Welding Gas Market Expected to Grow at a CAGR of 4.4% by 2030, Reports MarkWide Research

MarkWide Research’s recent report, titled “Welding Gas Market,” unveils a promising future for global growth in the welding gas industry. With a projected compound annual growth rate (CAGR) of 4.4% from 2023 to 2030, this market is poised to be a crucial component of welding and metalworking processes.

Welding gases, including argon, helium, oxygen, and carbon dioxide, are essential for various welding techniques such as MIG (Metal Inert Gas) and TIG (Tungsten Inert Gas) welding. This press release outlines the key drivers and trends propelling the welding gas market’s expansion and provides insights into the factors shaping its dynamic future.

Industrial Manufacturing

The industrial manufacturing sector is a primary driver of the welding gas market. Manufacturers rely on welding gases for a wide range of applications, including metal fabrication, automotive production, and machinery manufacturing. As industrial production scales up, so does the demand for welding gases.

The market is poised to benefit from the growth of industrial manufacturing activities.

Construction and Infrastructure Projects

Construction and infrastructure development projects require welding gases for joining and fabricating structural components. These projects encompass the construction of buildings, bridges, pipelines, and other critical infrastructure. As governments and private enterprises invest in infrastructure, the need for welding gases increases.

The market is expected to grow as infrastructure development projects continue.

Automotive and Aerospace Manufacturing

The automotive and aerospace industries rely heavily on welding gases for precise and high-quality welding processes. These industries demand welding gases for manufacturing vehicles, aircraft, and spacecraft, where weld quality and consistency are paramount. As these industries expand, so does the demand for welding gases.

The market is poised to benefit from the growth of automotive and aerospace manufacturing.

Energy Sector

The energy sector, encompassing oil and gas exploration, also relies on welding gases for pipeline construction, repairs, and maintenance. The continued demand for energy resources drives investment in the energy sector, leading to increased use of welding gases.

The market is expected to grow as the energy sector continues to develop.

Market Regional Analysis

• North America: North America leads the welding gas market, driven by robust industrial manufacturing, energy production, and infrastructure development.
• Europe: Europe is experiencing steady growth in the market, with a focus on precision welding in automotive and aerospace manufacturing.
• Asia-Pacific: Asia-Pacific is emerging as a key growth region, driven by rapid industrialization, infrastructure development, and the growth of fabrication industries.
• Latin America and Middle East: These regions are witnessing growth in the welding gas market, fueled by construction projects and energy sector investments.

Competitive Landscape

The welding gas market features a competitive landscape with established gas suppliers and industrial gas companies. Market leaders invest in research and development to ensure the quality, purity, and efficiency of their welding gases. Notable companies in the market include:

• Linde plc
• Air Liquide S.A.
• Praxair, Inc. (Now part of Linde plc)
• Air Products and Chemicals, Inc.
• Messer Group GmbH
• Iwatani Corporation
• Taiyo Nippon Sanso Corporation
• SOL Spa
• Gulf Cryo
• The Southern Gas Limited (SGL)

Conclusion

The welding gas market is on an upward trajectory, driven by industrial manufacturing, construction and infrastructure projects, automotive and aerospace manufacturing, and the energy sector’s continued growth. With a projected CAGR of 4.4% from 2023 to 2030, this market continues to be a vital component of welding and metalworking processes.