD 37.6 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
The global welding gas market is experiencing a consistent boom, pushed by the expansion of the development, automobile, and manufacturing industries worldwide. Welding gases, including shielding gases and fuel gases, play a vital function in diverse welding techniques via imparting the vital heat and protection to make certain high-quality welds. As infrastructure improvement and industrial production continue to grow, there is an increasing call for welding gases for packages which includes metallic fabrication, production, automobile production, and repair and preservation offerings. Additionally, technological improvements in welding equipment and tactics are leading to the adoption of specialized welding gases that offer improved performance and efficiency. However, the market additionally faces challenges including fluctuating uncooked material expenses, stringent regulatory requirements, and competition from opportunity welding technologies. Despite these demanding situations, the growing call for from key cease-consumer industries, ongoing infrastructure improvement projects, and advancements in welding technologies are predicted to force marketplace increase within the coming years.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Consumables
Fastest Growth
Equipment
Growth Rate
4.7% CAGR
Global Welding Gas Market ($ Bn)
Country Share for North America Region (%)
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Welding Gas Market Segmental Analysis
Based on product type, the market is segmented into equipment and consumables. By application, the market is further categorized into automotive, building & construction, heavy engineering, railway & shipbuilding, oil & gas, and others. By welding type, the market is divided into arc, resistance, oxy-acetylene gas, solid state, and others. Based on region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Product
The consumables phase holds a dominant position on this market in terms of revenue because of excessive call for custom designed solutions for joining diverse and non-steel substances, upward push in metallic intake, and others. Moreover, this enterprise emphasizes adopting simple and cost-effective solutions to shield the workpiece from outside surroundings. In this kind of situation, consumables are gaining impetus because the uncooked fabric utilized for production comprises copper, rutile, and aluminum, which possess high tensile electricity and antioxidants. The consumables segment is similarly sub-segmented into stick electrodes, stable wires, flux-cored wires, and noticed wires.
The equipment segment is the fastest growing in the market. Under the equipment phase, the welder's segment is expected to preserve the best market share. It will showcase the best CAGR over the forecast duration because of the growing call for pushed through growing industrialization, infrastructure improvement, and technological advancements. Welding jigs and furnishings also maintain substantial market proportion and remarkable CAGR as the demand for jigs and furnishings is intently related to the call for these machines; increasing want for customization, first-class manage, efficiency, and productiveness is similarly supporting in increasing the demand. Auxiliary devices, along with tables and weld wire, are essential joining operations; thus, they have a decent marketplace percentage and CAGR over the forecast length.
Analysis by Welding
The Arc segment is dominating the market. The arc phase is predicted to show significant growth within the coming years because of the growing adoption of fusion tactics and the utilization of High-Strength Low-Alloy (HSLA) throughout numerous industries. It is a versatile and cost-powerful procedure. Additionally, MIG/GMAW is typically utilized in numerous industries, such as automotive, construction, and manufacturing. Owing to the traits of MIG kind, inclusive of speed, welding fine, and versatility, it constitutes the very best marketplace proportion and CAGR. TIG/GTAW also holds a giant marketplace percentage as it can be used to weld diverse metals and alloys, including aluminum, steel, nickel alloys, chrome steel, brass, copper, and even gold.
Resistance soldering is predicted to grow reasonably in the coming years. Compared to other joining methods, the low-cost methods, high reliability, efficiency, accessibility, and the capability for robot automation make it ideal for automobile manufacturing. Among the resistance, the seam type holds the very best market share in addition to CAGR over the forecast duration owing to its traits consisting of minimal environmental harm, velocity, ease of operation, and huge adoption in extraordinary industries.
Global Welding Gas Market By Product (%)
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Welding Gas Market Regional Insights
North America is the dominating region in the global welding gas market. Strong construction and automotive industries in North America, coupled with infrastructure and technological advances are driving demand for welding gas The region’s strong industrial base, regulatory framework for well established, and focus on quality and safety standards contribute significantly to market growth. North America and Europe are expected to grow gradually in the coming years owing to the leading manufacturers operating in this sector. Furthermore, the obvious efforts of these companies on technological advancement, focus on after-market services, and heavy investments in research and development activities contribute to the growth of the market.
In Asia Pacific, rapid industrialization, urbanization and industrialization in countries such as China, India and Southeast Asia increases the demand for welding air Automotive, manufacturing and manufacturing in this region growing trends are driving the adoption of welding air. The Pacifics are important regions for the growth and development of the global welding gas market. The market is expected to exhibit high growth for welding materials market due to rapid expansion in automobile industry due to high production of automobiles in Asia-Pacific Furthermore, new gas plants and pipelines are being constructed through investments has entered the oil and gas industry due to increasing. This is expected to create demand for the welding industry in India.
