Global Acetylene Market

Welding gas, or shielding gas, refers to the combination of various chemically inert or semi-inert gases that are utilized to protect the welding area from moisture and other environmental gases in commercial welding. The welding gas or shielding gas is used to keep air out of arcs, metal fabrication, high carbon steel, aluminum-based containers, and join different metals to form containers. The main types of welding gas or shielding gas are argon, carbon dioxide, oxygen, hydrogen, and other types. Argon is a non-toxic inert gas used for welding on aluminum and magnesium metals. The main storage, transportation, and distribution models are cylinder and packaged gas distribution, and merchant liquid and bulk distribution. These are applicable in metal arc welding, gas tungsten arc welding, and other applications. The various end-user industries include metal manufacturing and fabrication, construction, energy, aerospace, and other end-user industries The welding gas/shielding gas market research report is one of a series of new reports from The Business Research Company that provides welding gas/shielding gas market statistics, including welding gas/shielding gas industry global market size, regional shares, competitors with a welding gas/shielding gas market share, detailed welding gas/shielding gas market segments, market trends and opportunities, and any further data you may need to thrive in the welding gas/shielding gas industry. This welding gas/shielding gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global welding gas/shielding gas market size grew from $2.71 billion in 2022 to $2.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The welding gas/shielding gas market size is expected to grow to $3.87 billion in 2027 at a CAGR of 7.3%. Growth in metal manufacturing and metal fabrication industries is expected to propel the growth of the welding gas or shielding gas market forward. Metal manufacturing and metal fabrication refer to the process of manufacturing metal sheets and castings by smelting, casting, and mining metal. Welding and shielding gases are used in the fabrication and manufacturing of metal products to join two parts of metal sheets due to their properties such as strength, durability, and resistance to corrosion. For instance, in 2022, according to World Population Review, a US-based global independent organization that provides demographic information about the population, total global steel production in 2021 was 1950.5 million tonnes and 4 million tonnes in 2020, representing a 3.7% increase in total global production. Further, according to Canadian Industry Statistics, a Canada-based government agency that provides industrial data, the total manufacturing value of metal fabricated products was $42.4 billion in 2019 and increased by up to 8.2% every year in Canada. Therefore, the growing metal manufacturing and metal fabrication industries are driving the welding gas or shielding gas market. Technological advancements are a key trend gaining popularity in the welding gas and shielding gas market. Major companies operating in the welding gas and shielding gas markets are concentrating their efforts on creating innovative technologies to make welding operations faster and safer. For instance, Air Liquide S.A., a France-based technology company that provides industrial gases and services to different industrial sectors, launched Qlixbi. This innovative packaged gas, equipped with digital technology, offers unique features including continuous supply and faster application of gas in welding operations with a suite of innovative cylinders and digital solutions. The digital applications of Qlixbi offer insights that help to improve welding operational productivity and improve efficiency. In April 2022, Air Products and Chemicals, Inc., a US-based chemical company that provides industrial gases, acquired Air Liquide for an amount of $11.2 billion. This acquisition helps Air Products to increase its welding gas product portfolio, workforce, and product reach in the UAE and Bahrain. Air Liquide SA is a French-based chemical company specialising in welding and shielding gases. Major players in the welding gas/shielding gas market are Air Products and Chemicals Inc., Gulf Cryo, Linde PLC, Iwatani Corporation, Praxair Inc., Taiyo Nippon Sanso Corporation, Southern Industrial Gas Sendirian Berhad, The Messer Group GmbH, American Welding Gas Inc., Ellenbarrie Industrial Gases Ltd., Lincoln Electric Holdings Inc., Elektriska Svets-Aktiebolaget, Fronius International GmbH, Gas Innovations, and Sterling Gases Limited North America was the largest region in the welding gas/shielding gas market in 2022. The regions covered in this welding gas/shielding gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the welding gas/shielding gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The welding gas or shielding gas market consists of sales of argon and helium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global welding gasorshielding gas market is segmented - 1) By Type: Argon, Carbon Dioxide, Oxygen, Hydrogen, Other Types 2) By Storage, Transportation and Distribution Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid and Bulk Distribution 3) By Application: Gas Metal Arc Welding, Gas Tungsten Arc Welding, Other Application 4) By End User Industry: Metal Manufacturing and Fabrication, Construction, Energy, Aerospace, Other End-User Industry

