What's driving the Welding Materials Market share? Praxair Technology, Inc., Tianjin Bridge Welding Materials Group Co., Ltd., The Lincoln Electric Company, Illinois Tool Works Inc., Ador Welding Ltd., Hyundai Welding Co & more

This global Welding Materials market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

The global welding materials market is estimated to reach USD 22.8 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study. The report Welding Materials Market Share, Size, Trends, & Industry Analysis Report, By Type (Fluxes & Wires, Electrode & Filler Materials); By Technology (Resistance Welding, ARC Welding, Ultrasonic Welding); By End-User, By Region: Segment Forecast, 2019 -2026 provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the automotive and transportation segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

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Asia-Pacific generated the highest revenue during 2018 and is expected to lead the global market throughout the forecast period. The presence of established industries such as manufacturing and automotive, substantial initiatives in research and development, and increasing automation of industrial processes drive the market growth. Rapid industrialization and growth of construction industry further strengthen the welding materials industry in the region. The increasing sale of passenger vehicles, coupled with increasing infrastructure development in countries such as China, and Japan increases the adoption of welding materials in the region.

The increasing automation in various industrial processes and use of welding materials in diverse applications such as construction, automotive, and aerospace among others is expected to support the market growth. Increasing use of welding materials in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include increasing investments in energy infrastructure, industrialization, improving aesthetics of welds, urbanization, and growing development of new filler metals to improve purity. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the welding materials industry during the forecast period.

Welding electrodes are developed from electrically conductive material and are capable of conducting electric current to the weld. Consumable electrodes provide the filler metal of the weld puddle, and include welding wires, rods, plates, strips, wires and tapes, and combination electrodes. Consumable electrodes include a variety of metals and alloys such as steel, aluminum, titanium, and copper. Non-consumable electrodes include rods and electrodes used in resistance welding.

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The well-known companies profiled in the report include Air Products And Chemicals, Inc., Praxair Technology, Inc., Tianjin Bridge Welding Materials Group Co., Ltd., The Lincoln Electric Company, Illinois Tool Works Inc., Ador Welding Ltd., Hyundai Welding Co., Ltd., Taiyo Nippon Sanso Corporation, Fronius International GmbH, Miller Electric Mfg. LLC, Iwatani Corporation, and Colfax Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies and enhancing their product offerings to improve their market reach.

Table of Contents:

Overview and Scope
1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.4. Key take-away

1.5. Stakeholders

Executive Summary
2.1. Market Definition

2.2. Market Segmentation

Welding Materials Market Insights
3.1. Welding Materials Industry snapshot

3.2. Welding Materials - Ecosystem analysis

3.3. Welding Materials Market Dynamics

3.4. Industry analysis - Porter's five force

3.5. Welding Materials Market PEST Analysis

3.6. Welding Materials Market Value Chain Analysis

3.7. Welding Materials Industry Trends

3.8. Competitive Ranking Analysis,

Welding Materials Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings

4.2. Fluxes & Wires

4.3. Electrode & Filler Materials

Welding Materials Market Size and Forecast, 2018-2026 by Technology
Welding Materials Market Size and Forecast, 2018-2026 by End-User
Welding Materials Market Size and Forecast, 2018-2026 by Region
Company Profiles
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Related Report:

Global Welding Materials Market Insights, Forecast to 2025

This report researches the worldwide Welding Materials market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Welding Materials breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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