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Dublin, September 2, 2021/PRNewswire/-"By type (electrodes and filler materials, flux and welding wire, gas), technology (arc, resistance, oxy-fuel welding), end-use industries (transportation, building and construction) , Heavy Industry) and Regions-Global Forecast to 2025" report has been added to ResearchAndMarkets.com's products.
The welding materials market is expected to grow from USD 13.6 billion in 2020 to USD 17.3 billion in 2025, with a compound annual growth rate of 4.8% during the forecast period.
The increase in construction market spending, the development of manufacturing, and the increase in repair and maintenance activities may promote the development of the welding materials market. Due to growing demand in Japan, China and India, the Asia-Pacific region is the fastest growing market for welding materials. Increasing residential building construction, as well as retrofitting/rebuilding existing infrastructure, are expected to boost the welding materials market in the region.
In terms of value, the arc welding segment is expected to lead the global welding materials market by 2025.
During the forecast period, the arc welding segment is expected to lead the welding materials market in terms of value. The advantage of arc welding is the high concentration of heat during the welding process, in which an arc is generated between the electrode and the base metal of the molten metal. The main advantage of arc welding is that heat is concentrated on a large surface, which can achieve better welding by providing a certain penetration depth, and ultimately reduce welding time. Arc welding is the most popular welding technique because of its low cost and can be applied to a wide range of metal surfaces.
Throughout the forecast period, the flux and wire segment is expected to be the fastest growing segment of the end-use industry.
Throughout the forecast period, the flux and wire segment is expected to be the fastest growing segment of the end-use industry. Flux is a chemical agent used to clean surfaces or can be used as a cleaning agent. Flux materials are used to dissolve oxides by releasing gases trapped on the surface. The flux also helps to remove impurities from the surface of the base metal, which can further provide good mixing between the surface of the base metal and the filler material.
In terms of value, the welding materials market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate during the forecast period.
The Asia-Pacific region is the world's largest producer and consumer of welding materials, and almost all major manufacturers and end-use companies operate in this region. Driven by a growing population, favorable investment policies, economic growth, and government initiatives aimed at promoting the development of the electronics and automotive industries in the region, the Asia-Pacific region has achieved tremendous growth in the past few years. Low labor costs, coupled with favorable import and export policies, make the Asia-Pacific region an ideal market for automotive original equipment manufacturers and electronics manufacturers, which is expected to drive regional demand for welding materials.
More and more new housing and huge investment in the infrastructure sector have also promoted the demand for welding materials in the region. According to the World Bank, the Asia-Pacific region is the region with the fastest population and economic growth. The region has experienced significant growth in the past decade, accounting for approximately 34% of global GDP in 2019. According to the Census Bureau, the population of China, India and other emerging Asia-Pacific countries exceeded 4 billion in 2019, and it is expected to become an increasingly important driving force for global consumption in the next 20 years.
4 Premium Insights 4.1 Due to increased construction activities, the Asia-Pacific region will witness the highest growth rate 4.2 Welding materials market by region and end-use industry, 2019 4.3 Global welding materials market by country/region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Driving Factors 5.2.1.1 Increased Demand in End Industries 5.2.1.2 Long-term Growth of Investment in Emerging Markets and Global Energy Infrastructure 5.2.2 Constraints 5.2.2.1 Environmental Impact of Welding Materials 5.. 3 Opportunities 5.2.3.1 Growth prospects in developing countries 5.2.3.2 New and advanced applications 5.2.4 Challenges 5.2.4.1 Skilled labor shortage and high labor costs
6 Industry trends 6.1 Introduction 6.2 Value chain 6.2.1 Well-known enterprises 6.2.2 Small and medium-sized enterprises 6.3 Porter’s five forces analysis 6.3.1 Threats of new entrants 6.3.2 Threats of substitutes 6.3.3 Suppliers’ bargaining power 4 Bargaining power 6.3. 6.3.5 Intensity of competition 6.4 Impact of COVID-19 on the welding materials market 6.5 Insights into arc welding and spot welding 6.5.1 Arc welding 6.5.2 Spot welding 6.5.3 Trend 6.5.3.1 Automation trend 3.26. 6.5. 3.3 New technology 6.5.3.4 Advanced materials 6.5.3.5 Micro welding
7 Welding consumables market, introduced according to technology 7.1 7.2 Arc welding 7.2.1 The preferred technology of welding process 7.3 Resistance welding 7.3.1 Usually used for welding thinner metals 7.4 Oxygen fuel welding 7.4.1 Where it can be used for welding cannot be energized 7.5 Others
