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Welding Materials Market: By type of process (Arc Welding, Oxyfuel Gas Welding, Resistance Welding, Solid State Welding, Electron Beam & Laser Welding) ; By type of metal( Steel, Stainless Steel, Aluminum, Copper, Nickel, Magnesium, Cast Iron, Alloys, Others); By type of equipment ( Welder, Electrode & filler materials, Fluxes & wires, Gases, Angle Grinders, Welding Magnet, Soapstone, Clamps, Personal Safety, Safety Products, Others); By Industry (Automotive, Aerospace, Construction, Ship Building, Solar Energy, Railway Tracks, Chemical, Electronics, Others); By Geography - Forecast(2018-2023)

Report Code : CMR 0684 Format Type: PDF+ Excel Database Client Rating (5/5)
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The global welding material market is expected to grow at CAGR of 8.7% from 2018-2023. The driving force of this market is increased need of joining two or more metals for construction of vehicle, building, railway and aircraft. Due to increased demand huge amount is invested in R&D to develop innovative process and welding materials. 

What is Welding material? 

Welding is a process that joins materials usually metals, glass and thermoplastics by causing fusion. Over a long period a wide range of welding processes are developed such as Gas metal arc welding (GMAW), Submerged arc welding (SAW), Resistance welding, etc. Each welding processes differs from other and selection of particular process for producing strong joint depends on size and shape of product, type of  metal, cost and availability of machines and consumables. Welding materials are equipment or consumables used during welding such as gases, electrode, wire, etc. 

What are the major applications for Welding material?

Welding processes are widely used for building bridges, railway tracks, railway coaches, building structure and fabrication of pressure vessel. There are various types of welding process such as Gas arc metal welding, Resistance welding, Thermite welding, etc. Resistance welding is generally used in automobile industry while thermite welding is used for joining railway tracks. Plasma arc welding is used in tubing and instrument manufacturing. Gas tungsten arc welding is used in aerospace building and construction of pipelines.  Every single appliance around us or in industries has passed through welding process during its manufacturing.

Market Research and Market Trends of Welding material:

  • Automated welding process is the biggest trend in welding market. Due to shortage of skilled labor and increased welding requirement, robot welders are gaining popularity in resistance spot welding and arc welding. Some companies such as KUKA, Yaskawa have developed robot welder to automate the process and improve the overall efficiency in high production industries. 
  • Illinois is a US based equipment and specialty product based company which offers welding equipment from various brands such as Miller, Elga, Hobart, Tregaskiss, Bernard, AEC Technology and PWT. Miller is the largest manufacturer of arc welding products whereas PWT offers automatic welding for pipeline construction. Illinois’s Elga provides coated electrode and cored wires for welding process. Recently Elga has launched a newer version of P51 basic coated low hydrogen electrode. With its excellent positional welding feature this product has become the first choice among pipeline welder.  Illinois may witness huge growth in their revenue compared to year 2017 which was $1.5 billion. 

Who are the Major Players in Welding material market?

The companies referred to in the market research report includes Illinois Tools Work Inc., Praxair, Colfax Corporation and 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 


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