Welding Materials Global Market Overview:-
Welding is one of the important fabrication processes in which different parts of metal or thermoplastic are joined together. The welding process causes the high-temperature fusion of metal parts without melding the base metal. Welding is different from brazing and soldering, which involve low-temperature metal joining. Generally, this process includes the filler material, which is added at the point of joining in order to pool the metal parts. The addition of welding material in the form of joint pool or weld pool provides immense strength to the structure. Usually, the point of joint is stronger than the base materials or metals.
The welding process requires a shield that protects the filler materials or melted metal parts from oxidation and contamination. The welding process involves various energy sources such as gas flame, electric arc, laser beam, friction, or ultrasound. The process and material of welding determine the cost, from inexpensive arc and oxy-fuel welding to the highly expensive laser and electron beam welding. The most common types of welding materials are electrodes, fillers, fluxes, wires, and gases, among others.
Welding Materials Global Market Key Players:-
Air Products and Chemicals Inc., Illinois Tools Works Inc., Sandvik AB, Praxair Incorporated, Air Liquide S.A., Colfax Corporation, The Linde Group, Lincoln Electric Holdings, Inc., and Tianjin Bridge Welding Materials Group Co., Ltd
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With the presence of several large and small market players; the global market of Welding Materials appears to be highly fragmented in nature. A few large companies manufacture and supply Machinery, filler materials, and accessories for the various welding processes. A number of smaller companies around the globe specialize in items such as welding torches, welders’ helmets, hammers, marking equipment, welding screens, special fluxes, etc. To maintain their market positions; Manufacturers need to meet the changing demands of their customers, competing with other manufacturers, and complying with government regulations. They continually concentrate on developing a new generation of improved, high-value-added products.
Segmentation:-
The global welding materials market has been segmented on the basis of type, technology, end-use industry, and region.
On the basis of type, the market has been divided into electrode & filler material, fluxes & wires, gases, and others.
Based on technology, the market has been classified as arc welding, resistance welding, oxy-fuel welding, and others.
By end-use industry, the global welding materials market has been segmented into automotive and transportation, building and construction, marine, oil & gas, power, and others.
The market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Welding Materials Market Regional Analysis:-
APAC is the largest as well as the fastest growing market for Welding Materials, followed by North America and Europe. The share of APAC is attributed to the huge demand for welding materials in the regions of China, Japan and India. The largest consumers of these materials are transportation & automobile industry, which are growing rapidly in these emerging nations. The demand is further fueled by the construction industry in the region. There is been a lot of investment in infrastructure due to fast urbanization and industrialization. All the steel consuming industries by far require the welding technology which augments the market in APAC for welding materials.
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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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