Welding Products Market: Introduction

The global welding products market was valued at ~US$ 21.8 Bn in 2018 and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Rapid development in infrastructure and urbanization are key factors stimulating the expansion of the global welding products market over the assessment tenure. Welding technology find increased use in the making of buildings, bridges, pipelines and various other engineered projects across the globe.

 

Request for Covid-19 Impact Analysis on Welding Products Market: https://www.transparencymarketresearch.com/Covid19.php

 

Key Drivers of Welding Products Market

Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products.

Automotive and Building & Construction to Foster Welding Products Market Growth

Construction industry has been flourishing for quite some time now and has evolved at a drastic pace. Urbanization due to ever expanding population has mounted pressure for more residences to be built. Rising demand for buildings is likely to trigger growth of the global welding products market over the assessment timeframe.  Changes in automobile designs and rise in demand for automobiles, especially in developing countries, are likely to drive the global welding products market. Additionally, repair and maintenance of automobiles is projected to add to the global demand for welding products.

 

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

 

Arc Welding Technology to Lead Welding Products Market

Key technology segments of welding products include arc welding, resistant welding, oxy-fuel welding and laser beam welding. The versatility of arc welding technique plays a key role in its overall appeal to end-users, thereby challenging the market share of other welding technology segments. Arc welding accounted for more than 40% of the global welding products market in 2018.

Shielded metal arc welding (SMAW), gas metal arc welding (GMAW) also known as metal inert gas (MIG) or metal active gas (MAG) welding, and gas tungsten arc welding (GTAW welding) are the commonly used arc welding techniques.

 

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/850

 

Stick Electrodes to Dominate Welding Products Market

Welding consumables account for larger share of the global welding products market. Electrodes and filler metals are the key consumables used in different welding processes. Molten melt tends to spill out during the process of out-of-position welding. Electrode helps avoid the spill through fast freezing deposit. Stick electrodes are commonly used in the shielded metal arc welding (SMAW) process. Solid wires accounted for the second largest market share in the welding consumables market in 2018. The use of solid wires has been growing with increase in the use of high-performance alloys in these wires.

Purchase Premium Research Report on Welding Products Market @ https://www.transparencymarketresearch.com/checkout.php

 

Asia Pacific Dominates Welding Products Market

Growth of the Asia Pacific is attributed to demand for arc welding in the numerous industries including building and construction, automobile, and manufacturing. Presence of numerous manufacturing firms across emerging countries including India and China is expected to fuel demand for welding products market. China, Japan, and India were key contributors to the welding products market in Asia Pacific in 2018. Small welding consumable suppliers are mushrooming in China, due to rise in demand for welding products in building & construction and automobile application segments.

Top Players Focus on New Product Offering with Advanced Technology

Some of the key players operating in the global Welding Products market are ESAB, Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric, Amada Miyachi America, Inc., Arcon Welding Equipment, LLC, Obara Corporation, and DAIHEN Corporation. The global welding products market is moderately concentrated, with the top three players accounting for more than 32% of the market in 2018.  In 2019, Lincoln Electric introduced POWER MIG 360MP welder, which has advanced features ideal for metal fabrication, maintenance and repair, and auto body and light industrial applications. The company offers an inverter-based arc welding power source for AC/DC TIG and stick welding.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

 

Global Welding Products Market: Research Scope

Welding Products Market, by Consumables

  • Stick Electrode
  • Solid Wires
  • Flux-cored Wires
  • SAW Wires & Fluxes
  • Gases

Welding Products Market, by Technology

  • Arc Welding
  • Resistance Welding
  • Oxy-fuel Welding
  • Laser-beam Welding
  • Ultrasound Welding

Welding Products Market, by Application

  • Automobile & Transportation
  • Building & Construction
  • Marine
  • Repair & Maintenance

Welding Products Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • K.
    • Rest of Europe
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

 

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

 

Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry, 

Vinyl Flooring Market – The steep rise in the number of infrastructure projects across the globe is the biggest driver of the global vinyl flooring market. Developing nations are increasingly investing in industries, residential complexes, offices, hospitals, and educational institutions. Further, the growth in the volume of renovation projects in developed nations is also a massive booster for the global vinyl flooring market. Vinyl flooring is considered a resilient material. Its durability, low maintenance, and reduced price has made it one of the most-preferred flooring option. Further it is water resistant and easy to clean. Its potential to improve air quality makes them ideal for healthcare and educational buildings. All such USPs are believed to be fuelling the global vinyl flooring market.

 

Industrial Water Treatment Chemicals Market – The demand within the global industrial water treatment chemicals market has been rising on account of the growing need for potable water. Industrial waste poses a severe threat to the environment, and several environmentalists have pointed to the need to reduce the toll of this waste. Waste water disposed off of industries has emerged as a key component of the waste that is generated by industrial units. The treatment of this water has become extremely important to ensure a healthy and congenial environment. Hence, there is rapid deployment of waste water management techniques across the developed and developing economies.

 

Paper Chemicals Market – The presence of a seamless chemical industry shall drive sales across the global paper chemicals market. Use of paper chemicals cascades into a plethora of industries including food and beverages, electronics, textiles, and interior designing. Paper chemicals are used to impart distinct colours and textures to plain paper, and this is an important driver of market demand. Creative paper work has become a part of indigenous craft across several regions. In addition to this, coloured paper is used by artists, painters, and sketchers. The recent surge in the demand for paper chemicals can be attributed to the growth of several creative domains.

 

Antimicrobial Additives Market – The demand within the global antimicrobial additives market has been rising on account of advancements in the chemical industry. The chemical properties of antimicrobial additives have been researched upon for several years, and this has aided the growth of the global antimicrobial additives market. It is expected that the market dynamics of the global antimicrobial additives would be influenced by advancements in the end-use industries. Antimicrobial additives can be organic and inorganic in nature, and both these types have been attracting voluminous demand over the past decade. The most important application of antimicrobial additives is in the packaging industry, and the sheer growth of the latter has aided market growth. It is expected that the growth dynamics of the global antimicrobial additives market would improve as new industries adopt the use of these additives for industrial applications.

 

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

 

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/welding-products.htm
Website: http://www.transparencymarketresearch.com