Welding Materials Market: Overview
Welding materials market may be mature owing to their use ever since industrial revolution, however, the market is still experiencing technological advancements, which is ensuring a continued growth of this industry. Welding processes are used extensively across various end-use industries such as automobiles, manufacturing, marine, offshore, and building and construction. This is leading to a growth in the global welding materials market. The process of welding makes use of coalescence to join metals or thermoplastics. The welding materials market primarily comprises welding equipment, accessories, and welding consumables. Some of the materials used for welding process, include solid wires, stick electrodes, SAW wires and fluxes, flux-cored wired, and gases.
The report is a comprehensive analysis of key driving factors and obstacles faced by players in the global welding materials market. It is collated by expert analysts who make predictions based on the historical and present state and size of the market. The report segments the market on the basis of key criteria and gives information such as leading, declining, and fastest growing segments. Information regarding the degree of competition, threat of new entrants, bargaining power of buyers, threat of substitutes, and bargaining power of suppliers has been included in the report. Thus, the report is enriched with key information which proves to be very fruitful for companies wishing to invest in the welding materials market.
Welding Materials Market: Trends and Opportunities
While the arc welding segment has been leading in the market, other technologies such as laser beam and resistant welding are also gaining popularity for specific applications for their ability to perform deep weld penetration and owing to their minimal size. The demand for welding materials is expected to continue to grow as welding is the only joining technique that can be used for applications such as space and underwater. For instance, welding is essential for repairing ships, pipelines, and offshore oil platforms. In marine applications, underwater welding is an emerging application. Additionally, it is used by end-user industries in repair and maintenance operations. Welding joints provide fatigue and corrosion resistance, and strength, boosting the welding materials market. The transportation and automobile industry is one of the biggest consumers of welding materials, thus driving the market.
Market: Geographical Analysis
By geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Asia Pacific is expected to continue to lead in the welding materials market with countries such as China and India as leading markets in the region. A surge in construction activities, including residential and non residential projects is one of the reasons behind the growth of the Asia Pacific welding materials market. The growing transportation sector and support from government to promote the manufacturing sector are some of the other factors boosting the Chinese and Indian welding materials market. The European and North American markets have a lack of skilled labor in the welding industry and thus experiencing sluggish growth.
Companies Mentioned in the Report
Some of the key manufacturers of welding materials are: The Linde Group, Lincoln Electric Holdings, Inc., Ador Welding Limited, Colfax Corporation, Illinois Tools Works Inc., Praxair Incorporated, ESAB, Air Liquide S.A., and Air Products and Chemicals, Inc. The report gives a detailed analysis of each of the company’s recent developments and strategic business moves for business expansion. The business and financial overview of companies and the challenges faced by them are a part of the competitive landscape section of the report.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.