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Published Date: 2014-12-19Number of Pages: 91

Welding Consumables Market - EMEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

EMEA Welding Consumables Market: Snapshot

The growth in the construction activities is a key factor boosting the demand for welding consumables. Industrialization and urbanization in the developing nations of the Middle East and Africa region is anticipated to drive the market for welding consumables in the years to come. A high growth can be seen in the automobile industry across the European and the Middle Eastern region and since this is one of the key application areas of welding consumables, the market for the same will witness a remarkable growth. The development of advanced welding technologies and the adoption of the same, extensively in European countries, will push the growth of the market for welding consumables. However, slow adoption of advanced welding technologies in the under developed nations of Africa shall pose a challenge for the growth of the market.

Shortage of Skilled Labor to Drive Demand for Welding Automation Technology

The growing need for welding automation technology can be felt, especially in fabrication. This will be a key factor fueling the growth of the welding consumables market across EMEA. The demand for welding automation technology is also high from manufacturing industries, on account of the shortage of skilled labor. High price of labor is another important factor pushing the demand for welding automation technology, especially in the developed nations of Europe. 

Fabrication and Maintenance Applications Create Demand for Welding Consumables

Welding consumables products are now in demand from applications such as maintenance and fabrications. These products are also witnessing high demand from applications that involve repairing solutions and joining. The wide use of welding consumables across ship building industries in the EMEA region will also help push the market to grow. In addition to this, they are being used in energy and transportation sectors. The construction industry in the Middle East is witnessing a tremendous growth in the recent past and this is responsible for the growth in the demand for welding consumables in the region. Many construction projects are in the pipeline in Saudi Arabia and other GCC states. This in turn is expected to fuel the demand for welding consumables in the coming years as well. Moreover, upcoming and new projects oil and gas industry as well as the metals and mining sector will propel the demand for welding consumables. 

High Prevalence of Manual Welding Service to Drive Demand for Electrodes in MEA 

Among the various types of welding consumables such as stick electrodes, solid wires, SAW wires and fluxes, and flux-cored wires, the demand for stick electrodes will see a high demand in the Middle East and Africa. On account of the high prevalence of manual welding services in this part of the world, the demand for electrodes is high. In addition to this, the cost of electrodes is low and thus, in more demand. It is estimated that the demand for wires and fluxes will be high in the developed nation of Europe.

European Welding Consumables Market Approaching Saturation Level

While in the past Europe may have held a high share in the welding consumables market, it is not so now. The European market for welding consumables is approaching stagnation and shall see little rise in the sale of these products. The highly developed automobile industry will however, bring much revenue to Europe’s welding consumables market. The Middle East is anticipated to acquire a larger share of the pie in the years to come, fueled by the high investments in oil and gas sector.

The welding industry comprises welding equipment, welding consumables and welding services. Welding consumables account for a significant share of the welding industry compared to welding equipment and welding services. The welding consumables industry has been experiencing a shift from electrodes towards solid wires and flux-cored wires, due to higher production efficiency of the latter. Advantages such as high deposition rates are likely to boost demand for flux-cored wires, especially in Europe.
 
The research study analyzes, estimates and forecasts the welding consumables market in Europe, Middle East and Africa (EMEA). Estimates and forecasts of the welding consumables market are provided in terms of volume (Kilo Tons) and revenue (US$ Mn). The study segments the welding consumables market based on product type, applications and key regions. Major product types included are stick electrodes, solid wires, magnesium, flux-cored wires, SAW wires & fluxes, and others such as gases. Key application segments included in the welding consumables study are automobile & transportation, building & construction, marine applications and other applications such as repair & maintenance and pipelines. Product and application segments are further provided for Europe, the Middle East and Africa.
 
Industry analysis in the research study provides a comprehensive understanding of each player in the value chain of the welding consumables market. The study focuses on key driving and restraining factors in the welding consumables market, with impact analysis of each factor. Industry analysis also provides opportunities for the welding consumables market in the near future. The research study analyzes competition in the welding consumables market with the help of Porter’s Five Forces analysis model. Industry analysis also provides production capacities of various manufacturers of welding consumables in EMEA.
 
The report profiles key companies in the welding consumables market such as ESAB, Lincoln Electric, Voestalpine AG, Illinois Tool Works, Air Liquide, Welding Alloys Ltd, Castolin Eutectic, AFROX, Tianjin Golden Bridge Welding Materials Group Co., Ltd, Vorarc Welding CC, Promax Welding Consumables (PTY) Ltd., Kobe Steel, Ltd., IASF S.p.A., Arcsel LLC and Corodur Fülldraht GmbH. Company profiles include parameters such as company overview, company headquarters, key competitors, product portfolio, key end-users, financial overview, business strategies and recent developments. 
 
Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities. Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases, and relevant patent, regulatory databases, national government documents, statistical databases and market reports, news articles, press releases and webcasts specific to companies operating in the market. Secondary research sources referred for the study of welding consumables are Welding Design website, Total Materia, company websites, investor presentations and annual reports of companies.
 
The report segments the welding consumables market in EMEA as:
  • Welding Consumables Market - Product Segment Analysis
    • Stick electrodes
    • Solid wires
    • Flux-cored wires
    • SAW wires and fluxes
    • Others (Including gases, etc.)
  • Welding Consumables Market - Application Analysis
    • Automobile & transportation
    • Building & construction
    • Marine
    • Others (Including repair and maintenance, etc.)
  • Welding Consumables Market - Regional Analysis
    • Europe
    • The Middle East
    • Africa


 
 
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