Latest Research Report on Welding
Consumables Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Welding
Consumables prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Welding Consumables Market
Report by Material, Application, and Geography – Global Forecast to 2025 is a
professional and in-depth research report on the world’s major regional Welding
Consumables Market conditions, focusing on the main regions (North America,
Europe and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/welding-consumables-market-size/request-sample
The welding consumables
market includes welding equipment consumables, and services. Welding
consumables are materials such as alloys, minerals and metals that are used to
amalgamate thermoplastic and metal components. Welding consumables account for
the lions share of the global welding industry in terms of profits compared to
equipment and services. Technological advancement of welding methods is
expected to drive the market growth over the forecast period. The global market
has been facing dramatic change to flux and solid cored wired from electrodes
owing to advanced production efficiency in welding consumables. Growing
Innovation in developing new techniques for welding is anticipated to boost the
market growth and create opportunities over the next few years. Increasing
demand owing to growing in residential and commercial building constructions is
estimated to positively impact and can attributed as the major driving factor.
Increasing demand from
growing end use industries including transportation, mainly in emerging
economies such as China, India, Thailand, and Singapore is expected to propel
the global welding consumables market over the forecast period. Growing
population along with increase in disposable income of people can be attributed
to the aforementioned driver. New Infrastructural projects coupled with
government investment to develop cities is anticipated to drive the market
demand for global welding consumables. Welding steel plays a major role in the
global market owing to high demand and need of steel in various industrial and
manufacturing processes.
Welding is extensively used
in metal and steel industries for fabrication processes. The impact of welding
process on the metal sector is dependent on the total parts manufactured in the
process. Industries are expected to prefer welding process over other
conventional fabrication process including soldering and brazing, since they
are more efficient, offer higher product strength and accounts for less
production cost.
Lack of Skilled labor in
industries pertaining to handling the welding products coupled with high labor
cost is expected to pose a major challenge and restraint for the market growth
over the forecast period. Based on the product type, the welding consumables
market has been segmented into solid wires, stick electrodes, saw wires and
fluxes, flux cored wires. Stick electrodes segment holds the largest market
share in the global industry owing to high demand and prevalence of welding in
regions including Africa and Middle East. These electrodes are mainly used as a
low cost alternative for welding process Wires and fluxes are expected to
witness significant growth rate over the forecast period owing to increasing
demand from consumer appliances and automotive segments. Flux-cored wires
provide clean and strong welds, and high deposition rate. Efficient performance
and higher productivity of wires and fluxes is estimated to be the key factors
driving the market growth.
On the basis of
application, the market has been classified into building & construction,
automotive & transportation, defense & aerospace, and marine
applications. Building and construction is expected to dominate the global
market owing to increasing infrastructure projects and manufacturing
industries. Regional initiatives such as Make in India campaigns are expected
to boost the manufacturing sector in the country thereby resulting in an
increased demand for welding processes. Automotive and transportation is
expected to witness significant growth rate owing to increasing technological
developments and launch of new vehicles into the market. Increasing investments
in oil & gas and energy sectors is estimated to propel the global welding
consumables market
Asia pacific is expected to
hold the largest market in the global industry owing to high prevalence of end
use industries. Growing manufacturing sector coupled with government
initiatives is expected to be the major factor driving the market growth in
this region. Africa and Middle East is anticipated to witness high growth rate
owing to raw materials availability and increasing automotive industry demand.
Key market vendors in the
global welding consumables market include Lincoln Electric, ESAB, Vorarc
Welding CC, Illinois Tool Work, and Promax Welding. Other industry participants
include DAIHEN Corporation, Obara Corporation, Kiswel Inc, Kobe Steel Limited,
Royal Arc Electrodes Limited, Arcsel LLC, and Corodur Fulldraht GmbH
The key market players have
developed their own distribution networks, as distribution is a critical
success factor in this industry. For instance, ESAB, Voestalpine, and Lincoln
Electric have a network of independent distributors and wholly owned
subsidiaries to supply finished consumables to end-users in the country.
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