Market Analysis:
The global welding materials market is projected to have a remarkable growth at a stellar CAGR over the predicted years (2017-2023). Welding materials are nonmetallic materials used to join metals and thermoplastics. The materials are joined via causing fusion of two varied materials and at high temperatures. During the welding procedure, the base metal will be melted while a filler material added to offer the base metal with additional strength. Welding processes are extensively used in different end-use industries including construction, offshore, marine, manufacturing and automobiles. Some of the widely used materials in this process include gases, flux-cored wired, SAW fluxes and wires, stick electrodes and solid wires.
Welding processes is generally used for pressure vessel fabrication, building structure, railway coaches, railway tracks and building bridges. When it comes to types, welding processes are of various types namely thermite welding, resistance welding, gas arc metal welding and others. Gas arc welding is utilized in construction of pipelines and aerospace building. Plasma arc building is utilized in instrument manufacturing and tubing. Termite welding is utilized for joining railway tracks and resistance welding in automobile industry
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Top Key Players:
- Gedik Welding
- Tianjin Bridge Welding Materials Group Co., Ltd
- The Lincoln Electric Company
- Praxair Technology
- The Linde Group
- Illinois Tool Works
- Colfax Corporation
- Air Products and Chemicals
- Air Liquide
- Ador Welding
Industry News:
Jan 2019- Engineers from UCLA Samueli School of Engineering of late have developed a means of welding the alloy, AA 7075 through nanotechnology. Through this technology, researchers also produced welded joints with tensile strength measuring approximately 392 megapascals. Besides, this alloy has been utilized for products which do not need joining such as rock-climbing carabiners and smartphone frames.
Market Segmentation:
MRFR report offers a broad segmental analysis of the welding materials market on the basis of type, technology and end-use industry.
Based on type, it is segmented into gases, fluxes and wires, electrode and filler material and others. Of these, electrode and filler material will have the largest share in the market over the predicted years.
Based on technology, the welding materials market is segmented into oxy-fuel welding, resistance welding, arc welding and others.
Based on end-use industry, it is segmented into power, oil and gas, marine, construction, automotive and transportation and others. Of these, automotive and transportation will lead the market.
Regional Analysis:
By region, the Welding Materials Market cover growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa. Of these, the APAC region will remain at the crest owing to growing need for welding materials in leading end-use industries including marine, construction and automotive. Besides the governments in the region’s developing countries namely China, India and South Korea are integrating their transportation systems and laying emphasis on infrastructure development. In North America, the welding materials market will have the second major share with the US being the highest contributor.
Factors resulting in the market growth in this region include growing need for welding materials especially in the marine industry and increasing reconstruction activities. Europe is a significant region and the major contributors here include the UK, Spain, Italy, Germany and France. The automotive as well as aerospace industries here are the leading consumers of welding materials that is propelling the market growth. On the other hand, the welding materials market in the Middle East and Africa and Latin America are likely to have a considerable growth owing to rapid industrialization.
Intended Audience
- Welding materials manufacturers
- Traders and distributors of welding materials
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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