Industrial Gases- Metals and Metal Fabrication Market Report 2026

The industrial gases- metals and metal fabrication market size has grown strongly in recent years. It will grow from $56.82 billion in 2025 to $60.67 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in primary metal production, increasing industrial fabrication activities, rising consumption of oxygen and acetylene, expansion of cylinder and packaged gas distribution, technological advancements in gas purity.

The industrial gases- metals and metal fabrication market size is expected to see strong growth in the next few years. It will grow to $78.02 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing use of nitrogen and carbon dioxide in metal processing, growth in industrial hydrogen applications, rising adoption of tonnage distribution, expansion of specialty gases in electronics manufacturing, increased demand for sustainable and green gas solutions. Major trends in the forecast period include rising demand for industrial oxygen and nitrogen, increasing adoption in metal fabrication processes, growth of packaged and tonnage gas distribution, expansion in high-purity hydrogen applications, use of specialty gases in advanced manufacturing.

The growth in automotive production is expected to drive the expansion of the industrial gases-metals and metal fabrication markets in the coming years. The automotive industry includes companies involved in designing, producing, wholesaling, retailing, and maintaining motor vehicles. Industrial gases play a crucial role in automotive production by supporting various applications in metal manufacturing and processing, such as metal heating, welding, shielding, cutting, coating, and more. For example, in March 2025, the European Automobile Manufacturers’ Association (ACEA) reported that global car sales reached 74.6 million units in 2024, marking a 2.5% increase compared to 2023. As a result, the rise in automotive production is driving the growth of the industrial gases-metals and metal fabrication markets.

Partnerships and collaborations have become prominent trends in the industrial gases, metals, and metal fabrication markets. Leading companies in the sector are concentrating on strategic partnerships to develop new advanced industrial plants. For example, in September 2023, Westfalen, a technology company based in Germany, inaugurated a new industrial gases filling plant in Arzal, situated on the Atlantic coast of Brittany, France. This facility enhances Westfalen's footprint in France, its largest foreign market, and boosts the company's capacity by over 130,000 cylinders annually. The new plant aims to improve operational efficiency by producing gases closer to customers, which helps reduce logistics distances and lowers the carbon footprint. This investment highlights Westfalen's commitment to addressing the rising demand for industrial gases while promoting sustainability in its operations.

In July 2024, TransTech Group International Inc, a US-based provider of engineered industrial solutions, acquired Metalforms Limited for an undisclosed amount. With this acquisition, TransTech aims to strengthen its metal fabrication and manufacturing capabilities by incorporating Metalforms' expertise in custom-engineered heat exchangers, pressure vessels, air coolers, and other related metal fabrication equipment. Metalforms Limited, also based in the US, specializes in providing engineered metal fabrication solutions for industrial, chemical, petrochemical, and energy markets.

Major companies operating 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, 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., Calgaz, Cryoplant LLC, CryoSource, Cryo-Flo Industries Ltd.

Asia-Pacific was the largest region in the industrial gases-metals and metal fabrication market in 2025. The regions covered in the industrial gases- metals and metal fabrication market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial gases- metals and metal fabrication market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, 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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