Global Welding Gas Market

Welding Gas Market Size, Share, Growth Analysis, By Product(Equipment and Consumables), By Application(Automotive, Building & Construction), By Welding(Arc, Resistance) - Industry Forecast 2024-2031

Report ID: SQMIG10A2034 | Region: Global | Published Date: April, 2024
Pages: 178 | Tables: 93 | Figures: 70

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Welding Gas Market size was valued at USD 23.75 Billion in 2022 and is poised to grow from USD 24.73 Billion in 2023 to USD 35.91 Billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

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. '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'

The growing demand for welding gases from key end-consumer industries, together with creation, automotive, and manufacturing, is a major driver for the 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.

Rise in the Adoption of High Purity Air for Improved Welding Processes One of the major factors shaping the 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.

North America is the dominating region in the 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.

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