Welding Materials Market Growth, Research by Size, Manufacturers, Consumption, Revenue and Growth Rate till 2030
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 Growth is anticipated to expand at the notable rate during the
forecast period of 2022-2030.
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 Size 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 Growth 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 growth 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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