Global Welding Gas Market By Geography
- Largest
- Fastest
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Welding Gas Market Dynamics
Drivers
Growing Demand from Key End-User Industries
- The growing demand for welding gases from key end-consumer industries, together with creation, automotive, and manufacturing, is a major driver for the global welding gas market. As those industries keep amplifying and evolving, there may be an increasing want for welding gases for diverse packages which include steel fabrication, assembly, repair, and maintenance. Infrastructure improvement initiatives, car manufacturing, and industrial growth are using the call for welding gases, assisting market increase.
Technological Advancements in Welding Processes
- Technological advancements in welding techniques and systems are driving the adoption of specialized welding gases and supporting marketplace increase. Innovations in welding technologies, together with robotic welding systems, laser welding, and superior TIG/MIG welding strategies, are growing call for specialized welding gases that provide stepped forward performance, performance, and high-quality weld welding. Manufacturers are investing in research and development to expand innovative welding gases that cater to the evolving wishes of the industry.
Restraints
Fluctuating Raw Material Prices
- Fluctuating prices of raw materials, which includes herbal gas, oxygen, and other gases used in the manufacturing of welding gases, pose a big restraint for the global welding gas market. Price volatility can affect production fees and income margins for producers, making it tough to hold competitive pricing and profitability.
Stringent Regulatory Requirements
- Stringent regulatory necessities related to safety, first-rate, and environmental standards pose any other venture for the global welding gas market. Compliance with global standards and regulations, such as the ones set by way of the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA), may be complicated and steeply priced for producers. Failure to conform with those regulations can bring about consequences, product recalls, and harm to emblem reputation, growing demanding situations for marketplace gamers.
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Welding Gas Market Competitive Landscape
Air Liquide and Lincoln Electric have collaborated in research and development programs to develop innovations in new welding gas production, delivery systems and application techniques. The partnership facilitated technology sharing, knowledge exchange and joint innovation, enabling both companies to introduce new products, improve existing supply chains and stay at the forefront of welding gas technology. Some of the major players operating in the welding gas/shielding gas market report are Air Liquide, Iwatani Corporation, Praxair Technology, Inc.
Top Player’s Company Profiles
- Colfax Corporation
- Veostalpine AG
- The Lincoln Electric Company
- Illinois Tool Works, Inc.
- Hyundai Welding Co., Ltd.
- Obara Corporation
- Kiswel, Inc.
- Sandvik AB
- Tianjin Bridge Welding Materials Co., Ltd.
- Kemppi Oy
- Mitco Weld Products Pvt. Ltd.
- Senor Metals Pvt. Ltd.
- Metrode Products Ltd.
- Ador Welding Limited
Recent Developments
- February 2023 – TriMas made a settlement to acquire the internet running assets of Weldmac Manufacturing, a producer of steel fabricated assemblies and additives for aerospace and protection.
- November 2022 – Manufacturing Technology, Inc. Received Friction Welding Technologies Pvt. Ltd. (FWT), a direct force friction welding enterprise. It was the result of their strategic partnership in 2017. Through the purchase, MTI goals to growth its product services in North America and Europe.
- January 2022 – Fronius International GmbH brought an shrewd, excessive-cease series of Option CycleTIG named “iWave,” which offers excessive high-quality, flexible and perfect weld outcomes for all weldable substances. This multiprocess machine gives customized answers as in keeping with the necessities.
Welding Gas Key Market Trends
- Rise in the Adoption of High Purity Air for Improved Welding Processes One of the major factors shaping the global welding gas market is the increasing adoption of high purity gases for advanced welding processes such as TIG (Tungsten Inert Gas) welding and laser welding. High purity gases, such as argon and helium, better weld properties, improved workability, less porosity compared to standard grade gases. As industries strive to increase productivity, reduce defects and meet stringent quality standards, high-purity welding air is increasingly in demand Manufacturers are focusing on developing and providing high-quality, high-purity welding air to cater to end-users in a variety of industries.
Welding Gas Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global welding gas market is experiencing steady growth, driven by increasing demand from key end-users, technological advancements in welding processes and adoption of high purity gas for applications but the market faces challenges such as fluctuating raw material prices and complex regulations. Despite these challenges, expanding manufacturing, automotive and manufacturing industries, and technological innovations are expected to fuel the ongoing growth of the welding gas market in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 23.75 Billion |
| Market size value in 2031 | USD 35.91 Billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Welding Gas Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Welding Gas Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Welding Gas Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Welding Gas Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Welding Gas Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Welding Gas Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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