(EMAILWIRE.COM, November 30, 2023 ) The report “Welding Materials Market by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases), Technology (Arc, Resistance, Oxy-Fuel Welding), End-use Industry (Transportation, Building & Construction, Heavy Industries), & Region – Global Forecast to 2025″ The welding materials market is projected to grow from USD 13.6 billion in 2020 to USD 17.3 billion by 2025, at a CAGR of 4.8% during the forecast period.
The increasing spending on the building & construction market, development of manufacturing sectors, and growing repair & maintenance activities are likely to drive the welding materials market. APAC is the fastest-growing market for welding materials due to growing demand in Japan, China, and India. Increasing residential building constructions, as well as remodeling/reconstruction of existing infrastructures, are expected to drive the welding materials market in the region.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165950809
Browse in-depth TOC on “Welding Materials Market
73 – Market Data Tables
41 – Figures
148 – Pages
The arc welding segment is projected to lead the global welding materials market through 2025
Arc welding has the advantage of high heat concentration during the welding process wherein an electric arc is produced in between the electrode & base materials that melt the metals. The major advantage of arc welding is the concentration of heat applied to a large surface that enables better welding by providing a depth of penetration, which ultimately reduces the welding time. Arc welding is the most preferred welding technology due to its low cost and can be applied to a wide range of metal surfaces.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=165950809
The fluxes & wires segment is projected to grow at the highest CAGR in the welding materials market during the forecast period
The fluxes & wires segment is projected to grow at the highest CAGR in the welding materials market from 2020 to 2025. Flux is a chemical agent, which is used to clean a surface or can be used as a purifying agent. The flux material is used to dissolve the oxides by releasing gases that are trapped on the surface. Fluxes also help remove the impurities from the base metal surface that can further provide a good blending between the base metal and the filler material surface.
The Asia Pacific is projected to hold the largest share in the welding materials market during the forecast period
The increasing number of new housing units and huge investments in the infrastructural sector are also fueling the demand for welding materials in this region. According to the World Bank, APAC is the fastest-growing region in terms of both population and economic growth. The region has experienced significant growth in the last decade and accounted for approximately 34% of the global GDP in 2019. According to the Population Reference Bureau, China, India, and other emerging APAC countries had a combined population exceeding 4 billion in 2019, which is projected to become an increasingly important driver for global consumption over the next two decades.
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. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=165950809
Key players operating in the welding materials market are as Colfax Corporation (US), Air Liquide S.A. (Framce), Air Products & Chemicals (US), Illinois Tool Works (US), Linde PLC (UK), Lincoln Electric Holdings (US), Tianjin Bridge Welding Materials Group (China), and Kobe Steel (Japan). These players have adopted various growth strategies to expand their global presence and increase their market share.
Colfax Corporation is into the gas & fluid handling technology & fabrication technology business. The company supplies its products to government and commercial consumers around the world. Its business operations are divided into three segments under the brand names, Howden, Colfax fluid handling, and ESAB. The main subsidiary of Colfax Corporation is ESAB, based in the UK. ESAB has 26 manufacturing plants in 4 continents and sales/support representatives in 80 countries. ESABs cutting and welding products include electrodes, cored and solid wires, and fluxes. The company provides fabrication technology equipment that ranges from portable welding machines to large customized cutting and automated welding systems. ESAB is recognized for its expertise in manufacturing products used in energy, machinery, power generation, fabrication, construction, shipbuilding, transportation, and other sectors. ESAB operates with over 10,000 employees across 35 facilities worldwide.
About MarketsandMarkets
MarketsandMarkets has been recognized as one of Americas best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com