openPR Logo
Press release

US Welding Consumables Market to reach US$ 3,510.5 mn by 2023; Extensive Demand for Steel for Building & Construction Sector a Boon for Market 2017 -2023

05-15-2018 01:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports Analysis

/ PR Agency: Transparency Market Research Reports Analysis
US Welding Consumables Market to reach US$ 3,510.5 mn by 2023;

Featuring a highly consolidated vendor landscape, the U.S. welding consumables market is majorly held by a few multinational and domestic players, notes Transparency Market Research (TMR) in a new report. With a strong product portfolio, there exists intense competition among the topnotch players in this market. Top companies to name The Lincoln Electric Company, ESAB, Illinois Tool Works Inc., and voestalpine Böhler Welding GmbH held close to 50% of the overall market in 2014. Key players in the U.S. welding consumables market are investing heavily in R&D to innovate new grades of welding consumables to further consolidate their position.

Read Report Overview @
https://www.transparencymarketresearch.com/us-welding-consumables-market.html

Some other companies operating in the U.S. welding consumables market are Kobe Steel Ltd., The Linde Group, Kiswel Inc., Welding Alloys Group, and Air Liquide S.A.

As per the TMR report, the U.S. welding consumables market is predicted to expand at a moderate 4.3% CAGR for the forecast period between 2017 and 2023, for the market to be worth US$ 3,510.5 mn by 2023-end. The market stood at a valuation of US$2,719.1 mn in 2017. Flux-cored wires, among the key product types, is a key segment in the U.S. welding consumables market. By end-use, vis-à-vis volume, the others segment is likely to hold the leading 28.8% share of the U.S. welding consumables market in 2023. However, power sector is anticipated to display significant growth due to green energy statutes coming into place in the country.

Extensive Demand for Steel for Building & Construction Sector a Boon for Market

Primarily fuelling the U.S. welding consumables market is increasing demand for steel coupled with revival of the construction sector post the economic slump of 2008. Building and construction sector displays huge demand for steel across several stages in the construction of residential, commercial, and industrial buildings. Welding consumables are extensively used in the making of steel for building and construction undertakings. On the other hand, the decline in construction GDP in 2008 in the U.S. adversely affected ancillary industries such as welding consumables. In this context, The American Iron and Steel Institute (AISI) has laid out environmental standards by which steel is a sustainable component in the construction of bridges, highways, and residential buildings.

In addition, growth of the industrial sector on an ongoing basis leading to increasing construction of industrial units is boosting the U.S. welding consumables market.

In the U.S., increasing depletion of conventional energy sources has led tapping into renewable sources for energy generation. Hydropower, geothermal, municipal solid waste, landfill gas, biomass, solar, and wind are key renewable sources that heavily rely on welding consumables at various stages right from the manufacture of power generation unit to operations to maintenance. Welding consumables are extensively used for joining materials for the fabrication of structural components and machinery in the power sector.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9509

Price Fluctuations and Uncertain Availability Scenario of Raw Materials Challenges Growth

On the flip side, however, price volatility of raw materials is challenging the growth of U.S. welding consumables market. Heavy dependence on imports for minerals and metal alloys used as raw materials that are subject to availability uncertainties and price fluctuations are challenging the growth of U.S. welding consumables market to some extent. Moreover, due to extensive demand for these raw materials across a host of end-use industries, their prices have been fluctuating over the past few years. This is having a negative impact on the U.S. welding consumables market.

The review presented here is based on the findings of a TMR report, titled “Welding Consumables Market (Product- Stick Electrodes, Solid Wires, Flux-cored Wires, SAW Wires and Fluxes; End-user – Automobiles & Transportation, Building & Construction, Marine Applications, Power sector, and Oil & Gas) – U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 -2023.”

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release US Welding Consumables Market to reach US$ 3,510.5 mn by 2023; Extensive Demand for Steel for Building & Construction Sector a Boon for Market 2017 -2023 here

News-ID: 1050370 • Views: 210

More Releases from Transparency Market Research Reports Analysis

Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by

All 5 Releases


More Releases for Welding

Welding Equipment Market 2024
Flourishing automobiles and construction industries are cropping up owing to rapid industrialization worldwide. With rapid development in various companies, various countries have increasingly adopted welding technology such as resistance welding, oxy-fuel welding, and laser welding. For various industries such as transport industry, fabric industry and automotive segment, welding is an imperative procedure. With the ever changing technology breaking traditional barriers, welding equipment Market market has further witnessed development for application in
Classification of Welding Methods
Spiral welded steel pipe according to the welding method can be divided into different arc welding pipe, high frequency or low frequency resistance welded pipe, gas pipe, furnace pipe, Bundy tube. Welded steel pipe: for oil drilling and machinery manufacturing industry. Welded pipe: can be used as water and gas pipes, large diameter straight seam welded pipe for high pressure oil and gas transportation; spiral welded pipe for oil and gas transportation,
Global Welding Equipment Market: Arc welding, Resistant welding, Oxy fuel weldin …
MarketResearchReports.Biz adds “Global Welding Equipment Market 2016 Share, Size, Trends and Forecast to 2021 Market Research Report” reports to its database. This report provides a strategic analysis of the Welding Equipment market and the growth estimates for the forecasted period. A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global welding equipment market on
Global Welding Robotics Market
Welding robotics is a technology which provides automated welding robots to serve during designing and manufacturing processes. Welding robots have offered a viable solution to achieve mass production by decreasing the manufacturing cycle time. Moreover, benefits such as repeatability and accuracy have led to the increasing applications of welding robots in several end-use industries. On account of its precision and repetitiveness, welding robots are widely used in automotive sector where
Resistance Welding Machine Market By Welding Technology, Arc Welding Segment
bigmarketresearch.com announces addition of new report “Resistance Welding Machine Market 2016-2021” to its database. Download Sample Copy: http://bit.ly/2fD9PjM This report focuses on the Resistance Welding Machine in Global market, especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Resistance welding is a welding technology widely used in manufacturing industry for joining metal sheets and components.
Welding Consumables Market:
Welding is typically a sculptural process of joining various metals and thermoplastics together by means of coalescence. It is an economical and effective process for creating strong joints between two or more parts. Filler metals melt during the course of welding and give a strong joint. Flux is commonly used to produce a shield of gas around the weld pool for preventing the oxidation of hot metals. Flux typically acts