Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Welding Gas Market, The Global Welding Gas Market is projected to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Welding Gas Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- CAGR (2024-2030): 5.2%
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Global Welding Gas Market Segmentation Breakdown:
The Welding Gas Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Carbon Dioxide
- Argon
- Hydrogen
- Oxygen
- Others (Helium, Acetylene, etc.)
Of them all, argon gas holds a significant share in the Global Welding Gas Market, owing primarily to its burgeoning demand & utilization in the booming metal fabrication industry worldwide.
- By Application
- Gas Metal Arc Welding (GMAW/MIG)
- Gas Tungsten Arc Welding (GTAW/TIG)
- Shielded Metal Arc Welding (SMAW)
- Flux Cored Arc Welding (FCAW)
Here, Gas Metal Arc Welding (GMAW/MIG) will record the highest demand growth in the global welding gas market during 2024-30.
- By End-User
- Metal Manufacturing & Fabrication
- Building & Construction
- Energy
- Automotive
- Aerospace & Defense
- Others (Oil & Gas, Transportation, etc.)
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions, Asia-Pacific is the most prominent Welding Gas Market with a significant share, with China, Japan, & India as the leading contributors.
MarkNtel Advisors Highlights Key Market Drivers for Welding Gas Market:
Rapidly Expanding Construction Sector with Numerous Infrastructural Developments - To cater to the rising industrialization & urbanization, governments of several countries are excessively spending on infrastructural development & expansion projects, i.e., spurring construction activities associated with both residential & commercial buildings worldwide. As a result, the flourishing building & construction industry is creating a massive demand for welding processes, which indicates remunerative prospects for the Global Welding Gas Market during 2024-30.
A Comprehensive Analysis of Leading Companies in Global Welding Gas Market
- 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.
- The Messer Group GmbH
- Others
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What are the growth Restraint driving the Global Welding Gas Market?
Stringent Regulations for the Welding Gas Usage to Curb Carbon Emissions - Despite the ever-increasing demand for welding gases in various industries, there are strict norms imposed by governments of several countries for their usage, owing to the massive amount of greenhouse gas emissions generated during welding processes that negatively impact the environment. Moreover, the cryogenic process used to liquefy carbon dioxide & argon gases incurs a large amount of electricity, which also accounts for most emissions. Hence, various governing bodies & authorities are imposing strict rules to reduce these emissions and contribute to a greener future, i.e., the most prominent growth restraint for the Global Welding Gas Market during 2024-30.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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