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Current Trends and Future Growth of Welding Materials Market

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Shivani Sharma
Current Trends and Future Growth of Welding Materials Market

The global welding materials market is estimated to reach USD 22.8 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Welding Materials Market Share, Size, Trends, & Industry Analysis Report, By Type (Fluxes & Wires, Electrode & Filler Materials); By Technology (Resistance Welding, ARC Welding, Ultrasonic Welding); By End-User, By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the automotive and transportation segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Get sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/welding-materials-market/request-for-sample

 

The increasing automation in various industrial processes, and use of welding materials in diverse applications such as construction, automotive, and aerospace among others is expected to support the market growth. Increasing use of welding materials in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include increasing investments in energy infrastructure, industrialization, improving aesthetics of welds, urbanization, and growing development of new filler metals to improve purity. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the welding materials industry during the forecast period.

 

Welding electrodes are developed from electrically conductive material, and are capable of conducting electric current to the weld. Consumable electrodes provide the filler metal of the weld puddle, and include welding wires, rods, plates, strips, wires and tapes, and combination electrodes. Consumable electrodes include a variety of metals and alloys such as steel, aluminum, titanium, and copper. Non-consumable electrodes include rods and electrodes used in resistance welding.

 

Asia-Pacific generated the highest revenue during 2018, and is expected to lead the global market throughout the forecast period. The presence of established industries such as manufacturing and automotive, substantial initiatives in research and development, and increasing automation of industrial processes drive the market growth. Rapid industrialization and growth of construction industry further strengthen the welding materials industry in the region. The increasing sale of passenger vehicles, coupled with increasing infrastructure development in countries such as China, and Japan increases the adoption of welding materials in the region.

 

Browse for full research summary: https://www.polarismarketresearch.com/industry-analysis/welding-materials-market/request-for-sample

 

The well-known companies profiled in the report include Air Products And Chemicals, Inc., Praxair Technology, Inc., Tianjin Bridge Welding Materials Group Co., Ltd., The Lincoln Electric Company, Illinois Tool Works Inc., Ador Welding Ltd., Hyundai Welding Co., Ltd., Taiyo Nippon Sanso Corporation, Fronius International GmbH, Miller Electric Mfg. LLC, Iwatani Corporation, and Colfax Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.

  • Welding Materials Market Size and Forecast, 2018-2026 by Type
    • Fluxes & Wires
    • Electrode & Filler Materials
    • Gases
    • Accessories
    • Others
  • Welding Materials Market Size and Forecast, 2018-2026 by Technology
    • Resistance Welding
    • Arc Welding
    • Ultrasonic Welding
    • Oxy-Fuel Welding
    • Laser Beam Welding
    • Others
  • Welding Materials Market Size and Forecast, 2018-2026 by End-User
    • Automotive and Transportation
    • Power
    • Oil and Gas
    • Construction
    • Manufacturing
    • Others
  • Welding Materials Market Size and Forecast, 2018-2026 by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Belgium
      • Russia
      • Netherlands
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Korea
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of LATAM
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa
      • Rest of MEA

 

Avail discount on this report @ https://www.polarismarketresearch.com/industry-analysis/welding-materials-market/request-for-discount-pricing

About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

 

Contact us-

Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected] 

Web: www.polarismarketresearch.com

 

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