{"id":139766,"date":"2017-08-30T20:08:01","date_gmt":"2017-08-30T20:08:01","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=139766"},"modified":"2017-08-30T20:08:01","modified_gmt":"2017-08-30T20:08:01","slug":"welding-materials-market-global-application-classification-revenue-growth-rate-opportunities-and-forecast-20172022","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/welding-materials-market-global-application-classification-revenue-growth-rate-opportunities-and-forecast-20172022_139766.html","title":{"rendered":"Welding Materials Market \u2013 Global Application, Classification, Revenue, Growth Rate, Opportunities and Forecast 2017-2022"},"content":{"rendered":"
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“Welding Materials Market”<\/div>\n<\/div>\n<\/div>\n
Global Welding Materials Market Information by Type (Electrodes, Flux & Wires, Gases, and others) by Application (Construction, Transportation, Oil & Gas, Power, and others) and by Region – Forecast to 2022<\/div>\n

Synopsis of the Global Welding Materials Market:<\/strong><\/p>\n

Market Scenario:
<\/strong>The Market for Welding Materials is driven by the increasing demand for such materials from the transportation, manufacturing, and building & construction industries. The market is highly application based and is dominated by demand from the end-use industries. It is used extensively in all the processes that consume steel across various industries.<\/p>\n

Electrode accounts for the largest share in the Welding Materials Market<\/strong><\/a> by type in 2015. The market for electrodes is highly driven by its demand and cost effectiveness across various applications. The trend is expected to be similar by 2022. The market is expected to grow rapidly both in value and volume.<\/p>\n

Furthermore, Transportation is leading the Welding Market by application due to high demand for Welding Materials from the automobile industry. Welding technology is used in almost every step of automobile manufacturing. The largest and fastest growing region is seen as APAC with increasing consumption of such materials across all the industries. The Global Welding Materials Market is expected to cross USD 16 Billion by 2022. The market is expected to grow at a CAGR of approximately 5% in the forecasted period.<\/strong><\/p>\n

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Study Objectives of Global Welding Materials Market:<\/strong><\/p>\n