Welding Consumables Market Analysis Report 2022-2027: Industry Size, Growth, Demand, Key Manufacturer Share, Forecast

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welding consumables market

SHERIDAN, WYOMING, USA, Oct. 6, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Welding Consumables Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global welding consumables market size reached a value of US$ 15.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach 21, US$3 billion by 2027, growing at a CAGR of 5.58% in 2022-2027. Welding is a method of joining thermoplastics and metals by a coalescing process using flux and filler materials, known as welding consumables. They combine various metals and alloys and work as a deoxidizer to prevent pores from forming. Filler metals are usually melted to form a strong joint between two metals, while the flux prevents the hot metal from oxidizing during the process. Some of the raw materials used in the production of welding consumables include ilmenite, rutile, low alloy steel, copper, aluminum and nickel steel. Therefore, they help protect the molten solder from airborne contaminants and prevent the formation of porosity in the solder pool.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Competitive landscape with key players:

Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Denyo Co., Ltd., Fronius International GmbH, Tianjin Bridge Welding Materials Co . ., Ltd., Kemppi Oy, Arcon welding equipment, etc.

Global market growth:

The significant growth of the automotive industry is the main driver of the market. This is attributed to the increasing use of welding consumables in the production of lightweight, high-quality automotive parts. Additionally, the evolution of automotive design and improved safety features of vehicles require welding consumables, which is driving the growth of the market. Along with this, the increase in products being deployed for the manufacture of submerged arc welding (SAW) wires, coated electrodes and flux-cored wires and the increasing use of robots and intelligent machines in the manufacturing sectors. energy, transport and construction, support the market considerably. worldwide. Other factors driving the market include rapid industrialization and continuous technological advancements.

See full report with table of contents and list of figures: https://www.imarcgroup.com/welding-consumables-market

Key Market Segmentation:

Breakdown by product type:

• Stick electrodes
• Strong wires
• Cored wires
• Saw wires and flux
• Others

Failure by welding technique:

• Arc welding
• Oxy-fuel welding
• Resistance welding
• Laser beam welding
• Others

Breakdown by end-use industries:

• Construction
• Car
• Energy
• Shipbuilding
• Aeronautics
• Industrial equipment
• Others

Breakdown by region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:

Market performance 2016-2021
Market Outlook 2022-2027
• Porter’s five forces analysis
• Market drivers and success factors
SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Services Private Limited
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