Welding Gas Market Poised for Robust Growth, Forecasted to Expand at 5.2% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30.
Report Coverage
This report offers a comprehensive analysis of the Welding Gas Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Welding Gas Market Overview
The major factors responsible for this market growth included the expansion of research laboratories across China and increasing R&D investments in the country. In recent years, the country has been largely facing geopolitical tensions, which have been impacting its economic growth. Hence, observing these impacts on economic growth, the government of China has initiated aligning its spending toward research & development, to become a technological powerhouse across the globe.
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Welding Gas Market Segmentation Outlook
The Welding Gas is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product Type
- Carbon Dioxide
- Argon
- Hydrogen
- Oxygen
- Others (Helium, Acetylene, etc.)
By Application
- Gas Metal Arc Welding (GMAW/MIG)
- Gas Tungsten Arc Welding (GTAW/TIG)
- Shielded Metal Arc Welding (SMAW)
- Flux Cored Arc Welding (FCAW)
By End-User
- Metal Manufacturing & Fabrication
- Building & Construction
- Energy
- Automotive
- Aerospace & Defense
- Others (Oil & Gas, Transportation, etc.)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
Welding Gas Market Trend
The Emergence of Advanced Technologies in the Welding Industry – The welding industry has transformed significantly in the past few years owing to transitions toward joining dissimilar & non-metallic materials, customized metal shapes & designs, and the emergence of different techniques. Currently, the world is witnessing a rapidly rising adoption of robotic welding as it reduces the overall operational time and allows for high-precision welds & enhanced productivity. Moreover, as technologies like the IoT (Internet of Things), AI (Artificial Intelligence), cloud, & smart sensors are being increasingly embedded into these robotic welding solutions, it has notably reduced workplace accidents. Hence, these aspects indicate a highly lucrative future for the overall welding industry globally, which, in turn, would stimulate the growth of the welding gas market in the forecast years.
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Top Welding Gas Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Air Liquide SA, Air Products and Chemicals, Inc., American Welding and Gas, Arc3 Gases, Gulf Cryo, Iceblick Ltd., Linde PLC, Nippon Sanso Holdings Corporation, Southern Industrial Gas Sdn. Bhd., and The Messer Group GmbH, among Others as key players shaping the market landscape.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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