The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Welding Gas Or Shielding Gas Global Market Report 2024, the welding gas or shielding gas market is expected to show significant growth in the forecast period.

Understanding Market Dynamics

• The welding gas/shielding gas market size has grown strongly in recent years.
• It will grow from $2.94 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%.
• Growth in the historic period can be attributed to industrial growth, infrastructure development, globalization of manufacturing, and the automotive industry.

Anticipating Future Trends

• The welding gas/shielding gas market size is expected to see strong growth in the next few years.
• It will grow to $4.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
• The forecast period’s growth can be attributed to increased construction activities, economic expansion in emerging markets, stringent regulatory standards, and the rise in renewable energy projects.

Driving Forces Behind Market Expansion

Booming Metal Manufacturing And Fabrication Industries Fueling Growth In The Welding And Shielding Gas Market

• Metal manufacturing and metal fabrication industries are expected to propel market growth.
• These sectors involve processes such as smelting, casting, and mining metal.
• Welding and shielding gases are crucial in joining metal sheets due to their properties.
• The global steel production saw a notable increase from 2020 to 2021.
• Canada witnessed significant growth in the manufacturing value of metal fabricated products.
• Key companies in the market include Air Products and Chemicals Inc., Linde PLC, Praxair Inc., among others.

View More On The Welding Gas Or Shielding Gas Market Report 2024 – https://www.thebusinessresearchcompany.com/report/welding-gas-or-shielding-gas-global-market-report

Innovations Transforming The Welding And Shielding Gas Market

• Technological advancements are reshaping the welding gas and shielding gas market.
• Companies focus on creating innovative technologies to enhance welding operations.
• Air Liquide S. A. introduced Qlixbi, a packaged gas with digital technology, for faster and safer welding operations.
• Air Products and Chemicals, Inc. acquired Air Liquide, bolstering its welding gas product portfolio.

Segmentation and Market Landscape

• The welding gas/shielding gas market is segmented by type, storage, transportation, distribution mode, application, and end-user industry.
• Types include Argon, Carbon Dioxide, Oxygen, Hydrogen, among others.
• Storage, transportation, and distribution modes involve cylinder and packaged gas distribution, as well as merchant liquid and bulk distribution.
• Applications range from gas metal arc welding to gas tungsten arc welding and others.
• End-user industries encompass metal manufacturing and fabrication, construction, energy, aerospace, among others.
• North America led the welding gas/shielding gas market in 2023.

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The Welding Gas Or Shielding Gas Global Market Report 2024  provides an in-depth analysis on the welding gas or shielding gas market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the welding gas or shielding gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Welding Products Global Market Report 2024
Welding Consumables Global Market Report 2024
Industrial Gas Global Market Report 2024

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