Welding consumable refer to any material used for making or protecting a weld. The welding consumables are used to join the thermoplastics and metals utilizing coalescence. These are used in different applications to make them a final product in different industries. A welding consumable produces a fume composition that contains 14% chromium as Cr (III), and it is overalloyed with 2–4% Ni to encourage the formation of austenite in the weld metal and to maintain the phase balance. The main types of welding consumables are stick electrodes, solid wires, flux-cored wires, saw wires, and fluxes. Stick electrodes have a high depth of penetration and can dig through corrosion, oil, paint, and dirt. For root welding passes on a pipe, many skilled pipe welders use these all-position electrodes. The different types of consumables include stick electrodes, gases, strip cladding electrodes, submerged arc wires and fluxes, wires, other consumables and involve various welding types such as arc welding, energy beam welding, plasma arc welding, submerged arc welding, electro slag welding, resistance welding, other welding types. These are used in heavy engineering, automotive and transportation, railways, construction, shipbuilding, and other applications. The welding consumables market research report is one of a series of new reports from The Business Research Company that provides welding consumables market statistics, including welding consumables industry global market size, regional shares, competitors with a welding consumables market share, detailed welding consumables market segments, market trends and opportunities, and any further data you may need to thrive in the welding consumables industry. This welding consumables 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 global welding consumables market size grew from $14.71 billion in 2022 to $15.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The welding consumables market size is expected to grow to $20.37 billion in 2027 at a CAGR of 6.2%. The growth of the construction industry is contributing to the growth of the welding consumables market. The construction industry mainly involves building and repairing structures. Building construction mainly uses welding in the creation of structural frameworks from metal components. Welding has been used for connecting steel I-beams, trusses, columns, and footers, to support the walls, roof, and floors of a building. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Therefore, the growth of the construction industry is driving the growth of the welding consumables market. Strategic collaborations and partnerships are a key trend gaining popularity in the welding consumables market. Major companies operating in the market are focusing on partnerships and collaborations to lead the market. For instance, in March 2020, Voestalpine AG, an Austria-based manufacturer of high-quality steel products acquired Selco s.r.l. for an undisclosed amount. With this acquisition, voestalpine Böhler Welding would further expand its market position after the launch of the welding machine series. Selco s.r.l is an Italy-based manufacturer of welding machines. Moreover, In March 2020, voestalpine Böhler Welding, a Germany-based company providing welding consumables including joint welding, maintenance, repair, overlay welding, and brazing, as well as welding equipment and accessories acquired a majority stake in the Selco s.r.l. With this acquisition, voestalpine Böhler Welding would further expand its market position by the launch of the welding machine series in its "Böhler Welding" brand. In addition to strengthening their position as welding solution providers, Selco s.r.l. coordinate a combination of welding consumables and welding machines for voestalpine Böhler Welding. Selco s.r.l, an Italy-based manufacturer of welding machines   . In August 2021, Indutrade AB, a Sweden-based industrial valve manufacturing company, acquired Advance Welding for $5.55 million. This acquisition complements Indutrade and allows further growth in the utility market and wastewater segment. Advance Welding is a UK-based company that designs and manufactures electrofusion welding equipment for utility companies. Major players in the welding consumables market are Lincoln Electric Holdings Inc., Illinois Tool Works Inc., Air Liquide S.A., Hyundai Welding Co. Ltd., WB Alloy Welding Products Limited, Hermann Fliess & Co. Gmbh, Voestalpine AG, FSH Welding Group, Industrial Welding Corporation, Gedik Welding Inc., Italfil Spa, Precision Weldarc Limited, Welmet Technologies Private Limited, and Yenitek Corporate Group. Asia-Pacific was the largest region in the welding consumables market in 2022. The regions covered in the welding consumables report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the welding consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The welding consumables market consists of sales of stick electrodes, solid wires, flux-cored wires, SAW wires, fluxes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global welding consumables market is segmented - 1) By Type: Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires, and Fluxes 2) By Consumables: Stick Electrodes, Gases, Strip Cladding Electrodes, Submerged Arc Wires and Fluxes, Wires, Other Consumables 3) By Welding Type: Arc Welding, Energy Beam Welding, Plasma Arc Welding, Submerged Arc Welding, Electro Slag Welding, Resistance Welding, Other Welding Types 4) By Application: Heavy Engineering, Automotive and Transportation, Railways, Construction, Shipbuilding, Other Applications

