Welding Materials Industry 2019
Description:-
The global welding materials market is estimated to reach USD 22.8 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Welding Materials Market Share, Size, Trends, & Industry Analysis Report, By Type (Fluxes & Wires, Electrode & Filler Materials); By Technology (Resistance Welding, ARC Welding, Ultrasonic Welding); By End-User, By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the automotive and transportation segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
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The increasing automation in various industrial processes, and use of welding materials in diverse applications such as construction, automotive, and aerospace among others is expected to support the market growth. Increasing use of welding materials in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include increasing investments in energy infrastructure, industrialization, improving aesthetics of welds, urbanization, and growing development of new filler metals to improve purity. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the welding materials industry during the forecast period.
Welding electrodes are developed from electrically conductive material, and are capable of conducting electric current to the weld. Consumable electrodes provide the filler metal of the weld puddle, and include welding wires, rods, plates, strips, wires and tapes, and combination electrodes. Consumable electrodes include a variety of metals and alloys such as steel, aluminum, titanium, and copper. Non-consumable electrodes include rods and electrodes used in resistance welding.
Asia-Pacific generated the highest revenue during 2018, and is expected to lead the global market throughout the forecast period. The presence of established industries such as manufacturing and automotive, substantial initiatives in research and development, and increasing automation of industrial processes drive the market growth. Rapid industrialization and growth of construction industry further strengthen the welding materials industry in the region. The increasing sale of passenger vehicles, coupled with increasing infrastructure development in countries such as China, and Japan increases the adoption of welding materials in the region.
The well-known companies profiled in the report include Air Products And Chemicals, Inc., Praxair Technology, Inc., Tianjin Bridge Welding Materials Group Co., Ltd., The Lincoln Electric Company, Illinois Tool Works Inc., Ador Welding Ltd., Hyundai Welding Co., Ltd., Taiyo Nippon Sanso Corporation, Fronius International GmbH, Miller Electric Mfg. LLC, Iwatani Corporation, and Colfax Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.
Welding Materials Type Outlook (Revenue, USD Billion, 2015 – 2026)
Fluxes & Wires
Electrode & Filler Materials
Gases
Accessories
Others
Welding Materials Technology Outlook (Revenue, USD Billion, 2015 – 2026)
Resistance Welding
Arc Welding
Ultrasonic Welding
Oxy-Fuel Welding
Laser Beam Welding
Others
Welding Materials End User Outlook (Revenue, USD Billion, 2015 – 2026)
Automotive and Transportation
Power
Oil and Gas
Construction
Manufacturing
Others
Welding Materials Regional Outlook (Revenue, USD Billion, 2015 – 2026)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
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Table Of Contents – Major Key Points
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Welding Materials Market Insights
3.1. Welding Materials – Industry snapshot
3.2. Welding Materials – Ecosystem analysis
3.3. Welding Materials Market Dynamics
3.3.1. Welding Materials – Market Forces
3.3.1.1. Welding Materials Market Driver Analysis
3.3.1.2. Welding Materials Market Restraint/Challenges analysis
3.3.1.3. Welding Materials Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Welding Materials Market PEST Analysis
3.6. Welding Materials Market Value Chain Analysis
3.7. Welding Materials Industry Trends
3.8. Competitive Ranking Analysis,
4. Welding Materials Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings
4.2. Fluxes & Wires
4.3. Electrode & Filler Materials
4.4. Gases
4.5. Accessories
4.6. Others
5. Welding Materials Market Size and Forecast, 2018-2026 by Technology
5.1. Key Findings
5.2. Resistance Welding
5.3. Arc Welding
5.4. Ultrasonic Welding
5.5. Oxy-Fuel Welding
5.6. Laser Beam Welding
5.7. Others
Continued……
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