October 03, 2022 04:33 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 03, 2022 (GLOBE NEWSWIRE) -- The "Welding Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global welding consumables market reached a value of US$ 15.3 billion in 2021. Looking forward, the market is projected to reach US$ 21.3 billion by 2027, exhibiting a CAGR of 5.58% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor. Welding consumables refer to flux and filler metals that are used in the process of welding. Filler metals are melted to create a strong joint between two metals, whereas flux prevents the oxidation of hot metals during this process. Some of the raw materials utilized in the production of welding consumables include nickel, copper, rutile, ilmenite and aluminum.
These consumables ensure cost-effective welding, assist in safeguarding the molten weld from contaminants present in the air and prevent the formation of porosity in the weld pool. As a result, they are extensively employed in the construction, automobile, energy, ship building and aerospace industries. Market Drivers:
In the automobile industry, welding consumables are used in the production of lightweight and high-quality vehicle parts. Improvements in the safety features of vehicles, along with evolving automobile designs, have escalated the sales of automobiles, thereby bolstering the growth of the welding consumables market.
Moreover, the introduction of several development and housing projects has provided thrust to the construction industry in emerging economies such as China, India and South Africa. Some of the other factors that are stimulating the growth of the market are industrialization, urbanization, rising foreign direct investments (FDI) and technological advancements. Competitive Landscape
The competitive landscape of the global welding consumables market has also been analyzed in the report. Some of the leading players operating in the market are 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. Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Welding Consumables Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Breakup by Product Type 5.5 Market Breakup by Welding Technique 5.6 Market Breakup by End-Use Industries 5.7 Market Breakup by Region 5.8 Market Forecast 6 Market Breakup by Product Type 6.1 Stick Electrodes 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Solid Wires 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Flux Cored Wires 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 SAW Wires and Fluxes 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Others 6.5.1 Market Trends 6.5.2 Market Forecast 7 Market Breakup by Welding Technique 7.1 Arc Welding 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Resistance Welding 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Oxyfuel Welding 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Ultrasonic Welding 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by End-Use Industries 8.1 Construction 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Automobile 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Energy 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Shipbuilding 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Aerospace 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 Industrial Equipment 8.6.1 Market Trends 8.6.2 Market Forecast 8.7 Others 8.7.1 Market Trends 8.7.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Voestalpine AG 14.3.2 Colfax Corporation 14.3.3 The Lincoln Electric Company 14.3.4 Air Liquide 14.3.5 Hyundai Welding Co., Ltd. 14.3.6 Obara Corporation 14.3.7 Panasonic Corporation 14.3.8 Illinois Tool Works Inc. 14.3.9 Denyo Co., Ltd. 14.3.10 Fronius International GmbH 14.3.11 Tianjin Bridge Welding Materials Co., Ltd. 14.3.12 Kemppi Oy 14.3.13 Arcon Welding Equipment
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