8 Welding materials market, introduced by type 8.1 8.2 Electrodes and filler materials 8.2.1 Economical and can be used for a variety of metals 8.3 Flux and welding wire 8.3.1 Flux protects the weld from atmospheric influences and prevents oxidation 8.4 Gas 8.4.1 Mainly used Protect molten metal from contamination and oxidation
9 Welding materials market, introduced by end-use industries 9.1 9.2 Transportation 9.2.1 Main end-use industries of welding materials 9.3 Building and construction 9.3.1 Increase construction activities in emerging economies to promote the market 9.4 Heavy industry 9.4.1 Welding is the repair of ships, Indispensable for pipelines and offshore oil platforms 9.5 Others
10 Welding materials market by region 10.1 Introduction 10.2 Asia-Pacific region 10.2.1 China 10.2.1.1 The largest producer and consumer of welding materials 10.2.2 Japan 10.2.2.1 Market growth supported by innovation in the transportation industry 10.2.3 India 10.2.3.1 The fastest-growing market in the Asia-Pacific region by 2025 10.2.4 Indonesia 10.2.4.1 Population growth drives construction demand and welding materials market 10.2.5 The rest of the Asia-Pacific region 10.3 North America 10.3.1 United States 10.3.1.1 The United States will lead the welding materials market by 2025 In North America 10.3.2 Canada 10.3.2.1 Large use of welding materials due to the huge automotive industry 10.3.3 Mexico 10.3.3.1 will be the fastest growing market in North America 10.4 Europe 10.4.1 Germany 10.4.1.1 dominate Europe by 2025 Welding materials market 10.4.2 The growth of the UK 10.4.2.1 The automotive industry provides profitable opportunities for the market 10.4.3 France 10.4.3.1 Increase foreign investment in various end industries to promote the development of welding materials als market 10.4.4 Russia 10.4.4.1 Increased market growth supported by public and private construction projects 10.4.5 Italy 10.4.5.1 The huge automotive industry supports market growth 10.4.6 The Netherlands 10.4.6.1 The growth of manufacturing has contributed significantly 10.4.7 Rest of Europe 10.5 The Middle East and Africa 10.5.1 Saudi Arabia 10.5.1.1 Increased government investment in public infrastructure-related projects to support market growth 10.5.2 South Africa 10.5.2.1 Increasing auto trade boosts the South African market 10.5.3 Middle East and the rest of Africa 10.6 South America 10.6.1 Brazil 10.6.1.1 Brazil dominates the South American welding materials market 10.6.2 Argentina 10.6.2.1 The government's emphasis on encouraging the automobile industry is an important driving force 10.6.3 Other regions in South America
11 Competitive landscape 11.1 Overview 11.2 Competitive scenarios 11.2.1 Mergers and acquisitions 11.2.2 Expansion and investment 11.2.3 Joint ventures and agreements 11.2.4 New product development 11.3 Competition evaluation matrix 11.3.1 Overview 11.13.2 Emerging companies 11.3.4 Prevalent 11.3. 5 Emerging companies 11.4 Product portfolio strength 11.5 Excellent business strategy
12 Company Profile 12.1 Air Liquide SA 12.1.1 Business Overview 12.1.2 Financial Evaluation 12.1.3 Operational Evaluation 12.1.4 Products Provided 12.1.5 Recent Development 12.1.6 SWOT Analysis 12.1.7 Current Focus and Strategy 12.1.8 Winning 12 . .9 Winning rights 12.2 Air Products & Chemicals Inc. 12.2.1 Business overview 12.2.2 Financial evaluation 12.2.3 Products offered 12.2.4 Recent development 12.2.5 SWOT analysis 12.2.6 Current focus and strategy 12.2.7 Winning priority 12. .8 Winning rights 12.3 Colfax Corporation 12.3.1 Business overview 12.3.2 Financial evaluation 12.3.3 Products offered 12.3.4 Recent developments 12.3.5 SWOT analysis 12.3.6 Winning priority 12.3.7 Winning rights 12.4 Illinois Tools 12.4 .1 Business overview 12.4.2 Financial evaluation 12.4.3 Products offered 12.4.4 SWOT analysis 12.4.5 Current focus and strategy 12.4.6 Winning priorities 12.4.7 Winning rights 12.5 Linde plc 12.5.1. Business overview 2 Finance 12.5 evaluation 12.5.3 Products offered 12.5.4 Recent development 12.5.5 SWOT analysis 12.5.6 Winning rights 12.6 Lincoln Electric Holdings 12.6.1 Business overview 12.6.2 Financial evaluation 12.6.3 Products offered 12.6.4 Recent development 12.6.5 Winning 12.7 Ador Welding Limited 12.7.1 Business Overview 12.7.2 Products Provided 12.7.3 Right to Win 12.8 Tianjin Bridge Welding Materials Group Co., Ltd. 12.8.1 Business Overview 12.8.2 Products Provided 12.8.3 Right to Win 12.9 Kobe Steel (Kobelco) 12.9.1 Business Overview 12.9.2 Products Provided 12.9.3 Earning Rights 12.10 Other Participants 12.10.1 Precision Castparts Corp. 12.10.2 Rolled Alloy 12.10.3 Laiwu Jincai Welding Materials Co., Ltd. 12.10. Advanced Technology And materials Co. Ltd. 12.10.5 Hyundai Welding Co. Ltd. 12.10.6 Zulfi Welding Electrodes Factory Co. Ltd. 12.11 Electric welding machine manufacturer 12.11.1 Denyo Co. Ltd 12.1 1.2 Acro Automation Systems Inc. (Us) 12.11.3 Panasonic 12.11.4 Esab 12.11.5 Voestalpine Bohler Welding Gmbh 12.11.6 Carl Cloos Schweisstechnik Gmbh 12.11.7 Daihen Corporation 12.11.8 Banner Welding Inc 12.11.9 Sonics & Materials, Inc. 12.11.10 Amada Weld Tech 12.11.11 Fronius International Gmbh
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