The global metal cutting gas market was valued at $2.7 billion in 2021, and is projected to reach $4.0 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.
Metal cutting gases are extensively used in temperature intensive application. With the help of metal cutting gases such as natural gas, propane, acetylene, and others are widely used for cutting and welding applications of metals. Metal cutting gases work under temperature variation ranges owing to which these have a wider age of applications in various end use industries such as aerospace, metal casting, construction, underground subways, and others.
Increase in the demand from emerging end use industries and robust growth in the production rate of metal cutting gases from leading manufacturers has spurred the chemical industry. For instance, according to an article published by invest India in November 2022, the Average Index of Industrial Production of Manufacturing of chemicals and chemical products in the financial year 2021-2022 is 120.7 and has grown by 4.1%. Acetylene, propylene, and natural gases are extensively produced by leading key players in larges scales owing to their wide range of uses in metal cutting industry. Mainly it is used in welding and cutting metal parts. This factor is expected to foster the growth of the metal cutting gas market.
Habitual exposure to metal-cutting gases in the metal fabrication industry will have adverse effects on the workers. In addition, inhalation of small particles of gases will lead to getting cancer, heart, and lung disease, premature death, and others. Moreover, an article published by Interesting Engineering, Inc., oxy-acetylene gas is not suitable for thick and heavy sections of metals and does not have a flux shielding system. In addition, propylene gas is poisoning and has adverse health effects. Furthermore, the depletion of natural gases reservoir is expected to hamper market growth.
The growing population coupled with an increase in the per capita income of consumers, improvement in the standard of living, and rise in the demand for commercial air travel has led the Indian government has set up large orders for aircraft. In addition, air passenger traffic is expected to increase the potential sales of the Indian aviation industry. For instance, according to an article published by Invest India in November 2022, The Indian Civil Aviation MRO market, at present, stands at around $900 Mn and is anticipated to grow to $4.33 bn by 2025 increasing at a CAGR (Compound Annual Growth Rate) of about 14-15%. Oxy-acetylene gas is commonly used in joining various aircraft parts, assembling aircraft frames, and others. This is anticipated to increase sales of metal-cutting gas market in the aircraft industry; thus, creating lucrative opportunities for the market.
The metal cutting gas market is segmented based on gas type, end-use, and region. Based on type, the market is categorized into acetylene, propylene, natural gas, propane, and others. Based on end-use industry, it is divided into automotive, aerospace, building and construction, metal and metal fabrication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global metal cutting gas market profiles leading players that include Ador Welding Limited, Bharat Petroleum Corporation Limited, Brothers Gas, ESAB, HACO, Hornet Cutting Systems, Indian Oil Corporation Ltd, LEVSTAL, NISSAN TANAKA CORPORATION, and TotalEnergies. The global metal cutting gas market report provides in-depth competitive analysis as well as profiles of these major players.
Metal cutting gases are extensively used in temperature intensive application. With the help of metal cutting gases such as natural gas, propane, acetylene, and others are widely used for cutting and welding applications of metals. Metal cutting gases work under temperature variation ranges owing to which these have a wider age of applications in various end use industries such as aerospace, metal casting, construction, underground subways, and others.
Increase in the demand from emerging end use industries and robust growth in the production rate of metal cutting gases from leading manufacturers has spurred the chemical industry. For instance, according to an article published by invest India in November 2022, the Average Index of Industrial Production of Manufacturing of chemicals and chemical products in the financial year 2021-2022 is 120.7 and has grown by 4.1%. Acetylene, propylene, and natural gases are extensively produced by leading key players in larges scales owing to their wide range of uses in metal cutting industry. Mainly it is used in welding and cutting metal parts. This factor is expected to foster the growth of the metal cutting gas market.
Habitual exposure to metal-cutting gases in the metal fabrication industry will have adverse effects on the workers. In addition, inhalation of small particles of gases will lead to getting cancer, heart, and lung disease, premature death, and others. Moreover, an article published by Interesting Engineering, Inc., oxy-acetylene gas is not suitable for thick and heavy sections of metals and does not have a flux shielding system. In addition, propylene gas is poisoning and has adverse health effects. Furthermore, the depletion of natural gases reservoir is expected to hamper market growth.
The growing population coupled with an increase in the per capita income of consumers, improvement in the standard of living, and rise in the demand for commercial air travel has led the Indian government has set up large orders for aircraft. In addition, air passenger traffic is expected to increase the potential sales of the Indian aviation industry. For instance, according to an article published by Invest India in November 2022, The Indian Civil Aviation MRO market, at present, stands at around $900 Mn and is anticipated to grow to $4.33 bn by 2025 increasing at a CAGR (Compound Annual Growth Rate) of about 14-15%. Oxy-acetylene gas is commonly used in joining various aircraft parts, assembling aircraft frames, and others. This is anticipated to increase sales of metal-cutting gas market in the aircraft industry; thus, creating lucrative opportunities for the market.
