Global Welding Materials Market Current Scenario 2019 | Big Data Analysis, Growth Factors, Emerging Trends, Industry Expansion Strategies By 2027
Market Overview:
Welding is one of the important fabrications and
sculpturing processes which is carried out to join metals and thermoplastic
materials. Electrodes, fillers, wires, fluxes, gases and others are some common
types of welding materials. As per the report published by Market Research
Future (MRFR), the global welding materials market is anticipated to expand at
the notable rate during the forecast period of 2018-2023.
Market Drivers and Restraints:
The process of welding offers strength and durability
to the metal or thermoplastic structure. Hence, it is extensively used in the
construction and automotive industry. The rapid increase in construction
activities in order to carry out infrastructural developments in various region
of the world is projecting to propel the growth of the global welding materials
market. Increasing demand for automotive is inducing high need for welding
materials in the automotive industry, which in turn is fueling the expansion of
the global welding materials market.
Increasing demand for lightweight, durable and stiff
structures in the marine and aerospace industry is positively influencing the
growth of the global welding materials market. However, high risk of on-site
accidents and need for skilled labors are likely to hamper the growth of the
global welding materials market during the forecast period.
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Market Segmentation:
The global welding materials market has been segmented
on the basis of type, technology and end-use industry. Based on type, the
welding material market is segmented into electrode and filler material, fluxes
and wires, gases, and others. The electrode and filler material segment is
anticipated to capture a major share in the global welding materials market.
Based on technology, the welding materials market is
segmented into arc welding, resistance welding, oxy-fuel welding and others.
Among these, the arc welding segment is anticipated to account for the largest
share in the global welding material market by the end of the forecast period.
Based on end-use industry, the welding materials
market is segmented into automotive and transport, building and construction,
marine, oil and gas, power and others.
Regional Analysis:
The global welding materials market is geographically
segmented into five major regions such as North America, Europe, Asia Pacific,
Latin America and the Middle East and Africa. The welding materials market in
the Asia Pacific region accounts for the major share in the global welding
materials market owing to the high demand for welding materials in various
end-use industries such as automotive, construction and marine industry. Rapid
infrastructural development and government initiative to improve the
transportation system are fueling the growth of welding materials market in
this region.
The increasing construction activities and rising
demand for welding materials in the marine industry are leading to the
significant growth of welding materials market in the North America region.
Rapid expansion of aerospace and automotive industries is impacting positively
on the growth of the welding materials market in the Europe region. Rapid
industrialization is likely to propel the growth of the welding materials
market in the Latin America and the Middle East and Africa regions during the
forecast period.
Industry Updates:
In January 2018, Fronius And Voestalpine Böhler
Welding has inaugurated its new Application Technology Center in Dubai.
Key Players:
The prominent players profiled by MRFR in the report
on the global welding materials market are Ador Welding Ltd. (India), Air
Liquide (France), Air Products and Chemicals, Inc. (the U.S.), Colfax
Corporation (the U.S.), Illinois Tool Works Inc. (the U.S.), The Linde Group
(Germany), Praxair Technology, Inc. (the U.S.), The Lincoln Electric Company
(the U.S.), Tianjin Bridge Welding Materials Group Co., Ltd. (China), and Gedik
Welding (India).
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