Welding Materials Global Market Overview:
Welding is a process of joining metals by causing fusion. It is a very cost effective process, which finds its application in industries such as transportation, construction, oil & gas and power. The growth of the welding industry is highly dependent on the consumption of steel in various end-use industries. The welding technology comprises of welding materials and welding services. The welding materials accounts for a significant share in the welding industry and is expected to grow rapidly both in terms of value and volume.
The market for welding materials is driven by the increasing demand for such materials from the transportation, manufacturing, and building & construction industries. The market is highly application based and is dominated by demand from the end-use industries. It is used extensively in all the processes that consume steel across various industries.
Welding Materials Global Market Key Players:
Air Products and Chemicals Inc., Illinois Tools Works Inc., Sandvik AB, Praxair Incorporated, Air Liquide S.A., Colfax Corporation, The Linde Group, Lincoln Electric Holdings, Inc., and Tianjin Bridge Welding Materials Group Co., Ltd
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With the presence of several large and small market players; the global market of Welding Materials appears to be highly fragmented in nature. A few large companies manufacture and supply Machinery, filler materials, and accessories for the various welding processes. A number of smaller companies around the globe specialize in items such as welding torches, welders’ helmets, hammers, marking equipment, welding screens, special fluxes, etc. To maintain their market positions; Manufacturers need to meet the changing demands of their customers, competing with other manufacturers, and complying with government regulations. They continually concentrate on developing a new generation of improved, high-value-added products.
Welding Materials Market Regional Analysis:
APAC is the largest as well as the fastest growing market for Welding Materials, followed by North America and Europe. The share of APAC is attributed to the huge demand for welding materials in the regions of China, Japan and India. The largest consumers of these materials are transportation & automobile industry, which are growing rapidly in these emerging nations. The demand is further fueled by the construction industry in the region. There is been a lot of investment in infrastructure due to fast urbanization and industrialization. All the steel consuming industries by far require the welding technology which augments the market in APAC for welding materials.
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Welding Materials Global Market Segments:
The Welding Materials Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprising Electrodes, Flux & Wires, Gases, and others
Segmentation by Application : Comprising Construction, Transportation, Oil & Gas, Power, and others
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Electrode Segment accounted for the largest share in the welding materials market by type in 2015. The market for electrodes is highly driven by its demand and cost effectiveness across various applications. The trend is expected to be similar by 2022.
IMPORTANT POINTS FROM LIST OF TABLES and FIGURES
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Welding Materials Market
6 Market Trends
7 Global Welding Materials Market by Region
8 Global Welding Materials Market by Type
9 Global Welding Materials Market by Application
10 Company Profiles
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