Shielding Gas For Welding Market Share to Witness Significant Revenue Growth

Shielding Gas For Welding Market Summary

The global shielding gas for welding market size was estimated at USD 3.03 billion in 2023 and is projected to reach USD 4.40 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. The market growth is supported by the increasing demand for construction and manufacturing activities in developing smart cities, along with government initiatives aimed at strengthening infrastructure. As industries continue to expand their facilities and invest in modernization, the adoption of shielding gases for welding applications is expected to accelerate further.

The growing requirement for advanced welding processes, including shielded arc welding, metal arc welding, and tungsten metal arc welding, represents a major driver of the shielding gas market. This demand is heavily influenced by the construction sector, particularly the rising need for large-scale buildings and urban infrastructure in major metropolitan areas. The manufacturing sector also significantly contributes to this demand, as welding plays a vital role in producing components and assemblies across different industries. In addition to these, the adoption of shielding gases for enhanced welding quality, productivity, and efficiency will further strengthen market growth in the years ahead.

Key Market Trends & Insights

• Asia Pacific dominated the global market and accounted for a 40.52% revenue share in 2023, supported by robust industrial activity, rapid infrastructure development, and expanding construction projects across the region.
• The shielding gas for welding market in China held the largest share within Asia Pacific, accounting for 40.95% of the regional revenue in 2023, primarily driven by the country’s vast construction sector, extensive manufacturing base, and high urban development initiatives.
• Based on product type, argon dominated the global market and accounted for a revenue share of 39.67% in 2023, owing to its wide usage in welding processes for improved stability and precision.
• In terms of end use, the metal manufacturing and fabrication segment led the market, holding a 39.72% share in 2023, reflecting the growing reliance on welding gases in producing durable and high-quality components.
• Based on distribution, the cylinder and packaged gas segment dominated the market with a revenue share of 55.99% in 2023, highlighting its widespread adoption for convenience, flexibility, and safe handling in diverse industrial applications.

Order a free sample PDF of the Shielding Gas For Welding Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 3.03 Billion
• 2030 Projected Market Size: USD 4.40 Billion
• CAGR (2024-2030): 5.5%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

Some of the key players operating in the global market include:

• Air Products & Chemicals is an international corporation that primarily produces and distributes industrial gases and chemicals and supplies atmospheric gases like oxygen, nitrogen, argon, hydrogen, carbon dioxide, and process and specialty gases. Air Products' key offering is shielding gases for welding applications. These gases protect the welding pool and surrounding metal from atmospheric contamination during the welding process. The company has a global presence.
• Linde plc is an industrial gas and engineering company primarily operating in the industrial gas industry. The company's main product lines include atmospheric gases such as nitrogen, oxygen, rare gases, and argon and process gases like carbon dioxide, hydrogen, helium, specialty gases, electronic gases, and acetylene. Linde's products and services serve various industries, including chemicals and energy, healthcare, metals and mining, manufacturing, electronics, and food and beverage. In addition, the company provides gas production and processing services, including natural gas plants, olefin plants, hydrogen and synthesis gas plants, and air separation plants. The company has a global presence.

Air Liquide SA and Huntsman advanced materials are some of the emerging market participants globally.

• Air Liquide SA manufactures industrial gases, including nitrogen, oxygen, argon, hydrogen, and other rare gases. These products are used in various industries, including food, steel, chemicals, pharmaceuticals, automotive, electronics, and manufacturing. Air Liquide also provides antiseptics, skin disinfectants, and medical instrument disinfection products. The company has a global presence.
• Nippon Sanso Holdings Corp, a Mitsubishi Chemical Group Corp subsidiary, is an industrial gas manufacturing company. It provides nitrogen, oxygen, hydrogen, argon, carbon dioxide, acetylene, and other specialty gases. The company also manufactures semiconductors, electronics, welding, and medical-related equipment. It offers household and consumer-related products. The company provides manufacturing, designing, maintenance services, and installation for air separation units. The company has a global presence.

Key Players

• Air Products & Chemicals
• Linde plc
• Praxair Inc.
• Taiyo Nippon Sanso Corporation
• Air Liquide SA
• Gulf Cyro
• Iwatani Corporation
• Messer Group GmbH
• SIG Gases Berhad
• Matheson Tri-Gas, Inc.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global shielding gas for welding market is witnessing steady growth, driven by the expansion of construction, infrastructure, and manufacturing activities worldwide. The rising adoption of welding techniques in building larger structures and modern industrial facilities continues to strengthen demand. With Asia Pacific, particularly China, maintaining a dominant share, the region plays a critical role in shaping the industry’s future. Argon remains the most widely used product, while packaged gas distribution ensures practical use across industries. Moving forward, the market is expected to benefit from smart city development, government infrastructure projects, and the growing emphasis on efficient, high-quality welding solutions.