Welding products refer to the materials or consumables that are used to carry out the welding process to create parts and finished products for a wide range of industries. These are the products that use a filler material in the welding process for joining metals such as stainless steel, aluminum, nickel, and copper alloys, cobalt, and titanium. The main product types in welding products are stick electrodes, solid wires, flux-cored wires, saw wires and fluxes, and others. Stick electrodes are consumable used for repairing work and they are self-shielded and cut down on the amount of equipment needed. The different types of technologies include arc welding, resistance welding, oxy-fuel welding, laser beam welding, others and is implemented in various verticals such as the automobile and transportation sector, building and construction, marine, and others. The welding products market research report is one of a series of new reports from The Business Research Company that provides welding products market statistics, including welding products industry global market size, regional shares, competitors with a welding products market share, detailed welding products market segments, market trends and opportunities, and any further data you may need to thrive in the welding products industry. This welding products 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 global welding products market size grew from $14.96 billion in 2022 to $16.37 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The welding products market size is expected to grow to $22.11 billion in 2027 at a CAGR of 7.8%. The rapid expansion of the construction sector is expected to propel the growth of the welding products market in the forecast period. The construction sector is a very diverse industry that includes various activities such as infrastructure, buildings, and maintenance. Welding is mostly used in the production of structural frameworks from metal components. Welding is used for joining trusses, footers, steel I-beams and columns that maintain a building's walls, roof, and floors. For instance, according to the Intercontinental Exchange (ICE), a US-based technology company the global construction sector is expected to grow to $8 trillion by 2030. Therefore, the rapid expansion in the construction sector drives the growth of the welding products market. Technological advancement in welding products is a key trend gaining popularity in the welding products market. The key players in the welding products market are developing technologically advanced products with improved impact wear resistance and combined abrasion to meet industrial requirements. For instance, in July 2022, Vitesco Technologies, a Germany-based automotive supplier for drivetrain and powertrain technologies, launched new green laser equipment, a new laser welding technology for sustainable manufacturing. Depending on the application, the use of green lasers can cut energy consumption by up to 20% and the CO2 footprint per laser-welded joint when compared to infrared laser systems, which have been the industry standard in copper welding up until now. In November 2022, Manufacturing Technology, Inc., (MTI), a US-based contract precision manufacturer, acquired Friction Welding Technologies Pvt. Ltd. (FWT) for an undisclosed amount. The acquisition enables MTI to broaden their product line and global reach with the addition of 40,000 square feet of space in India. The acquisition gives FWT more resources to grow their position in the markets they now serve. Friction Welding Technologies is an India-based direct drive friction welding company. Major players in the welding products market are The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oy, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., ESAB, and Ador Welding Ltd. Asia-Pacific was the largest region in the welding products market in 2022. The regions covered in the welding products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the welding products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The welding products market consists of sales of filler metals, TIG torches, ground clamps, and welding cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global welding products market is segmented - 1) By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires and fluxes, Other Products 2) By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Other Technologies 3) By Application: Automotive And Transportation, Building And Construction, Marine, Other Applications

