Industrial Gases- Metals And Metal Fabrication Global Market Report 2024

Industrial gases for metals and metal fabrication are gaseous materials produced for various applications in manufacturing, particularly in metal fabrication processes such as welding, coating, heating, and cutting of metals. These gases play a crucial role in enhancing efficiency and facilitating specific chemical reactions in the production and fabrication of metals.

The primary types of industrial gases for metals and metal fabrication markets include oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, and others. Oxygen, for instance, is utilized to improve efficiency and remove impurities in the iron manufacturing process. It is a chemically active gas with high oxidation effects and combines properties with metals. Functions of industrial gases in metals and metal fabrication encompass both primary metal production and metal fabrication processes. The transportation modes for these gases include cylinder and packaged gas distribution, merchant liquid distribution, and tonnage distribution. Various industries utilize these gases, including the metal industry, automotive, rail and shipping, aerospace and defense, heavy machinery, among others.

The industrial gases-metal and metal fabrication market research report is one of a series of new reports that provides industrial gases-metal and metal fabrication market statistics, including industrial gases-metal and metal fabrication industry global market size, regional shares, competitors with an industrial gases-metal and metal fabrication market share, detailed industrial gases-metal and metal fabrication market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gases-metal and metal fabrication industry. This industrial gases-metal and metal fabrication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial gases- metals and metal fabrication market size has grown strongly in recent years. It will grow from $51.73 billion in 2023 to $55.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historical period can be attributed to factors such as the increasing demand for industrial gases in metal welding and cutting processes, the adoption of industrial gases for heat treatment and surface modification, advances in metal recycling, the increasing use of industrial gases in non-ferrous metal production, and the growing demand for metal fabrication in the automotive industry.

The industrial gases- metals and metal fabrication market size is expected to see strong growth in the next few years. It will grow to $70.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to factors such as the rise in demand for specialty gases in additive manufacturing processes, growth in the automotive industry with applications in metal fabrication, increasing adoption of industrial gases in emerging economies, expansion of the electronics industry, and the adoption of industrial gases in metal 3D printing technologies. Noteworthy trends expected in the forecast period encompass the integration of advanced monitoring and control systems, the development of customized gas blends, an emphasis on sustainable and eco-friendly gas production methods, collaborations between gas suppliers and metal fabrication companies, and innovative packaging and delivery methods.

The anticipated growth in the industrial gases-metals and metal fabrication markets is attributed to the expected increase in automotive production. The automotive industry encompasses various activities, including designing, manufacturing, wholesaling, retailing, and maintenance of motor vehicles. Industrial gases play a crucial role in automotive production by facilitating various applications in metal manufacturing and processing, such as metal heating, welding, shielding, cutting, coating, and more. For example, as per the Indian Brand Equity Foundation (IBEF) in February 2022, the total production of passenger vehicles, including 3-wheelers and two-wheelers, reached 1,860,809 units in 2022, and automobile exports amounted to 4.13 million vehicles in 2021. Consequently, the surge in automotive production is steering the growth of the industrial gases-metals and metal fabrication markets.

The projected growth of the industrial gases-metals and metal fabrication market is expected to be driven by increasing government initiatives. Government initiatives refer to specific actions, policies, programs, or projects undertaken by governments at different levels to address issues, achieve specific goals, or promote outcomes in the public interest. Such initiatives contribute to the promotion of innovation, environmental sustainability, safety, infrastructure development, and research and development in industrial gases-metals and metal fabrication. For instance, in March 2022, the Chinese government unveiled a long-term hydrogen plan spanning from 2021 to 2035, fostering the growth of a domestic hydrogen sector. Additionally, the Indian government introduced a Green Hydrogen Policy in February 2022, aiming to position India as a major hub for green hydrogen production, with a target of 5 million tons by 2030. This policy aligns with climate objectives and reduces dependence on fossil fuels. Therefore, the increasing government initiatives are expected to propel the growth of the industrial gases-metals and metal fabrication market.

Partnerships and collaborations are emerging as significant trends in the industrial gases-metals and metal fabrication markets, with major companies forming new alliances to maintain their market positions. For instance, in 2021, Air Liquide partnered with Eni for an undisclosed amount, facilitating the sustainable deployment of an extended network of hydrogen refueling stations in Italy. This collaboration also involves feasibility and sustainability studies and the development of a low-carbon and renewable hydrogen supply chain. In another partnership, Air Water Inc. signed a memorandum of understanding (MOU) agreement with Mitsui & Co. in February 2022 to expand the industrial gas business globally. Such collaborations enhance market stability and foster growth.

Major companies operating in the industrial gases-metals and metal fabrication market are innovating by developing products like ultra-low oxygen Ti64 to meet the increasing demand. Ultra-low oxygen Ti64 is a titanium alloy with an extremely low oxygen content. For example, in November 2022, 6K Additive LLC introduced ultra-low oxygen titanium 64 (Ti64) for additive manufacturing. The reduced oxygen levels in Ti64 enable customers to increase the number of print jobs while maintaining quality, reducing overall expenses for producing titanium parts. This innovation addresses challenges in the global supply chain crisis, contributing to cost-effectiveness and stability in the market.

In April 2022, Air Products Inc. acquired Air Liquide’s industrial gases business in the UAE and Bahrain for an undisclosed amount. This strategic acquisition aims to strengthen Air Products Inc. 's product portfolio and expand its regional presence in the United Arab Emirates. Air Liquide is a France-based company specializing in the production of industrial gases.

Major companies operating in the in the industrial gases- metals and metal fabrication market report are Praxair Inc., Cryotec Anlagenbau GmbH, Air Products and Chemicals Inc., Iwatani Corporation, The Messer Group GmbH, Linde plc, Southern Industrial Gas Sdn Bhd, Nippon Sanso Holdings Corporation, Singhal Gas Products, Yingde Gases Group Company Limited, Vadilal Industries Ltd., Matheson Tri-Gas Inc., Gulf Cryo, Welsco Inc., Ellenbarrie Industrial Gases Ltd., Sicgil India Limited, Axcel Gases, AGP Gas, EuroWeld Group, National Welding Supply Co., Nexair LLC, Messer Canada Inc., Oxygen Service Company, HyCO, Universal Industrial Gases Inc., AGL Industrial Supply Inc., Praxair Canada Inc., WESCO Distribution Inc., Calgaz, Cryoplant LLC, CryoSource, Cryo-Flo Industries Ltd.

Asia-Pacific was the largest region in the industrial gases-metals and metal fabrication market in 2023. The regions covered in the industrial gases- metals and metal fabrication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the industrial gases- metals and metal fabrication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The industrial gases-metals and metal fabrication market includes revenues earned by entities from non-ferrous production, iron or steel production, welding, cutting, coating, and heat treating. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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