Industrial Gases in Metals and Metal Fabrication

Global Industrial Gases in Metals and Metal Fabrication Market to Reach US$89.5 Billion by 2030

The global market for Industrial Gases in Metals and Metal Fabrication estimated at US$55.1 Billion in the year 2023, is expected to reach US$89.5 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2023-2030. Hydrogen Gas, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$24.4 Billion by the end of the analysis period. Growth in the Oxygen Gas segment is estimated at 8.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.3 Billion While China is Forecast to Grow at 10.9% CAGR

The Industrial Gases in Metals and Metal Fabrication market in the U.S. is estimated at US$14.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.8 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.2% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Global Industrial Gases in Metals and Metal Fabrication Market - Key Trends and Drivers Summarized

Why Are Industrial Gases Vital in Metals and Metal Fabrication?

Industrial gases are indispensable in metals and metal fabrication processes, playing a crucial role in improving efficiency, quality, and safety. Gases such as oxygen, nitrogen, argon, and hydrogen are used in various metalworking applications, including welding, cutting, heat treatment, and metal coating. Oxygen is widely used in oxy-fuel cutting and combustion processes, while argon is essential in welding to provide a stable environment and prevent oxidation. Nitrogen is employed in annealing processes to enhance the properties of metals, while hydrogen is used in reducing atmospheres to eliminate oxidation. These gases not only improve production efficiency but also help achieve superior material properties, making them essential in industries such as automotive, aerospace, and construction.

How Are Technological Advancements Shaping the Industrial Gases Market in Metals and Metal Fabrication?

Technological advancements in gas applications and delivery systems are significantly enhancing the role of industrial gases in metals and metal fabrication. Innovations in gas blending and precision control technologies allow for more accurate and efficient use of gases during metalworking processes, reducing material waste and improving product quality. Cryogenic technologies are also being integrated into metalworking operations to achieve higher levels of precision and control, particularly in heat treatment and welding applications. Additionally, advances in gas monitoring and safety systems are improving workplace safety by reducing the risks associated with handling and storing industrial gases. These technological improvements are driving the adoption of industrial gases in high-performance and specialized metalworking applications.

How Do Market Segments Define the Growth of Industrial Gases in Metals and Metal Fabrication?

Gas types include oxygen, nitrogen, argon, and hydrogen, with oxygen holding the largest market share due to its extensive use in cutting and welding applications. Processes include cutting, welding, heat treatment, and metal forming, with cutting and welding leading the market as these are fundamental operations in metal fabrication. End-users include automotive, aerospace, construction, and heavy machinery industries, with the automotive and aerospace sectors driving the most significant demand for industrial gases as they require high-quality metal parts with precise mechanical properties. The market is also growing in emerging regions where industrial infrastructure is expanding.

What Factors Are Driving the Growth in the Industrial Gases Market for Metals and Metal Fabrication?

The growth in the industrial gases market for metals and metal fabrication is driven by several factors, including increasing demand for precision metalworking, technological advancements in gas applications, and the growing focus on energy efficiency. The automotive and aerospace industries are particularly driving demand for industrial gases as they require high-performance materials with specific mechanical properties. Technological innovations in gas delivery and monitoring systems are improving the efficiency and safety of metalworking processes, further contributing to market growth. Additionally, the growing emphasis on energy-efficient and sustainable manufacturing practices is prompting the adoption of advanced industrial gas technologies that reduce emissions and enhance production efficiency, particularly in energy-intensive metal fabrication processes.

Select Competitors (Total 36 Featured) -

• Air Liquide S.A.
• Air Products and Chemicals, Inc.
• Airgas Inc.
• Messer Group
• Novomer Inc.
• Praxair Inc.
• Taiyo Nippon Sanso Corp.
• The Linde Group
• Universal Industrial Gases, Inc.
• Yingde Gases Group Co., Ltd.

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