Gas mixtures are a diverse group of products that are developed for use in specific industries. They have been used to improve the characteristics of many beverages, from wine to beer and soft drinks. These are created on-site by mixing two or more pure gases, or they are supplied as premixed products in different containers and cylinders. The gas mixture is used for welding and cutting and for laser processing. The main types of gas mixtures are oxygen mixtures, nitrogen mixtures, carbon dioxide mixtures, argon mixtures, hydrogen mixtures, specialty gas mixtures, and other mixtures. An oxygen mixture refers to gas blends containing between 50% and 95% oxygen. The manufacturing process includes air separation technology, hydrogen production technology, and others (pressure swing adsorption). The storage, distribution, and transportation involved cylinder and packaged distribution, merchant liquid distribution, and tonnage distribution. The various end-user industries involved metal manufacturing and fabrication, chemicals, medical and healthcare, electronics, food and beverage, and other end-user industries (glass, energy, and oil and gas). The gas mixtures market research report is one of a series of new reports from The Business Research Company that provides gas mixtures market statistics, including gas mixtures industry global market size, regional shares, competitors with a gas mixtures market share, detailed gas mixtures market segments, market trends and opportunities, and any further data you may need to thrive in the gas mixtures industry. This gas mixtures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global gas mixtures market size grew from $35.98 billion in 2022 to $38.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas mixtures market size is expected to grow to $51.53 billion in 2027 at a CAGR of 7.3%. Increased demand for electronics products is expected to propel the growth of the gas mixtures market going forward. Electronic products refer to software products made available through electronic media. The gaseous mixtures are used for microelectric manufacturing and semiconductor processing applications such as thin film deposition and also for insulation purposes. For instance, according to the United Nations Comtrade database on international trade, a US-based repository of official international trade statistics and relevant analytical tables, the United Kingdom's imports of electrical and electronic equipment increased to $61.76 billion in 2021, which was approximately $57 billion in 2020. Therefore, the increased demand for electronic products is driving the growth of the gas mixtures market. Product innovation is a key trend gaining popularity in the gas mixture market. Major companies operating in the gas mixtures market are focused on developing new products to strengthen their position. For instance, in January 2022, SuperFlash LLC, a US-based company operating in gas mixtures, launched its new mobile and compact gas analyzer, the GA300. The GA300 would allow for the analysis of gas mixtures for systems that do not have an integrated analyzer. Gas analysis is critical in various processes that include food, beverages, and a myriad of industrial manufacturing applications. The unique features of this product include mobility; ae light, sturdy, and low-maintenance product that is easy to use through clear menu option; and a digital LCD display that continuously monitors gas mixtures which is capable of monitoring up to 10 binary gas mixtures. In April 2022, Air Products, an industrial gases company, acquired Air Liquide for an undisclosed amount. This acquisition builds on many years of good experience working in and serving customers in the Middle East and supports the growth strategy for the region. Air Liquide S.A. is a French-based company operating in gas mixtures. Major players in the gas mixtures market are Linde PLC., Messer Group GmbH, Welsco Inc., NexAir LLC, Alpha Packaging Inc., Advanced Specialty Gases Inc., Airgas Inc., Air Products and Chemicals Inc., Solvay SA, Versium Materials Inc., Praxair Inc., Iwatani Corporation, Nippon Sanso Holdings Corporation, and Kanto Denka Kogyo Co Ltd. North America was the largest region in the gas mixtures market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this gas mixtures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the gas mixtures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The gas mixtures market consists of sales of homogeneous and heterogeneous gas mixtures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global gas mixtures market is segmented - 1) By Mixture: Oxygen Mixtures, Nitrogen Mixtures, Carbon Dioxide Mixtures, Argon Mixtures, Hydrogen Mixtures, Specialty Gas Mixtures, Other Mixtures (Rare Gas Mixtures) 2) By Manufacturing Process: Air Separation Technology, Hydrogen ProductionTechnology, Other Manufacturing Process (Pressure Swing Adsorption) 3) By Storage, Distribution, And Transportation: Cylinder and Packaged Distribution, Merchant Liquid Distribution, Tonnage Distribution 4) By End-Use Industry: Metal Manufacturing and Fabrication, Chemicals, Medical and Healthcare, Electronics, Food and Beverage, Other End-Users Industries (Glass, Energy, and Oil and Gas)

Industrial gases are gaseous materials that are produced for use in different industries, especially in manufacturing for metal fabrication processes such as welding, coating, heating, and cutting of metals. The industrial gases-metals and metal fabrication are used in the process of metal fabrication by manufacturing industries. The main types of industrial gases for metals and metal fabrication markets are oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, and others. Oxygen is used to improve efficiency and remove impurities in the iron manufacturing process. Oxygen is a gaseous material consisting of 20% of the earth’s atmosphere, highly chemically active gases with high oxidation effects, and combining properties with metals. The different functions include primary metal production and metal fabrication, and involve various transportation modes such as cylinder and packaged gas distribution, merchant liquid distribution, and tonnage distribution. The several end-uses include the metal industry, automotive, rail and shipping, aerospace and defense, heavy machinery, and others. The industrial gases-metal and metal fabrication market research report is one of a series of new reports from The Business Research Company 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 global industrial gases- metals and metal fabrication market size grew from $49.38 billion in 2022 to $54.1 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial gases- metals and metal fabrication market size is expected to grow to $73.59 billion in 2027 at a CAGR of 8.0%. The increase in automotive production is expected to propel the growth of the industrial gases-metals and metal fabrication markets going forward. The automotive industry refers to firms or organizations that are involved in designing, production, wholesaling, retailing, and maintenance of motor vehicles. Industrial gases play a vital role in automotive production by providing various applications in the manufacturing and processing of metals such as metal heating, welding, shielding, cutting, coating, and others. For instance, in February 2022, according to IBEF (Indian Brand Equity Foundation), an India-based government export promotion agency, the total production of passenger vehicles reached 1,860,809 units, including 3-wheelers and two-wheelers, in the year 2022, and automobile exports reached 4.13 million vehicles in the year 2021. Therefore, the increase in automotive production is driving the growth of the industrial gases-metals and metal fabrication markets. Partnerships and collaborations have emerged as the key trends gaining popularity in the industrial gases-metals and metal fabrication markets. Major companies operating in the market are making new partnerships and agreements to sustain their position in the market. For instance, in 2021, Air Liquide, a France-based company that manufactures industrial gases and provides gaseous technologies and services for industry and health, partnered with Eni for an undisclosed amount. With this partnership, Air Liquide enables the sustainable deployment of an extended network of hydrogen refueling stations in Italy. Also, this helps in the feasibility and sustainability studies and development of the low-carbon and renewable hydrogen supply chain. Eni is an Italy-based oil and gas company. Also, in February 2022, Air Water Inc., a Japan-based company that deals with industrial gas and water plants, signed a memorandum of understanding (MOU) agreement with Mitsui & Co. This partnership is aimed at expanding the industrial gas business in the global market. Mitsui & Co. is a Japan-based trading and investment company. In April 2022, Air Products Inc., a US-based company operating in industrial gases, acquired Air Liquide’s industrial gases business in the UAE and Bahrain for an undisclosed amount. Through this acquisition, Air Products Inc., aims to strengthen its product portfolio and expand its regional presence in the United Arab Emirates. Air Liquide is a France-based company that produces industrial gases. Major players in the industrial gases-metals and metal fabrication market 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, Vadilal Industries Ltd., Matheson Tri-Gas Inc., Gulf Cryo, Welsco Inc., Ellenbarrie industrial Gases, Sicgil india limited, Axcel Gases, and AGP Gas. Asia-Pacific was the largest region in the industrial gases-metals and metal fabrication market in 2022. The regions covered in the industrial gases-metals and metal fabrication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and 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. 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. The global industrial gases metals and metal fabrication market is segmented - 1) By Type: Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Other Types 2) By Function: Primary Metal Production, Metal Fabrication 3) By Transportation Mode: Cylinder And Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution 4) By End-User: Metal Industry, Automotive, Rail And Shipping, Aerospace And Defense, Heavy Machinery, Other End-Users

