Welding Materials Market Key Findings, Global Industry Analysis and Opportunity Assessment 2018 -2023

Regional Analysis

The Global Welding Materials Market has been segmented into five key regions— North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Asia-Pacific is expected to be the largest market in terms of market size. This region accounted for over 40% of the global market in 2017. The primary factor driving the growth of this regional market is the increasing demand for welding materials in major end-use industries such as automotive, construction, and marine. The governments of developing countries in this region, such as India, China, and South Korea, are focusing on infrastructure development and integrating their regional transportation systems. This is likely to boost the demand for Welding Materials in Asia-Pacific.

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The North American market was the second-largest, in terms of market size, in 2017, with the U.S. as the largest contributor to the growth of the market. This growth can be attributed to increasing reconstruction activities and the rising demand for Welding Materials in the marine industry. Europe is another significant region in the Global Welding Materials Market. The major markets in this region are the U.K., France, Germany, Italy, and Spain. The aerospace and automotive industries in Europe are the major consumers of Welding Materials, which is favoring the growth of the regional market. Latin America and the Middle East & Arica held a small share of the pie in 2017, yet, in the years to follow, these markets are likely to witness considerable growth due to rapid industrialization in the regions.

Segmentation

The Global Welding Materials Market has been segmented on the basis of Type, Technology, End-Use Industry and Region.

On the Basis of Type, the market has been divided into electrode & filler material, fluxes & wires, gases, and others.

Based on Technology, the market has been classified as arc welding, resistance welding, oxy-fuel welding, and others.

By End-Use Industry, the Global Welding Materials Market has been segmented into automotive and transportation, building and construction, marine, oil & gas, power, and others.

The market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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