The metal cutting gas market is segmented based on gas type, end-use, and region. Based on type, the market is categorized into acetylene, propylene, natural gas, propane, and others. Based on end-use industry, it is divided into automotive, aerospace, building and construction, metal and metal fabrication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global metal cutting gas market profiles leading players that include Ador Welding Limited, Bharat Petroleum Corporation Limited, Brothers Gas, ESAB, HACO, Hornet Cutting Systems, Indian Oil Corporation Ltd, LEVSTAL, NISSAN TANAKA CORPORATION, and TotalEnergies. The global metal cutting gas market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal cutting gas market analysis from 2021 to 2031 to identify the prevailing metal cutting gas market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal cutting gas market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal cutting gas market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Gas Type
- Acetylene
- Propylene
- Natural Gas
- Propane
- Others
By End Use
- Building and Construction
- Metal and Metal Fabrication
- Others
- Automotive
- Aerospace
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- esab
- TotalEnergies SE
- Hornet Cutting Systems
- Ador Welding Limited
- Bharat Petroleum Corporation Limited
- LEVSTAL
- NISSAN TANAKA CORPORATION
- Indian Oil Corporation Ltd
- haco
- brothers gas
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: METAL CUTTING GAS MARKET, BY GAS TYPE
CHAPTER 5: METAL CUTTING GAS MARKET, BY END USE
CHAPTER 6: METAL CUTTING GAS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Metal Cutting Gas Market," The metal cutting gas market was valued at $2.7 billion in 2021, and is estimated to reach $4 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.Metal cutting gas is a flame of fuel gas such as acetylene, propane, propylene, natural gases, and others. Steam of oxygen is injected around the flame which burns the steel and ejects the oxide as dross. Metal cutting gases possess temperature variation during welding and cutting process of metal. Metal cutting torch is handheld or it is mounted on a mechanized carriage While cutting the metals. Metal cutting gases have a wide range of applications in various end use industries such as automotive, aerospace, building and construction, metal fabrication, and others.
The welding and cutting industry witnesses high growth potential due to growing demand from various end-use sectors such as building and construction, steel processing, automotive, aerospace, and others. Metal-cutting gases such as ethyne, acetylene, propane, and other gases are extensively used in metal-cutting processes to attain greater efficiency and reduce costs. In addition, the growing building and construction industry and the rise in the production of metal have spurred the metal manufacturing industry. For instance, an article published by India Brand Equity Foundation in November 2022, As of April 2022, India was the world's second-largest producer of crude steel, with an output of 10.14 MT. In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT, respectively. This factor is anticipated to drive the potential sales of the metal cutting gas market.
Technological upgradation and changing prices of metals are expected to act as a challenging factor for the metal-cutting gas market. In addition, the high production cost for metal-cutting setup and expensive metal-cutting gases is expected to hamper the market. For instance, data published by FuelSnap in February 2021, propylene gas is more expensive than heating oil due to which manufacturers are switching to an alternative solution for metal-cutting gases. Habitual exposure to metal-cutting gases in the metal fabrication industry will have adverse effects on the workers. In addition, inhalation of small particles of gases will lead to getting cancer, heart, and lung disease, premature death, and others. This factors are expected to hamper the overall market growth in the coming years.
Surge in population has led the building & construction sector to witness significant growth which has further enhanced the performance of the metal-cutting gas industry. For instance, according to a report published by the International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 2022 to 2030. Propylene metal cutting gas has a huge scope in the building and construction industry. Where propylene is widely used for making metal structures, cladding, roofing, window frames, plumbing, heating equipment, and others. This is expected to act as one of the key drivers responsible for the market growth; thus, offering most lucrative opportuntiies.
Dometic availability of raw material such as iron ore, and cheap labor cost in the countries such as China, India, and South Africa has surged the growth of the metal manufacturing industry. In addition, increase in the demand for metal in the U.S., has enhanced the performance of metal industry. For instance, according to a document published by Atradius company in September 2022, after a remarkably high growth rate in 2021, US metals and steel output is expected to increase by about 5% in 2022, which is driven by ongoing robust demand, from residential construction, aerospace, transportation, and engineering sectors. This factor is projected to fuel the demand for metal cutting gases.
The metal cutting gas market is segmented on the basis of gas type, end-use, and region. On the basis of gas type, the market is categorized into acetylene, propylene, natural gas, propane, and others. On the basis of end use industry, it is divided into automotive, aerospace, building and construction, metal and metal fabrication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study
In 2021, the acetylene segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.5% during the forecast period.In 2021, the metal and metal fabrication end use segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.1% during the forecast period.
The Asia-Pacific metal cutting gas market size is projected to grow at the highest CAGR of 4.6% during the forecast period and accounted for 48% of metal cutting gas market share in 2021.
The global metal cutting gas market profiles leading players that include Ador Welding Limited, Bharat Petroleum Corporation Limited, Brothers Gas, ESAB, HACO, Hornet Cutting Systems, Indian Oil Corporation Ltd, LEVSTAL, NISSAN TANAKA CORPORATION, and TotalEnergies. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics.
Companies Mentioned
- esab
- TotalEnergies SE
- Hornet Cutting Systems
- Ador Welding Limited
- Bharat Petroleum Corporation Limited
- LEVSTAL
- NISSAN TANAKA CORPORATION
- Indian Oil Corporation Ltd
- haco
- brothers gas
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 456 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2.7 billion |
| Forecasted Market Value ( USD | $ 4 billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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