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Aluminum Wire Welding Market to Exhibit Impressive Growth During 2017 - 2025

04-02-2018 02:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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Aluminum Wire Welding Market

Aluminum Wire Welding Market

Wire welding refers to the process of fabricating or shaping a metal wire by assembling, bending, and cutting operations. Therefore, aluminum wire welding is the procedure of joining two or more aluminum wires through fabrication and various sculptural processes. Furthermore, the wires are joined by employing fusion welding techniques which involve melting two or more wires of similar composition. Solid state welding does not involve melting of metals as compared to fusion welding. The coalescence of metals in solid state welding method takes place below the melting point of the base metals being joined to form the wire. This helps the base metals to retain their original properties, thereby preventing the melting of the base metals. Similarly, there are other welding techniques such as diffusion welding, explosion welding, cold welding, and friction welding, which are employed in welding wires.

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The aluminum welding wire market is driven considerably by the automotive industry. The usage of aluminum by U.S. automakers has been increasing every year since federal fuel economy standards, commonly referred to as Corporate Average Fuel Efficiency (CAFÉ) Standards, were first enacted by the U.S. Congress in the year 1975. Automakers are estimated to increase the usage of aluminum welding wires due to increasing stringent guidelines being dictated by several countries. Aluminum welding wire developments. The developments in aluminum welding wire can be attributed to aluminum’s attractive characteristics such as light weight, high strength, versatility in extrusion and casting, and excellent corrosion resistance. Furthermore, investments in electric power infrastructure is projected to further drive the expansion of the market. The usage of advanced technologies to reduce emission levels, increase fuel efficiency, and improve driving dynamics of the vehicle is increasing in the automotive industry. Therefore, the trend of employing aluminum is anticipated to consequently increase the usage of aluminum welding wires in the automotive industry.

However, aluminum wires get damaged easily and its welding can create porosities. Key challenges posed by welding thin gauge aluminum are distortion, burn-through, and warping. Other common issues related to welding aluminum wire is the feedability of aluminum wire. Aluminum wires are softer and filling the wires with metal fillers through a gun is difficult. These disadvantages of utilizing aluminum in welding wires are key factors that are likely to create a mild negative impact on the expansion of the market.

Use of robots in welding procedures and automation of welding processes is further estimated to propel the expansion of the market. There are several benefits of automating a factory with welding robots to make the process of welding faster, consistent, and with no break in production. Moreover, the usage of welding robots is anticipated to cut down the cost of labor and reduce the incidence of accidents, thereby increasing production. Therefore, these factor are likely to create conducive opportunities for the aluminum wire welding market.

The global aluminum welding wire market can be segmented into end-users and geography. In terms of end-users, the market can be segmented into shipbuilding, transportation, automotive, domestic use, and others. Usage of aluminum welding wires in the automotive sector can be attributed to the increase in electric car. Continuous R&D activities in this field and increasing preference for environmentally friendly electric cars are projected to make this segment a significant user of aluminum welding wires.

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The geographical segmentation includes, North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Asia Pacific and North America are expected to hold a considerable share of the global market.

Leading global aluminum wire welding companies operating in this market are ESAB (U.S.), The Lincoln Electric Company (U.S), Air Liquide Welding (U.S.), Drahtwerk ELISENTAL W. Erdmann (U.K.), Novametal (U.S.), and Hermann Fliess and Co. GmbH (Germany).

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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