At 6.6% CAGR, Welding Materials Market Size Worth USD 22.8 Billion by 2026

Selbyville, DE -- (SBWire) -- 04/24/2019 --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. 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.

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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.

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.

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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.

The Report has segmented the global Welding Materials market on the basis of type, technology, end user and region:

Welding Materials Type Outlook (Revenue, USD Billion, 2015 - 2026)

- Fluxes & Wires
- Electrode & Filler Materials
- Gases
- Accessories
- Others

Welding Materials Technology Outlook (Revenue, USD Billion, 2015 - 2026)

- Resistance Welding
- Arc Welding
- Ultrasonic Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others

Welding Materials End User Outlook (Revenue, USD Billion, 2015 - 2026)

- Automotive and Transportation
- Power
- Oil and Gas
- Construction
- Manufacturing
- Others

Table of Content:

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Welding Materials Market Insights
3.1. Welding Materials ? Industry snapshot
3.2. Welding Materials - Ecosystem analysis
3.3. Welding Materials Market Dynamics
3.3.1. Welding Materials ? Market Forces
3.3.1.1. Welding Materials Market Driver Analysis
3.3.1.2. Welding Materials Market Restraint/Challenges analysis
3.3.1.3. Welding Materials Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Welding Materials Market PEST Analysis
3.6. Welding Materials Market Value Chain Analysis
3.7. Welding Materials Industry Trends
3.8. Competitive Ranking Analysis,
4. Welding Materials Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings
4.2. Fluxes & Wires
4.3. Electrode & Filler Materials
4.4. Gases
4.5. Accessories
4.6. Others
5. Welding Materials Market Size and Forecast, 2018-2026 by Technology
5.1. Key Findings
5.2. Resistance Welding
5.3. Arc Welding
5.4. Ultrasonic Welding
5.5. Oxy-Fuel Welding
5.6. Laser Beam Welding
5.7. Others
6. Welding Materials Market Size and Forecast, 2018-2026 by End-User
6.1. Key Findings
6.2. Automotive and Transportation
6.3. Power
6.4. Oil and Gas
6.5. Construction
6.6. Manufacturing
6.7. Others
7. Welding Materials Market Size and Forecast, 2018-2026 by Region

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Related Report:

Southeast Asia Welding Materials Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast

The Southeast Asia Welding Materials market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024.

This report is an essential reference for who looks for detailed information on Southeast Asia Welding Materials market. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors?? information. In addition to the data part, the report also provides overview of Welding Materials market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

https://www.marketstudyreport.com/reports/southeast-asia-welding-materials-market-report-2014-2024-market-size-share-price-trend-and-forecast?utm_source=RR-SP

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