Welding Gas Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Welding gas, also known as shielding gas, is a mixture of several gases that are chemically inert or semi-inert in nature. The commonly used welding gases are helium, argon, carbon dioxide, acetylene, hydrogen, and oxygen. Welding gas plays a major role in the commercial welding processes by protecting the welding area from moisture and other atmospheric gas mixtures. During the welding process, different gases present in the atmosphere react with the welding material causing several complications such as reduced weld quality, porosity, and others. Welding gases are employed in different welding procedures, including laser welding, oxy-fuel welding, metal arc welding, and others. 

COVID-19 scenario analysis:

• The outbreak of the COVID-19 pandemic has severely affected the welding gas market.
• The governments of different countries imposed countrywide lockdowns and stringent travel restrictions on national and international transport. This halted the manufacturing facilities. As a result, the usage of welding gas in different commercial welding processes decreased significantly.
• There have been major degradations in the construction activities caused due to the lack of workforce, which also affected the usage of welding gas in a negative manner.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

A major factor responsible for the growth of the global welding gas market is the development of the construction industry due to rapid urbanization across the globe. The growing number of construction activities in both residential and commercial sectors is likely to increase the demand for welding gases in the industry. Moreover, the growth in metal manufacturing and metal fabrication industries has also added to the growth of the welding gas market. Welding gases are also extensively used in automobile and aerospace industries to ensure superior build quality and better performance. Despite increasing adoption of welding gas in several end-user industries, there are certain factors that restrain the growth of the welding gas market such as strict regulations of Occupational Safety and Health Administration (OSHA) regarding the usage of welding gas, which is explosive in nature. 

The Asia-Pacific region holds a significant share of the global welding gas market, owing to the high number of construction activities in developing nations, including India and China. The markets in North America and Europe are also expected to witness lucrative growth due to huge automobile and metal manufacturing sectors in the regions.

Key benefits of the report:

• This study presents the analytical depiction of the global welding gas market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global welding gas market share.
• The current market is quantitatively analyzed to highlight the global welding gas market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

 Welding Gas Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights