TIG Welding Market by Material (Stainless Steel, Aluminium, Nickel, Nickel alloys), by Application (Offshore Sites, Heat & Power Plants, Petrochemical, Automotive, Chemical, Nuclear, Industrial Machinery, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The TIG Welding Market size was valued at USD 11.58 USD billion in 2023 and is projected to reach USD 28.75 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. TIG (Tungsten Inert Gas) welding – This is also referred to as Gas Tungsten Arc Welding (GTAW) and is characterised by a non consumable tungsten electrode used in the process. Instead, it has an inert gas, argon or helium as filler and this serves to safeguards the weld area from the atmospherical impurities. There are two primary types: AC TIG welding which is mostly preferred for welding of aluminum and magnesium and secondly DC TIG welding which is appropriate for metals such as steel and stainless steel. Some of the characteristics of TIG welding include; The ability to fully control the weld bead, Since the method does not involve the use of a filler metal it produces high quality and clean welds with little spatter and is suitable for various thickness of the metal. It is used in aerospace, automobile, and manufacturing industries in the areas that require shape accuracy and high quality welds.
TIG Welding Trends
Material
Application
This report provides comprehensive coverage of the TIG welding market, including:
The TIG welding market is dominated by North America and Europe, followed by Asia-Pacific. Emerging economies in Asia-Pacific, such as China and India, are expected to witness significant growth in the coming years due to increasing industrialization and infrastructure development.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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