Welding Products Market is expected to reach USD 19.76 billion by 2025 | Key players are Colfax Corporation, Illinois Tool Works Inc., Sandvik AB,Hyundai Welding Co., Ltd., Panasonic Welding Systems Co., Ltd., Air Liquide, Others.

Welding Products Market Size and Growth Rate:
Welding Products Market was valued at USD 11.89 billion in 2016 and projected to reach USD 19.76 billion by 2025 growing at a CAGR of 5.3% during the forecast period 2018 to 2025.

Welding Products Market Overview:
Welding products find extensive application in industries such as oil and gas, metals, aviation and marine, and materials, automotive, and building and development. Strong growth in the building and construction industry all over the world is likely to propel growth in the forthcoming years. In addition, the growing demand for superior welding technology from the automotive industry is expected to further drive the market over the forecast period. The Asia Pacific is anticipated to rule the market, owing to increasing demand from automobile industry.

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Welding Products Market Growth Drivers and Restraints:
Welding products have widespread applications in various industries including marine, manufacturing, automotive, construction, and construction. From the past few years, demand for welding products is growing mainly from emerging oil and gas industries. Additionally, constant technological improvements in welding procedures are driving the growth of the global market. A variety of customized welding products and equipment are helping the oil and gas companies in order to meet customer requirement. Fast infrastructural growth and technological improvements primarily in the automotive industry are expected to boost demand over the forecast period.

Improved development and technological improvement in welding industry have led to business growth in recent years. These advancements have led to a variety of customized welding equipment and results. The automotive industry is seeing rapid technological improvement and infrastructural development which will feed the demand for welding products in the market through the forecast period. On the base of technology, the welding products market is divided into arc welding, laser beam welding, resistance welding, oxy-fuel welding, and ultrasound welding. Stick electrodes, solid wires, saw wires, flux-cored wires, and fluxes, and gases are used more than others.

Among these, the stick terminals accounted from the larger share in the global market in 2016. Presence of end-use enterprises in developing economies is anticipated to increase the growth of the segment. Nevertheless, flux-cored wires and solid wires are anticipated to account for a larger share by the end of the year and witness accelerated growth in the global market owing to great performance and cost-effectiveness.

Geographic Insights of Welding Products Market:
The Asia Pacific is anticipated to emerge as the fastest-growing region over the foreseen period owing to increasing demand from automobile industry for welding automotive segments and vehicle bodies. Moreover, increasing product demand from the construction industry for use in the welding method of building, residential, and industrial fabrication, is also anticipated to boost the regional growth in the future years. Presence of significant automotive manufacturers in the Asia Pacific is anticipated to be the key growth driver in near future.

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Key Market Players of Welding Products Market:
The Lincoln Electric Company, Obara Corporation, Colfax Corporation, Illinois Tool Works Inc., Sandvik AB, Denyo Co., Ltd., Hyundai Welding Co., Ltd., Panasonic Welding Systems Co., Ltd., Air Liquide, Others.

Welding Products Market Key Segmentation:
By Product Type:
• Stick Electrodes
• Solid Wires
• Flux-cored Wires
• Saw Wires and Fluxes
• Others

By Application:
• Transportation & Automobiles
• Building & Construction
• Marine
• Others

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

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