US welding consumables market, 2021-2028 by technology (arc welding, oxy-fuel welding) and product (rod electrode, flux cored wire)-ResearchAndMarkets.com

2021-11-11 08:33:01 By : Mr. Jeff Cao

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Dublin, September 28, 2021--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Analysis of the Market Size, Share and Trend of the US Welding Consumables Market 2021-2028" report to the products of ResearchAndMarkets.com.

The US welding consumables market is expected to reach US$2.39 billion by 2028, and is expected to grow at a compound annual growth rate of 2.3% from 2021 to 2028.

Due to the increase in welding automation, mainly in the automotive industry, the demand for this product continues to grow, which is expected to become the main growth driver of the market during the forecast period.

Due to the huge sales potential of consumer goods in the country, the market is fragmented, and there are many global and regional players. Several manufacturers in the market operate their businesses as integrated entities to reduce indirect costs. This is expected to be a major obstacle for new players to enter the market.

From 2017 to 2019, the operating rate of residential and commercial construction applications in the U.S. construction industry continued to rise, but the growth was limited by COVID-19. In addition, factors such as the increase in the number of domestic single-family houses and the increase in housing replacement have also promoted the demand for welding materials.

Highlights of U.S. Welding Consumables Market Report

Based on technology, due to the wide application of products in industrial manufacturing and the rising rate of product consumption, it is estimated that from 2021 to 2028, the compound annual growth rate of oxy-fuel welding will be the highest at 3.5%

From the product point of view, flux-cored welding wires are expected to grow at the highest compound annual growth rate of 3.5% from 2021 to 2028, because they are increasingly adopted under the impetus of high deposition rate, thus forming in applications Clean and strong welds, such as bridge construction, shipbuilding and general manufacturing

Due to the excellent properties of solid wire such as flexibility and robustness, its sales are expected to increase, which will lead to an increase in their practicality in applications, including wires and breadboards

Due to high demand in applications such as exploration platforms, pressure vessels, offshore drilling platform manufacturing, and post-weld heat treatment, it is expected that saw wire and flux will increase significantly during the forecast period

Major industry players focus on large-scale projects in the fields of construction machinery, automobiles and shipbuilding, infrastructure, energy, and power distribution to gain a competitive advantage

Tianjin Bridge Welding Materials Co., Ltd.

For more information about this report, please visit https://www.researchandmarkets.com/r/c8p2cf

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