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  • Welding Materials Market worth 15.80 Billion USD by 2021

    (, December 18, 2019 ) The report "Welding Materials Market by Type (Electrode & Filler Materials, Fluxes & Wires, Gases), End-Use Industry (Transportation, Building & Construction, Heavy Industries), Technology (ARC, Resistance, OXY-Fuel Welding), and Region - Global Forecast to 2021", The welding materials market is projected to reach USD 15.80 Billion by 2021, at a CAGR of 5.2% from 2016 to 2021. This growth is mainly attributed to the increasing demand for welding materials from the transportation, plant & machinery manufacturing, and building & construction industries worldwide.

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    Transportation end-use industry is expected to lead the welding materials market by 2021

    The transportation end-use industry segment accounted for a major share of the welding materials market in 2015. Welding materials are used for welding vehicle parts in the automotive industry. Thus, increase in automobile production will drive the demand for welding materials in the transportation industry.

    Arc welding technology is projected to account for the largest share of the welding materials market by 2021

    The arc welding technology segment captured more than one-third of the welding materials market share in 2015; this segment is anticipated to grow at a high CAGR during the forecast period. In comparison to other welding methods, arc welding offers several advantages such as high heat concentration, uniformity in metal deposition, and corrosion resistance. This makes arc welding one of the most preferred technologies in the welding process.

    Electrode & filler materials type to lead the welding materials market by 2021

    The electrode & filler materials segment accounted for the largest share of the welding materials market in 2015. This large share is mainly attributed to the low cost of electrode & filler materials and their applicability in varied end-use industries, such as transportation, building & construction, and metal works.

    Don't miss out on business opportunities in Welding Materials Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

    Browse in-depth TOC on "Welding Materials Market
    69 - Market Data Tables
    56 - Figures
    139 - Pages

    The Asia-Pacific region is expected to lead the welding materials market during the forecast period

    Asia-Pacific accounted for the largest share of the welding materials market in 2015, followed by Europe and North America. China is one of the major consumers of welding materials in the Asia-Pacific region. Increasing investments by leading automobile manufacturers in the Asia-Pacific region, and the rising demand for welding materials from the building & construction sector are factors propelling the growth of the Asia-Pacific welding materials market.

    Major market players covered in this report include Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair Incorporated (U.S.), Colfax Corporation (U.S.), Air Liquide S.A. (France), Illinois Tools Works Inc. (U.S.), Lincoln Electric Holdings, Inc. (U.S.), and Tianjin Bridge Welding Materials Group Co., Ltd. (China).

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    Mr. Shelly Singh


    Source: EmailWire.Com


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