The industrial gases-glass industry refers to industrial gases that are produced and supplied in both gas and liquid form and are transported to customers in cylinders, as bulk liquid, or as pipeline gases. Industrial gas plays a major role in enabling manufacturers to make real savings, enhance production processes, meet increasingly strict emissions regulations and improve glass quality. The industrial gases-glass industry is used in a variety of industrial manufacturing processes for producing glass cost-effectively. The main types of industrial gases used in the glass industry are hydrogen, oxygen, nitrogen, argon, and acetylene. Hydrogen refers to a non-metallic gaseous chemical element. The main functions are forming and melting, atmospheric control, and finishing or polishing. The major transportation modes are cylinder and packaged gas distribution, merchant liquid distribution, and tonnage distribution. The various applications include container glass, float glass, fiberglass, and specialty glass. The industrial gases-glass industry market research report is one of a series of new reports from The Business Research Company that provides industrial gases-glass industry market statistics, including global market size, regional shares, competitors with an industrial gases-glass industry market share, detailed industrial gases-glass industry market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gases-glass industry. This industrial gases-glass industry 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 global industrial gases-glass industry market size grew from $3.5 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial gases-glass industry market size is expected to grow to $5.23 billion in 2027 at a CAGR of 8.2%. The increasing applications of glass in the construction sector are expected to propel the growth of the industrial gases-glass industry market going forward. The construction sector refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. Glass is now being used in the construction sector as an insulation material, structural component, external glazing material, and cladding material. The transmission of up to 80% of natural light, sound insulation, and thermal insulation are the key benefits of utilising glass in construction. For instance, In June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Therefore, the increasing applications of glass in the construction sector are driving the growth of the industrial gases-glass industry market. Technological advancement is a key trend gaining popularity in the industrial gases-glass industry market. Major market players are concentrating their efforts on creating advanced technologies in the industrial gas-glass industry market. For instance, In May 2022, SCHOTT, a US-based glass manufacturer, developed climate-friendly glass production using hydrogen. They are mainly concentrating on electrification based on hydrogen combustion and green electricity. Renewable energy-derived electricity is essential to both strategies. In August 2021, AW India, an India-based company, acquired Linde India's business of manufacture, sale, and distribution of oxygen, nitrogen, and argon operated in South India (South Region Divestment Business) for an undisclosed amount. AW India is expected to expand its overseas business in India with this acquisition. Linde India Business is a member of the Linde Group, an Ireland-based company engaged in the manufacturing of industrial and medical gases for various industries, including glass. Air Liquide SA, Air Water Inc., Gulf Cryo, HyGear, Messer Group GmbH, Praxair Inc., SIG Gases Berhad, Taiyo Nippon Sanso Corporation, The Linde Group, Yingde Gases, Saint Gobain, CRYOTECH Anlagenbau GMBH, Matheson Tri-Gas, Welsco Inc., and Air Products and Chemicals Inc are major players in the industrial gases-glass industry market. North America was the largest region in the industrial gases-glass industry market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this industrial gases-glass industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial gases-glass industry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The industrial gases-glass industry market consists of sales of gases and liquids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global industrial gases glass industry market is segmented - 1) By Type: Hydrogen, Oxygen, Nitrogen, Argon, Acetylene 2) By Function: Forming and Melting, Atmospheric Control, Finishing/Polishing 3) By Transportation Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution 4) By Application: Container Glass, Float Glass, Fibre Glass, Specialty Glass

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals 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 global chemicals market grew from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chemicals market is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End Userr: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered:, Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals