Industrial gases play a crucial role in metals and metal fabrication applications. Oxygen aids in metal cutting and welding processes, while nitrogen provides an inert atmosphere to prevent oxidation during heat treatment. Argon is utilized for arc welding, and helium is employed for leak testing. Hydrogen finds use in reducing metal oxides during annealing. These gases offer precise temperature control and improved metallurgical properties. Their versatile and controlled applications enhance productivity, reduce waste, and ensure high-quality metal products in various industries like automotive, aerospace, construction, and more.
According to Data Bridge Market Research, the Global Industrial Gases in Metals and Metal Fabrication Market is expected to grow with a CAGR of 6.6% in the forecast period of 2022 to 2029.
“Increase in production of automotive and heavy machinery industries boosts the market’s growth”
The increase in the production of automotive and heavy machinery industries drives up the demand for metals and metal fabrication. As these sectors expand, there is a growing need for industrial gases like oxygen, nitrogen, and argon, which are essential for various metal processing and welding applications. The rising demand for industrial gases in these industries directly contributes to the growth of the metals and metal fabrication market, creating new opportunities for gas suppliers and manufacturers.
What restraints the growth of the global industrial gases in metals and metal fabrication market?
“Strict regulatory policies for industrial gases restraints the market’s growth”
Strict regulatory policies for industrial gases can act as a restraint on the growth of the metals and metal fabrication market. Stringent regulations may impose limitations on the emissions of greenhouse gases and other hazardous substances released during metal processing. Compliance with these regulations could result in increased costs for industrial gas suppliers and metal fabricators, potentially leading to reduced uptake of certain gases. Such restrictions may hinder the overall growth of the market and encourage industries to seek alternative, less regulated processes, and materials.
Segmentation: Global Industrial Gases in Metals and Metal Fabrication Market
The global industrial gases in metals and metal fabrication market are segmented on the basis of type, function, transportation mode, and end-user.
- On the basis of type, the industrial gases in metals and metal fabrication market is segmented into oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, and others.
- On the basis of function, the industrial gases in metals and metal fabrication market is segmented into primary metal production, metal fabrication.
- On the basis of transportation mode, the industrial gases in metals and metal fabrication market is segmented into merchant liquid distribution, tonnage distribution, cylinder, and packaged gas.
- On the basis of end-user, the industrial gases in metals and metal fabrication market is segmented into metal industry, automotive, aerospace and defense, and others.
Regional Insights: Asia-Pacific dominates the Global Industrial Gases in Metals and Metal Fabrication Market
Asia-Pacific dominates the industrial gases in metals and metal fabrication market rapid globalization and increased manufacturing in industries such as automotive and heavy machinery will drive the market growth in the region. With expanded production and international trade, there will be a higher demand for metals and metal fabrication, leading to a positive impact on the market's growth trajectory.
North America on the other hand, will continue to however show lucrative growth within the forecast period due to increasing investments in the automotive and aerospace industries will result in significant growth opportunities. These investments will foster technological advancements, research, and development, leading to improved products and innovations. As a result, the automotive and aerospace sectors will experience enhanced production capabilities and expanded market growth.
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The Prominent Key Players Operating in the Global Industrial Gases in Metals and Metal Fabrication Market Include:
- Iwatani Corporation (Japan)
- Messer Group (Germany)
- Southern Industrial Gas Sdn Bhd (Malaysia)
- nexAir (U.S.)
- Taiyo Nippon Sanso Corporation (Japan)
- CRYOTEC Anlagenbau GmbH (Germany)
- Matheson Tri-Gas, Inc. (U.S.)
- Gulf Cryo (Kuwait)
- Welsco Inc. (U.S.)
- Ellenbarrie industrial Gases (India)
- Sicgil india limited (India)
- Southern Gas Limited (India)
- Axcel Gases (India)
- Universal Industrial Gases, Inc. (U.S.)
- American Gas Products (U.S.)
- Singhal Gas Products (India)
- A-Gas (U.K.)
- CPV Manufacturing (U.S.)
- HyGear HQ (U.S.)
- Vadilal Chemicals Ltd. (India)
- Depke Gases & Welding Supply (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global industrial gases in metals and metal fabrication market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Industrial Gases in Metals and Metal Fabrication Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
